Too many Crypto project related to Real Estate and a lot of them were either abandoned or unsuccessful. I hope the team behind this project are well prepared to the challenges ahead.
I don't know the concrete reason for the failing of the other projects, but we have analyzed many Real-Estate ICOs and the problem with many project seemed to be: They have offered investment in properties in several countries. And that is very complicated! investing in real estate demands a good understanding of the legal situation around doing business in a country. Furthermore you need a deep understanding of the economic situation of the country. That's why we concentrate on the country that we know and were we live.