Cardone Capital launches a real estate + bitcoin hybrid fund, with rental income continuously used to accumulate BTC
ChainCatcher news, according to Cointelegraph, real estate investment company Cardone Capital has announced the launch of an innovative hybrid fund, combining traditional commercial real estate with Bitcoin asset allocation for the first time.
The company recently acquired a multifamily residential project valued at approximately $235 million, containing 366 units, with about $100 million of the funds to be used for purchasing Bitcoin. The fund leverages the stable cash flow, low volatility, and tax advantages brought by real estate, and will use rental income to continuously increase its Bitcoin holdings. The company hopes to publicly list this vehicle, forming a listed entity with "real assets, income, and tenants," aiming to create a model similar to a digital asset treasury company. This move is seen as a cross-sector innovation between real estate and crypto assets, which may inject new strategies into traditional Real Estate Investment Trusts (REITs).
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