JLL and Slate Asset Management announce technology joint venture to tackle data challenges for real estate investors
JLL and Slate Asset Management have announced a joint venture to launch JLL Asset Beacon, a SaaS technology platform for commercial real estate professionals. The platform integrates financial, operational, and leasing data across asset management functions, providing a real-time view of portfolio performance.
The solution incorporates JLL's generative AI capabilities through the JLL Falcon platform, offering features like lease abstraction and natural language query functionality. The platform aims to help investors make informed decisions faster, optimize portfolio performance, and identify value creation opportunities through data-driven insights.
JLL e Slate Asset Management hanno annunciato una joint venture per lanciare JLL Asset Beacon, una piattaforma tecnologica SaaS per professionisti del settore immobiliare commerciale. La piattaforma integra dati finanziari, operativi e di leasing attraverso le funzioni di gestione degli asset, fornendo una visione in tempo reale delle performance del portafoglio.
La soluzione incorpora le capacità di intelligenza artificiale generativa di JLL tramite la piattaforma JLL Falcon, offrendo funzionalità come l'astrazione dei contratti di locazione e la possibilità di query in linguaggio naturale. L'obiettivo della piattaforma è aiutare gli investitori a prendere decisioni informate più rapidamente, ottimizzare le performance del portafoglio e identificare opportunità di creazione di valore attraverso informazioni basate sui dati.
JLL y Slate Asset Management han anunciado una joint venture para lanzar JLL Asset Beacon, una plataforma tecnológica SaaS para profesionales del sector inmobiliario comercial. La plataforma integra datos financieros, operativos y de arrendamiento a través de las funciones de gestión de activos, proporcionando una vista en tiempo real del rendimiento de la cartera.
La solución incorpora las capacidades de inteligencia artificial generativa de JLL a través de la plataforma JLL Falcon, ofreciendo características como la abstracción de arrendamientos y funcionalidad de consulta en lenguaje natural. La plataforma tiene como objetivo ayudar a los inversores a tomar decisiones informadas más rápidamente, optimizar el rendimiento de la cartera e identificar oportunidades de creación de valor a través de información basada en datos.
JLL와 Slate Asset Management가 상업용 부동산 전문가를 위한 SaaS 기술 플랫폼인 JLL Asset Beacon을 출시하기 위한 공동 투자 합작사를 발표했습니다. 이 플랫폼은 자산 관리 기능을 통해 재무, 운영 및 임대 데이터를 통합하여 포트폴리오 성과에 대한 실시간 뷰를 제공합니다.
이 솔루션은 JLL Falcon 플랫폼을 통해 JLL의 생성적 AI 기능을 통합하고, 임대 계약 추출 및 자연어 쿼리 기능과 같은 기능을 제공합니다. 이 플랫폼은 투자자들이 더 빠르게 정보에 기반한 결정을 내리고, 포트폴리오 성과를 최적화하며, 데이터 기반 통찰력을 통해 가치 창출 기회를 식별하도록 도울 것을 목표로 하고 있습니다.
JLL et Slate Asset Management ont annoncé une joint-venture pour lancer JLL Asset Beacon, une plateforme technologique SaaS pour les professionnels de l'immobilier commercial. La plateforme intègre des données financières, opérationnelles et locatives à travers les fonctions de gestion des actifs, fournissant une vue en temps réel de la performance du portefeuille.
La solution incorpore les capacités d'IA générative de JLL via la plateforme JLL Falcon, offrant des fonctionnalités telles que l'abstraction des baux et la fonctionnalité de requête en langage naturel. La plateforme vise à aider les investisseurs à prendre des décisions éclairées plus rapidement, à optimiser la performance du portefeuille et à identifier des opportunités de création de valeur grâce à des informations basées sur les données.
JLL und Slate Asset Management haben eine Partnerschaft bekannt gegeben, um JLL Asset Beacon zu starten, eine SaaS-Technologieplattform für Fachleute im Bereich der kommerziellen Immobilien. Die Plattform integriert finanzielle, operative und mietrechtliche Daten über die Funktionen des Asset Managements und bietet eine Echtzeitansicht der Portfolio-Performance.
Die Lösung beinhaltet die generativen KI-Fähigkeiten von JLL über die JLL Falcon-Plattform und bietet Funktionen wie Mietvertragsabstraktion und natürliche Sprachabfragen. Die Plattform zielt darauf ab, Investoren zu helfen, schneller informierte Entscheidungen zu treffen, die Portfolio-Performance zu optimieren und Möglichkeiten zur Wertschöpfung durch datengestützte Erkenntnisse zu identifizieren.
- Strategic joint venture combines JLL's AI capabilities with Slate's established asset management platform
- New revenue stream through SaaS business model
- Platform addresses growing market need for data integration in complex portfolio management
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Insights
This strategic joint venture represents a significant advancement in real estate technology infrastructure. The JLL Asset Beacon platform addresses a critical pain point in commercial real estate - fragmented data management. By integrating with JLL's Falcon platform and incorporating AI capabilities, it creates substantial competitive advantages in portfolio optimization and risk management.
The platform's SaaS model ensures scalability and recurring revenue potential, while the partnership with Slate brings proven technology that's been battle-tested in real-world applications. The integration of generative AI for lease abstraction and natural language processing significantly differentiates this solution from traditional real estate management tools.
The timing aligns well with market conditions, as higher interest rates are driving demand for more sophisticated investment analysis tools. The focus on data-driven decision making and portfolio optimization positions JLL strongly in the proptech space, potentially opening new revenue streams beyond traditional real estate services.
This technology initiative addresses fundamental challenges in institutional real estate portfolio management. The platform's ability to provide real-time, integrated views across assets and funds is particularly valuable given increasing portfolio complexity and market volatility. The emphasis on data validation and reconciliation tackles a major industry pain point that typically requires significant manual effort.
Having Slate's proven platform as the foundation provides credibility, while JLL's global reach and AI capabilities create significant scaling potential. The focus on active asset management aligns with current market conditions where optimizing existing assets is important given higher financing costs. The platform's potential to enhance returns through better decision-making could be particularly valuable in the current high-interest-rate environment.
JLL Asset Beacon integrates data across the commercial real estate asset management lifecycle, paving the way for AI-generated insights
JLL Asset Beacon provides CRE professionals with accurate, integrated data to make informed decisions faster, optimize portfolio performance, mitigate risks, and identify opportunities for value creation. This private and secure hub captures all financial, operational, and leasing data and documents to provide a single source of truth with robust and customizable data visualization and reporting capabilities.
JLL's generative AI capabilities, powered by the recently launched JLL Falcon platform, such as lease abstraction, entity resolution, and natural language query functionality will be integrated into JLL Asset Beacon, allowing users to unlock the potential of AI to organize and derive insights from their proprietary data.
"Our software gives real estate professionals a powerful competitive edge by providing better data insights and transparency that, in turn, enable faster and more informed decision making and ultimately drive value creation," said Blair Welch, founding partner of Slate. "We have been developing, refining, and evolving this platform since Slate's inception, and it has been a key to our strategic growth. Together with JLL, we can take this platform to the next level and make it available to a broader group of users, including investment managers, allocators, asset managers and limited partners."
According to JLL Research, CRE portfolio diversification has grown over the past decade, making active asset management even more challenging. Advanced SaaS platforms such as 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. "As the market recovers, capital deployment will focus on strategies offering returns that are competitive against the higher cost of capital. 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, added: "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 for our clients. 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. Both are seasoned technology entrepreneurs who joined JLL in 2021 when their company, Skyline AI, was acquired by JLL as a strategic addition to JLL's technology portfolio.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of
About Slate Asset Management
Slate Asset Management is a global alternative investment platform. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate's platform focuses on four areas of real assets, including real estate equity, real estate credit, real estate securities, and infrastructure. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more, and follow Slate Asset Management on LinkedIn, X (Twitter), and Instagram.
Contact: Jesse Tron
Phone: + 1 914 424 0299
Email: jesse.tron@jll.com
Contact: Karolina Kmiecik, Head of Communications
Phone: +1 224 848 0662
Email: karolina@slateam.com
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SOURCE JLL-IR
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