“$200 million is no problem for Mr. Sekiguchi,” said billionaire real estate developer Takeshi Sekiguchi, speaking of himself in the third person about his investment in SRE Matrix, which is a discount brokerage that he founded in 2014. SRE stands for “Smart Real Estate.” A company spokesperson confirmed that Sekiguchi has poured an additional $100 million into SRE, which purportedly brings its total funding — all provided by Sekiguchi — to $200 million.
- SRE, a high-tech discount brokerage, has secured another $100 million in funding from a billionaire who is SRE's sole investor, bringing his funding of SRE to $200 million.
- SRE, which currently operates in Hawaii and San Diego, plans to launch a national listing search portal in the first quarter of 2017 and intends to provide brokerage services in all 50 states.
- The firm is looking for brokerages to buy or partner with.
- SRE pockets 1 percent of a home's sales price for representing a buyer or seller and advises sellers to offer 1 percent to buyer's brokers.
EMBRACE. FOCUS. EXECUTE. Build your 2019 roadmap to success with 4,000+ real estate leaders.
Inman Connect New York | January 29 - February 1, 2019