Artificial Intelligence in Commercial Real Estate

A growing series on artificial intelligence in real estate, including using AI in real estate, tutorials for leveraging AI tools, and other AI-specific resources for real estate professionals.

All | Use Cases | Training | Tools

, , ,

Real Estate Financial Modeling Accelerator (Updated April 2024)

Prior to launching the Accelerator program, Michael and I fielded email after email requesting a more structured real estate financial modeling training program on the site. Over the years, we've covered hundreds of real estate modeling…
, , , , ,

Watch Me Build – Industrial Offering Memorandum Analyzer Custom GPT

In this Watch Me Build session, I'll walk you through constructing a custom GPT that near-instantly sifts through Industrial Offering Memorandums to pinpoint whether an investment aligns with your criteria. At the heart of this build is a tailored…
, ,

What are Custom GPTs? Plus a few quick examples we’ve built.

In the fast-moving world of generative AI (gen AI), staying abreast of technological advancements is crucial for professionals in every field, especially in commercial real estate. At A.CRE, we're committed to sharing what we view as the critical…
, ,

5 Steps for Building a Winning CRE AI Strategy in 2024 and Beyond

The conversation around AI and AI strategy is heating up in almost every major industry, including commercial real estate. In healthcare, innovative providers are learning to leverage AI to provide more personalized care options for their patients.…
, , ,

AI Tools for Commercial Real Estate (Feb 2024 Edition)

If you haven't noticed, we've been exploring use cases, training, and tools related to AI in commercial real estate a lot lately! The reason is that Artificial intelligence (AI) is poised to revolutionize the commercial real estate industry…
, ,

Introducing the A.CRE AI Assistant Custom GPT

Since Michael and Spencer started A.CRE in grad school over 10 years ago, we've been fielding and responding to questions from our readers. With every question, our mission is to provide an answer that adds unique value to our reader. As…
,

Release of ChatGPT Enterprise and ChatGPT Teams – Implications for CRE (Updated Jan 2024)

If you've been reading A.CRE lately, you know that we see huge potential in generative AI (e.g. ChatGPT for language, Midjourney for images, etc). We've committed an entire section of our site to AI in commercial real estate, created a series…
, , ,

How to Talk to an AI Large Language Model – As Written by AI

Spencer here. So, every morning one of the first things I read is a summary of AI news. Artificial intelligence, and generative AI in particular, is moving at a breakneck speed. Seemingly every day, a big advancement or announcement in AI comes…
, , , ,

We Trained This AI Tool to Write Cover Letters

As we enter a new year, it’s an ideal moment for CRE professionals to recalibrate and prepare for the challenges ahead - for some of you that means applying for new jobs. First impressions matter a lot in the job search, and for most job applications…
,

Strategies for Better AI Prompting

In the commercial real estate industry where precision and foresight are essential, artificial intelligence - and generative AI in particular - has emerged as a game-changer. AI, through language models like ChatGPT and Google Bard, can sift…
, , ,

Set Your New Year’s Resolutions Using Our Custom GPT

As we approach the end of the year, it's a time many of us pause to reflect and plan for the future. In my own career, I've always found the transition into a new year to be a prime opportunity for setting ambitious yet achievable goals. This…
, , , ,

Exploring Optionality in Commercial Real Estate (Written by AI)

The term "optionality" may evoke thoughts of financial derivatives, stock options, or complex trading strategies. However, in the context of commercial real estate, optionality is a far more nuanced and potent concept. Simply put, optionality…
, ,

ChatGPT Advanced Data Analysis for Commercial Real Estate – Property Valuation

I feel a personal sense of urgency around mastering generative AI for use in real estate. It's clear to me that this technology will fundamentally change how we operate within the industry, and I want to ensure I'm on the front end of that change.…
,

AI Prompt Engineering in Commercial Real Estate: A Useful Framework

In late 2022, we at A.CRE began to dive in earnest into the world of AI. Since that time, we've shared numerous blog posts exploring AI use cases and training materials. We've also shared and built ourselves, various AI-related tools that we…
, , , ,

Create Your First AI Tool: Sales Comp Database ChatGPT Plugin

Traditionally in commercial real estate, each organization builds its own proprietary sales comp database and then gives its analysts access to that database in order to perform comp analysis. As AI becomes more and more important, pairing the…
, , , , ,

Using ChatGPT as a Real Estate Analyst – Sales Comp Analysis (Updated Aug 2023)

In early 2023, we here at A.CRE began exploring use cases for AI in commercial real estate. Since that time, we have released nine such posts covering topics such as using AI in the real estate job search, using AI to expand on Excel's capabilities,…