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.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
