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Jeff Corn discusses Virtuance's recent acquisition by Diakrit and the growing importance of digital assets in real estate - HousingWire

Reported by Finledger
Apr 6, 2022· 3 min read
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Key Takeaways
  • • Denver-based Virtuance, a leading U.S. provider of real estate photography, virtual tours, and digital marketing assets, was acquired by global real estate marketing firm Diakrit, creating one of the world's largest providers of visual real estate content.
  • • Virtuance generates revenue from two primary customer segments: listing agents and brokerages (60% of business) and institutional real estate owners and managers including iBuyers, hedge funds, and large REITs (40% of business), with marquee clients including Blackstone, Orchard, and Zillow.
  • • The combined entity positions itself to serve institutional real estate players requiring consistency, scale, and fully automated marketing solutions across photography, videography, drone imagery, virtual tours, listing websites, and social media integrations.
  • • The acquisition reflects market recognition that digital asset generation and visual marketing have become essential infrastructure in real estate, particularly following pandemic-driven acceleration of virtual property tours and digital-first marketing.
  • • Diakrit's expansion into the U.S. market through Virtuance's acquisition enables the global platform to build integrated capabilities across geographies, combining Diakrit's international presence with Virtuance's established domestic market position and institutional client relationships.
Summary
Virtuance, one of the largest U.S.-based providers of real estate photography and virtual tour services, announced its acquisition by Diakrit, a global real estate marketing firm, marking a consolidation of digital asset generation capabilities across markets. The acquisition brings together two leaders previously operating on different sides of the Atlantic to create a unified platform serving institutional and agent-based real estate marketing needs.

According to Jeff Corn, co-founder and CEO of Virtuance, the company provides visual marketing assets spanning photography, virtual tours, drone imagery, videography, listing websites, and social media integrations. These services address the complete digital marketing requirements for listing agents and institutional property owners seeking to market assets effectively and at scale. Virtuance's service portfolio targets both individual real estate professionals and large-scale institutional players requiring standardized, automated marketing solutions.

The company's revenue composition reflects a diversified client base. Approximately 60% of Virtuance's business derives from listing agents, brokerages, and real estate teams. The remaining 40% comes from institutional real estate owners and managers, including iBuyers, large institutional real estate holders, and hedge funds. Corn identified specific institutional clients including Blackstone, Orchard, and Zillow, illustrating Virtuance's embedded position within the institutional real estate ecosystem. These clients require absolute consistency in property marketing across portfolios, delivered through fully automated, scalable systems.

Diakrit's acquisition of Virtuance represents a strategic expansion into the U.S. market, combining the acquirer's international platform with Virtuance's established domestic presence and institutional client relationships. The deal capitalizes on structural demand for digital asset infrastructure in real estate, accelerated by pandemic-driven adoption of virtual property tours and digital-first marketing channels. The combined entity positions itself as a comprehensive provider of visual marketing content and digital asset services to institutional and agent-based real estate stakeholders globally.

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Finledger Jeff Corn discusses Virtuance's recent acquisition by Diakrit and the growing importance of digital assets in real estate - HousingWire