AREA, founded by members of real estate dynasty, is latest real estate tech accelerator

  • AREA is at least the third real estate startup accelerator to debut in the last year and a half.
  • Three members of the Rose family, a New York City real estate dynasty, are behind the venture.
  • Open house app Spacio is part of AREA's latest class, while BrokerlessNY belonged to a previous cohort.

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Here’s one sign investors are hot for real estate tech: A new real estate accelerator found and recruited one startup off social media. John Henry, program director of real estate tech accelerator AREA, said he’s “proactively sourcing” startups. He uncovered Spacio, an app designed to help agents milk open houses for more leads, by surfing Twitter.