Real estate has traditionally been resistant to change, for many reasons. Infrequent, large transactions, heavy (and locally varied) regulation, strong asset class performance, and market fragmentation all made it difficult to disrupt. But venture capital investment in the space has grown 10x in the past 8 years and the internet’s massive impact is coming to real estate. Online and mobile experiences are coming, there are still few startups, the market conditions have changed, and all the holdout industries around real estate like financial services are already seeing significant disruption.
total US real estate assets.
of real estate managed by RRE portfolio company VTS.
new apartment buildings in the US using Latch.