Activist Investor Pressures Proptech Firm SmartRent to Pursue Sale
CREtech
Thanks for keeping up with the CREtech Community in the News! For more news about members of the CREtech Community, follow us on Linkedin. Land & Buildings Investment Management, an investor in proptech firm SmartRent, is urging the company to explore a sale, according to SeekingAlpha. SmartRent’s shares have plummeted 80% from their 2021 highs, and the company is failing to meet growth targets, prompting Land & Buildings’ Chief Investment Officer Jonathan Litt to suggest “strategic…
