PROPERTY SEARCH to Acquire Global Listings and World Property Journal Platforms
Recently formed Miami, Fla proptech startup PROPERTY SEARCH has entered into a definitive agreement to acquire whole ownership of Global Listings and The World Property Journal in 2024.
Recently formed Miami, Fla proptech startup PROPERTY SEARCH has entered into a definitive agreement to acquire whole ownership of Global Listings and The World Property Journal in 2024.
PROPERTY SEARCH is an emerging AI-powered global real estate listings search engine that is scheduled to launch late this year. The platform is being designed to more efficiently and intelligently connect real estate buyers, sellers, investors and renters worldwide in a cost-effective manner, in their native languages, currencies and measurement units.
PROPERTY SEARCH plans on using both Global Listings and The World Property Journal's massive global real estate data sets and proprietary global user engagement data over the last decade as the basic 'building blocks' upon which its new AI search engine will be built and trained.
Today, Global Listings is one of the world's largest and fastest growing consumer-facing real estate listings search platforms, with more than 3.5 million property postings per month from 110 different countries.
As part of the acquisition, The World Property Journal will provide correlated localized real estate news and market data (on a global scale) displayed against every listing searched on PROPERTY SEARCH's future AI-powered real estate search engine.
"We are excited to announce the coming merger of the world's top-ranked international real estate listings and news sites under PROPERTY SEARCH's future real estate search platform," said company founder and CEO Michael Gerrity.
Gerrity further commented, "By combining both companies' real estate listings, news and data on a single screen, we are building the future cloud-based 'Bloomberg Terminal' for the fast-growing informational needs of a global property industry with an addressable market value in excess of $300 trillion."
"As the real estate industry goes fully digital in the coming decade, the integration of these companies' capabilities under PROPERTY SEARCH's future real estate search engine will provide a consolidated 'information backbone' for the global property industry to leverage -- that does not exist today. This combined merger of 3 platforms represents an equation of 2 + 2 + 2 = 9. Effectively we are building the future 'GOOGLE of global real estate listings search'," concluded Gerrity.
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