Latest news with #RealEstateManagementServices
Techday NZ
5 days ago
- Business
- Techday NZ
JLL unveils AI Property Assistant to boost real estate returns
JLL has introduced JLL Property Assistant, an artificial intelligence solution designed to provide real estate owners with AI-driven recommendations and insights to enhance property performance and financial returns across retail, industrial and office segments. JLL Property Assistant operates using JLL Falcon, an AI platform developed specifically for the real estate industry, and features an interconnected approach by integrating with JLL's data sources and applications. Neil Murray, Chief Executive Officer of Real Estate Management Services at JLL, commented on the new product offering: "JLL Property Assistant will help our clients unlock the true potential of artificial intelligence for the real estate they own. Built on JLL Falcon, the tool provides a unique, interconnected experience that streamlines operations, enhances decision-making, and drives unparalleled value creation. These components--AI, data and best-in-class applications--form the foundation of JLL's property management technology platform, a one-of-a-kind, unified software suite purpose-built to advance the performance and returns of our clients' properties." The AI-powered assistant delivers recommendations for property teams to enhance various elements of building performance, including operational processes and tenant sentiment. It works in concert with Acumen, JLL's business intelligence platform, which compiles data from multiple systems. This includes financial data from accounting solutions like Yardi and MRI, operational details from Prism by Building Engines, as well as additional proptech applications. Property and asset managers interact with JLL Property Assistant using a natural language chat interface, allowing users to pose questions such as, "Which retail assets have the highest vacancy risks in Q3?" or "What does our net operating income (NOI) look like year-to-date?" The solution draws information from JLL's enterprise data warehouse to quickly provide relevant answers. According to details provided, JLL Property Assistant offers a range of potential benefits. These include faster, data-driven decision making through the generation of tenancy reports, auto-generation of stacking plans, analysis of expense trends, and identification of tenant retention and occupancy insights. Operational efficiency may be boosted through features such as reviewing high-priority task statuses, identifying tenant satisfaction matters, and analysing work order trends. The tool also offers insights to support greater profitability and financial health, providing access to operational budget breakdowns, vacancy filling suggestions, and the ability to easily generate finance reports. Security protocols are a key aspect, with JLL Property Assistant adhering to enterprise-grade standards to ensure the protection of client data. At the same time, the system makes use of anonymised global benchmarks sourced from JLL's comprehensive data holdings. Yao Morin, Chief Technology Officer at JLL, said: "Our AI-powered assistant fundamentally transforms the management of property for investors, delivering unprecedented efficiency, data-driven insights, and optimised performance. The tool empowers property managers and owners to focus on strategic initiatives and enhanced property performance, ultimately driving greater value for their portfolios and revolutionising the industry."
Techday NZ
6 days ago
- Business
- Techday NZ
JLL unveils AI assistant to boost property portfolio insights
JLL has introduced a new artificial intelligence solution designed for owners of retail, industrial and office properties. The solution, named JLL Property Assistant, is powered by JLL Falcon and is intended to provide property and asset managers with quicker access to data-driven insights, aiming to enhance the performance of property portfolios. The tool allows users to engage directly with portfolio data using natural language questions, such as "Which retail assets have the highest vacancy risks in Q3?", offering immediate and comprehensive responses. According to JLL, the Property Assistant can generate detailed tenancy reports and stacking plans, as well as analyse expense trends over time. The platform helps reveal important data on tenant retention and occupancy patterns. It also breaks down operational budgets, highlights opportunities for cost control, and offers suggestions to fill vacancies with the aim of maximising rental income. JLL Property Assistant works within a conversational interface and integrates with JLL's Acumen platform, which brings together financial data from systems like Yardi and MRI, operational data from Prism by Building Engines, and other property technology tools. This integration consolidates information into a unified platform, providing property managers with a single source for performance data and reducing the inefficiencies caused by data silos. Neil Murray, Chief Executive Officer of Real Estate Management Services at JLL, said: "JLL Property Assistant will help our clients unlock the true potential of artificial intelligence for the real estate they own. Built on JLL Falcon, the tool provides a unique, interconnected experience that streamlines operations, enhances decision-making, and drives unparalleled value creation. These components - AI, data and best-in-class applications - form the foundation of JLL's property management technology platform, a one-of-a-kind, unified software suite purpose-built to advance the performance and returns of our clients' properties." Users of JLL Property Assistant can ask for portfolio summaries such as net operating income year-to-date, and receive prompt, data-driven answers. The system is designed to let property professionals focus on strategic activities by dramatically reducing the time spent searching for information. The AI assistant's functionality extends to creating comprehensive tenancy reports and stacking plans automatically, tracking and analysing expense patterns, and identifying opportunities through earlier detection of emerging trends in tenant retention and occupancy. This advanced reporting is intended to support a more proactive approach to portfolio management. The operational aspect of the platform includes tools for real-time monitoring of high-priority tasks, identification of possible tenant satisfaction issues, and analysis of maintenance work order trends. These features are designed to reduce operational costs and improve both tenant retention and experience. Financial management is another focus area for the Property Assistant. Through the delivery of detailed operational budget breakdowns and targeted recommendations for cost control, the solution aims to streamline finance reporting, freeing up managers to focus on value-adding activities. The tool also provides data-driven suggestions for filling vacancies in order to increase rental income. Yao Morin, Chief Technology Officer at JLL, commented: "Our AI-powered assistant fundamentally transforms the management of property for investors, delivering unprecedented efficiency, data-driven insights, and optimised performance. The tool empowers property managers and owners to focus on strategic initiatives and enhanced property performance, ultimately driving greater value for their portfolios and revolutionising the industry." JLL has stated that security and privacy were key priorities in the development of the platform. JLL Property Assistant uses enterprise-grade security protocols and applies anonymised global benchmarks for industry analysis. This is intended to ensure the protection of client data while still permitting comparative analytics across the sector.
Malaysian Reserve
28-05-2025
- Business
- Malaysian Reserve
JLL Continues to Revolutionize AI Applications with JLL Property Assistant
New AI solution, powered by JLL Falcon, empowers real estate owners to enhance their property's performance and returns CHICAGO, May 28, 2025 /PRNewswire/ — JLL (NYSE: JLL) today announced JLL Property Assistant, the artificial intelligence (AI) assistant designed for real estate owners spanning retail, industrial and office properties. Leveraging the power of JLL Falcon, the industry's first comprehensive AI platform, JLL Property Assistant offers actionable insights and AI-derived recommendations to optimize property performance. 'JLL Property Assistant will help our clients unlock the true potential of artificial intelligence for the real estate they own. Built on JLL Falcon, the tool provides a unique, interconnected experience that streamlines operations, enhances decision-making, and drives unparalleled value creation,' said Neil Murray, CEO of Real Estate Management Services, JLL. 'These components–AI, data and best-in-class applications–form the foundation of JLL's property management technology platform, a one-of-a-kind, unified software suite purpose-built to advance the performance and returns of our clients' properties.' JLL Property Assistant is designed to deliver AI-powered recommendations for how property teams can improve performance in areas ranging from operations to tenant sentiment. The tool works with Acumen, JLL's property and business intelligence platform that integrates data from key systems, including financial data from accounting applications like Yardi and MRI, operational data from Prism by Building Engines, and other critical proptech functions. Through a natural language chat interface, property and asset managers can ask freeform questions about their buildings, such as, 'Which retail assets have the highest vacancy risks in Q3?' or 'What does our net operating income (NOI) look like year-to-date?' The AI solution quickly delivers answers, drawing information from JLL's enterprise data warehouse. Specific benefits of JLL Property Assistant include: Faster, data-driven decision making: generate tenancy reports, auto-generate stacking plans, analyze expense trends, and uncover tenant retention and occupancy insights. Enhanced operational efficiency: review high-priority task statuses, identify tenant satisfaction issues, and analyze work order trends. Greater profitability and financial health: access operational budget breakdowns, receive vacancy filling suggestions, and easily generate finance reports. JLL Property Assistant adheres to enterprise-grade security protocols, ensuring client data protection while at the same time leveraging JLL's anonymized global benchmarks. 'Our AI-powered assistant fundamentally transforms the management of property for investors, delivering unprecedented efficiency, data-driven insights, and optimized performance,' said Yao Morin, Chief Technology Officer, JLL. 'The tool empowers property managers and owners to focus on strategic initiatives and enhanced property performance, ultimately driving greater value for their portfolios and revolutionizing the industry.' About JLLFor over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit Contact: Lesley MirkowskiPhone: +312 388 2090Email:
Yahoo
28-05-2025
- Business
- Yahoo
JLL Continues to Revolutionize AI Applications with JLL Property Assistant
New AI solution, powered by JLL Falcon, empowers real estate owners to enhance their property's performance and returns CHICAGO, May 28, 2025 /PRNewswire/ -- JLL (NYSE: JLL) today announced JLL Property Assistant, the artificial intelligence (AI) assistant designed for real estate owners spanning retail, industrial and office properties. Leveraging the power of JLL Falcon, the industry's first comprehensive AI platform, JLL Property Assistant offers actionable insights and AI-derived recommendations to optimize property performance. "JLL Property Assistant will help our clients unlock the true potential of artificial intelligence for the real estate they own. Built on JLL Falcon, the tool provides a unique, interconnected experience that streamlines operations, enhances decision-making, and drives unparalleled value creation," said Neil Murray, CEO of Real Estate Management Services, JLL. "These components--AI, data and best-in-class applications--form the foundation of JLL's property management technology platform, a one-of-a-kind, unified software suite purpose-built to advance the performance and returns of our clients' properties." JLL Property Assistant is designed to deliver AI-powered recommendations for how property teams can improve performance in areas ranging from operations to tenant sentiment. The tool works with Acumen, JLL's property and business intelligence platform that integrates data from key systems, including financial data from accounting applications like Yardi and MRI, operational data from Prism by Building Engines, and other critical proptech functions. Through a natural language chat interface, property and asset managers can ask freeform questions about their buildings, such as, "Which retail assets have the highest vacancy risks in Q3?" or "What does our net operating income (NOI) look like year-to-date?" The AI solution quickly delivers answers, drawing information from JLL's enterprise data warehouse. Specific benefits of JLL Property Assistant include: Faster, data-driven decision making: generate tenancy reports, auto-generate stacking plans, analyze expense trends, and uncover tenant retention and occupancy insights. Enhanced operational efficiency: review high-priority task statuses, identify tenant satisfaction issues, and analyze work order trends. Greater profitability and financial health: access operational budget breakdowns, receive vacancy filling suggestions, and easily generate finance reports. JLL Property Assistant adheres to enterprise-grade security protocols, ensuring client data protection while at the same time leveraging JLL's anonymized global benchmarks. "Our AI-powered assistant fundamentally transforms the management of property for investors, delivering unprecedented efficiency, data-driven insights, and optimized performance," said Yao Morin, Chief Technology Officer, JLL. "The tool empowers property managers and owners to focus on strategic initiatives and enhanced property performance, ultimately driving greater value for their portfolios and revolutionizing the industry." About JLLFor over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit Contact: Lesley MirkowskiPhone: +312 388 2090Email: View original content to download multimedia: SOURCE JLL Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
