Real Estate News
World Property Ventures to Acquire Global Listings and World Property Journal Platforms
Recently formed Miami, Fla proptech startup World Property Ventures has entered into a definitive agreement to acquire whole ownership of Global Listings and The World Property Journal in 2024.
Today, Global Listings is one of the world's largest and fastest growing consumer-facing real estate listings search platforms, with more than 3.5 million property postings per month from 110 different countries.
As part of the acquisition, The World Property Journal will become a wholly owned subsidiary of World Property Ventures (aka 'WPV').
According to the company, World Property Ventures calls itself a global real estate developer -- but in the 'digital realm' of real estate.
Company founder Michael Gerrity says, "Much as 'brick and mortar' real estate developers create significant shareholder value by building physical assets -- Office buildings, Warehouses, Retail, Apartments, Homes, Condos, etc -- World Property Ventures creates shareholder value by building digital assets for the highly analog, archaic and fragmented $300 trillion-dollar addressable global real estate industry."
World Property Ventures says it focuses on three global digital development themes:
- Digital Infrastructure - A.I. powered real estate Marketplaces, Search Engines, MLSs and Exchanges
- Information Platforms - Real Estate News, Data, Ontology and Signals Intelligence Platforms
- Transaction Services - Real Estate Tokenization, Dynamic Pricing, Digital Mortgages and Transaction Management Services
Gerrity further commented, "As the real estate industry goes fully digital in the coming decade, the integration of these two companies in World Property Ventures growing portfolio of proptech companies will one day provide the information backbone, data streams and transaction plumbing needed for the A.I.-powered digital real estate economy of tomorrow -- that does not exist today. This combined merger of these platforms represents an equation of 2 + 2 = 5."
"Effectively we are building the future 'Berkshire Hathaway' of the global real estate industry - the parent company to a growing group of dominant property technology companies and platforms that are poised to create significant shareholder value for WPV in the coming years", concluded Gerrity.
