In a strategic move, JLL and Slate Asset Management have formed a joint venture to revolutionize commercial real estate (CRE) asset management. This collaboration has led to the development of JLL Asset Beacon, a cutting-edge SaaS platform that integrates crucial data to provide real-time, holistic insights into asset performance.
With JLL Asset Beacon, CRE professionals gain access to integrated, accurate data that accelerates decision-making, enhances portfolio outcomes, and helps identify areas for risk mitigation and value creation. This secure platform centralizes financial, operational, and leasing data, offering a comprehensive, customizable view of performance through sophisticated reporting and visualization tools.
Integrating JLL’s advanced AI capabilities from the newly launched JLL Falcon platform, JLL Asset Beacon will offer tools like lease abstraction, entity resolution, and natural language querying. This integration will enable users to effortlessly organize and derive meaningful insights from their proprietary data, maximizing the potential of AI.
Blair Welch, founding partner of Slate, stated that their software provides real estate professionals with a distinct advantage by offering enhanced data insights and transparency. These features enable faster and more informed decisions, which drive value creation. He further explained that this platform has been integral to Slate’s growth and, in collaboration with JLL, they plan to expand its reach, making it available to a broader group of professionals, including those in asset management, investment, and partnerships.
The increasing diversification of commercial real estate (CRE) portfolios over the past decade has significantly increased the complexity of asset management. As highlighted by JLL Research, this complexity necessitates sophisticated tools. SaaS platforms like JLL Asset Beacon play a crucial role by providing a robust foundation for data validation and consolidation. This empowers investors with the insights they need to make informed decisions and optimize the value of their diverse portfolios.
Richard Bloxam, JLL’s CEO of Capital Markets, pointed out that active asset management is a key driver in unlocking value in real estate investments. He added that with the market’s recovery, capital deployment will prioritize strategies that can yield competitive returns, particularly in light of the higher cost of capital. Bloxam further explained that JLL Asset Beacon will support clients in refining their investments throughout the asset management lifecycle, helping them make informed decisions to achieve superior returns across different geographies and asset classes.
The combination of Slate’s robust asset management hub with JLL’s deep industry expertise and advanced AI capabilities marks a significant advancement in proactive, data-driven asset management according to Amit Koren, CEO of Leasing and Capital Markets Technology Group at JLL. Koren highlighted that JLL Asset Beacon will give asset and portfolio managers critical insights, enhanced agility, and operational efficiency, enabling them to make better-informed investment decisions in a challenging and complex market environment.
Leading this joint venture are co-CEOs Amir Leitersdorf and Iri Amirav, both accomplished technology entrepreneurs. They joined JLL in 2021 following the acquisition of their company, Skyline AI, a move that significantly strengthened JLL’s technology capabilities.
