Detroit officials say they’ve filed the “largest blight lawsuit in its history” against a blockchain-based real estate platform after it failed to maintain hundreds of residential properties in the city.

Subscribe to the Detroit Evening Report on Apple Podcasts, Spotify, NPR.org or wherever you get your podcasts.

Real Token, also known as RealT, is a Florida-based company that markets itself as a decentralized real estate security token platform. In the lawsuit, the city alleges that the company’s co-founders, brothers Remy Jacobson and Jean-Marc Jacobson — and their 165 affiliated companies — have neglected over 400 properties in Detroit by failing to maintain basic health and safety requirements, leading to widespread code violations and blight.

Detroit’s Corporation Counsel Conrad Mallet says the city wants them to pay $500,000 in blight tickets and ensure their properties pass compliance inspections.  

“We are also asking the judge to hold the Jacobson brothers personally liable for the circumstances that their tenants find themselves,” he said. “We are also asking the judge to take control of the entire process so that even the vacant properties are properly attended to [and] properly registered.”

Mallet says Real token used a complex web of shell companies to avoid responsibility for keeping up their properties.  

Real Token says it paid their parties to manage the properties and blamed them for the problems.  

“We are sending a message,” Mallet wrote in a statement, “no matter how innovative your business model may be, you cannot hide behind technology or corporate formalities to evade your responsibilities as a property owner.”

Other headlines for Thursday, July 3, 2025:

• More than 6,000 signatures have been collected by the group Dearborn Wants Wards to change the city council from an at-large body to district-based seats.
• The Michigan House has passed two bills that give police the ability to test for controlled substances during traffic stops.
• AAA says it expects almost 2.5 million people in Michigan to travel this Fourth of July weekend. State officials say they are suspending roadwork at more than 100 project sites over the holiday weekend to help ease traffic congestion.

Do you have a community story we should tell? Let us know in an email at detroiteveningreport@wdet.org.

After decades of steady decline, Detroit’s population is finally growing. Latest data from the U.S. Census Bureau shows Detroit increased its population by 6,800 residents from 2023 to 2024.

And even more people seem to be moving to Detroit’s neighboring suburbs, with many housing investments being made in recent years in the city’s outer suburban ring and nearby “exurbs” like Lyon, Milford and Commerce townships.

Ro Harvard, a realtor with Island Realty — an affiliate of Keller Williams Realty — joined on The Metro on Thursday to shine some light on the inner workings of Detroit’s housing scene, and what types of amenities and priorities draw buyers to certain communities — from school districts and walkability to affordability and property values.

Use the media player above to hear the full conversation.

Listen to The Metro weekdays from 10 a.m. to noon ET on 101.9 FM and streaming on-demand.

More stories from The Metro