PropTech — the convergence of real estate and technology — has transitioned from a disruptive model challenging technological deficiencies in the well-established real estate industry to a complementary marketplace of tech start-ups and forward-looking real estate players receptive to innovations that are quickly transforming how real estate is owned and operated. Driven by a few key dynamics, the PropTech industry is undergoing a wave of consolidation that will usher in the next stage of growth for the industry. Goodwin partners Blake Liggio, a member of the Real Estate Industry group and PropTech practice, and John Haggerty, a member of the firm’s Public M&A/Corporate Governance practice, examine the trends, challenges and benefits to the wave of consolidation in the PropTech industry today, and forecast the continued pace of mergers and acquisitions in this co-authored article. Read the by-line in the Corporate Real Estate Journal here.
In The Press January 17, 2020