Landlords Back Ret Ventures To Find Property Technology Bets

by wealthmanagement.com posted 1month ago 13 views
Starwood Capital Group, Greystar and Invitation Homes Inc. are among those investing in the firm’s new $165 million fund. : (Bloomberg)—A group of landlords including Starwood Capital Group, Greystar, Cortland and real estate investment trusts such as Invitation Homes Inc. and Mid-America Apartment Communities Inc. have backed RET Ventures to make early-stage bets on property-technology startups. The Park City, Utah-based firm has raised a new $165 million fund and -- unlike many venture groups -- has no pension funds or endowments among its investors.

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