Bad Credit? No Savings? Unconventional (Maybe Risky) Ways to Buy a Home
New York Times
Some consumer groups worry that buyers may not fully grasp what they’re giving up in these agreements, especially those offered by for-profit companies.
Latest Trends and Insights in Real Estate Technology
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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Step up and support the Climate Crisis Challenge
Property Week
As Julie Hirigoyen, chief executive of UKGBC and keynote speaker at CREtech London in April, points out, the real estate industry is responsible for 25% of total UK emissions and 40% globally.
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VC Brendan Wallace of Fifth Wall isn’t quite ready to invest in the metaverse
TechCrunch
Almost exactly two years ago, we talked with Brendan Wallace, the co-founder of the property- and real estate tech-focused venture firm Fifth Wall, about a trip from which he’d just returned. His visit had been to Singapore, where he described scenes of masks and social distancing and explained that, out of an abundance of caution, he was planning to stay inside his home in Venice, California for 14 days before returning to the office….
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Funnel Raises $36M Series B to Help Apartment Operators Stop Managing Renters with Property Management Software
Funnel Leasing
Funnel Leasing, the only renter-centric leasing platform, today announced the completion of a $36.5-million Series B raise that will transform the residential leasing process for multifamily operators. The preemptive round was led by RET Ventures, a leading PropTech-focused VC firm and existing Funnel investor. They were joined by Camden Property Trust and Morgan Properties, two of the country’s largest owners of multifamily properties, as well as Wilshire Lane Capital, Trinity Ventures and Camb…
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Real Estate Crowdfunder Raises $118M In Series B Funding
Bisnow
The act, co-authored by Groundfloor co-founder Nick Bhargava, allowed small businesses to fundraise up to $75M from nonaccredited investors
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Groundfloor steps up its real estate debt crowdfunding platform with fresh capital
TechCrunch
Crowdfunding has become an increasingly popular way for companies to raise capital, and investors are taking notice. Groundfloor, the first real estate crowdfunding platform to gain regulatory approval, announced today that it raised its first round of institutional capital since 2015.
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Big Tech Makes a Big Bet: Offices Are Still the Future
New York Times
Even as they allow some employees to change how often they come into the office, tech companies are rapidly buying and leasing properties around the country.
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Real Estate “disruptor” cuts staff by 28 percent
The Real Deal
Homie, the real estate industry disrupter selling properties in Utah, Arizona, Colorado, Idaho and Nevada, laid off 119 employees this week — 28 percent of its staff — claiming it was struggling in a market bereft of supply.
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Facilio, which develops AI-powered property management software, nabs $35M
VentureBeat
As the pandemic-induced demand for real estate accelerates, large property managers are boosting their investments in digital technologies to help manage their various buildings. Even pre-pandemic, 95% of real estate companies had someone responsible for running point on digital transformation and innovation efforts, according to a 2019 KPMG survey. Most cited the need for improved efficiencies, cost reduction, enhanced decision-making, and better asset management….
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How the CRE Tech Market is Evolving in Asia Pacific, Part 3
CREtech
Raja Seetharaman, Co-founder of propstack, speaks to how technology is transforming the historically opaque nature of the real estate market in Asia Pacific to become much more transparent, and how this will benefit owners, operators, and tech companies.
