Launch of 'Real Estate•Bitcoin' Combined Fund in the US…"Targeting Total Returns Over 12%"
JOON HYOUNG LEE
Summary
- Cardone Capital announced the launch of a fund combining real estate and Bitcoin.
- This fund is reported to be the world's first to combine multifamily real estate and Bitcoin.
- The target total return is over 12%, with plans to increase returns through a hybrid strategy.
A U.S. real estate investment firm has launched a fund combining real estate and Bitcoin.
Cardone Capital announced on the 26th (local time) the launch of the '10X Space Coast Bitcoin Fund'. Cardone Capital is a real estate investment firm managing assets worth $4.9 billion (approximately 7.27 trillion KRW). The fund launched this time is valued at $87.5 million (approximately 130 billion KRW).
This fund is the world's first to combine multifamily real estate and Bitcoin. Grant Cardone, CEO of Cardone Capital, stated, "We aim for an internal rate of return (IRR) of 12-15% through real estate investment," adding, "The hybrid strategy with Bitcoin can increase the total return."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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