home > faq
Frequently Asked Questions Why did Constellation come together? As leaders in their respective property sectors, the Members of Constellation recognize the challenges and opportunities presented by the increasing impact of technology on the real estate industry. Through collaboration, and by aggregating their purchasing power, customer relationships and market knowledge, Constellation’s Members believe that more powerful technology solutions can be nurtured and created for their benefit, and for the benefit of the entire real estate marketplace.
What is Constellation's business strategy? With the sponsorship of the leading real estate companies from a wide range of property type sectors, Constellation is uniquely positioned to pursue real estate-related technology initiatives and opportunities. By leveraging the combined market presence, strength, and domain expertise of its Members, Constellation brings unique insight to its investment decisions and unsurpassed strategic value to its portfolio companies. Constellation seeks to:
| (1) | | share technology knowledge and best practices among its Members; | | (2) | | discern best-of-breed technologies and enterprises in numerous strategic sectors; | | (3) | | invest capital in best-of-breed companies where appropriate; | | (4) | | sponsor and incubate real estate-related technology enterprises; and | | (5) | | act as an opportunistic consolidator. |
What are Constellation’s Investment Criteria (See our Portfolio Companies) Constellation seeks technologies and companies at all stages of development that will enhance the performance of its Members’ businesses and which address a strategic need in the broad real estate market by: - lowering headcount and/or raising productivity;
- reducing cycle time;
- increasing revenue;
- lowering costs;
- increasing customer satisfaction;
- producing better strategic decisions; or
- enhancing collaboration.
Specific areas of strategic priority include: - Procurement
- Transaction platforms
- Energy management and curtailment
- Broadband
- Yield and revenue optimization
- Property and facilities management
- Research and data
- Customer experience
How is Constellation governed? Constellation has a permanent management team, and both a Board of Directors and a Management Committee comprised of representatives from its Members. The Board is responsible for making strategic decisions. The Management Committee is empowered to approve certain investment/divestiture decisions.
How is Constellation managed? (See What We Do) The management of Constellation is overseen by Peter Shepard, Executive Director. The company is headquartered in Denver, Colorado.
| 
