The rise of PropTech along with advances in technology is creating a new wave of real estate startups that are disrupting the industry. Goodwin has recently launched a PropTech practice, which brings together the firm’s expertise in real estate and technology to address clients’ needs in this growing hybrid sector.
“Our real estate clients recognize that technology is fundamentally changing how properties are designed, built, and managed, while our technology clients are at the vanguard of product development that is attractive to real estate owners, investors, and developers. We are excited to be at the forefront of this emerging and vibrant sector.” - Minta Kay, Chair of Goodwin’s Real Estate Industry group.
“As part of the wider digital transformation, venture investors have shown their interest in real estate technology and PropTech companies by deploying over $1.7 billion into the market in 2017, a 70% growth from 2016.” - Salil Gandhi, partner in Goodwin’s Technology group.
Also in this week’s Flash: