There's a key point on the data-mining-cloud-only route Chamberlain is taking: they were acquired by Blackstone a couple years ago [1], so not "family owned" anymore [2].
No doubt they want to exploit that data and begin integration with all their shady Real State business [3].
Their new CTO/Executive VP says in one of their PR news: "With Blackstone’s partnership, we will capitalize on new market opportunities". And a Senior Management Director says "...unique opportunity to build on its leadership position at the center of housing and e-commerce megatrends (...) expansion into connected homes, businesses and communities" [4].
Very alarming in times that big owners are trying also to force biometric data collection in their buildings (see Atlantic Plaza Towers) or are blindly giving information to agencies (see Amazon Ring cameras and the likes).
Now, the rant:
Of course, with one hand the CEO is donating to buy his name in institutions: "There is a Stephen Schwarzman building at the New York Public Library, a Schwarzman centre at Yale University and the Schwarzman College of Computing in Massachusetts. Soon, the University of Oxford will open the Schwarzman Centre for the Humanities, funded by the largest single donation it has ever received." [5] and the other is receiving billions from universities like UC to speculate in real state [6].
One would say it's curious how Schwarzman creates a huge publicity stunt with "biggest single donation 'since the Renaissance'" (£150m) [7], but why would be important to donate to Oxford, when they have almost £8b in endowments... [8]
1: https://www.blackstone.com/news/press/the-duchossois-group-completes-saleof-chamberlain-group-to-blackstone/
2: https://www.wsj.com/articles/blackstone-to-buy-chamberlain-group-11631019601
3: https://www.theguardian.com/us-news/2019/mar/26/blackstone-group-accused-global-housing-crisis-un
4: https://www.prnewswire.com/news-releases/chamberlain-group-adds-top-tech-leader-dan-phillips-as-cto-to-accelerate-companys-technology-transformation-301744538.html
5: https://www.theguardian.com/business/2022/sep/29/blackstone-rebellion-how-one-country-worlds-biggest-commercial-landlord-denmark
6: https://www.latimes.com/business/story/2023-01-20/university-california-blackstone-real-estate-fund-housing-prices
7: https://www.theguardian.com/education/2019/jun/19/oxford-receive-biggest-single-donation-stephen-schwarzman
8: https://en.wikipedia.org/wiki/List_of_universities_in_the_United_Kingdom_by_endowment#Endowments_over_%C2%A31_billion