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New York & Tri-State  + Office  |  March 4, 2022
Commercial real estate professionals surveyed by NAIOP expect unfavorable conditions over the next 12 months
Ted Jackson
By: Ted Jackson

Proptech VTS in $150M CIBC Arranged Syndicated Loan

CIBC Innovation Banking has arranged a $150 million syndicated loan facility for New York-based commercial real estate proptech VTS, CIBC announced.

VTS, whose leasing and asset management software allows landlords to track leases, properties and tenants on a single platform, will draw down on the loan facility in order to finance investments in its strategic product roadmap, M&A, and global market expansion. The VTS platform is used by over 45,000 brokers and asset managers around the globe to manage over 12 billion square feet of commercial property.

Investors in VTS include Insight Partners, OpenView, Trinity and Bessemer Venture Partners, among others. Users of VTS platforms include Brookfield Properties, Blackstone, Oxford Properties, JLL and many more. 

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About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.
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