Like you said, people could buy a stake in a property and get dividends from the profits derived from the property.
How would Bitcoin enable this better than fiat currency? The utility you're speaking of isn't possible only through bitcoin or blockchain technology.
Tokenizing individual properties would make them much more liquid than a traditional LP interest. And would facilitate diversified RE investment by retail investors. Basically, taking the concept of a publicly traded REIT and applying it to individual properties. A promising concept which has yet to be executed.