Lowenstein Sandler represented its client, VTS, in acquiring Rise Buildings, a Chicago-based startup that The Wall Street Journal describes as having developed a mobile app that enables companies to monitor employees’ movements and ensure they are complying with social distancing and other COVID-19-related health protocols.
VTS is a leading leasing, marketing, and asset platform for commercial real estate. Announcing the acquisition on the VTS website, founder Nick Romito says, “With this acquisition, landlords will be able to manage their portfolio-wide leasing, marketing, tenant experience, and building management activities from one platform. This will allow them to understand their portfolios and tenants at a level that’s never been possible before, provide COVID-compliant visitor and employee access, and best position them to renew existing tenants and sign leases in what will likely be a challenging market.”
This transaction marks the third acquisition in which Lowenstein has represented VTS; the firm also represented the company in its previous acquisitions of PropertyCapsule and Hightower.
The Lowenstein Sandler deal team was led by Anthony O. Pergola and Alex D. Leibowitz, with Juan B. Soto, Cecily Larison CIPP/US, Eric Jesse, Sophia Mokotoff, Megan Monson, Bryan Sterba, Latoya Bethune, and Carly S. Penner CIPP/US.
About Lowenstein Sandler LLP
Lowenstein Sandler is a national law firm with over 350 lawyers based in New York, Palo Alto, New Jersey, Utah, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.
