Fifth Wall — the largest asset manager investing at the intersection of real estate and technology — closed out 2024 with the launch of its new Flagship Fund with brand new limited partner commitments including Lowe’s, Public Storage, Ryman Hospitality Properties, Federal Realty Investment Trust, Kite Realty Group, Titan Group, Independence Realty Trust, Riyadh Valley Co., Sidara and others, in addition to a number of major institutional investors.
Also, in December 2024, one of Fifth Wall’s largest investments to date, ServiceTitan, went public with a $9 billion market capitalization in the firm’s seventh IPO from its portfolio. On January 14, 2025, it was announced that CBRE, a long-time Fifth Wall investor, had acquired one of Fifth Wall’s first-ever portfolio companies in Industrious.
“I’m seeing a decisive positive momentum shift for proptech, punctuated by two significant Fifth Wall exits in the ServiceTitan IPO and the CBRE-Industrious acquisition, which inspired me to launch our next Flagship Fund,” said Brendan Wallace, CEO and chief investment officer, Fifth Wall. “Fifth Wall’s last Flagship Fund vintage was our firm’s most successful and was perfectly timed to secure exposure to many successful proptech companies like Aurora Solar, Procore, ServiceTitan, and Lessen.”
The new strategic investors that Fifth Wall welcomed into its consortium are joining the Firm’s 110+ existing strategic investors which include CBRE, Hilton, MGM, Equity Residential, Related, Starwood Capital, British Land, Lennar, Marriott, Digital Realty, Lineage and Hines, among others.
