Two literal crypto bros built a real estate empire. Then the homes started to fall apart
undefined 17, 2026
A crypto startup, RealT, founded by Canadian brothers, promised global investors cheap entry into real estate by selling $50 property tokens. The idea took off, especially in Detroit, where they amassed hundreds of homes. But many properties fell into severe disrepair, with tenants reporting unsafe, unlivable conditions. The city sued over widespread violations, while the founders blamed managers. Investors, drawn by high returns, now face growing doubts as legal battles, mismanagement claims, and declining property conditions threaten the model.
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