Does AI work? I don’t know the answer yet, but it’s definitely a question that real estate teams are eager to find out about.
As Reffie has partnered with more and more buildings on lease-ups, I’ve met a lot of great folks in acquisitions. We frequently trade notes on our experiences with AI and how it has helped (or, not helped) our day-to-days.
Here’s a list of new AI tools Acquisition teams have told me about. I haven’t used them myself as I mostly work in leasing. But would love to hear your experiences.
Deal Sourcing.
● CityBldr, PermitPortal, and Postalytics for finding development sites.
Zoning or other Analysis.
● Gridics & Zoneomics to produce zoning reports or automate getting addresses, etc.
Underwriting.
● Archer & HelloData to automatically create pro-formas and generate rent comps
Cost Analysis.
● Ediphi & GoSource to estimate construction costs and generate a usable list of SKUs materials estimations.