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Blackstone and Brookfield join AI real estate tech ventures
The deals underscore a shift toward AI-native proptech, with 2025 venture funding hitting $16.7 billion, up 68% year-over-year, according to CRETI.
Commercial Observer reports that major commercial real estate firms are building artificial intelligence capabilities in-house or through large joint ventures, as investors and landlords seek more efficient ways to run core workflows such as portfolio management and underwriting.
On May 4, Anthropic announced a $1.5 billion joint venture with financial leaders including Blackstone and Goldman Sachs, originally called the Claude Partner Network and renamed Ode, which will customize AI solutions and provide customer support to select clients, according to the outlet.
That same day, OpenAI said it launched a $10 billion OpenAI Deployment Company with TPG, Brookfield, Bain Capital, Advent, SoftBank, and Dragoneer, focused on real estate portfolio companies.
Commercial Observer also points to proptech funding data from the Center for Real Estate Technology and Innovation, saying venture capital investment in proptech reached $16.7 billion in 2025, a 68% increase from the prior year, and that AI-native companies captured $4.5 billion of that total, growing their share of proptech VC dollars by 42% year-over-year.