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How the Biggest PropTech Companies are Integrating AI Into Their Products

JLL, AppFolio, and MRI's AI ambitions

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By Franco Faraudo · January 29, 2024

Greetings,

AI is reshaping the PropTech landscape, offering powerful tools to streamline communication, analyze vast data, and revolutionize workflows. This week, we explore how industry leaders like AppFolio, MRI, and JLL are integrating AI securely and ethically to stay ahead in real estate technology.

Let’s go!

Bytes

🤑 Sell Out of Money
More information has come out about the billion dollar acquisition of Divvy Homes to Brookfield Properties. According to a letter to shareholders many investors, including common shareholders and Series FF preferred stockholders, would not receive any money due to the $735 million of debt that the company had accrued.

🪒 Less (People) is More
Placer.AI has announced that it has reduced its workforce by 18 percent, laying off around 150 people, in order to “prioritize profitability and adopting a more focused strategy to better serve our core markets while continuing to invest in the company’s long-term growth.

📈 Security in Securities
PropTech investor Fifth Wall, hot off the recent acquisition of its portfolio company Industrious by CBRE, has expanded into advisory services for M&A and capital markets with its new arm Fifth Wall Securities.

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Propmodo Technology is edited by Franco Faraudo with contributions from readers like you and the Propmodo team.

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