04 / AI
AI.
We run it on our own capital first. Then we implement it for clients, teach it and write about it twice a week.
We run it on our own capital first. Then we implement it for clients, teach it and write about it twice a week.
Commercial real estate is a documents business wearing a relationships costume. Rent rolls, trailing twelves, leases, loan documents, offering memoranda: the deal lives in paper, and the paper arrives in fifty formats. That is precisely the work machines are now good at, and precisely why most shops that adopt AI badly get burned. They let the machine decide instead of draft.
Our rule is one sentence long. AI drafts, humans decide, and every number that reaches an investor gets reconciled against the source once. Intake, screening, abstraction and first drafts move at machine speed. Judgment, structure and the final number stay human. The discipline is not anti technology. It is pro accountability.
We hold our own tools to the same standard. Our underwriting runs on proprietary AI and on models that are verified error free before they touch a decision, because a fast wrong answer is still a wrong answer, delivered sooner. The second engine principle from our audit practice applies to machines too: nothing is trusted because it is confident, everything is checked because capital is at stake.
The result is boring on purpose. Fewer heroics, fewer surprises, a pipeline where the top three deals earned their place and the model that priced them can prove its own arithmetic. The model decides the deal. AI just gets it to the decision faster.
We underwrite industrial real estate with proprietary AI: screening, document intake and draft underwriting at machine speed, judgment held by people with capital at risk.
We help clients implement AI where it earns its keep: intake, lease abstraction, screening and reporting, built into your workflow with the checkpoints where they belong.
The AI Brief, every Friday: practical AI for real estate shops, written from implementation work, not from keynotes. Paired with The Underwriting Memo on Tuesdays.
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