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RXR Realty raising Real Estate tech fund

RXR joins the frenzy

CEO Scott Rechler (Credit: RXR Realty)

RXR Realty is getting in on the tech frenzy. They are raising a $50 million real estate tech fund that will invest in PropTech startups. Bloomberg was the first to report the news.

Why it matters: CEO Scott Rechler explained that RXR started this fund because of missed opportunities. He believes the company is now well positioned to invest in this hot space.

Be Smart: The most qualified decision makers for solid proptech investments are those with first-hand knowledge of problems the industry faces. As long as they are technologically literate, they are uniquely positioned to pick winners.

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