As pandemic-challenged apartment landlords scrambled to cut costs, SmartRent CEO Lucas Haldeman’s phone lit up.
The flexible office giant WeWork is the latest real estate company to use a special purpose acquisition company to go public. The wave of real estate companies turning to SPACs is growing, such as with Cushman & Wakefield, RXR Realty, Simon Property Group, Tishman Speyer, Opendoor, and Matterport, among others.
ICG Hypersonic Acquisition, a blank check company formed by Island Capital Group targeting real estate technology, filed on Wednesday with the SEC to raise up to $250 million in an initial public offering.
CBRE, the world’s largest real estate services firm, has formed a blank-check company, called CBRE Acquisition Holdings.
A Toronto-based company is set to become the first cannabis operation to transition to the real estate investment trust (REIT) model.
Opendoor’s new SPAC deal is just the next way tech disrupts traditional industries — and profits from it. This time, the target is real estate.