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Real Estate Technology

The WCAS Perspective on Real Estate Technology

The build economy, comprised of the commercial and residential real estate and construction markets, makes up the largest industry/asset class in the world at ~$25 trillion globally. However, despite its size and importance, it significantly lags other industries with respect to software adoption and digitization of data.
15%
of the industry has undergone digital transformations​.1
$38B
of greenhouse gas emissions are attributable to buildings.2
2 %
of revenue is spent on technology.1

Looking ahead, real estate developers, owners and operators must navigate this evolving landscape while adapting to new considerations, including environmental impact and sustainability regulations. These changes have heightened the demand for informed decision-making and the automation of complex workflows through data and software.

Real Estate Technology Themes We're Excited To Invest Behind

1
The growth of e-commerce, altering the retail landscape
2
Fundamental change in how office space is utilized for white-collar work
3
Utilization of software and technology for enhanced tenant experiences
4
The need for improved technology solutions across the construction tech stack, including vertical-specific workflows and integration with on-site/field service workers.
5
The growing need to measure environmental impact and meet sustainability goals

We look forward to partnering with market-leading businesses, entrepreneurs and executives who share our vision of driving change in the real estate market through technological innovation.

Recent Relevant Experience

Green Street

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Christopher J. Hooper

Kevin Gordon

Houston Cowan

Ellie Gozigian

Christopher J. Hooper

General Partner | Technology

Christopher Hooper is a General Partner and a member of WCAS’s Management Committee, which partners with high-quality management teams to grow industry-leading technology platforms. Chris originally joined WCAS in 2005 as an Associate in the firm’s New York City office and rejoined in 2017 as a General Partner to establish the firm’s San Francisco office.

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Kevin Gordon

Principal | Technology

Kevin Gordon is a Principal in the Technology Group at WCAS. Having joined the firm in 2018, he spends most of his time focused on software investments in the supply chain, real estate and construction verticals.

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Houston Cowan

Associate | Technology

Prior to joining WCAS, Houston worked in Technology, Media and Telecommunications M&A at LionTree Advisors. While at LionTree, Houston worked on both public and private transactions, ranging from working with founder-owned businesses to MGM’s sale to Amazon.

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Ellie Gozigian

Associate | Technology

Ellie Gozigian joined WCAS in the summer of 2024.

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Sources: [1] McKinsey & Company Proptech Sector Landscape (Summer/Fall 2021) [2] IEA and the UN Environment Programme, 2020 Global Status Report.

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