Residential Real Estate News
World Property Markets, World Property Media to Commence Industry Joint-Venture Funding Rounds in 2025
Michael Gerrity, founder of Miami-based real estate technology developer World Property Ventures, announced this week two of its wholly owned subsidiary companies, World Property Markets and World Property Media, are each set to launch significant joint-venture funding rounds in early 2025 in partnership with the global property industry itself.
World Property Markets, which specializes in building next-generation real estate listings marketplaces and infrastructure, currently owns and operates Global Listings, the world's largest multiple listings engine with over 3.3 million property postings per month across 110 countries and growing. In addition, World Property Markets is currently developing World Property Search, a new AI-powered and multi-language capable global property listings search engine set to launch in late 2025.
World Property Media, on the other hand, focuses on global real estate information platforms, which includes market news, data, and streaming services. Its three subsidiaries include The World Property Journal, recognized by Google as the world's top-ranked 'international real estate news' platform; Property Signals, an emerging property markets signals intelligence and data streaming platform for real estate professionals worldwide; and WPC TV, an emerging global real estate news, lifestyle, educational and entertainment streaming platform.
Gerrity stated, "The time is ripe to fully embrace the potential of cutting-edge new technologies and innovative fresh 0-1 thinking. By leveraging AI, data, automation and scale, we aim to disrupt and transform both the global real estate industry's information and listings ecosystems -- making each vertical far more efficient, cost-effective and transparent for all market participants. Our two portfolio companies and their sub-assets are well positioned to lead the coming digitization of the global real estate economy."
Gerrity concluded, "The good news here is two-fold. First, we are not starting from scratch with these new platforms above as several are already globally operational. Second, we are not owned, controlled or bound by industry association's agendas, ideologies or rules. Therefore we can develop these next-generation real estate platforms and ecosystems without any bureaucracy, permission or approvals. Ultimately, our mission is really simple - 'build better mouse traps' - for a massive, yet highly archaic, fragmented, underserved and inefficient $380 trillion addressable global property marketplace, and create significant stakeholder value for all in the process."
