Innovators operating within the intersection of technology, finance, and real estate are exploiting new opportunities and creating cutting-edge solutions for issues affecting all players in the real estate sector at a rapid pace.
Proptech is positioned to disrupt the way we buy, sell, finance, and manage property, creating a more streamlined experience for businesses, investors, landlords, tenants, and consumers. However, such opportunities and accelerated growth also come with inherent risks and challenges. In addition, technological advances can outpace current laws and regulations and may expose companies to data privacy and other issues that negatively impact business operations.
Our dedicated Proptech team encompasses a multidisciplinary team of attorneys who help clients navigate this area of emerging technology at every step of the journey. We deliver smart solutions to start-ups and long-established real estate companies alike, drawing on our experience in venture capital and emerging growth companies, blockchain technologies, information technology/intellectual property, real estate, bankruptcy, data privacy and protection, and numerous other areas of focus. McCarter has the industry prowess to help businesses avoid, or mitigate the risks associated with, stumbling blocks and capitalize on the opportunities that proptech can yield.
Our work has involved:
- Representing clients regarding using new mechanisms in technology to streamline their real estate finance matters, including utilization of new financing mechanisms empowered by blockchain, smart contracts tokenization financing alternatives
- Representing a company that invests in multifamily and mixed-use properties in forming its first multi-million-dollar venture fund to invest in proptech deals
- Representing a high-end residential developer in debt, equity, and tokenization financing transactions to enable greater leverage and more rapid scale
- Representing disparate fintech companies developing alternative processes and procedures in real estate leasing transactions, including use of biometric technologies, blockchain, insurance technologies (insuretech), and others to create more efficient marketplaces to increase revenue, reduce costs, improve productivity, and reduce friction in real estate transactions
- Handling patent protection matters for an online real estate database company
- Negotiating leases covering more than 64,000 square feet of space in New York’s SoHo neighborhood and Midtown Manhattan to help a shared office space company expand its services to more tenants in the New York office marketplace
- Representing investors in a smart cities tech company that has significant real estate implications
- Leading a seminar on Smart Cities for Disruptive Technologists in New York City