A drop in demand for industrial space amid massive new product deliveries portends a potential glut of new product. Coupled with higher interest rates and worries about a recession, it’s forcing investors to rethink their acquisition strategies.
'Blackwells strongly opposes the cockamamie merger, and expects most other shareholders to do the same,' said the activist investor of the plan, which is backed by Schorsch's AR Global.
Investors in proptech companies are much more focused on value proposition and return on investment than they were before.