“Over the past 30 years, the commercial real estate industry has quietly transformed from a “mom-and-pop” industry to an institutional asset class where owners manage complex and global portfolios. Institutional investors rarely used to invest in real estate. But with the rise of new investment structures and global commercial real estate investors, real estate now represents nearly 10 percent of institutional investment portfolios, or $6.7 trillion.”
This article states the case, the reality is this adoption of newer CRE Tech Tools won’t happen in earnest until the Millennial Generation begins to take over upper management of these CRE Companies. The Average Joe Street Broker only wants the low hanging fruit and where their next deal is coming from. The rest is for the back office folks to deal with.