CBRE led the funding with $100 million of capital.
“Over the past two years, VTS has undergone a transformative evolution, shifting from a single-product company to a multi-product platform that serves every player in the ecosystem—from landlord to broker to tenant.
This infusion of capital lets us double down there, allowing our customers to offer a completely tailored property experience to their tenants across their entire portfolios,”, CEO of VTS, said in a news release. “We look forward to expanding upon our long-standing relationship with CBRE, which shares this same vision in providing their people and customer base with technology that delivers a modern, portfolio-driven experience across all asset types.” According to the release, the partnership will help VTS grow its platform, aiding in agency leasing and property management. In 2021, the platform executed over $31 billion of leases with over 2 billion square feet of assets added. BentallGreenOak, AmTrust, Brookfield Ventures and Insight Venture Partners were also involved in the funding. “VTS is one of the most highly successful proptech companies in the history of our sector. Their proprietary technology has redefined how industry professionals lease and manage space,”, president and CEO of CBRE, said in the release. “Our investment in VTS is consistent with our strategy of partnering with exceptional companies that bring powerful resources to our clients and our people. We look forward to helping VTS accelerate their growth and to working with them to create a differentiated technology platform for our brokers, building owners, and tenants.”Ryan Masiello , chief strategy officer of VTS, said in the release. “As the industry races to modernize the office experience, integrating property management and leasing has never been more important, and our partnership with CBRE is an example of that coming to life in a material way.”
Please follow us on Google to support us United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Save up to $1,300 on new Galaxy Z phones, get extra $100 gift card with Best Buy TotaltechGreat deal on Samsung Galaxy Z Fold 4 and Z Flip 4, with added bonus for Totaltech members!
Read more »
Burglars break into South Salt Lake pawn shop, steal several handgunsThe suspects took some jewelry first, valued at about $100, before making their way over to a showcase area where several handguns were displayed.
Read more »
Foldable camera drone deal: $100 best-seller is just $60 for Labor Day weekAmazon has a foldable camera drone deal that you really need to check out. This popular $100 model is on sale for just $59.99.
Read more »
Apple's 2021 iPad mini scores a huge $100 discount in all variants and colorsBest Buy has Apple's 2021-released iPad mini 6 powerhouse on sale at a substantial (and rare) $100 discount with and without 5G support for a presumably limited time only.
Read more »
Many underestimate their monthly subscription costs by at least $100, survey findsOn average, people misjudged their monthly subscription costs by $133, which is nearly $1,600 a year, according to a recent survey.
Read more »
2023 Mercedes-Benz EQS SUV Starts at $105,550 and Crests $133KMercedes-Benz's electric EQS SUV only costs $100 more than its sedan counterpart.
Read more »