Tokenized Securities and Commercial Real Estate

Smith, Jeremy S.; Vora, Manasi; Benedetti, Hugo; Yoshida, Kenta; Vogel, Zev

doi:10.2139/ssrn.3438286

Cited by 28 publications

(6 citation statements)

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“…However, by tokenizing, rental estate assets, it becomes possible for individuals to purchase fractional ownership of a property, providing an alternative investment option for those who may not have the means to purchase an entire property. Additionally, by using tokenization, a liquid market for rental estate assets can be established, making it easier for investors to buy and sell ownership in a property [11].…”

Section: Tokenization Of Rental Estatementioning

confidence: 99%

Tokenization of rental real estate assets using blockchain technology

Rath,

Pateriya,

Tomar

et al. 2023

Preprint

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The tokenization of rental real estate assets using blockchain technology has recentlygained attention as a novel way to enhance the liquidity and transparency of the real estate market. Inthis paper, we propose a smart contract-based system for the tokenization of rental estate assets usingthe Solidity programming language along with the framework. The system aims to provide a secureand transparent way to buy and sell a fraction of ownership of rental estate assets by leveraging thedecentralized and immutable nature of blockchain technology. Our study showcases the outcomes ofthe regression analysis conducted on synthetic historical data of rental estate returns and risk factors.The findings revealed a significant positive correlation between rental estate returns or rental yieldand risk-return factors. Additionally, we describe the Analysis of Variance(ANOVA) analysis, whichconfirms the statistical significance of our proposed model. Our findings suggest that tokenizationof rental estate assets using blockchain technology can bring substantial benefits to estate investors,such as increased liquidity and reduced transaction costs. This study contributes to the developmentof the estate industry by proposing a novel model of blockchain technology in the context of rentalestate asset tokenization.

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Section: Tokenization Of Rental Estatementioning

confidence: 99%

Tokenization of rental real estate assets using blockchain technology

Rath,

Pateriya,

Tomar

et al. 2023

Preprint

View full text Add to dashboard Cite

show abstract

“…A token can be viewed as a digital representation of a real asset utilizing blockchain. Whereas a basic token digitally represents an asset, a security token digitally represents a security (Laurent et al, 2019;Smith et al, 2019).…”

Section: Financial Technology and Investingmentioning

confidence: 99%

“…Tokenized real estate securities include existing real estate conduits such as exchanges, issuers, equity investors, debt investors, as well as newer conduits such as token issuance platforms. Tokenized real estate assets include domestic and international entities, which includes both new construction and existing physical assets (Smith et al, 2019).…”

Section: Financial Technology and Investingmentioning

confidence: 99%

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The rise of PropTech: emerging industrial technologies and their impact on real estate

Starr

Saginor

Worzala

2020

JPIF

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PurposeIndustry 4.0 recognizes a broad set of technologies that rapidly redefine industry, including real estate. These broad technologies include the Internet of things (IoT), cloud computing, decision automation, machine learning and artificial intelligence. This paper explores applies Industry 4.0 to commercial real estate, resulting in a framework defined here as Real Estate 4.0, a concept that encompasses fintech and proptech.Design/methodology/approachThis research paper examines Industry 4.0 technology to construct a framework for Real Estate 4.0. We also focus on how the COVID-19 pandemic is accelerating proptech, particularly as it relates to getting employees back into their traditional work environments.FindingsAs a research paper, this is not a traditional research project with empirical findings. It is a primer on how the rapidly changing technologies of Industry 4.0 are now disrupting and transforming real estate today into what we are calling Real Estate 4.0.Practical implicationsPractitioner insight and future research are informed by a framework for Real Estate 4.0 drawn from the technologies of Industry 4.0. Additional implications are outlined for practical, systemic change as a result of the COVID-19 pandemic within the scope of Real Estate 4.0 technology.Originality/valueThis is a combined effort by experts in three contributing disciplines: systems science, planning and real estate. Our intent is to provide a primer for those of us in the latter two fields so that we can embrace the rapidly changing built environment landscape as it adjusts and adapts to a post COVID-19 environment that will be critical to maintain real estate investment values and enhance the real estate user's experience.

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“…From the perspective of market segmentation, private placement results from the classification of the market by investors at different levels. The development of token blockchain technology and the advent of REITs enable ordinary investors to overcome regional differences and capital constraints, creating unique real estate investment opportunities (Hoesli and Oikarinen 2012;Smith et al 2019). Placing participants, on the other hand, have a superior grasp of the seller as experienced investors, allowing them to mitigate firm-specific risks.…”

mentioning

confidence: 99%

Private Placement of China-Listed Real Estate Firms: A Conceptual Idea

Ning,

Jalil

2023

JRFM

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This article conducts a review of the literature on private placement and analyzes the risks facing China’s real estate companies. It argues that, within the framework of China’s hybrid economic model, private placement can serve as a market-oriented financing mechanism and risk mitigation strategy beyond the traditional banking system. The article focuses on the characteristics of private placement, prevalent hypotheses, and influencing factors. It also traces the evolution of financialization in the global real estate industry, outlines the development model of China’s real estate sector, and discusses the challenges and risks it encounters. Private placement offers various advantages, including reducing corporate leverage, strengthening working capital, and addressing information asymmetry issues. However, existing research in this field is still insufficient. Therefore, future research can provide a more robust theoretical foundation and guidance for policymakers, investors, and businesses.

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Tokenized Securities and Commercial Real Estate

Cited by 28 publications

References 0 publications

Tokenization of rental real estate assets using blockchain technology

Tokenization of rental real estate assets using blockchain technology

The rise of PropTech: emerging industrial technologies and their impact on real estate

Private Placement of China-Listed Real Estate Firms: A Conceptual Idea

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