Legal updates on real estate syndications, fund formation, and tokenized offerings under U.S. securities law.
Ask two real estate sponsors to describe their waterfall structures and you will often get the same high-level answer: eight percent preferred return, eighty-twenty…
Read moreCustody is the compliance issue that tokenized real estate sponsors consistently underestimate. The pitch for tokenization focuses on speed, accessibility, fractional ownership, and streamlined…
Read moreHere is a compliance problem that comes up constantly in the tokenized real estate space: a platform operator builds what they describe as a…
Read moreAsk any experienced real estate securities attorney what the most important document in a syndication is, and the answer is the same every time:…
Read moreHere is something every real estate sponsor considering tokenization needs to understand from the start: tokenization does not remove your offering from U.S. securities…
Read moreSponsors do not just choose between raising capital and not raising capital. They also choose the structure through which that capital will be raised,…
Read moreDigital assets do not receive a special carveout from U.S. securities law simply because they use blockchain technology, carry a token label, or settle…
Read moreMost real estate sponsors focus on the deal, the property, and the capital stack. SEC enforcement, by contrast, usually starts with something more fundamental:…
Read moreReal estate tokens are routinely treated as securities under U.S. law because they are sold as fractional investment interests tied to property income, appreciation,…
Read moreState Blue Sky laws are one of the most frequently underestimated compliance obligations in real estate syndications. Most sponsors understand that federal securities law…
Read moreTokenization has created new ways to package and distribute investment interests in real estate, private credit, and other alternative assets. What it has not…
Read moreThis is one of the most consequential questions a real estate sponsor can face — and one of the most frequently misunderstood. Getting the…
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