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Photo of Arie Barendrecht Barendrecht: “Investors, developers and building owners who are here to compete are certainly taking note.”

NEW YORK CITY—An investment group led by Bessemer Venture Partners and Fifth Wall Ventures has acquired a majority interest in WiredScore, which rates technological infrastructure in commercial properties. Deal terms were not disclosed; the sale completes the formal divestment by Jared Kushner, who co-founded the company in 2013 and whose majority stake was reportedly valued at between $5 million and $25 million. Kushner had served as an advisor to WiredScore until assuming a position with the Trump administration earlier this year.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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