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LL has launched a joint venture with Slate Asset Management to commercialize Slate's cutting-edge technology platform for commercial real estate professionals. The result is JLL Asset Beacon, a software-as-a-service (SaaS) platform that integrates data across asset management functions to provide a real-time view of performance. This includes single assets, funds, or entire portfolios.

    JLL Asset Beacon offers CRE professionals accurate and integrated data to make informed decisions faster, optimize portfolio performance, mitigate risks, and identify opportunities for value creation. The private and secure hub captures financial, operational, and leasing data and documents, providing a single source of truth with robust data visualization and reporting capabilities.

    The platform will be enhanced by JLL's generative AI capabilities, powered by the JLL Falcon platform, allowing users to unlock the potential of AI to organize and derive insights from their proprietary data. According to Blair Welch, founding partner of Slate, "Our software gives real estate professionals a powerful competitive edge by providing better data insights and transparency."

    As CRE portfolio diversification has grown over the past decade, active asset management has become increasingly challenging. Advanced SaaS platforms like JLL Asset Beacon validate, consolidate, and reconcile large amounts of data, helping investors maximize value through dynamic decision making.

    "Active asset management is the driving force behind unlocking and enhancing value in real estate investments," said Richard Bloxam, CEO of Capital Markets at JLL. "By leveraging data-driven insights, JLL Asset Beacon will help clients optimize their investments throughout the asset management lifecycle to deliver superior returns."