World Property Exchange Group, Inc. (WPE) will locate its global headquarters in Orlando in 2018 creating a projected 100 new, high-wage jobs in the next three years in the region. WPE is an emerging real estate fintech company with offices in New York City, Miami and Irvine, Ca. The company plans to locate, temporarily, at 111 North Orange Avenue, Suite 800 before selecting a permanent space.
Orlando's tech talent, business climate and amenities were all major factors in the company's decision. “Given the University of Central Florida's 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,” said Michael Gerrity, WPE's founder and CEO.
The company plans to hire 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.
"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 Orlando Economic 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.”
Other companies to recently locate or expand headquarters facilities in the Orlando region include Holiday Retirement, International Association of Amusement Parks and Attractions and the Institute of Internal Auditors.