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Short answer. RealT and Reental both tokenise property, but RealT's current status is unverified. Its website still advertises income of 6% to 16% a year, whereas, according to a review on crowdfundedwealth.com that cites Outlier Media, it suspended payments in February 2026 and spoke of voluntary liquidation on 2 July. We have not verified whether it accepts residents of Spain. Reental offers tokens from €100, does not appear in the CNMV crowdfunding register and an exit depends on another user buying.
Platform data reviewed on 3 November 2026. Reental figures as of 4 November 2026, provided by the company. Reental is one of the two parties compared and has an interest in the outcome: that is why every figure carries its source and date, and why we say what we could not check. Everything said here about RealT's situation comes from the source indicated and we do not assert it ourselves. Quotations from Spanish-language sources are our translation.
What is RealT?
RealT is a US platform based in Detroit that tokenises stakes in rental properties. Its website shows properties mostly in Detroit, plus Birmingham (Michigan) and Panama, and declares more than 65,000 registered investors, more than $29 million of income distributed and rental income of 6% to 16% a year "since 2019" (3 November 2026). These figures are self-declared. In the part of the page we could review there is no suspension notice, and the website states neither a minimum investment nor accepted countries.
What the website says and what the press reports
There are two accounts that do not match. The website still carries the same return claim as before. The review on crowdfundedwealth.com (13 October 2026) reports something else, drawing on an Outlier Media report: in February 2026 an email to investors said "The model no longer works" and suspended the weekly rent payments, and by March almost all had stopped. On 2 July 2026, according to that report, a co-founder said on an investor call: "We are entering voluntary liquidation". The review says it did not find that call in a RealT post or a court filing, and that it did not read the on-chain data to confirm current payouts.
The review also reports a lawsuit by the City of Detroit (City of Detroit v. Michigan Real Token I LLC et al., Wayne County, no. 25-010288-CH), with a complaint dated 30 June 2025 against 166 companies and 408 properties. These are the city's allegations, including unpaid taxes and fines. A restraining order of 22 July 2025 barred collecting rent from tenants; there was an injunction on 23 September 2025 and, according to the review, a judge approved on 22 April 2026 a special fiduciary taking control of the Detroit portfolio, with a report expected in late October 2026. We have not consulted the court file or located the outcome of that report.
What the review does not say matters: it found no court file or insolvency proceeding that formalises the liquidation, no SEC action and no US bankruptcy filing, and it warns that those searches do not prove they do not exist. That is why we do not say RealT has gone bust. We say its current status is unverified.
How the RealT investment was set up, according to the review
According to the review, each token is a stake in a Delaware series LLC that owns one property, issued as an ERC-20 token (Ethereum network). A third-party manager collects the rent, which is converted into a stablecoin such as Dai and sent to the holder's wallet. The review cites the 2019 private placement memorandum and points to several relevant clauses: the managing member decides distributions "in its sole discretion", the manager can refuse transfers and token holders are paid last in a liquidation, after third-party creditors and the managing member's affiliates. That memorandum relates to Series 1 and later series may differ.
Reental's structure in the US, according to its FAQ, is similar in form (an LLC that holds the property, whose shares are tokenised) and uses the Polygon network, with returns in USDT. In Spain, the tokens represent credit rights under a participating loan. What each platform allows its manager to do on distributions, transfers and liquidation is set out in its legal documents, and you should read them before investing in either.
RealT vs Reental, point by point
The table shows what each one publishes, with dates. For RealT, anything that comes only from the review is marked as such.
| Aspect | RealT | Reental |
|---|---|---|
| Status | Unverified. The website advertises 6% to 16% a year with no visible notice; according to the review (13 Oct 2026), payments suspended since February 2026 and voluntary liquidation announced on 2 Jul 2026. | Reental declares 77 current projects and that it has no public incidents (4 November 2026). |
| What you buy | Tokenised stakes in rental properties. According to the review, a Delaware series LLC per property and an ERC-20 token. | Tokens in property projects. In the US, stakes in an LLC that holds the property; in Spain, tokenised securities representing credit rights under a participating loan (Reental FAQ). |
| Country of the asset | Mostly Detroit; also Birmingham (Michigan) and Panama (website). | US and Spain. Visible examples: Miami 7 and Madrid 7. |
| Minimum investment | Not stated on the website. The review cites $47 to $52 in the 2022 filings; the current minimum is unverified. | €100 (1 token = €100), according to Reental. |
| Published return | Rental income of 6% to 16% a year since 2019; "Expected Income" per property between 4.01% and 17.20%, calculated as net rent over investment (website). | Average historical IRR of 16.5%, declared by Reental on 4 November 2026. Estimated per project: 9.5% to 12% a year on the visible cards at reental.co/properties. Measures of a different nature. |
| Income payments | Weekly according to the website and the review, in a stablecoin; suspended since February 2026 according to the review. | Monthly, in USDT, with the option to reinvest (reental.co). |
| Fees | According to the 2019 memorandum cited by the review: 5% of rents plus 1.5% for repairs and 1% of a sale. Later series may differ. | See reental.co |
| Who can invest | According to the review, US investors cannot take part. Accepted countries: unverified. | Any adult after KYC. US tax residents: accredited investors only. |
| Exit before the property is sold | Not verified. The 2019 memorandum, according to the review, lets the manager refuse transfers. | Direct sale to another user on the platform (FAQ). Not guaranteed. |
| Legal framework | The website says "fully-compliant" without naming a supervisor. The review found no SEC action and no US bankruptcy filing. | Reental is not a crowdfunding platform authorised by the CNMV and does not appear in its register of crowdfunding service providers (checked on 3 November 2026). According to the company's legal documentation, its product does not require that authorisation. This means that investors do not have the specific safeguards of Regulation (EU) 2020/1503 (for example, the knowledge test, the loss simulation and the reflection period), and that their holding is not backed by any crowdfunding supervisor. |
| Published incidents | Lawsuit by the City of Detroit (no. 25-010288-CH) and a special fiduciary, according to the review. These are allegations and rulings we have not consulted. | Reental declares that it has no public incidents (4 November 2026). |
| Scale (self-declared) | More than 65,000 registered investors and more than $29 million of income distributed (3 Nov 2026). | Around €106.9 million (about $124 million) tokenised across 128 projects: 77 current (around €87 million) and 51 closed (around €19.9 million), according to Reental. A different measure. |
Reental portfolio as of 4 November 2026
According to the data Reental provides, there are 77 current projects, totalling around €87 million (about $101 million): 50 in operation, 20 under renovation, 6 under construction and 1 in funding, Miami 7, with $1.19 million raised of $2 million (59.7%). The 51 closed projects total around €19.9 million. These are the company's own data, not audited by third parties. Its declared average historical IRR of 16.5% is not compared with any RealT figure.
Can a resident of Spain invest in RealT?
We have not verified it. According to the review, RealT's website says "US investors are not allowed to participate in the program at this time" and its registration form asks about US residency. Its 2022 terms rely on exemptions in US securities law, including one for sales to non-US persons. The website promotes "investors around the globe", but lists no accepted or excluded countries. The review mentions the estimate of a French law firm about its clients in France, which it treats as unverified and which we do not use. With the platform's status unverified, sending funds to RealT without first checking its official announcements is a risk we cannot assess for you. Tax on income and sales depends on your tax residence: consult an adviser.
Legal framework and oversight
RealT's website describes itself as "fully-compliant" and names no supervisor. According to the review, the RealToken companies made 17 filings with the SEC between 28 June and 8 September 2022, showing $417,233 offered, $110,447 sold and 89 investors. The review sets that against about $94 million in Detroit token sales that Outlier Media reports, and explains that sales to non-US persons may not require such a filing, so those documents do not capture all sales. We have not analysed RealT's legal documentation.
Reental is not a crowdfunding platform authorised by the CNMV and does not appear in its register of crowdfunding service providers (checked on 3 November 2026). According to the company's legal documentation, its product does not require that authorisation. This means that investors do not have the specific safeguards of Regulation (EU) 2020/1503 (for example, the knowledge test, the loss simulation and the reflection period), and that their holding is not backed by any crowdfunding supervisor. Keep this difference in mind before comparing figures. The RealT website does not mention that regime in the part we reviewed.
What the RealT case teaches anyone comparing tokenised platforms
A website that keeps advertising a return does not prove it is being paid. Look at the date of the last payment, the notices to investors and what third parties say, and treat any undated figure with caution. It also helps to distinguish between holding a token and being a direct owner of a property: what you get depends on the legal structure, the manager's powers and the order of payment in a liquidation.
Liquidity deserves the same attention. A token does not sell itself just because it exists: it needs a buyer. These questions apply to Reental too. Reental declares that it has no public incidents, a statement from the company that we have not been able to check against an independent source, and this comparison does not suggest that it has the problems the press attributes to RealT.
Who each one suits
With its status unverified, we do not present RealT as an alternative. If you already hold tokens, consult the company's official announcements and, where appropriate, a lawyer or adviser. If you want a US tokenisation platform to compare, see the profile of Lofty in Reental vs Lofty.
Reental may suit you if you are interested in a tokenised stake in property projects from €100, with monthly USDT payouts, and you accept that its legal framework is not that of a crowdfunding platform, that liquidity depends on another user and that its declared historical IRR is not comparable with other figures. Only invest what you can afford to lose in full.
RealT, Lofty and other comparisons
The other large US platform that tokenises rental homes is Lofty, which shows no suspension notice on its website: we cover it in Reental vs Lofty. To contrast with a European platform registered with the CNMV, see Reental vs Wecity. There is a broader overview in the best real estate crowdfunding platforms.
Frequently asked questions
What is the difference between Reental and RealT?
Both tokenise property. RealT is a US platform based in Detroit and its current status is unverified: its website advertises income of 6% to 16% and, according to a review on crowdfundedwealth.com, it suspended payments in February 2026. Reental offers tokens from €100, with a different structure in the US (stakes in an LLC) and in Spain (credit rights under a participating loan), monthly USDT payouts and direct sale to another user on the platform. Reental does not appear in the CNMV crowdfunding register.
What happened to RealT?
We could not verify its current status. Its website still advertises income of 6% to 16% a year. According to a review on crowdfundedwealth.com (13 October 2026) that cites Outlier Media, it suspended weekly payments in February 2026 and on 2 July 2026 a co-founder spoke of entering voluntary liquidation. That review found no insolvency file confirming it. It also reports a 2025 lawsuit by the City of Detroit against 166 companies and 408 properties.
Is RealT still paying rent?
We have not verified it. The website advertises income of 6% to 16% and showed no suspension notice in the part we reviewed. According to the crowdfundedwealth.com review, almost all weekly payments had stopped by March 2026, although the review did not read the on-chain data to confirm current payouts.
Can a resident of Spain invest in RealT?
We have not verified it. According to the review, US investors cannot take part and the 2022 terms rely on an exemption for sales to non-US persons. The website lists no accepted or excluded countries. With the platform's status unverified, check its official announcements and consult an adviser before sending funds.
What is the City of Detroit lawsuit against RealT?
According to the review, it is City of Detroit v. Michigan Real Token I LLC et al. (Wayne County, no. 25-010288-CH), with a complaint dated 30 June 2025 against 166 companies and 408 properties. These are the city's allegations, including unpaid taxes and fines. The review adds a restraining order of 22 July 2025 that bars collecting rent and a special fiduciary approved on 22 April 2026. We have not consulted the court file.
What return does RealT advertise?
Its website advertises income of 6% to 16% a year since 2019 and more than $29 million of income distributed (3 November 2026), with expected income per property between 4.01% and 17.20%. According to the review, weekly payments were suspended in February 2026. The 16.5% average historical IRR that Reental declares is of a different nature and is not comparable.
Can I sell my RealT or Reental tokens?
For RealT we have not verified the state of its secondary market; according to the review, the 2019 memorandum lets the manager refuse transfers. At Reental, according to its FAQ, the exit is a direct sale to another user on the platform, with no guarantee of a buyer, a price or a timeframe.
Is Reental authorised by the CNMV as a crowdfunding platform?
Reental is not a crowdfunding platform authorised by the CNMV and does not appear in its register of crowdfunding service providers (checked on 3 November 2026). According to the company's legal documentation, its product does not require that authorisation. This means that investors do not have the specific safeguards of Regulation (EU) 2020/1503 (for example, the knowledge test, the loss simulation and the reflection period), and that their holding is not backed by any crowdfunding supervisor.
Risk warning
Investing in tokenised property stakes can mean the total or partial loss of your capital, a lack of liquidity and not achieving the expected return. Past returns do not guarantee future ones. Neither RealT nor Reental offers a capital guarantee, and this page is not financial, tax or legal advice: consult a professional before investing. Reental is one of the parties compared in this text. What is stated about RealT's situation comes from a third-party review that cites Outlier Media and has not been verified by us. Reental's figures are data provided by the company (4 November 2026); third-party figures are subject to change.
Sources
- RealT, home page (2026-11-03): Income of 6% to 16% a year since 2019, more than $29 million distributed, more than 65,000 registered investors, properties in Detroit, Birmingham and Panama, no suspension notice in the part reviewed.
- crowdfundedwealth.com, RealT review (cites Outlier Media) (2026-10-13): Payments suspended in February 2026, voluntary liquidation on 2 Jul 2026, Detroit lawsuit no. 25-010288-CH, special fiduciary, US investors excluded, series LLC structure, 2022 filings; no insolvency file found.
- CNMV, register of crowdfunding service providers (2026-11-03): Reental not listed.
- Reental, FAQ (2026-11-03): Structure in the US and Spain, KYC, sale to an accredited third party, USDT, Polygon.
- Reental, projects (2026-11-03): Estimated returns by project.
- Reental, home page (2026-11-03): Monthly USDT payments.
- Reental, data provided by the company (2026-11-04): €100 minimum, average historical IRR 16.5%, €106.9 million across 128 projects, 77 current, 51 closed, no public incidents declared.
- Lofty, home page (2026-11-03): Comparable US platform; no suspension notice.
- Regulation (EU) 2020/1503 (EUR-Lex) (consolidated text): European crowdfunding regime.
