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The original tokenized rental property — weekly rent on-chain since 2019.
The first property RealT ever tokenized: a multi-family rental in Detroit's Warrendale neighborhood. Tokens represent membership interests in the LLC that owns the property; net rent is distributed to holders weekly in stablecoins. A living piece of RWA history that still pays rent every Monday.
Appoline is the proof-of-concept that never stopped working: six-plus years of weekly on-chain rent distributions. Economics are those of a Detroit workingclass rental — double-digit gross yield, real exposure to vacancies, repairs and local market drift, and thin secondary liquidity on RealT's markets and Gnosis DEXs. Valuation marks update annually; treat price as appraisal-based, not market-discovered.
Generated from issuer disclosures and reviewed against sources listed below. Not investment advice.
Addresses shown only where independently confirmed against explorers and issuer documentation. Holder and transfer analytics are available via the linked explorers — approximately 1.1K holders across networks.
Net rent is distributed weekly in stablecoins to token holders, pro rata.
Vacancy reduces distributions until re-let; RealT's property managers handle leasing and maintenance.