How does South Florida get real estate investors off the sidelines and interested in startups? Give them their own fund, rich with opportunity in real estate and construction technology.
In its mission to link innovation and Miami’s strongest industries, LAB Ventures, a venture building company that is part of the co-working pioneer LAB Miami, plans to raise a $50 million real estate fund, CEO Thomas “Tigre” Wenrich confirmed. It is expected to be backed by traditional real estate investors. The news was first reported by the South Florida Business Journal.