Each token represents fractional, NAV-based ownership of a diversified U.S. real estate portfolio, priced on-chain.
USDPROP · Security Token
Real Estate Investment Fund
Access fractional ownership in U.S. real estate assets.
USDPROP is the borderless way to own U.S. real estate: fractional, compliant, and fully on-chain. One regulated security token, backed by a professionally managed, diversified U.S. real estate portfolio.
Own, earn, and exit with full transparency
Welcome aboard USDPROP
Own real estate. Earn in dollars.
USDPROP turns institutional U.S. real estate into something you can actually own: a single, NAV-backed security token that represents your share of a professionally managed, diversified portfolio. An independent administrator values the portfolio every quarter and records its Net Asset Value on-chain, so performance is transparent and verifiable, not taken on trust.
When the portfolio earns, you earn: distributions are paid in USDC, the U.S. dollar stablecoin you can hold, reinvest, redeem, or roll into more USDPROP.
SubscribeGet verified, fund in USDC
Purchase USDPROPYour NAV-backed security token
Own the portfolioA diversified U.S. fund earning income
Exit in USDCRedeem at NAV or reinvest
Experience real estate innovation · Invest in tangible assets, digitally · Transform your investment strategy · Maximize your return
Platform
One token. One real estate investment infrastructure.
USDPROP is the only token in the ecosystem, NAV-backed and real-estate-backed, through which all ownership, income and redemption occur, governed by Regulation D and Regulation S.
When the portfolio distributes income, dividends are paid in USDC directly to your wallet.
Quarterly NAV redemption windows plus regulated secondary trading where available.
How it works
One platform. One security token. Simple to use.
- 1Verify eligibility
Complete KYC/AML and confirm investor status under Reg D 506(c) or Reg S. Your wallet is whitelisted for compliant participation.
- 2Subscribe to USDPROP
Fund your subscription in USDC on Polygon, confirmed with an EIP-712 signature. USDPROP is your share of the fund.
- 3Track NAV and performance
Monitor NAV, portfolio composition and USDC dividends through transparent operating records.
- 4Redeem or reinvest
Receive USDC dividends, redeem at NAV during eligible windows, reinvest into more USDPROP, or hold for NAV appreciation.
The portfolio
Discover the USDPROP Portfolio.
The fund combines income-producing real estate, new development projects, strategic land holdings and secured lending into one diversified portfolio. The result is a balance of stability, growth and flexibility for modern investors.
Portfolio composition · Illustrative target allocation
Stabilized IncomeIncome40%
New DevelopmentGrowth30%
Strategic LandAppreciation15%
Bridge LendingYield8%
Liquidity & TreasuryStability7%
Illustrative target mix, held within stated caps and rebalanced as the fund acquires, develops, and realizes assets. The featured projects hold stabilized income, bridge lending, and treasury reserve. Not a promise or guarantee; capital at risk.
Explore the fund
A diversified U.S. real estate portfolio, one token.
Income-producing real estate, high-growth development, strategic land, secured bridge lending and treasury, balanced for stability, growth and liquidity.
Capital Deployment
StrategyAllocation
Stabilized Incomeup to 45%
New Developmentup to 35%
Strategic Landup to 20%
Bridge Lendingup to 15%
Liquidity & Treasury10-15%
Target Returns by Strategy
StrategyTarget (Illustrative)
Stabilized assets6-8% yield
Development15-25% IRR
Land banking12-28% appreciation
Bridge loans8-12% yield
Weighted target~20.1%
Based on Privé Group's historical project results over 20+ years. Illustrative, not a promise or guarantee. Returns not guaranteed; capital at risk.
Inside the portfolio
One Fund. Many Assets.
The assets below are representative holdings, examples of what the fund owns and builds across stabilized income, development, land and build-to-rent. They are not individual offerings.
Luxury Condo Development
Ground-up residential and mixed-use development with vertically integrated entitlements, design, and construction management.
Portfolio asset · Luxury Condo
Palm Beach House
Singer Island · Palm Beach County
Fully entitled, ultra-luxury oceanfront condominium on Singer Island, Palm Beach County: 15 full-floor residences (+4,000 SF, 12 ft ceilings) by Pritzker laureate Richard Meier, on 138 ft of direct Atlantic frontage. As-of-right RM-20 zoning, no comparable new supply on the island since 2016.
Terms & Projections
- Structure
- FL SPV LLC · Reg D 506(c) · GP 10% / LP 90%
- Equity
- ~$25M total (~$18M net w/ CMB land loan)
- Program
- 15 residences · 60,000 SF sellable · 138 ft oceanfront
- Pricing
- $2,450/SF base · $2,800-2,900 target
- Base case
- $147M revenue · $38.4M gross profit (26.1%)
- Returns
- LP IRR 25.5% · 2.14x · unlevered IRR 30.6%
- Downside
- Break-even $1,809/SF · stress -14% IRR / 1.61x
- Timeline
- Land close Jan 2026 · ~3.65 yr · CO Q4 2028
- Safeguards
- 50% presale gate · GMP contract · 3% contingency
Base case at $2,450/SF per the investor memorandum (Nov 2025) and Douglas Elliman opinion. Asset-level, illustrative of fund strategy; not the return of a USDPROP subscription. Capital at risk.
Held within the diversified USDPROP portfolio · asset-level detail in the fund PPM
Commercial Development
Ground-up office, medical, and mixed-use assets in high-barrier South Florida submarkets.
Portfolio asset · Class A Office
110 Biscayne Spaces
11032-11034 Biscayne Blvd, Miami, FL 33161 · Gateway to Biscayne Shores
Class A boutique office, seven stories plus rooftop, delivering 10 exclusive suites on a 0.27-acre site with approximately 130 ft of Biscayne Blvd frontage. Minutes from I-95 and 20 minutes from MIA.
Terms & Projections
- Structure
- 110 Space, LLC (FL) · Reg D 506(c)
- Equity raise
- $7.0M total · $6.3M LP / $0.7M GP
- Construction loan
- 49% LTC
- Program
- 55,140 SF gross · 22,770 SF saleable · 10 suites · 68 parking
- Returns
- Investor IRR 24.4% · 1.59x · ROE 59%
- Return on cost
- 26% unlevered
- Total return
- $3.74M to investors
- Term
- 3.33-year hold
Asset-level and illustrative of fund strategy; fund subscription terms are set out in the USDPROP PPM. Capital at risk.
Held within the diversified USDPROP portfolio · asset-level detail in the fund PPM
Land Banking
Privé Group's highest-conviction vertical: acquire strategically positioned parcels, unlock value through rezoning, entitlements, and infrastructure partnerships, then deliver buildable sites. This is where the 29% average IRR is built.
Portfolio asset · Land Banking
Uptown Biscayne
16300-16355 Biscayne Blvd, North Miami Beach
A 4.97-acre Biscayne Blvd assemblage acquired approximately 30% below market, structured as a 4-parcel development platform. Approximately $100M of land contributed as equity into developments, projected to grow to approximately $200M of equity value at completion, an estimated approximately $125M in total investor profit over a roughly 5-year business plan.
Terms & Projections
- Structure
- Privé Land Banking SPV (FL) · Reg D 506(c)
- Site
- 4.97 acres · 4-parcel Biscayne Blvd assemblage
- Acquisition
- $75M · approximately 30% below market · embedded value approximately $25M
- Total budget
- $90M initial
- Capital stack
- $45M LP (50%) · $15M Privé GP (17%) · $30M seller financing (33%, 8% / 2-year)
- Preferred return
- 9% annual
- Projection
- approximately $200M equity value · approximately $125M investor profit
- Target
- 20%+ IRR · approximately 5-year plan
Per the Uptown Biscayne financial information. Projected and target returns are illustrative; capital at risk.
Held within the diversified USDPROP portfolio · asset-level detail in the fund PPM
Residential Build-to-Rent
Ground-up townhome communities in high-growth U.S. urban markets, built to rent and refinanced to hold for durable, long-duration cash flow.
Portfolio asset · Build-to-Rent
Parkside at Corktown
Corktown · Detroit, Michigan
A four-building, 18-unit townhome community in Corktown, Detroit's oldest and fastest-appreciating historic district. Built-to-rent and refinanced to hold, the project is underwritten for durable rental cash flow with long-term upside as the submarket continues to compress.
Terms & Projections
- Structure
- Limited Liability Company (LLC)
- Equity raise
- $1.52M total equity
- Construction loan
- 81% LTC
- Asset
- 18 townhomes · 4 buildings (A-D) · 22,194 SF
- Returns
- 2.38x · ROE 138% · $2.10M to investors
- Return on cost
- 85% unlevered
- Sources & uses
- $7.96M total · $1.52M equity · $6.44M loan
- Term
- 8-year hold · build, refinance, rent
Per the Parkside at Corktown financial information. Asset-level and illustrative; fund subscription terms are set out in the USDPROP PPM.
Held within the diversified USDPROP portfolio · asset-level detail in the fund PPM
Additional portfolio assets
USDPROP may include stabilized multifamily, industrial and logistics, healthcare, retail, hospitality and secured bridge lending. Portfolio composition changes over time.
The USDPROP security token
NAV-backed. Real-estate-backed. Compliance-gated.
Built to the ERC-3643 permissioned security-token standard on Polygon mainnet, with verifiable identity via ONCHAINID. Offered under Reg D 506(c) for U.S. accredited investors and Reg S for non-U.S. investors.
USDPROPNAV · per token
On-chain
$1.00
At par · launch reference
Published quarterly and verified on-chain. NAV is a periodic published value calculated by NAV Fund Services (independent administrator) and recorded via the NAVOracle on Polygon, not a live market quote.
Technical architecture · Polygon mainnet
Five layers. One token. Verifiable on-chain.
USDPROP token and native USDC on Polygon; the diversified U.S. real estate portfolio underpins NAV.
ONCHAINID, IdentityRegistry and ClaimIssuer for verifiable KYC/AML claims.
Modular compliance enforcing Reg D, Reg S, lockups, limits and country restrictions before transfer.
NAVOracle, InvestmentManager and DividendDistributor for valuations, subscriptions and distributions.
Safe multisig treasury, defined owners and controlled upgrade procedures.
Token · 0x6F6c...5826
IdentityRegistry · 0x82e0...6bac
NAVOracle · 0x356B...F9a9
InvestmentManager · 0xe901...949f
Safe Treasury · 0xe1f7...f92c
Open Technical Architecture
The USDPROP advantage
Six reasons eligible investors choose USDPROP.
NAV-based exposure to professionally managed U.S. real estate, once reserved for large investors.
NAV, ownership and distributions published on-chain. Audit the platform, don't just trust it.
KYC/AML, jurisdiction and lockups enforced at the wallet level, compliant by design.
Dividends to your wallet, redeem, off-ramp or reinvest into more USDPROP.
Quarterly NAV redemptions plus regulated secondary trading where available.
Underwritten by Privé Group with aligned sponsor experience and self-custody.
The USDPROP wealth engine
Built for tomorrow. Ready for today.
Traditional real estate funds are slow, gated and tied to borders. USDPROP creates a new wealth model where real estate expertise meets automated fund operations.
Fractional access to professionally managed U.S. real estate, recorded and verifiable on-chain.
USDC distributions delivered directly to your wallet when income is available.
Exit pathways designed with compliance: NAV redemptions and regulated secondary trading where available.
Who we are
Built by Privé Group.
Privé Group is a diversified real estate investment and development firm, headquartered in South Florida and active for more than 25 years. It conceived and delivered the first new Brightline station, Aventura, opened 2023, is bringing branded residences to market with Fendi Casa, and assembled a $50M+ all-cash site on Biscayne Boulevard now planned among the tallest towers in Miami. From the iconic Forum Aventura to The Standard Hotel in Tulum, Privé builds landmarks, then owns and operates them.
It is one firm, fully vertically integrated across the entire life cycle of a project: land acquisition and entitlements, design and construction, operations and asset management, with a hospitality portfolio of its own. 100% owned by The Rabinovich Family Trust and led by founder Javier Rabinovich since 1999, Privé invests its own capital in every deal. The firm was named a Power Leader in Real Estate by the South Florida Business Journal (2016 and 2017) and Best Developer by the City of North Miami Beach (2020).
Over more than two decades, and alongside 100+ accredited investors, Privé has built a diversified platform through investment funds and special-purpose entities, spanning commercial, multifamily, residential, hospitality, and mixed-use, from stabilized income-producing assets to value-add redevelopment and collateralized real estate debt. At its core is a strategic land-banking engine that acquires undervalued parcels, unlocks value through entitlements, and delivers buildable sites. Beyond South Florida, Privé holds income-producing shopping centers, warehouses, and multifamily across New York, Michigan, Texas, South Carolina, and Colorado, with international projects in Mexico, Puerto Rico, and Argentina's Uco Valley. That discipline now powers USDPROP.
Recognition
Power Leader
In Real Estate
SFBJ · 2016 & 2017
★ ★ ★
Best
Developer
City of NMB · 2020
★ ★ ★
First New
Brightline Station
Aventura · 2023
★ ★ ★
Leadership
Javier Rabinovich
Founder, President & Chief Investment Officer
Originally from Buenos Aires, Argentina, Javier holds a degree in Business Administration from the Universidad de la Empresa and pursued postgraduate studies in real estate development and finance. He founded Privé Group in 1999 and built it into a diversified platform across real estate, hospitality, and land banking, with landmark projects in Florida, Mexico, Puerto Rico, and Argentina. Recognized as a “Power Leader in Real Estate” by the South Florida Business Journal (2016 and 2017) and led Privé Group to the City of North Miami Beach “Best Developer” award (2020). He served as Chairman of the Public Art Advisory Committee in Sunny Isles Beach (2018 to 2022) and is an active philanthropist supporting the University of Miami, the Miami Children’s Museum, and the Greater Miami Jewish Federation.
Every dollar this firm deploys, I deploy alongside it. I invest the same way I have for twenty-five years: with conviction, discipline, and a long view.
Leadership team
One vertically integrated firm behind USDPROP.
Leads platform and fund operations, execution, and day-to-day delivery across the portfolio.
Discipline in execution is what turns a good deal into a delivered one.
Leads regulatory compliance, KYC/AML, investor eligibility, and the Reg D / Reg S framework.
Compliance is not a checkbox. It is how we protect every investor.
Leads finance, fund structuring, NAV oversight, and treasury.
We underwrite conservatively, so the upside takes care of itself.
Leads on-chain architecture, smart contracts, and platform technology on Polygon.
On-chain means an investor can verify, not just trust.
Track record
A portfolio built over 25 years.
Selected projects developed, co-invested or managed by Privé Group. Shown as sponsor experience, not USDPROP fund results.
Privé Group sponsor record
2.59xEquity multiple (MOIC), realized and in-progress
29% IRRAverage, past decade
5M+ SFEntitled land
100+Accredited investors
Realized + in-progress
Vehicles and SPVs
Not fund results
Sponsor track record across Privé Group vehicles and SPVs, realized and in-progress. Not USDPROP fund results. Past performance does not guarantee future results.
Selected Privé Group projects
Sponsor track record across categories.
Developments, co-investments and managed assets shown as sponsor experience, not USDPROP fund assets.
Forum Aventura
Forum Park
900 Biscayne Bay
Aventura Harbor - Fendi Casa
Uptown Biscayne
Modera Edgewater
Aventura District
Flamingo Commons
Ocean Palm
Park Village
Mimco Center
Dania Beach Marina
Brightline Aventura Station
The Standard - Tulum
Hunu Char - Uco Valley
110 Biscayne
Palm Beach House
Privé Group developments, co-investments, and managed assets. Shown as sponsor experience, not USDPROP fund assets.
- 900 Biscayne Bay, 63-story luxury condo tower, Downtown Miami (1M+ SF); developer/equity, retained retail.
- Uptown Biscayne, 4.97-acre mixed-use assemblage, North Miami Beach.
- Aventura District / Modera Aventura, 5 acres, 400+ rental units (JV Mill Creek).
- NMB Station, 1.98-acre site with a 30-story height allowance.
- Forum Aventura, 250,000 SF, 10-story tower (Arquitectonica); Privé Group HQ.
- Forum Park, 14-story office-condo tower, Aventura.
- Flamingo Commons, 10-building Davie office campus (~194,457 SF, ~97% leased).
- Sandlake Tech Center, flex/office redevelopment, Orlando.
- Aventura Harbor (Fendi Casa), 125,000 SF, 15-story, 22 branded residences + boat slips.
- Modera Edgewater, 298-unit multifamily (JV Mill Creek).
- Ocean Palm, 44-unit luxury condo, Singer Island.
- Park Village (Reynolds Village), 108-unit mixed-use, Aventura.
- Key Biscayne, luxury single-family homes (the firm’s founding era).
- Hilton portfolio, Hampton Inn Fort Lauderdale Cruise North + managed Hilton hotels (Privé Hospitality Group).
- The Standard Hotel, Tulum, 280 condo-hotel units, 48 residences, 12 villas (with Inmobilia).
- Hunu Char, Lifestyle Hotel & Villas, Uco Valley, Argentina.
- Privé Land Banking, 5M+ SF entitled over 20+ years.
- Dania Beach Marina Complex, 2.7 acres, 225-vessel dry-storage marina.
- Mimco Center, boutique retail, MiMo Historic District, Miami.
- Brightline Aventura Station, conceived and proposed by Privé Group; opened January 2023.
- FDOT median reconstruction approval on Biscayne Blvd for direct project access.
Transformational projects
Turning vision into landmarks.
Brightline Aventura Station
Privé Group conceived and proposed the station to city and county authorities. The MOU with Florida East Coast Industries was signed in July 2019; the station opened in January 2023, the first new Brightline station after launch.
163rd and Biscayne Assemblage
5+ acres acquired for approximately $50M+ in an all-cash transaction, with a one-of-a-kind FDOT approval to reconstruct the Biscayne Blvd median, planned as a landmark mixed-use project intended to be among the tallest in Miami.
Fendi Casa, Aventura
Rezoned from a 5-unit / 5-story deed restriction to a 15-story, 22-unit approval after 18 months, plus U.S. Army Corps approval for 1,300+ linear feet of boat slips.
Built on
Polygon
ERC-3643
ONCHAINID
USDC
Trusted partners
Cyberscope
City National Bank
NAV Fund Services
STOK LAW
Hilton
Hyatt
Fendi Casa
The Standard
Arquitectonica
Mill Creek
Deloitte.
pwc
Cyberscope (smart-contract audit), City National Bank (banking & treasury), NAV Fund Services (fund administrator), and STOK LAW (securities counsel) serve the USDPROP fund. Remaining names reflect Privé Group’s development history. All partner names and marks are the property of their respective owners; wordmarks shown are illustrative and are not endorsements of USDPROP.
Investor FAQ
What eligible investors ask first.
Eligible investors only: U.S. accredited investors under Reg D 506(c) and non-U.S. persons under Reg S, after KYC/AML verification.
Subscriptions start from $10 in USDPROP once compliance approval is complete.
Net Asset Value is calculated quarterly by an independent administrator and published on-chain through the NAV oracle.
USDPROP is a restricted security under Reg D 506(c) / Reg S. NAV redemption windows and regulated secondary trading may provide liquidity where available. Liquidity is not guaranteed.
When income is available, distributions are paid in USDC to verified holders through the on-chain distributor.
Investors self-custody their own USDPROP tokens. Subscription proceeds and fund treasury are controlled through fund banking, administration and Safe multisig workflows.
Management and any performance fees, along with fund expenses, are disclosed in full in the PPM.
U.S. investors receive Schedule K-1s; non-U.S. investors complete W-8 forms. Consult your own tax advisor.
Join the USDPROP circle
Own institutional U.S. real estate. From $10. Fully on-chain.
Join 100+ accredited investors and family offices building wealth with Privé Group. Verify your eligibility and reserve your USDPROP allocation, NAV-backed and recorded on-chain.
USDPROP · One diversified fund · NAV-backed · Reg D 506(c) / Reg S · Eligible investors only