Commercial Real Estate News
PROPSIG Tech Startup Acquired by World Property Data
Miami-based World Property Data, a newly formed division of World Property Ventures, has recently acquired full ownership of the real estate data startup PROPSIG and its associated project, PROPERTY ONTOLOGY.
Set to launch in the coming year, PROPSIG (also known as PROPERTY SIGNALS) is currently developing a global platform that focuses on real-time property markets' data, analytics, signals intelligence, financial modeling and simulation services.
Michael Gerrity, CEO and founder of World Property Ventures, expressed enthusiasm about the acquisition, stating, "We are thrilled about developing our new AI-powered data streaming and signals intelligence platform, all designed to serve the fast growing informational needs of the massive $350 trillion addressable global property industry."
Gerrity further added, "Once launched, PROPSIG's primary goal is to equip over 50+ million real estate professionals and businesses worldwide with the proper market data, signals and AI-powered simulation tools to make more informed transaction decisions on a global scale. Our platform will offer a significant asymmetric informational edge in tracking local and global property markets (and capital markets) movements, demand, trends and price discovery, all in real time."
"Think of PROPSIG as the future digital 'Bloomberg Terminal' for the global property industry", concluded Gerrity.
