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What Global Banks Look For to Invest in PropTech

Executives at Citigroup and Barclays say they are interested in proptech companies destined to scale.

From left: Ralph Rose and Allison Sedrish/ Photo by Betsy Kim From left: Ralph Rose and Allison Sedrish/ Photo by Betsy Kim

NEW YORK CITY—In its 2018 year-end report, CRETech stated $9.6 billion was invested in the commercial real estate tech sector that year. One session at the annual Catalyst event, organized by Honest Buildings and Convene, looked into why the largest global banks are investing in proptech.

Panelists Ralph Rose, managing director and COO global real estate at Citigroup Global Markets, and Allison Sedrish, director at Barclays Investment Bank and co-head of proptech coverage, said investment in proptech has been slower than fintech due to the industries’ needs and cultures.

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Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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