Photo by ShutterstockTo celebrate the industry's massive leap in embracing technology, Real Estate Forum is highlighting some of the most notable innovators across the commercial real estate spectrum. Click here to submit a nomination forCRE Tech's Top Tech Enterprisers.
SAN FRANCISCO–It is all well and good to hear the theory behind blockchain and how it can help commercial real estate, but to see it in action is another thing all together. Case in point: A group of owners of an office building in Oakland, CA's uptown district just tokenized the building to provide greater liquidity and make it easier for the owners to sell and exchange their shares.
Essentially this was a securities transaction, according to Razmig Boladian, co-founder and managing partner of Real Estate Private Equity firm Rubicon Point Partners. Boladian spoke to GlobeSt.com on behalf of the building owners. “It was a faster, cheaper and more liquid route instead of trading paper,” he says.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
