Residential Real Estate News
World Property Ventures Builds the Future of Real Estate with New Funding Round
Michael Gerrity, founder and CEO of World Property Ventures, believes the global property industry is poised for a major transformation. In the coming decade, rapid advancements in artificial intelligence, the explosion of market data and signals, automation, industry consolidation and tokenization will disrupt the market in ways that few are prepared for.
Based in Miami, World Property Ventures is reshaping the role of global real estate developers by focusing on the 'digital landscape'. Gerrity compares WPV's approach to traditional developers who create shareholder value by building physical assets like office buildings, warehouses, and residential properties. "Just as traditional developers create shareholder value through physical real estate, WPV creates value by developing digital infrastructure and platforms to digitize the fragmented and archaic global real estate market," he explains.
One of WPV's flagship subsidiaries today is GLOBAL LISTINGS, the world's largest property listings platform, which currently hosts over 3.3 million active listings across 110 countries and continues to rapidly grow.
WPV is also developing several innovative new platforms in the coming years, including WPC.tv, a global real estate streaming service; WORLD PROPERTY SEARCH, an AI-driven property search engine; and WORLD PROPERTY EXCHANGE, a fully SEC-regulated digital real estate token exchange.
Looking forward, Gerrity envisions World Property Ventures becoming the "Berkshire Hathaway of real estate" within the next decade -- a global holding company with major investment stakes in leading high-growth real estate tech companies, marketplaces, token exchanges and digital real estate assets worldwide.
He adds, "In simple terms, the $654 trillion global property market is shifting from a highly fragmented, inefficient and analog industry into a fully automated, connected and digital ecosystem. Historically, periods of great industry disruptions bring new financial opportunities, often creating vast new fortunes for new market entrants while displacing most industry incumbents. This is why we founded World Property Ventures."
Later this year, the company plans to launch a new $100 million funding round to further accelerate its mission to digitize the global real estate sector.
Gerrity concludes, "The time is now to build -- without fear, favor or existing industry biases - the digital future of the world's largest asset class: Real Estate!"
