The World Property Exchange Group, Inc. (www.WPEgroup.com), a globally emerging real estate fintech company with offices in New York City, Miami and Irvine, California, announced Orlando will become the company’s future global headquarters location starting in early 2018.
The company plans to hire more than 100 people in the next three years, consisting mainly of computer coders, network engineers, data scientists, cyber security experts, economists, mathematicians and key corporate executives, as it builds and deploys the world’s first all-digital, patent-pending and government (SEC) regulated Real Estate Stock Exchange by the end of 2019. The company plans to deploy future real estate exchanges in key money center cities like London, Dubai, Hong Kong, Singapore and Tokyo in 2020 and beyond, all controlled and managed from WPE’s Orlando headquarters facility.
Company founder and CEO Michael Gerrity said, “Given Central Florida’s indigenous University of Central Florida tech, real estate, cyber security and banking software talent, coupled with the state of Florida’s zero corporate tax rates, lower cost of doing business and great quality of life, Orlando was the obvious choice to plant our company flag as the best place in the U.S. to build, grow and operate our global real estate investment platform.”
Governor Rick Scott said, “As Florida’s economy continues to grow, we are seeing more companies choose our state as the best place to grow. I welcome World Property Exchange and the 100 new jobs that they plan to create in Orlando. More than 1.4 million jobs have been created in Florida over the last seven years because of job creators like World Property Exchange and our relentless efforts to make Florida the number one place for jobs.”
"Orlando is a City where innovation, creativity and entrepreneurial spirit are some of the most abundant and valuable assets, and what I believe to be the foundation of our continued economic growth,” said Orlando Mayor Buddy Dyer. “The World Property Exchange Group's decision to invest in Orlando as the home of their global headquarters location is a testament to Orlando's strength as a hub for technology, innovation and dynamic economic development."
“I am excited for the future prospects of Central Florida’s emerging tech economy and what may become one of the most innovative and significant real estate fintech companies in the world in the coming decade,” said World Property Exchange’s newest Advisory Board member Rebecca York, UCF’s Director of the Dr. P. Phillips Real Estate Institute. “This is just the latest example of Central Florida’s ability to attract and grow cutting edge tech businesses to our market.”
The company has attracted other notable Central Florida business executives to its advisory board, including Al Weiss, the former President of World Wide Operations of Disney Parks and Resorts and veteran institutional real estate investor Jeff McFadden.
The company recently signed a short-term office lease in downtown Orlando and will be located at 111 North Orange Avenue, Suite 800 as it begins to grow and scale up both its staff and technology platform in Central Florida starting in 2018.
The Orlando Economic Partnership (the Partnership) assisted the company in its strategy to enter the Orlando market and provided market research as well as introductions to key business and education leaders.
“Orlando’s talent, reputation for innovation and outstanding quality of life is attracting companies like WPE to our every-growing market,” said the Partnership’s President and CEO Tim Giuliani. “We welcome the company to our region and are grateful for its contribution to our economy which will help boost our region’s prosperity.”
About the World Property Exchange
World Property Exchange Group, Inc. (WPE) is the developer, owner and operator of a series of globally emerging, patent-pending and government-regulated Digital Real Estate Stock Exchanges. Visit WPEgroup.com and WPE.com to learn more.
About the Orlando Economic Partnership
The Orlando Economic Partnership (the Partnership) works to provide the Orlando region with quality jobs, economic growth, broad-based prosperity and a sustainable quality of life. It is a not-for-profit, public/private partnership representing Central Florida's seven counties – Brevard, Lake, Orange, Osceola, Polk, Seminole and Volusia – as well as the City of Orlando. The Partnership was formed from the merger of the Central Florida Partnership and the Orlando Economic Development Commission. For more information, visit www.Orlando.org.