JLL Asset Beacon integrates data across
the commercial real estate asset management
lifecycle, paving the way for AI-generated insights
CHICAGO, Nov. 19,
2024 /PRNewswire/ -- JLL and Slate Asset Management
(Slate) today announced a joint venture to commercialize Slate's
best-in-class technology platform for commercial real estate (CRE)
professionals. The result is JLL Asset Beacon, a
software-as-a-service (SaaS) technology platform that integrates
data across asset management functions to create a real-time,
end-to-end view of performance—whether it's a single asset, fund,
or the entire portfolio.
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 $20.8 billion and operations in over 80 countries
around the world, our more than 111,000 employees bring the power
of a global platform combined with local expertise. Driven by our
purpose to shape the future of real estate for a better world, we
help our clients, people and communities SEE A BRIGHTER
WAYSM. JLL is the brand name, and a registered
trademark, of Jones Lang LaSalle Incorporated. For further
information, visit jll.com.
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