realestate

Revolutionizing Real Estate: Pipoly Takes Aim at Industry's Costliest Vulnerability

Commercial Real Estate Sector on Brink of Transformation with Increased Tech Investment

J
osef Pipoly, CEO and Co-Founder of BrikMate, joins host Karla Jo Helms on the Disruption Interruption podcast to discuss the inefficiencies in commercial real estate lease management. By leveraging AI, BrikMate is solving unstructured data challenges, replacing outdated workflows, and delivering real-time insights.

    The commercial real estate sector is undergoing a transformation, with 81% of CRE executives planning to prioritize data and technology spending this year. The AI market in real estate is expected to grow by 36.1% by 2025, reaching $303.06 billion. However, managing lease agreements remains a significant challenge due to disjointed formats and unstructured data.

    Pipoly explains that traditional lease workflows hinder the efficiency and scalability of property firms. "The lease is the core data component of any commercial real estate business," he says. "But the contracts are unstructured and constantly changing, creating inefficiencies, errors, and excessive costs for firms managing them."

    BrikMate's AI-powered solution addresses this issue by structuring, analyzing, and automating lease data. Pipoly notes that their goal is not to overhaul businesses but to give teams tools that make their work simpler, more accurate, and highly scalable.

    Property managers are seeing 80% workflow enhancements with BrikMate, saving up to $300,000 annually for companies generating $3 million in revenue. The automation of mundane tasks lets employees focus on high-value activities, igniting creativity and productivity.

    Pipoly emphasizes the need for AI technologies fine-tuned to industry-specific challenges. "We aren't trying to cram diverse industries into one-size-fits-all software, but instead enable firms to streamline operations while retaining their bespoke ways of doing business."

    BrikMate's disruptive technology has sparked an AI-driven supercycle in the industry, paving the way for a more efficient and scalable commercial real estate sector.

Pipoly executive addresses real estate industry in Los Angeles, tackling high costs.