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Real Estate Platform Comparison· Updated July 15, 2026
A side-by-side breakdown of returns, liquidity, fees, and trustworthiness to help you decide where to invest your money.

RealT pioneered tokenized U.S. rental properties with weekly rent distributions, but the platform is now winding down. On July 2, 2026, RealT announced the voluntary liquidation of its U.S. structures. Weekly distributions are suspended, roughly 700 Detroit properties sit under a court-approved special fiduciary following the city's nuisance lawsuit, and sale proceeds go to repairs, taxes, and legal obligations before token holders see anything. A class action and a criminal complaint are underway in France. Do not buy RealTokens. Existing holders should document their positions and follow the liquidation process closely.
RealtyMogul is a credible, established option for investors who want exposure to commercial real estate REITs. The $5,000 minimum, multi-tier fees, and 3-year minimum hold for redemption make it best for buy-and-hold investors with mid-sized portfolios.
At a Glance

Pros & Cons

Proved global demand for tokenized rentals
RealT operated since 2019 and attracted thousands of investors worldwide to fractional U.S. rental properties, demonstrating real international appetite for tokenized real estate with frequent distributions.
Weekly distributions set the cadence benchmark
When operating, RealT distributed rent weekly in stablecoins, more frequently than the monthly or quarterly schedules used by most competitors.
Genuinely onchain ownership records
RealTokens live on public blockchains, which means holders retain independently verifiable records of their positions even with the platform in liquidation. That transparency is helping investors organize during the wind-down.
Public paper trail
The Detroit court proceedings, fiduciary agreement, and liquidation announcements are publicly documented, so token holders can follow the process through primary sources rather than platform statements alone.
Voluntary liquidation announced July 2026
On July 2, 2026, RealT announced the voluntary liquidation of its U.S. structures and the progressive sale of its entire property portfolio. The announcement reportedly came via a YouTube call rather than formal notice through a registered transfer agent. Roughly 14,000 French investors are affected according to counsel involved, alongside holders worldwide.
Detroit lawsuit and court-approved fiduciary
The City of Detroit initiated proceedings in July 2025 over code violations and tax arrears on roughly 408 properties. In April 2026 a court approved an agreement placing a special fiduciary in control of roughly 700 RealT Detroit properties, with authority to renovate, sell, or demolish. RealT still owes millions in unpaid taxes, and only a city motion prevented 300+ properties from going into foreclosure.
Weekly distributions suspended
Rent distributions to token holders are suspended, and RealT has said proceeds are being directed first to repairs, stabilization, and legal obligations. Yields historically advertised above 10% annualized are not being paid.
Class action and criminal complaint
A class action is underway in France and a criminal complaint has been filed with the financial division of the Paris judicial court. Former collaborators have publicly alleged that some marketed properties may never have been purchased, an allegation that, if proven, would be securities fraud.
Long track record
Founded in 2012, RealtyMogul is one of the original real estate crowdfunding platforms. The company has publicly reported deploying more than $1 billion of investor capital across hundreds of properties since founding.
Real commercial REIT exposure
MogulREIT I (Income) and MogulREIT II (Apartment Growth) give non-accredited investors exposure to institutional-quality commercial real estate: multifamily, office, retail, industrial.
Monthly Income REIT distributions
MogulREIT I pays distributions monthly, more frequent than most peer REIT platforms, and has historically targeted 6–8% annualized distribution yield.
Penalty-free redemption after 3 years
Both MogulREITs offer a quarterly share repurchase program. After 3 years held, investors can redeem at full NAV (subject to availability).
$5,000 REIT minimum
RealtyMogul's REIT minimum is 50x Lofty's and 500x Fundrise's. The high minimum makes it harder to test the platform or diversify without committing real capital.
Complex, layered fees
RealtyMogul charges a 1–1.25% asset management fee plus organization, offering, and acquisition fees that vary by product. Private placements add sponsor-level fees on top.
Early redemption discounts
Redemption requests in years 1–2 are discounted (typically 2–4% off NAV) and not guaranteed if there's insufficient liquidity in the share repurchase program.
Most deals are accredited-only
Only the two MogulREITs are open to non-accredited investors. Individual private placements and 1031 exchange deals require accredited status.
Deep Dive
What You're Investing In
Nothing. RealT is liquidating its portfolio and no new offerings are available.
MogulREIT I (income-focused, monthly distributions), MogulREIT II (apartment growth, quarterly distributions), and individual private placements (accredited only, 5+ year holds, higher minimums).
Property Locations
Primarily Detroit (roughly 83% of the portfolio), with Cleveland, Chicago, and Memphis exposure. The Detroit portfolio is under fiduciary control until at least the end of October 2026.
Properties are spread across the U.S. with concentration in growth metros: Texas, Florida, Georgia, the Carolinas, Tennessee, Arizona, and select coastal cities. Each deal's location is disclosed in the offering documents.
Expected Returns
N/A. Distributions are suspended and future returns depend entirely on liquidation proceeds after repairs, taxes, fiduciary costs, and legal obligations. Historically advertised yields above 10% annualized should be read in light of that outcome: the highest advertised yields in the category came with the weakest underlying operations. Past performance does not guarantee future results.
MogulREIT I targets 6–8% annualized distributions with limited NAV appreciation. MogulREIT II targets growth (apartment value appreciation) with smaller current distributions. Private placements target higher IRRs (often 12–18%) but carry deal-specific risk and longer holds.
Fees
Moot for new investors. For existing holders, fiduciary fees, escrow requirements, repair costs, and back taxes are effectively senior to token holder recoveries in the wind-down.
RealtyMogul charges 1–1.25% asset management on REITs plus organization, offering, and acquisition fees that vary by deal. Private placements layer sponsor fees (acquisition, asset management, disposition) on top. Investors should read each deal's full fee schedule.
Liquidity
Indefinite. Token holders are waiting on a liquidation process with no published completion timeline.
Both MogulREITs offer a quarterly share repurchase program. After 3 years held, redemption is at full NAV, subject to availability. Private placements typically run 5+ years with no early-exit option.
Who Can Invest
No one. The platform was closed to U.S. persons under Regulation S, and with the July 2026 liquidation announcement it is effectively closed to new investment entirely.
MogulREITs are open to non-accredited and accredited U.S. investors. Private placements and 1031 exchange offerings are restricted to accredited investors only.
The Verdict

RealT is not an investable platform. It is a wind-down. The July 2026 voluntary liquidation, suspended distributions, fiduciary-controlled Detroit portfolio, unpaid taxes, and pending litigation mean prospective buyers should stay away entirely, including from discounted RealTokens on decentralized exchanges. Existing holders should document positions, follow the Detroit docket and the French class action, and calibrate expectations to distressed liquidation values. Investors who came to RealT for tokenized rentals with frequent payouts should evaluate operators on the factors that failed here: property condition and tax compliance, platform financial health, and what happens to investors if the operator disappears. See how Lofty compares on those specific criteria.
Full RealT review →RealtyMogul is a credible, well-established option for mid-sized investors who want exposure to commercial real estate REITs with monthly distributions and the option of accredited-only private placements. The trade-offs are real: a $5,000 minimum that limits diversification, layered fees, and a 3-year minimum hold for penalty-free redemption mean RealtyMogul rewards committed buy-and-hold investors. Investors with smaller capital, those wanting daily payouts or a 24/7 exchange, or those focused on direct property-level ownership will find better fit elsewhere.
Full RealtyMogul review →Bottom Line
RealtyMogul scores higher (3.0/5) and edges out RealT on our investment quality criteria.
RealtyMogul is a credible, established option for investors who want exposure to commercial real estate REITs. The $5,000 minimum, multi-tier fees, and 3-year minimum hold for redemption make it best for buy-and-hold investors with mid-sized portfolios.
Frequently Asked Questions
Based on our scoring criteria, returns, fees, liquidity, transparency, minimums, and track record, RealtyMogul (3.0/5) scores higher than RealT (1.0/5). RealtyMogul is a credible, established option for investors who want exposure to commercial real estate REITs. The $5,000 minimum, multi-tier fees, and 3-year minimum hold for redemption make it best for buy-and-hold investors with mid-sized portfolios.
RealT's minimum investment is N/A: platform is in voluntary liquidation and was never open to U.S. investors. RealtyMogul's minimum investment is $5,000 (REITs); $25,000–$50,000+ (private placements).
RealT: Indefinite. Token holders are waiting on a liquidation process with no published completion timeline. RealtyMogul: Both MogulREITs offer a quarterly share repurchase program. After 3 years held, redemption is at full NAV, subject to availability. Private placements typically run 5+ years with no early-exit option.
RealT reports average yearly returns of N/A: distributions suspended; advertised yields historically exceeded 10%, which the current outcome puts in perspective. RealtyMogul reports average yearly returns of Income REIT targets 6–8% annual distributions; private placements target higher IRR. Past performance does not guarantee future results.
One of the most flexible ways to invest in real estate
$50 minimums · Daily rent payouts · No lock-up periods · 24/7 exchange