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In theory, commercial real estate companies are eager to embracethe advantages that technology have to offer. In reality, there canbe a fundamental disconnect in the relationship between a proptechfirm and a real estate company–namely a lack of understanding onthe part of young company founders when it comes to decision-makingprocesses in the real estate sector.

“Regulations, IT security and documentation requirements,combined with a myriad of prescribed processes, all create anobstacle course for startups which hinders cooperation withestablished real estate companies,” said Jörn Stobbe, ChiefOperating Officer and managing director of Union Investment RealEstate GmbH, who surveyed 100 global proptech companies on thesubject.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.