Tokenization of Commercial Real Estate: Offering and Trading Property Investments on the Blockchain

A live 90-minute premium CLE video webinar with interactive Q&A


Wednesday, December 15, 2021

1:00pm-2:30pm EST, 10:00am-11:30am PST

Early Registration Discount Deadline, Friday, November 19, 2021

or call 1-800-926-7926

This CLE webinar will discuss the process of creating a tokenized real estate offering and the risks and benefits for issuers and investors to consider in connection with a real estate token offering, its administration, and subsequent transfers.

Description

The adoption of cryptocurrencies and the emergence of blockchain platforms have made real estate tokenization a potential capital-raising option. With tokenization, ownership interests in real estate assets can be more immediately bought and sold, but tokenization requires a thorough understanding of the technology, the offering process, and the regulatory issues involved.

Investors typically invest in real estate through an LLC or limited partnership that owns an underlying property. With tokenization, LLC or LP interests are in the form of tokens that can be traded or used as collateral in smart contracts. The issuer must determine the number and type of tokens and select an exchange platform for trading.

The issuer must also decide whether a security is being offered and registration is required. Offering documents may include operating agreements, subscription agreements, and a private placement memorandum. Offerings must also comply with KYC requirements and have appropriate protection of user data.

Tokens should have built-in compliance features such as restrictions on transfers and secondary trading. Issuers will also need to determine how distributable cash will be paid (perhaps using stablecoins or other digital currency).

Listen as our authoritative panel discusses these and other matters associated with commercial real estate tokenization.

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Outline

  1. Emergence of blockchain technology and digital assets
  2. Real estate tokens contrasted with traditional LLC and partnership interests
  3. Issues in tokenization
    1. Compliance with securities laws and creation of a smart contract
    2. Determining number and type of tokens, and the exchange platform
    3. Offering process: confirmation of investor accreditation and listing of tokens
    4. Administration: distribution of profits or other payments to investors

Benefits

The panel will review these and other critical issues:

  • What advantages do digital tokens have over traditional real estate investment vehicles?
  • What are the securities law implications of tokenization? Is registration required?
  • How should a token offering be documented?
  • What are the transfer restrictions to build into a real estate token? What are the AML concerns?

Faculty

Dilendorf, Max
Max Dilendorf

Attorney
Dilendorf Law Firm

Mr. Dilendorf’s practice is focused primarily on digital assets, cryptocurrency, and technologies that drive...  |  Read More

Additional faculty
to be announced.
Attend on December 15

Early Discount (through 11/19/21)

Cannot Attend December 15?

Early Discount (through 11/19/21)

You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. Strafford will process CLE credit for one person on each recording. All formats include course handouts.

To find out which recorded format will provide the best CLE option, select your state:

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