Alate has made two initial investments, Lane and ParkWhiz. Lane's platform enables more effective communication and interaction between commercial landlords and their tenants. Current customers includes Dream, Brookfield, and Colliers.

ParkWhiz is a smart parking solution that connects parking lot operators and managers with drivers to find, book, and pay for parking through its app, website, and distribution partners. The software has parked millions of vehicles in approximately 230 cities across North America.

“We really want building investors, owners and property managers to have the best software to efficiently do their job,” Cooper tells GlobeSt.com. “We want them to have the built-in infrastructure so that checking-in on an iPad when a building visitor arrives will instantly notify the tenant. Brokers should be able to efficiently track when leases are expiring and at some point, property managers should be able to get rid of access cards and employees enter using an app on their phone. Tenants will also be able to simply take a picture of a problem and send it, via software, to the property manager who will then transmit the info to a maintenance worker.”

Incubated through a partnership between Canadian real estate company, Dream Unlimited and early stage venture firm Relay Ventures, Alate focuses on technology companies that enhance how commercial, residential, and industrial real estate is designed, built, and managed.