Waterton invests in RET Ventures Fund II
Waterton has made a strategic investment in RET Ventures Fund II, an oversubscribed $165 million fund recently closed by RET Ventures, an industry-backed venture capital firm focused on technologies for the multifamily, single-family rental/homebuilding and broader real estate asset classes.
“This commitment marks a continuation of Waterton’s long-term investment in innovation and technology,” said David Schwartz, Waterton CEO and chairman. “We believe that cultivating innovation is an important way to ensure our industry continues to grow and evolve. Over the past several years, Waterton has been looking at various venture capital investments in an effort to add value to our business and enhance the vetting of the best and most relevant tech available in the market today.”
Waterton selected RET Ventures for this investment due to its focus on the RentTech sector of PropTech. Waterton was already evaluating a variety of these RentTech services in the market