Why JLL is Investing in CRE Tech Start-Ups

Andrea Jang

JLL has plunged into the tech market by launching $100 million global venture fund JLL Spark. In the last nine months, the fund has invested in 11 start-up concepts, including Honest Buildings, Jones, Humble and Lively. At the CRETech Los Angeles conference this week, Andrea Jang, head of growth in the Americas at JLL Spark, spoke about JLL’s commitment to CRE tech investment to fuel the growth of technology in this industry and how start-ups should partner with a strategic VC. “We are bridging real estate and tech companies to help industries grow,” she said at the conference.

Jang highlighted four specific characteristics that tech start-ups should look for in a strategic venture fund that is a good fit for the business. The fund should “be hyper focused on growth, understand the business’s core clients and how those clients operate, understand the product, and be able to take a product and disperse it through a client’s organization.” She really emphasized that strategic venture capital funds should be a true partner with a start-up and position the start-up for expansion.