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 from top left: Rob Speyer, Brendan Wallace, Tal Kerret, Joe Beck, Scott Rechler and Tom Hennessy

Clockwise from top left: Rob Speyer, Brendan Wallace, Tal Kerret, Joe Beck, Scott Rechler and Tom Hennessy

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
    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
    Public transit’s role in the revival of urban office buildings
    Public transit’s role in the revival of urban office buildings
    Public transit’s role in the revival of urban office buildings
    Knock co-founders Tom Petry and Demetri Themelis (Photos via Knock)
    Knock, a CRM for landlords, raises $20M
    Knock, a CRM for landlords, raises $20M
    Spencer Rascoff (Photo via Getty, Spencer Rascoff, iStock)
    Spencer Rascoff goes for SPAC trifecta
    Spencer Rascoff goes for SPAC trifecta
    The Real Deal's E.B. Solomont
    Zillow’s $200-per-share pop, and $40M for 3D printed homes Inbox
    Zillow’s $200-per-share pop, and $40M for 3D printed homes Inbox
    Nativ co-founders Adam Kerr and Jeff Saul (Nativ, iStock)
    Proptech startup raises money to compete with Dealpath
    Proptech startup raises money to compete with Dealpath
    Matterport CEO RJ Pittman (Getty)
    Real estate VR tech firm Matterport to go public via SPAC
    Real estate VR tech firm Matterport to go public via SPAC
    arrow_forward_ios

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

    Loading...