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OPEN - PropTech SPACs: Not Just For The Rich And Famous
Opendoor Technologies Inc
iREIT on Alpha is happy to be introducing coverage of the special purpose acquisition company (SPAC) vehicle.
We are limiting coverage to PropTech, that is, the use of technology to drive efficiencies in real estate, ultimately leading to improved asset returns, reduced friction, and greater transparency.
As such, real estate investors who are seeking alpha may be wise to open a portfolio allocation into PropTech.