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PAST REPORTS
As macroeconomic headwinds mount and the private real estate industry adapts its investment focuses, keeping technological advancements high on the agenda has been a challenge.
But the economy is not the only priority for managers and investors; sustainability and ESG remain front of mind in order to meet strict net-zero targets, and technology’s role is set to be vital in collating data to reveal how the market can become more environmentally minded.
Read about this and more in our 2023 Technology Report.
How proptech can revive a sector in crisis
Embracing AI, construction technology and virtual tools to allow remote access and exploration of properties is becoming the norm, making real estate more adaptable to changing market conditions.
Proptech capital formation falls back to earth
Capital raised by the top 20 firms in the space ticked up modestly in 2023 after nearly doubling in 2022. Managers say slower growth was expected given macroeconomic headwinds and could be the norm moving forward.
Finding an AI equilibrium
Generative AI may be in its early stages, but it is already being used to create efficiencies in all corners of private real estate. Investors, however, remain skeptical of the technology, and for good reason.
Yardi on fulfilling AI’s potential
Technological developments in commercial real estate are offering a dizzying range of operational benefits for investors willing to take the plunge, says Yardi’s Rob Teel.
Can virtual due diligence become the norm in private real estate?
Limited scope is an issue, but virtual methods of due diligence have had a positive effect on the overall process.
Emerging markets are ripe for disruption
Low-income, high-growth economies could soon benefit from the digital transformation of real estate and housing.
Alter Domus on maximizing technology capabilities to enhance decision-making
Technology is part of a solution that involves bringing together managers, investors and back-office administrators to make better decisions and improve investment performance, says Gus Harris, head of data and analytics at Alter Domus.
How blockchain is streamlining real estate transactions
Blockchain technology has the power and capabilities to transform the private real estate market, writes Kyle Hagerty.
Regulatory frameworks need to keep pace with proptech expansion
As innovation continues, private real estate owners and investors can expect to see the regulatory and social structures remain dynamic for years to come, writes Jennifer Waters.
Fidelity International on how to make carbon reduction goals a reality
Technology is empowering landlords and tenants to work together to meet energy efficiency targets, argues Fidelity’s Christopher Lyon Lynch.
Private real estate should embrace tech to drive growth
AI and proptech solutions are crucial in addressing sustainability challenges and optimizing property management, says Partners Group’s global co-head of private real estate asset management.
Matching green skills to green proptech
Data collection and management is a significant challenge for asset owners seeking to improve sustainability performance.
Real estate has lagged other asset classes when it comes to technology, but has begun to seriously pick up the pace. Proptech can make buildings safer, more efficient and more ESG-friendly, and can give investors and managers greater insight and control.
Covid-19 has accelerated trends which were emerging pre-pandemic, so that where progress may once have been slow, proptech has now become real estate’s priority.
Real estate technology investment has dipped this year, despite the global pandemic underlining its importance. However, market participants agree that it is needed – not just for managers to cut costs, identify opportunities, enhance efficiency and add value, but also for investors and tenants to have better, faster access to data – and there is no shortage of opportunities, with covid-19 providing fresh impetus to what was already a rapidly developing part of the market.
It is generally accepted that getting on board the technology train has not come easily to the private real estate sector. But many owners and asset managers have had the light bulb moment that tech is an ally in the mission to improve operational efficiencies and deliver returns in an increasingly competitive global market. Find out more with our 2019 report.
LATEST TECHNOLOGY NEWS
Breakthrough Properties: Record funding, AI are powering the next era for life sciences
Life-changing discoveries are driving demand for research laboratories worldwide, say Breakthrough Properties’ Dan Belldegrun and Daniel D’Orazi.
Pharmaceutical firms’ interest in AI brings shift in property requirements
Many R&D firms are moving from traditional lab spaces to premises that offer sufficient power and network capabilities.
The future is bright for life sciences property
In 2024, market vacancies increased with new construction delivered vacant, but this trend should reverse as demand and supply return to more manageable levels.
Life sciences sees signs of recovery
Venture capital funding is rebounding, which is driving rental growth.
NPS’s Kim: ‘We won’t shy away from smaller ticket size opportunities’
The team plans to invest in small to mid-sized managers, co-found new platforms, and accept investments under $100 million.
Click here to access PERE’s in-depth special reports covering a wide array of topics, plus our digital magazines.
Click here to access PERE’s in-depth special reports covering a wide array of topics, plus our digital magazines.
Click here to access PERE’s in-depth special reports covering a wide array of topics, plus our digital magazines.
