NEW YORK CITY—An investment group led by Bessemer VenturePartners and Fifth Wall Ventures has acquired a majority interestin WiredScore, which rates technological infrastructure incommercial properties. Deal terms were not disclosed; the salecompletes the formal divestment by Jared Kushner, who co-foundedthe company in 2013 and whose majority stake was reportedly valuedat between $5 million and $25 million. Kushner had served as anadvisor to WiredScore until assuming a position with the Trumpadministration earlier this year.

“Buildings are no longer just a protection against elements:they are a nexus of connectivity,” says Brendan Wallace, CEO andco-founder of Fifth Wall Ventures, a Los Angeles-based venturecapital firm that invests in real estate technology. “WiredScore isthe industry standard, providing the most dynamic measure for thatessential technological capacity.” The company's standard forevaluating connectivity, Wired Certification, has been employed forthe Empire State Building in New York City, the Willis Tower inChicago and the Shard in London, along with development projectsincluding Duo Tours in Paris and Hudson Yards on Manhattan's FarWest Side.