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LL and Slate Asset Management have joined forces to create a cutting-edge technology platform for commercial real estate (CRE) 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 innovative platform offers CRE professionals accurate, integrated data to inform decisions faster, optimize portfolio performance, mitigate risks, and identify opportunities for value creation. It captures all financial, operational, and leasing data and documents in a private and secure hub, providing a single source of truth with robust data visualization and reporting capabilities.
JLL Asset Beacon will be powered by JLL's generative AI capabilities, including lease abstraction, entity resolution, and natural language query functionality, allowing users to unlock the potential of AI to organize and derive insights from their proprietary data. This integration will enable users to make more informed decisions and drive value creation.
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 that enables faster and more informed decision making." The platform has been developed since Slate's inception and has been key to their strategic growth. With JLL, they can take it to the next level and make it available to a broader group of users.
As CRE portfolio diversification grows, active asset management becomes 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.
Richard Bloxam, CEO of Capital Markets at JLL, notes that "Active asset management is the driving force behind unlocking and enhancing value in real estate investments." By leveraging data-driven insights, JLL Asset Beacon will help clients optimize their investments throughout the asset management lifecycle, across geographies and asset classes, to enable better decisions that deliver superior returns.
Amit Koren, CEO of Leasing and Capital Markets Technology Group at JLL, adds that Slate's powerful asset management hub combined with JLL's domain expertise and advanced AI capabilities sets a new standard for data-driven, proactive asset management. JLL Asset Beacon will empower asset and portfolio managers with unparalleled insights, agility, and efficiency for more precise decision-making about investment strategies in an increasingly complex market landscape.
JLL's Amir Leitersdorf and Iri Amirav will serve as co-CEOs of the joint venture, bringing their expertise to drive the platform forward.
