Real Estate Firms Might Not Understand Blockchain, But That Won’t Stop Them Investing In It

2018 was the year PropTech went mainstream: According to a new survey, a majority of real estate companies around the world with assets of more than $250M (£193M) are now directly investing in at least one PropTech firm.

Brokers like JLL and CBRE are investing in PropTech companies and investors like Brookfield and Oxford Properties have set up specific divisions to make investments in companies in the sector. And according to Altus’ latest CRE Innovation Report, 53% of investors with more than $250M of assets are directly investing in PropTech. The report surveyed 400 senior real estate executives across the world.