Real estate represents 17% of the country’s GDP and Softbank is planning accordingly

SoftBank doesn’t want to be called a kingmaker. At best, the Japanese telecommunications giant sees itself as a prince-maker that is using its $100 billion Vision Fund to back companies like WeWork, Compass, Katerra and others. But since real estate represents 17 percent of America’s GDP, SoftBank is planning accordingly, with an investment strategy that could be “at least somewhere around that size and scale,” according to Justin Wilson, an operating partner at the company. […]

source https://therealdeal.com/2018/07/20/real-estate-represents-17-of-the-countrys-gdp-and-softbank-is-planning-accordingly/