The definitive real estate SPAC tracker

TRD’s guide to every blank-check firm circling real estate tech

National /
Feb.February 19, 2021 09:00 AM
Clockwise left: Sam Zell, Spencer Rascoff, David Simon, and Russell Galbut (Getty, Simon Property Group, Galbut by Sonya Revell)

Clockwise left: Sam Zell, Spencer Rascoff, David Simon, and Russell Galbut (Getty, Simon Property Group, Galbut by Sonya Revell)

Blink and you’ll miss a new SPAC.

With billions of dollars flowing into blank-check firms, a growing number of real estate players are targeting proptech.

As an alternative to the traditional IPO, special-purpose acquisition companies made a comeback last year with 248 blank-check firms going public, raising $83 billion, according to SPACInsider.

This year is shaping up to be even bigger for SPACs.

Along with names like Bill Ackman, Alec Gores and Chamath Palihapitiya, New York landlords including Tishman Speyer, RXR Realty and Silverstein Properties’ Tal Kerret have launched SPACs. So has Zillow co-founder Spencer Rascoff (with three blank-check firms, at last count) and Fifth Wall Ventures, the proptech VC with $1.3 billion in committed capital and a $347 million SPAC.

Here’s a full list of real estate sponsors and their targets.

Kevin Sun contributed to this report.





    Related Articles

    arrow_forward_ios
    Robert Reffkin (Getty)
    Compass lost $270M in 2020, revenue up 56% : IPO filing
    Compass lost $270M in 2020, revenue up 56% : IPO filing
    Photo illustration of CoStar Group CEO Andrew Florance (iStock, Getty/Illustration by Kevin Rebong for The Real Deal)
    CoStar ups its bid to acquire CoreLogic
    CoStar ups its bid to acquire CoreLogic
    Richard Lampen and Howard Lorber (Vector Group)
    Calling all founders: Howard Lorber’s Vector Group launches VC arm
    Calling all founders: Howard Lorber’s Vector Group launches VC arm
    The Real Deal's E.B. Solomont
    Airbnb’s first earnings, behind CBRE’s $200M bet on Industrious
    Airbnb’s first earnings, behind CBRE’s $200M bet on Industrious
    Airbnb CEO Brian Chesky (Getty)
    Airbnb’s losses balloon to $4.6B in 2020
    Airbnb’s losses balloon to $4.6B in 2020
    Compass CEO Robert Reffkin and KVS Title  CEO David Kanstoroom. (KVS, Getty)
    Compass acquires DC-area title firm
    Compass acquires DC-area title firm
    From left: Fifth Wall’s Brendan Wallace, Tishman Speyer’s Rob Speyer, Social Capital’s Chamath Palihapitiya, Cantor Fitzgerald’s Howard Lutnick, Pershing Square Capital’s Bill Ackman and Opendoor’s Eric Wu
    Making sense of the SPACe race
    Making sense of the SPACe race
    The Real Deal's E.B. Solomont
    Redfin, CoreLogic and CoStar’s love triangle
    Redfin, CoreLogic and CoStar’s love triangle
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...