Side-by-side comparison of AI visibility scores, market position, and capabilities
$35M annual revenue Sep 2025; 400M+ sq ft managed; 700+ properties worldwide; $200M total funding ($50M Series D Oct 2023); 111 employees; 1.7M employees data via Leesman; tenant experience leader
HqO was founded in 2018 in Boston, Massachusetts, by Chase Garbarino and Greg Schu with the mission of transforming commercial real estate into a connected, experience-driven asset class. The company built a tenant experience platform that enables landlords and property managers to engage occupants through a branded mobile app, integrating building amenities, event programming, food and retail services, access control, and workplace analytics into a single digital layer across office, mixed-use, and retail properties.\n\nHqO's platform provides white-labeled mobile apps for property owners, combined with an underlying data and analytics layer that gives asset managers visibility into tenant engagement, space utilization, and amenity performance. Key features include mobile building access, event and programming management, food ordering, visitor management, and integrations with major building management systems and access control providers. The platform is used by leading REITs, institutional investors, and property managers to differentiate their portfolios in a competitive leasing environment where tenant experience has become a primary decision factor.\n\nHqO manages 400M+ square feet of commercial space across 700+ properties worldwide and has raised $200M in total funding, including a $50M Series D in October 2023. The company reported $35M in annual revenue as of September 2025. HqO's growth reflects the broader structural shift in commercial real estate toward experience-led leasing strategies, as landlords compete to retain and attract tenants in a hybrid work environment that has permanently raised occupant expectations for workplace amenity and digital connectivity.
Hybrid records storage and data center REIT with $6.1B FY2024 revenue; 5 GW data center target by 2030 from AI demand; 20%+ data center revenue growth; hyperscaler leases with Microsoft, Google.
Iron Mountain Incorporated is a global storage and information management services company that has evolved from a physical records storage business into a hybrid physical-and-digital infrastructure REIT, founded in 1951 by Herman Knaust in an abandoned iron ore mine in Livingston, New York, and now headquartered in Boston, Massachusetts, trading on NYSE (IRM). The company generated approximately $6.1 billion in revenues for FY2024 under CEO William Meaney, managing over 1,450 facilities across 60+ countries. Iron Mountain's physical Records Management segment—storing approximately 750 million cubic feet of physical records in its vast warehouse network and providing secure document destruction through Recall and SFG subsidiaries—generates highly predictable, recurring storage rental revenues from long-term contracts with corporations, healthcare providers, government agencies, and financial institutions obligated by regulatory retention requirements to preserve documents for decades.
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