PropTech firm forms JV with Morgan Properties
Wilshire Lane Capital, the California-based venture capital firm focused on the PropTech industry, announces a strategic partnership with Morgan Properties, one of the largest private multifamily owner in the United States, managing over $15 billion in assets and over 95,000 units. The rapidly growing PropTech (or Real Estate Tech) category has taken off with a record-breaking $32 billion of private investment flowing into the space in 2021.
“We are pleased to be an anchor investor and strategic partner in Wilshire Lane Capital’s newest fund,” said Jason Morgan, principal of Morgan Properties and president of Morgan Properties Special Situations. “Morgan Properties has always prided itself on being one of the most innovative multifamily owners in the country and this partnership will only bolster our ability to engage with and implement best-in-class technology solutions across our portfolio. Owners of real estate in all sectors who aren't leveraging technology are f