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Property Startup Cadre Plans Fund to Buy in Slump

  • Fund will initially target several hundred million dollars
  • New York startup has invested in standalone properties so far
Photographer: Jeenah Moon/Bloomberg

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Real estate technology startup Cadre is planning to launch a new fund to seize on property-market opportunities that arise from the economic downturn in the wake of the coronavirus pandemic, according to people with knowledge of the matter.