Investing Where Tech Meets Real Estate
Disruption underway
Real estate is the largest asset class in the world. But the real estate industry has not historically been known for innovation. As a global owner and operator, we’ve experienced firsthand the pain points facing our industry and the need to be on the forefront of what’s next. So, what happens when real estate and technology collide?
Transforming our business with an investment in tomorrow
Today, our industry is in the early stages of a profound technology disruption, one that is driving massive structural changes. Proptech is transforming our business at every level to better meet the needs of our customers. From design and construction to property management and leasing, these technologies are changing how we interact with built spaces, making them better places to live, work, and play.
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Our investments to date
At Tishman Speyer, we've led the industry in identifying, adopting, and scaling new technologies.
Today, we have an integrated, end-to-end proptech investment platform encompassing early-stage venture and later-stage SPAC executions. We have invested early, backing nearly 20 fast-growth companies in the real estate technology space.
Entering the SPAC business
After watching the sector mature in recent years, Tishman Speyer was the first major real estate owner to launch a Special Purpose Acquisition Company (“SPAC”) business to partner with late-stage proptech companies ready for the public markets. Since then we have created two companies, TS Innovation Acquisitions Corp. (“TSIA”) which successfully merged with Latch, and Tishman Speyer Innovation Corp II (“TSIB”) which aims to identify and make an investment in another proptech company.
A true partner
We partner with companies for their long-term success, and have a dedicated portfolio management function for our proptech investments focused on delivering on our partnership and creating value, from day one onward. A great example is our longstanding partnership with Latch. Latch’s beautiful smart locks and world class building management and access control software improve the daily experience for customers living in our spaces. We have been a customer of Latch’s for years and we were also an early investor. When Latch was ready to become a public company, they chose to go public through our SPAC. We are not just an investor, but also a highly strategic partner. In the future, we look forward to helping Latch expand globally and to adopting their technology in our commercial buildings.
Uniquely positioned as both investor and user
We are also excited to support other leading proptech companies where we have longstanding customer and investor relationships. Companies like VTS, a commercial leasing software that streamlines our property management function and improves our customers’ leasing experience. And OpenSpace, a machine vision AI software for construction that improves the efficiency of the construction process and increases safety on the job site.
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OpenSpace
Embracing disruption
Tishman Speyer has been on the forefront of our industry as an innovator and industry megaphone. By embracing the disruption embodied by technology, we have transformed our approach to real estate and helped to improve the industry as a whole.
