MIAMI–(BUSINESS WIRE)–January 13, 2014–
World Property Exchange, Inc. (www.WPE.co), the emerging global online real estate marketplace, through its parent company World Property Ventures, Inc., has kicked-off its accredited investor expansion funding round as of January 2014.
The company plans to use these proceeds to fund its current operations and intended global expansion into major financial hub cities around the world.
World Property Exchange’s global property marketplace is planned for launch in Q4, 2014 and will be searchable by multiple property asset and debt categories, transaction types, and in multiple languages and currencies.
Company founder and CEO Michael Gerrity commented, “According to the IMF, the global property industry is a $6.1 trillion annual transaction market, yet it is extremely fragmented, disjointed and archaic in many countries. As a result, we look forward to enjoying significant growth over the coming years by consolidating the worldwide property industry on to a single homogeneous and cloud-based information platform.”
The company has raised several million dollars in prior early-stage funding rounds, and currently enjoys a top-tier Board of Advisors and shareholders that includes Mr. Al Weiss, the former global president of all Walt Disney World’s theme parks and resort operations worldwide.
Gerrity further commented, “According to Ernst & Young, the world’s middle-class population will grow significantly in the coming decade by over 300%, with much of that economic growth occurring outside the U.S. We look forward to bringing a Wall Street sophistication to these massive emerging residential, commercial and vacation property markets around the world which lack the proper real estate information infrastructure to make more informed purchase, sale, lease or investment decisions.”
About World Property Exchange, Inc.
World Property Exchange is a subsidiary of World Property Ventures, a developer, owner and operator of symbiotic information platforms that includes World Property Channel. World Property Channel is already operational, globally branded, and currently the #1 organically ranked “Global Real Estate News” site worldwide by Google (www.WorldPropertyChannel.com).
David Pearson Associates, Miami, Fla.
David Pearson, 1-305-798-8446