The Print, Vol. 203
Blueprint: The Future of Real Estate
Real estate industry tech event and digital platform, driving value for founders, VCs, and progressive industry players
Welcome to The Print, Blueprint's weekly curation of the most important things going on in real estate and construction technology. We hope our newsletter will keep you informed as we shine a light on the newest innovations and opportunities that exist in the built world.
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QUICK HITS
Home prices have been rising faster than incomes, which can be a problem for homeowners because as the value of a home rises, so does the cost to maintain it. (CNBC)
Department stores are bleeding customers, and landlords no longer view them as magnets for shoppers. The surviving operators are making big moves in hopes of turning things around. (WSJ)
San Francisco has become the first city to ban the sale or use of revenue management software that deploys algorithms to set multifamily rents or management occupancy levels. (Globe St.)
"By embracing the shift to a more campus-like workplace experience, landlords have a unique opportunity to capitalize on the evolving nature of work," writes VTS CEO Nick Romito. (Commercial Observer)
Debt plays a critical role for some real estate tech companies, writes Mike DelPrete. For those companies saddled with debt, it can limit their ability to invest for future growth. (Mike DP)
Architects traditionally have not spent big on new gadgetry or software, but that might be changing as efficiency becomes more important. (Commercial Observer)
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BLUEPRINT'S EARLY STAGE STARTUP SHOWCASE
Submit your startup to be featured at the Blueprint Vegas 2024 Early Stage Startup Showcase! Six cutting-edge early-stage startups will be chosen by LAB Ventures and 75 & Sunny Ventures from the Real Estate and Construction sectors to showcase their startups and pitch their solutions in front of a panel of investor judges and the Blueprint audience. Deadline to Submit: Friday, August 16th.
Click here to learn more and apply.
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RAISES, BUILDS AND TEARDOWNS
Bilt Rewards, the nation's largest loyalty program for renters, has raised an additional $150M in funding. (Press Release)
GovWell, a workflow system for governments that helps automate and streamline building permits and code, has raised a $4.5M seed round. (Techcrunch)
Marriott International will prioritize conversion projects over new construction as part of its updated growth strategy, according to the company's CEO. (Construction Dive)
Thumbtack, the home improvement tech company, has announced $75M in new financing. (Press Release)
reAlpha Tech, a real estate technology company developing and commercializing artificial intelligence, has acquired 85% of title company Hyperfast Title. (Press Release)
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