Bridging the Gap Between Tech, CRE
In a podcast interview, JLL Spark’s Mihir Shah discusses how real estate companies can improve their operations through targeted investment in technology startups.
By Sanyu Kyeyune
Mihir Shah is co-CEO of JLL Spark, a division that JLL launched last year to deepen the companies proptech capabilities. JLL Spark plans to invest as much as $100 million in tech startups within the commercial real estate space.
Since launching in June, the fund has invested in six companies, among them Skyline AI, Jones and Dealpath. According to Shah, a key consideration is, “Can we clearly help the startup grow? If we don’t see that, then we don’t invest.”
In this podcast interview, Shah discusses trends occurring within proptech, the challenges clients face in implementing these technologies into their operations and the efficiencies that real estate companies can achieve through a targeted digital innovation strategy.