VTS (formerly View The Space), a New York-based commercial real estate asset management and leasing platform, received a $3.3M strategic investment from real estate private equity funds managed by Blackstone (NYSE:BX).
The partnership will provide VTS with ongoing support and expertise from Blackstone’s Real Estate and Innovations teams. Blackstone also intends to migrate its office assets onto the VTS platform.
Led by Nick Romito, Co-Founder and CEO, and Ryan Masiello, Co-Founder and Chief Revenue Officer, VTS provides real estate owners and brokers with a technology platform to manage entire portfolios by tracking deal activity, identifying market trends and quantifying portfolio performance. The firm has 47 employees across 5 major markets.