Examining AI Applications in Commercial Real Estate

There has been a massive jump in AI usage by companies across multiple industries in the past few years alone. According to McKinsey & Company, AI usage increased from 33% in 2023 to 71% in 2024, making it one of the fastest growing forms of new technology out there. It’s clear that artificial intelligence is transforming many different industries.

For instance, AI applications in commercial real estate have impacted the way many GPs do business and investment management software must adapt to these changing needs. Here, we will take a deep dive into the way AI can transform commercial real estate transactions.

Do you want more information about the latest AI developments in the CRE world? Download our free guide here to learn more.

The Role of AI in Commercial Real Estate

There are a variety of AI applications in commercial real estate, one of which is property valuation. AI can be used to analyze data in order to determine accurate property values and market insights. Machine learning models are useful for predicting prices or forecasting industry trends. AI can analyze consumer behavior so that investors can make more informed decisions about their investments and identify upcoming opportunities.

In addition to market analysis, AI can also help CRE professionals manage their day-to-day duties, like property management. It can automate some complex and cumbersome tasks like lease renewals and rental payments, and can help streamline other processes, like scheduling maintenance appointments or communicating with tenants with personalized tenant portals and chatbots. All of this is designed to aid in more efficient management, as well as improved tenant satisfaction.

How can GPs make sure their investment management software efficiently integrates with these evolving AI applications in commercial real estate — and what makes Covercy the best choice for this? Let’s investigate.

How Covercy’s AI Features Can Help You Make Data-Driven Investment Decisions

CRE professionals can leverage AI to provide real-time data, like portfolio analysis and performance tracking, allowing GPs and relevant stakeholders to make informed and actionable decisions about their investments.

Better decision-making is an essential benefit of integrating AI within your investment management platform, and it can also streamline many processes, like regulatory compliance, due diligence, document management, and more. AI-powered automation can not only save time and frustration, but can reduce overhead costs and increase overall efficiency, enabling a more successful investment and helping you maintain a competitive advantage.

At Covercy, we understand the importance of managing your time efficiently, and we’ve recently launched revolutionary AI-driven capabilities for our investment management software that will change the way you conduct business for the better. We’ve created a Help Me Write tool that can help CRE professionals write emails, quarterly reports, and more, keeping your investors informed and engaged every step of the way.

In addition to these innovative features, our platform also enables you to automate distribution payments to stakeholders, ensuring you can handle even the most complex deal structures with transparency. With our comprehensive investor portal, relevant parties can view transaction history, share secure documents, and send messages. We also have embedded third-party banking features, allowing you to earn interest on your capital while it’s sitting uncalled and simplifying each transaction so you can manage funds more easily.

At Covercy, our goal is to streamline your investment management process so that you can focus on the next deal and boost your revenue. With our one-of-a-kind platform, you can take advantage of emergent AI applications in commercial real estate so you can enhance the value of your next deal.

Ready to get started? Book a demo for yourself to see how we can help you.