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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  • Hometap Raises $100M in Funding

    FINSMES

    Hometap, a Boston, MA-based provider of a smart, new loan alternative for tapping into home equity without taking on debt, secured $100m in new financing. Backers included Iconiq Capital, and current investors General Catalyst, G20, Pillar and American Family Ventures, the venture arm of AmFam Insurance. The company intends to use the funds to continue its nationwide expansion, and grow its cross-functional team. Led by Jeffrey Glass, CEO, Hometap enables homeowners to access a percentage of the…

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  • How One Company Used AI to Buy a $57M Apartment

    GLOBEST

    As one of Atlanta’s most affluent submarkets, Roswell can be a good choice for apartment investors. Atlanta itself is the 10th largest metro economy in the US and Roswell boasts a steady population growth, a lower unemployment rate and higher median income per capita when compared to the US average. But such fundamentals were not enough for one investor as it weighed whether to buy a 396-unit, garden style apartment complex there. So this Atlanta-based company partnered with Skyline AI to make u…

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  • Managed by Q founder is battling in bidding war for his company

    THEREALDEAL

    Eight months after selling his office-services firm to WeWork for $220 million, Dan Teran is raising money to buy Managed by Q back at a fraction of the price. But another interested bidder is threatening his successful takeover. Eden, a San Francisco-based startup and one of Managed by Q’s biggest competitors, has bid on the sale of the company, people familiar with the matter told The Real Deal. According to those involved, Teran and Eden both put in bids to WeWork two months ago, but talks ha…

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  • RealPage Buys Investor Management Services

    FINSMES

    RealPage, Inc. (NASDAQ:RP), a Richardson, Texas-based global provider of software and data analytics to the real estate industry, acquired Investor Management Services, a provider of an Investor Relationship Management (IRM) platform.  The amount of the deal was not disclosed. The combination of IMS with the RealPage AIM platform will service nearly 600 general partners supporting nearly 90,000 limited partners. Upon completion of the acquisition, RealPage plans to incorporate IMS into AIM and m…

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  • Goldman Sachs Agrees To $1.75B WeWork Credit Line For SoftBank

    BISNOW

    Investment banking titan Goldman Sachs has agreed to arrange a $1.75B line of credit for WeWork, Bloomberg reports. SoftBank is listed as the primary borrower in the deal, reportedly so that Goldman can sell the loan to potential partners as a safer bet. WeWork is named as a co-borrower. The credit would replace $1.1B worth of previous loans, one of which had terms onerous enough to place WeWork at risk of running out of money before SoftBank stepped in with a $9.5B bailout package in November t…

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  • In the Airbnb Era, Apartment Landlords Are the New Hoteliers

    WSJ

    Property owners once saw short-term rental listing sites like Airbnb Inc. as a threat. Now, some are embracing them. Startups like Sonder Corp., Domio Inc. and Lyric Hospitality Inc. typically lease blocks of furnished apartments on the same floor or even entire buildings under long-term deals. Then they turn around and rent them out to travelers for stays of a few weeks or as short as one night. These apartment operators aim to appeal to travelers who prefer larger accommodations than a standar…

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  • Real Capital Analytics Acquires Datscha

    MYNEWSDESK

    The Swedish real estate technology firm Datscha joins property data provider Real Capital Analytics (RCA) in one of the largest European PropTech transactions of 2019. Combining Datscha’s technological skills in linking complex public and private datasets with RCA’s global reach across North America, Europe and Asia-Pacific will lead to increased market transparency and will deliver innovative and intelligent solutions to the real estate market.

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  • Cherre and SafeGraph Partner to Integrate Geospatial Data into Cherre’s Award Winning AI Platform

    PRNEWSWIRE

    Cherre, the NYC-based real estate data and analytics platform, today announced a new data partnership with SafeGraph, a data-focused company powering innovation through open access to geospatial data. Cherre will integrate SafeGraph’s Point-of-Interest (POI), geometry, and pattern data into its platform, enabling mutual customers to incorporate industry-leading geospatial data. SafeGraph’s unique technical approach includes ingesting data from thousands of sources, such as government data, web c…

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  • Why Car-Free Streets Will Soon Be the Norm

    CITYLAB

    When asked what they like most about a city they have visited, almost no one answers: “The cars whizzing by on the streets.” Cultural attractions, the people we meet, walking through the city and gazing at plazas, buildings, and places—these are the things that make a city unique. What if there was a way to get more of what we all like and less of the noise and congestion we don’t? Many cities are working towards that goal, by closing major streets to traffic and opening them up to people.

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  • Tech Takeaways

    URBANLAND

    Jennifer Bradley, founding director of the Aspen Institute Center for Urban Innovation, an international think tank that advocates for a values-led approach to piloting and implementing urban technologies. “I’m a big digital city skeptic. I think of it as more of a marketing term, a way that cities seek to distinguish themselves from other cities,” Bradley says. Technology that makes cities more efficient, resilient, and collaborative has advanced to the point where using digital tools is just a…

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