Investment In Real Estate Tech Companies Up 607% Year Over Year (But Only If You Count The We Company)
April 22, 2019 | Dees Stribling | Bisnow National
Investor eagerness to put money into real estate tech companies reached new highs during the first quarter of 2019, according to a new report by CRETech.
Global investment in real estate tech companies spiked by 607% from Q1 2018 to Q1 2019 to $9.9B, the largest gain in real estate tech history, the report says.
Much of the gain, however, was the result of investment in coworking giant The We Company by Japanese investor SoftBank, which the report records as $6B during Q1. Most of that total — $4B — had been announced before the beginning of the quarter.
