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New York & Tri-State   /   April 7, 2021

Paul Bubny
By: Paul Bubny

GiGstreem Raises $50M to Deploy Multifamily WiFi in 15 U.S. Markets

New York City-based gigabit internet service provider GiGstreem has secured a $50-million investment from Crestline Investors to support its continued growth strategy in deploying its Ubiquitous WiFi platform to multifamily properties across 15 metropolitan areas nationally. Launched in 2017, GiGstreem currently operates in multiple East and West Coast markets providing services to commercial business, residential communities and apartment buildings.

“The pandemic has created a major shift in how people utilize their apartments, with millions of residents now accustomed to working from home on a regular basis,” said GiGstreem CEO Joel McIntyre. “As the importance of reliable web service has grown, it has exposed the capacity issues of traditional providers.”

A portfolio company of RET Ventures and LNC Partners, GiGstreem’s business development is aided in part by RET’s investor network, which includes many of the largest and most innovative multifamily and single family rental property owners/managers in the U.S.

Pictured: Hudson Yards in Manhattan, part of GiGstreem’s New York City portfolio.

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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