Fifth Wall has closed out 2024 with the launch of its new Flagship Fund with new LP commitments including Lowe's, Public Storage, Ryman Hospitality Properties, Federal Realty Investment Trust, Kite Realty Group, TITAN Group, Independence Realty Trust, Riyadh Valley Co., Sidara and many others, in addition to a number of major institutional investors.
Also, in December 2024, one of Fifth Wall's largest investments to date, ServiceTitan, went public with a $9 billion market capitalization in the firm's seventh IPO from its portfolio. And on January 14th, it was announced that CBRE, a long-time Fifth Wall investor, had acquired one of Fifth Wall's first-ever portfolio companies in 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's last Flagsh