Monday, July 25, 2022

Fifth Wall Raises $500M For Climate Fund

Los Angeles-based real estate technology venture investor Fifth Wall has raised $500M in a new, climate fund, aimed at decarbonizing the global real estate market. The company said last week that the Climate Fund's LPs include BBVA, British Land, Camden Property Trust, CBRE, Cosan, The Durst Organization, Equity Residential, Hilton, Host Hotels & Resorts, Hudson Pacific Properties, Invitation Homes, Ivanhoe Cambridge, Kimco Realty Corp., Lineage Ventures, MGM Resorts, NZ Super Fund, Osgoode Properties and UDR. The company is looking at such areas as renewable energy, energy storage, smart buildings, software, hardware, and carbon sequestration.