NEW YORK CITY—In its 2018 year-end report, CRETech stated $9.6 billion was invested in the commercial real estate tech sector that year. One session at the annual Catalyst event, organized by Honest Buildings and Convene, looked into why the largest global banks are investing in proptech.
Panelists Ralph Rose, managing director and COO global real estate at Citigroup Global Markets, and Allison Sedrish, director at Barclays Investment Bank and co-head of proptech coverage, said investment in proptech has been slower than fintech due to the industries' needs and cultures.
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