New Technology Promises to Change Your Capital Planning

Riggs Kubiak Riggs Kubiak

Honest Buildings is promising to disrupt capital planning on construction projects with a new purpose-built technology platform specifically tailored to help owners better deploy capital and mitigate risk. The company recently completed its Series B funding, raising $30 million from a broad group of investors that included Brookfield Property Partners, Oxford Properties Group, The Durst Organization and DivcoWest Real Estate Investments. As part of the round, Ric Clark of Brookfield Property Partners, Michael Turner of Oxford Properties and Lisa Picard of Equity Office Properties, joined the firm’s board of directors. Honest Properties says that the platform will help institutional real estate owners more efficiently deploy capital and produce better risk-adjusted returns.

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