Crypto real estate company RealT collected millions from investors for Detroit properties it doesn’t own
This story was originally published July 9, 2025, by Outlier Media.
Starting in July 2023, a Florida-based real estate startup made a pitch to foreign investors: For as little as $50, anyone with a crypto wallet could buy into a portfolio of 39 homes on Detroit’s eastside.
It was a rousing success for the company, RealT, which sells “fractional ownership” of properties in cities like Detroit, Cleveland and Chicago. Collectively, investors shelled out more than $2.72 million for the bundle — much more than the $1.1 million RealT agreed to pay for the homes, according to the seller.
But the deal never closed. The deeds for all the homes still list the owner as Brewer Park Homes LDHA LP — not…
