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.
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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).