Here's your daily dose of AI for CRE:
1) Custom, targeted AI tools for CRE applied to the right things (underwriting, leasing, building ops..etc) deliver massive and measurable ROI, BUT only when built with the right architecture and proper data security
2) Tech companies are shifting their lobbying $$ to state and local governments to influence decisions about where data centers get built, while community groups are pushing back
3) NOAL AI, a platform tackling underwriting and acquisitions, just launched to the public
4) Ascendix has launched the xRE AI Suite, a paid add-on for its AscendixRE CRM that lets brokers capture deal data from emails, query and update CRM records in plain English, generate client documents automatically, and access their CRM data directly through ChatGPT or Claude.
5) Despite companies consistently falling short of their AI cost-saving targets, 90% are still increasing their budgets
6) Chris Maguire, CEO of SRS Real Estate Partners, confirms they have built out a proprietary AI system that they are implementing across the country
7) Facilgo (AI maintenance and renovation platform) just announced FacilGo Concierge, designed to elevate property management beyond traditional maintenance software
8) As proptech races toward AI, Leevli going the opposite route and focusing on human experiences. They connect potential buyers and renters directly with verified current and former residents of the buildings they are considering.
9) The "we're falling behind on AI" panic is mostly noise. The firms that feel behind aren't behind, they're just discovering that implementation at enterprise scale is genuinely hard, and almost nobody has cracked it yet.
10) Very few have a clean way of measuring AI ROI yet. Think more revenue, more deals your team can analyze and close, more units one property manager can handle, time to produce an OM, BOV, or Investor report, time to abstract a lease...how can you manage spending and usage if you can't measure it???
11) Your employees are already self-serving AI, with or without IT's permission. The real C-suite question isn't whether to allow it, it's how to let people self-serve without blowing up security.
12) Operators don't want their property management software to get "more AI-enabled and more expensive." They want it simpler with a better API, so they can pull their own data out and build on top of it themselves -
@DallasAptGP