Authors: Daniel Dart, Kasey Mann, Daniel Fetner, Ryan Freedman, I. Introduction Environmental, Social, Governance (ESG) has been a buzz term across the real estate industry for years, but the emphasis on ESG accelerated in 2020 when the COVID-19 pandemic and widespread social justice protests put an additional spotlight on each of these…

Authors: Brian Downs, Daniel Fetner & Ryan Freedman We’re excited to announce the start of our latest Field Study: Rent Collections and Evictions Solutions for Landlords. At Alpaca, we are always exploring tech-focused solutions that alleviate major pain points and inefficiencies in the built world. In this instance, we’re looking…

Alpaca and CRETI partner to deliver PropCo data, analytics and funding figures for the first time We’re excited to share what we’ve been working on behind-the-scenes in partnership with the Center for Real Estate Technology & Innovation (CRETI), the PropTech think tank and research center. …

The Alpaca team has not been shy about our views on the large, untapped opportunity in “PropCo” land. In short, we believe that the next frontier of real estate investment focuses on capitalizing the real estate necessary for PropTech companies to advance their business strategies. We’ve written extensively about the…

Authors: Adam Sofen, Daniel Fetner & Ryan Freedman This post is part of an ongoing series by Alpaca exploring the next generation of real estate and the opportunity we see ahead. New to the series? Start here to read the previous posts. You’ve already learned why PropCo-OpCo structures are increasingly…

Authors: Daniel Fetner, Ryan Freedman & Adam Donahue In our last piece, we examined two distinct approaches to sourcing and executing PropCo investment strategies. In the second approach, we start with a high-conviction real estate thesis. Next, we begin to layer in OpCo technologies in conjunction with expanding our portfolio…

Authors: Diana Tian, Justin Crist Lee, Daniel Fetner, Ryan Freedman An Untapped Opportunity As a team, we have been propelled to spend more time understanding the construction technology space. Construction makes up 13% of worldwide GDP. There is over $10T in annual spending. And the sector employs 7.5% of the…

Authors: Daniel Fetner, Ryan Freedman, Adam Donahue There are two main constructs in which we think about PropCo investments. We’ve dedicated a substantial amount of time to the first avenue, explained below: Bottoms-Up Approach: source and underwrite from a subset of startups that have either a) preemptively bifurcated their capital…

Authors: Daniel Fetner, Ryan Freedman, Rhea Advani At Alpaca, we have been keenly following the EV infrastructure space and have documented our thesis in our Future of Mobility Field Study. In short, we believe there will be a paradigm shift from conventional vehicles to electric vehicles. …