The images coming in from Houston are just mind blowing. I been talking to a whole lot of people and wanted to say to Bob, Sam, Rene, Shawn, Mario and Cindy we are all thinking about you and everyone else at HAR. Be safe.
Real Estate Tech is Hot!
Plus many great real estate cos not mentioned: @CloudCMA @realscout @realtyshares @lendinghome @PeerStreet @Roofstock @TheHomeShare @Sonder https://t.co/thYJ9k1LgJ
— Paul Levine (@plevine) August 27, 2017
The article from TechCrunch by Joanna Glasner mentioned in Paul’s tweet does a good job of putting in to perspective whey so much capital is being put in to our industry. A few interesting tidbits…
“Rising interest in real estate deals comes amid a period of generally rising property and rental prices, as well as cultural and demographic shifts that are altering longstanding patterns of household formation. There’s also a sense among investors that real estate, despite being the world’s largest asset class, has historically been slow to embrace change.”
You think?
“Sure, there have already been some multi-billion-dollar businesses like Zillow and Redfin that brought online, mobile and data analysis capabilities to the industry. But real estate VCs believe that it’s still very early innings.
“still very early innings”
“Real estate investments can deliver big returns, too. After a string of lackluster technology IPOs, tech-focused real estate brokerage Redfin reversed the trend with big first-day gains and sustained aftermarket performance. Zillow, which went public in 2011, has also been a big hit with investors, maintaining a market cap of more than $7 billion despite a history of steep losses.
For those looking for liquidity, it’s also worth noting that the real estate industry knows a thing or two about generating returns. After all, before it was co-opted by venture capitalists, the word exit usually applied to real estate.”
Love that last sentence.
