In 2016, CRE-tech companies set a new record in both deals and dollars, with private real estate start-ups raising $2.6 billion across 235 deals, according to CB Insights. In 2017 this trend continues to outperform market expectations.
As the speed and accessibility of real estate investment increases, so does its dependency on technology. CRE-tech continues to transform the way we acquire, manage and use commercial real estate. From property management, portfolio management and property accounting to research, crowdfunding and analytics, brokers, investors, owners and buyers, these new technology platforms are impacting every aspect of real estate investment.
With this comes a host of regulatory and compliance questions for both CRE-tech start-ups and their users. BPM’s Technology, Financial Services, and Real Estate Experts have formed an interdisciplinary CRE-Tech Practice to go beyond tax and assurance to advise on issues relating to: private and public financings, compliance under the JOBS Act, internal control and risk assurance, M&A and due diligence transaction assistance, and more. The goal is to provide Real Estate Industry expertise, in the emerging technology landscape.
As Real Estate is one of the largest industry groups within BPM, we see many CRE-Tech platforms being adopted by our clients. From our Technology industry group, we see that our CRE-Tech clients are increasingly interested in professionals that understand the Real Estate landscape and have real appreciation for the disruption being provided.
Our combined experience uniquely positions us to advise platforms, investors, entrepreneurs, developers and operators in the CRE-tech industry. We effectively meet the needs of clients at every stage of development and look forward to helping the next generation of companies succeed in the global marketplace.