Real Estate News
World Property Markets, World Property Media to Commence Large Funding Rounds
Michael Gerrity, the founder of Miami-based World Property Ventures (WPV), announced that WPV's two wholly-owned portfolio companies, World Property Markets and World Property Media, are independently launching large $300 million funding rounds this fall.
World Property Markets focuses on property listings search platforms and currently oversees three subsidiaries: Global Listings, the world's largest international property listings search site with over 3.4 million monthly property postings in 110 countries; World Property Search; and Better MLS, two emerging listings search platforms.
Meanwhile, World Property Media specializes in global real estate information business, including market news, data, and signals intelligence. It also manages three subsidiaries: The World Property Journal, the top-ranked international real estate news site according to Google, WPC TV, a forthcoming streaming platform, and Property Signals, a live data streaming service.
Gerrity remarked, "The time has truly come to start fully harnessing new enabling technologies and 'outside the box' innovative new thinking -- especially in the use of AI, data, automation and scale -- to disrupt, rebuild and greatly improve the efficiency, cost, speed and transparency of the global real estate ecosystem for all market participants. Our two portfolio companies are well-positioned to lead this transformational change in the $350 trillion global property market."
Gerrity further commented, "At their core, these companies will ultimately index, map, organize, and democratize the world's real estate information and listings data for the benefit of all. We're talking about funding and building AI-powered global information search platforms on the scale of the future 'Google of Real Estate.'"
