NEW YORK -- Investment dollars are flocking to real estate technology, and there are a few things companies can do to attract a piece of that pie. That's according to Chris Gough, managing director at investment banking firm GCA Savvian Advisors, who spoke at CEO Connect at the Inman Connect conference today. He represented dotloop when it was acquired by Zillow Group as well as ZipRealty when it was acquired by Realogy. There have been six years in a row of consistent outperformance and growth in the real estate tech sector and some funds have been increasing their real estate tech exposure (examples are RRE Ventures and Thrive Capital), according to Gough. "In 2016, we expect there will still be access to capital markets for $10 million to $2 billion deals," Gough said. "There are a lot of well-funded international portals and businesses that I could easily see looking into the U.S. market for stability," he added. He noted that 80 percent of the dollars that went i...
- We've seen six consecutive years of consistent outperformance and growth in the real estate tech sector.
- If you want to be acquired, don't be a one-trick pony.
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