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Real estate startup accepted into business accelerator

Transaction management firm Reesio will receive $50,000, mentoring from high-profile investors

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Real estate transaction management company Reesio has been accepted into the 500 Startups Accelerator, a startup-incubation program run by big-name investors. The company's selection, disclosed to Inman News by Reesio, provides one of the latest indications that investors are increasingly eyeing the real estate technology space -- a sector that has attracted much attention since the successful initial public offerings of listings sites Zillow and Trulia. "I think Reesio's acceptance into 500 Startups, like Estately before it, shows that there is renewed interest in real estate amongst investors and as a vertical for entrepreneurs," said Joel Burslem of real estate consulting firm 1000watt. In addition to Estately, Happy Inspector, a company that participated in Real Estate Connect's Startup Alley in January, is a graduate of the program, as are commercial real estate companies CompStak and 42Floors. Reesio beat out somewhere close to 500 other applicants to win ...