Digital currencies have been in the news a lot lately. And, at least two commercial real estate projects are trying them out.
One developer that recently stuck its toe in the cyber currency waters is real estate investment firm KPG Funds, which announced that tenants can pay rent in digital currency at 446 Broadway L 'Atelier. In addition, the commercial real estate firm said that it will begin accepting digital currency rent payments using Signature Bank and Bitstamp as its partners.
"We believe that cryptocurrency is here to stay. Tenants have started to ask for this payment solution, and we wanted to be able to satisfy their needs," said KPG Funds CEO Gregory Kraut in a prepared statement.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
