search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aCharles Cohen’s 750 Lex value slashed by 83%, foreclosure loomsCharles Cohen’s 750 Lex value slashed by 83%, foreclosure loomsLandlords call tentative deal “housing policy disaster”Landlords call tentative deal “housing policy disaster”Meridian’s Ralph Herzka gives rallying call, despite strugglesMeridian’s Ralph Herzka gives rallying call, despite struggles
Popular
National

Proptech News: What more startup consolidation means for CRE

TRD interviews RDM’s Peter Boritz and Building Engine’s Tim Curran

[video_embed][/video_embed]

Sign Up for the undefined Newsletter

In May, Real Data Management, one of the veteran players on New York’s commercial real estate technology scene, was acquired by Boston-based property-management software firm Building Engines. It was the latest sign of consolidation in CRE tech, a sector of real estate that is getting a lot of attention — and investor interest.

Building Engines’ acquisition of RDM is part of a series of moves it’s looking to make nationally, using private-equity capital to put together an integrated platform for commercial real estate users. Watch the video above to hear The Real Deal‘s Hiten Samtani interview the leaders of both companies on the perils of startups accepting too much money too soon and the evolution of CRE tech.

Tags
StartupsVideo