RealEstateTech.co

The Open Listing of Global Real Estate Technology Companies.#proptech #cretech #retech

[RealEstateTech.co @RETechCo]

Zach Aarons from @MetaPropNYC predicts that by 2025, first mortgage will be underwritten and closed end to end by generative AI. And by 2040 most real estate jobs will be done by bots. Metaprop Demo Day 2024. #mortgagetech #proptech

[RealEstateTech.co @RETechCo]

From Newmark GPT to JLL GPT, all major CRE brokers have their own AI to increase enterprise productivity. Drafting emails, memos, come up with agreements. @Retcon_USA #RETCON #RETCON2024

[RealEstateTech.co @RETechCo]

Ryan Severino from BGO talking about how his organization leverages data science to come up with decisions for new investments, portfolio management, leasing and investor relations. @Retcon_USA #RETCON2024 #RETCON

[RealEstateTech.co @RETechCo]

Richard Barkahm showing the vacancy are predicted to slightly move up in the following year, except for retail.

[RealEstateTech.co @RETechCo]

Richard Barkham, Chief Economist at @CBRE spoke at @Retcon_USA, asserting that we largely dodged a hard landing and we are in the soft landing territory. It’s a relatively orderly situation for now. #RETCON #RETCON2024 #economy

[RealEstateTech.co @RETechCo]

Richard Barkham talks about cap rate peaking in 2024. Usually they shoot up quickly and decline slowly.

[RealEstateTech.co @RETechCo]

Panel on office to residential conversations. Stuart from @trdny and Mitchell from the Moinion group. Lots of nuances but there are good tax incentives from the cities. NY has 421G and San Francisco also has similar incentives. @Retcon_USA #RETCON2024 #RETCON

[RealEstateTech.co @RETechCo]

Second most mature and common use case of GenAI is summarizing documents (condo CC&Rs or lease or tenant applications).

[RealEstateTech.co @RETechCo]

AI deconstructed panel at @Retcon_USA #RETCON2024 Across the board, looks like most mature GenAi use cases everyone was able to do is around customer outreach, customer service/Q&A, and human-in-the-loop is super important for all use cases.

[RealEstateTech.co @RETechCo]

Doug Pricket from @transwester talks about interpreting data being super important at #RETCON2024. He used an example of Austin TX office absorption going up one month hugely but then going down hugely the next month because of a Google office move.

[RealEstateTech.co @RETechCo]

LCOR’s Mike Hogentogler talked about #proprech #multifamilytech should focus on customer experience not your internal experience. Example is to implement AI-assisted CRM to answer prospect renter questions. #RETCON2024

[RealEstateTech.co @RETechCo]

@NickRomito from @WeAreVTS and Cynthia Fisher from @KETTLERliving : tenant retention is key for office and residential properties. #RETCON2024

[RealEstateTech.co @RETechCo]

Satnam Singh, CDTO from @CBRE advisory services is talking about product transformation journey at @PLEDalliance #cposummit. Purpose first, tactics later.

[RealEstateTech.co @RETechCo]

Amalia Paliobeis, real estate director of @hicommon talked about how to simplify #UserExperience. A single app that pays rent, work order, form a club and everything rather than multiple apps is an example. #CREtechLA #PropTech #CRETech #ux #coliving

[RealEstateTech.co @RETechCo]

Kevin McKenzie, Chief Digital Officer of @Macerich talked about how to use technology and innovation to address high cost of store buildout for new retailers. #CRETechLA #CRETech #Proptech #retail #popupshop

[RealEstateTech.co @RETechCo]

@AvalonBay SVP Karen Hollinger talks about giving discounts to employees to live in their own apartment to support new initiatives and new product trials. This is a great way of doing test & learn. #CRETechLA #proptech #cretech @DiscoverCREtech

[RealEstateTech.co @RETechCo]

Amazing CRE tech panel on the convergence of CRE development and technology! Moderated by VC firm PSP growth. Panelists are major REITs @AvalonBay @Macerich and co-working/co-living companies @IndustriousHQ and @hicommon. @DiscoverCREtech #CREtechLA #CRETech #proptech

[RealEstateTech.co @RETechCo]

Travis Putnam from @navitascapital talked about evolution of CRE tech #product transition from asset-based point solutions to experience-based holistic solutions. #CRETechLA #proptech #cretech @DiscoverCREtech

[RealEstateTech.co @RETechCo]

China producing 100 times more structured data than US does, giving China an edge in machine learning/ AI applications in the future, stated @AbeSomani. Although panel confident that talents are in the US and algorithm innovation will stay in the US @CRETechLA #cretech #proptech

[RealEstateTech.co @RETechCo]

@AbeSomani from @leverton talked about big data lease analysis. Now they can quantify if landlord gives free rent period for a lease, all other terms almost always get worse. This level of analysis won’t be possible previously. #CRETechLA #cretech #proptech @DiscoverCREtech