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Alternative Assets  + Real Estate  |  January 16, 2025
Fifth Wall Announces New PropTech Flagship Fund Launch
Joe Palmisano
By: Joe Palmisano

Fifth Wall Announces New PropTech Flagship Fund Launch

Fifth Wall concluded 2024 by launching its new Flagship Fund, securing commitments from new limited partners such as Lowe’s, Public Storage, Ryman Hospitality Properties, Federal Realty Investment Trust, Kite Realty Group, TITAN Group, Independence Realty Trust, Riyadh Valley Co., Sidara, among others, alongside several prominent institutional investors.

In December 2024, ServiceTitan, one of Fifth Wall’s most significant investments, went public with a market valuation of $9 billion, marking the firm’s seventh IPO from its portfolio. On January 14, it was revealed that CBRE, a longstanding investor in Fifth Wall, has acquired one of Fifth Wall’s inaugural portfolio firms, 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 CIO, Fifth Wall.

Fifth Wall kicked off its newest Flagship Fund, bringing in Limited Partner commitments from new and existing investors. The new strategic investors are joining the firm’s more than 110 existing strategic investors which include CBRE, Hilton, MGM, Equity Residential, Related, Starwood Capital, British Land, Lennar, Marriott, Digital Realty, Lineage, and Hines, amongst others.

Founded in Los Angeles and headquartered in NYC, Fifth Wall is the largest and most active investor in proptech, with approximately $3 billion in commitments and capital under management.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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