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Infrastructure Redefined: Digital Transformation in Real Estate
November 19, 2018 @ 6:30 pm - 8:30 pm
4th in a continuing series
Monday, November 19
6:30 pm reception, 7:00 program
Free for members, $10 for guests
The real estate industry is not typically viewed as a leader in technological transformation. However, the emerging field known as “PropTech” – which seeks to offer innovative tech-based products, models, and applications for real estate markets – is rapidly redefining the industry, and benefitted from $12 billion in venture investment in 2017 alone. Today, digitization is impacting an industry naturally characterized by brick and mortar in a multitude of ways. This panel will discuss the effect of these developments on different aspects of the industry, and ask: how is technology changing what we know about a space, and how we use it? How are computing as well as other technologies affecting decision making, investment criteria, use of office space, construction, ability to scale?
Richard Sarkis, Williams ’01, is CEO and co-founder of Reonomy, a commercial real estate data and analytics platform. Since the company’s founding in 2013, Sarkis has been instrumental in raising $68M in venture capital, and led Reonomy through a successful web platform launch in New York City, as well as the launch of a national platform in 2017.
Preston Presek is CEO and co-founder at Spacious, a work-share startup that repurposes restaurant off-hours to provide flexible workspace in NYC and San Francisco. Previously, Preston managed real estate investments at Fortress Investment Group, often dealing with atypical asset types, complex financial structures, and distressed or special situations. His deal portfolio includes well known hospitality brands such as Starwood, Intercontinental Hotels Group, Hilton, Taj, and Four Seasons. Preston earned his MS in Real Estate from NYU.
More panelists TBA
Moderator: Katrin Zimmermann, Managing Director, The Americas at TLGG Consulting.
Event Organizer: Charles Plaisimond, Williams ’07, Consultant at TLGG, Associate at Vicus Partners