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CBRE Group, Inc. is a Founding Anchor Investor in Fifth Wall Ventures Management, LLC

Venture Capital Fund to Back New Technologies for the Built Environment

LOS ANGELES–May 02, 2017–CBRE Group, Inc. (NYSE: CBG) today announced that the company is a founding anchor investor in Fifth Wall Ventures Management, LLC (Fifth Wall Ventures), the first significant venture capital fund entirely focused on backing promising new technologies for the built environment.

The fund closed with $212 million of capital commitments, with CBRE as the only real estate services company invested in the fund. Other Fifth Wall Ventures anchor investors include key industry players such as Equity Residential, Host Hotels, Hines, Lennar, Macerich and Prologis.

“Our active engagement in Fifth Wall Ventures will provide early insight into companies and technologies that have the potential to enhance our ability to deliver great outcomes for our clients,” said Chandra Dhandapani, CBRE’s Chief Digital & Technology Officer. “This is one vehicle, among several, that CBRE will use to identify emerging technologies, connect with top talent, build strategic partnerships and make investments that will create further competitive advantages for our clients and our company.”

“CBRE understands technology, talent and venture investing,” said Brendan Wallace, co-founder of Fifth Wall Ventures. “They moved quickly to engage with another founding investor to lead the negotiations to help establish our venture fund. Their early sponsorship of VTS/Hightower and acquisition of Floored, a top-tier innovator, impressed our team. They are also the largest, most profitable full-service commercial real estate firm in the world. With talent and scale advantage, CBRE is a perfect partner for our fund and for the companies that we invest in.”

To learn more about Fifth Wall Ventures go HERE.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.