Real Estate is an industry that largely lags many other sectors due to many of the structural issues that have existed for generations. MGI Pacific feels strongly that disruptive innovation is inevitable and that many different points of the real estate value chain are vulnerable to disruption including architecture, construction, procruement, sales, marketing, and property management. As such, MGI Pacific will invest into companies with value propositions that are in line with some of the in-house market intelligence on the sector and where it is heading. As of now, these are private investments made on an opportunistic basis however the firm may consider a more structured VC fund model focused on the sector if there was interest from the MGI Pacific's investors and limited partners.