Spark Notes – September 14, 2023

AI is accelerating real estate’s consumption of technology as companies urgently adopt data-based solutions for overall efficiency. Tasks that used to be manual and tedious can now be automated with customizable software, eliminating the mundane and encouraging employers to focus talent and resources for greater gain. Tanguy Quero, Investment Principal based in Paris, provides a deeper look at Proda, a JLL Spark portfolio company, and how the platform is revolutionalizing rent roll data.
 
Read about Proda’s AI power: Increasing the power of data for real estate markets

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PORTFOLIO COMPANY UPDATES
What’s new with our startups

Liberty Mutual Re, XS Global and Safehub Announce World’s First Sensor-Based, Parametric Reinsurance Treaty for Earthquake Risk
The reinsurance group will begin by selling multiple policies through XS Global subsidiaries in Mexico, utilizing Safehub’s sensor technology.
 
Hines Invests in Digital Ecosystem to Enhance Workplace Experience, Connectivity
SwiftConnect is chosen to power employee badges for several Hines buildings in North America.
 
Return to Office: Employees Have More Say in Where They Work, HqO CEO Says
Chase Garbarino discusses the importance of employee experience.

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IN THE PRESS
Insights in the media from JLL

AI and the Evolution of Proptech
Carolyn Trickett, Growth Principal based in Australia, contributes to the article.

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PROPTECH EVENTS
Connect with our team at the following events
 
CREtech New York
September 19-20, 2023 | New York, New York
Raj Singh is speaking. Eddie Carroll, Daniel Correa, Sonia El-Sherif, Laurent Grill, Javier Araujo O’Neill, and Meagan Riley are attending.
 
The District
September 20-22, 2023 | Barcelona, Spain
Sean Wright is speaking on a panel discussing real estate best practices and pitfalls for PropTech entrepreneurs.
 
CREtech Climate Day
September 21, 2023 | New York, New York
Raj Singh and Laurent Grill attending.
 
The Future of Generative AI in Real Estate
September 21, 2023 | 9:00 am Pacific Time
Hear insights from key innovation and technology leaders within JLL on what the AI-enabled future of real estate will look like. Register for the webinar in the link above.
 
EXPO REAL
October 4-6, 2023 | Munich, Germany
Arnaud Bouzinac is attending.

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INDUSTRY NEWS
Learn more about the current landscape of PropTech investing

Watching AI for Software Bias
globest.com | August 31, 2023

Work Shift: What the Return to Office Looks Like Globally
bloomberg.com | September 5, 2023

Real-Estate Doom Loop Threatens America’s Banks
wsj.com | September 6, 2023

Microsoft’s New Manhattan Office is in a Growing Tech Hub
propmodo.com | September 11, 2023

‘We’re in the First Inning of the Commercial Real Estate Correction,’ Billionaire Real Estate Investor Jeff Greene Says
fortune.com | September 12, 2023

Brooklyn Hip to PropTech
commercialobserver.com | September 12, 2023

LMRE’s 2023 Salary Report
lmre.tech | September 2023