Fifth Wall managing partner Brad Greiwe says tokenization is 'the most interesting thing we think about. ': Fifth Wall Ventures has a pretty narrow investment thesis. It invests exclusively in startups focused on real estate technology across sectors such as hospitality, retail, and construction. The firm, which launched last year, raised $212 million for its debut fund from a star-studded roster of investors, including CBRE, Prologis, Hines, Lennar, Host Hotels & Resorts, Equity Residential and Macerich Properties. Just last month, it held a first close on its second real estate tech fund, which has a target of $400 million.