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Jones Lang (JLL) Agrees to Acquire Skyline AI, Boosts Tech Focus
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Jones Lang LaSalle Incorporated (JLL - Free Report) — popularly known as JLL — has agreed to acquire artificial intelligence firm Skyline AI. The move comes as part of JLL’s efforts to gain a competitive edge in the origination and analysis of the real estate market.
The company will provide its client with tools to predict property values and identify new investment opportunities, and help them take decisions as to when raise rent, renovate or sell the property.
Skyline AI makes use of unique data sets, artificial intelligence and machine learning algorithms to process data quickly. It uses proprietary models to process data from more than 300 data sources and tracks 10,000 attributes, including owner information, property characteristics, demographics, historical transactions and debt for 400,000 multifamily properties across the United States. By identifying the most accurate information, the company helps investors maximize their investment and leasing opportunities.
Per Richard Bloxam, CEO of Global Capital Markets, JLL, "When you combine the intelligence of the best advisors on the ground with a quantitative expert team and AI data analysis, you get insights that are beyond human and create a competitive edge for JLL and our clients."
According to Guy Zipori, co-founder and CEO of Skyline AI, "JLL provides the perfect platform to realize our vision of transforming CRE using AI."
Since 2018, JLL’s global venture fund JLL Spark has been serving as an investor in Skyline AI.
JLL has a diversified range of real estate product and services, as well as an extensive knowledge of domestic and international real estate markets, which helps it operate as a single-source provider of real estate solutions. Its superior client services and strategic investment in technology and innovation are expected to help grow market share and win relationships. The company’s data-driven and experiential technology platform is providing a competitive edge and will likely boost client engagements.
JLL currently flaunts a Zacks Rank #1 (Strong Buy). In the past six months, shares of the company have surged 62.5%, outperforming the industry’s decline of 12.7%.
Kennedy-Wilson Holdings’s (KW - Free Report) FFO per share estimate for the ongoing year has been revised upward by 99.3% over the past month. The company flaunts a Zacks Rank of 1, currently.
RE/MAX Holdings, Inc.’s (RMAX - Free Report) Zacks Consensus Estimate for the current-year FFO per share moved 2.3% north in the past week. The company sports a Zacks Rank of 1, at present.
Note: Anything related to earnings presented in this write-up represent funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
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Jones Lang (JLL) Agrees to Acquire Skyline AI, Boosts Tech Focus
Jones Lang LaSalle Incorporated (JLL - Free Report) — popularly known as JLL — has agreed to acquire artificial intelligence firm Skyline AI. The move comes as part of JLL’s efforts to gain a competitive edge in the origination and analysis of the real estate market.
The company will provide its client with tools to predict property values and identify new investment opportunities, and help them take decisions as to when raise rent, renovate or sell the property.
Skyline AI makes use of unique data sets, artificial intelligence and machine learning algorithms to process data quickly. It uses proprietary models to process data from more than 300 data sources and tracks 10,000 attributes, including owner information, property characteristics, demographics, historical transactions and debt for 400,000 multifamily properties across the United States. By identifying the most accurate information, the company helps investors maximize their investment and leasing opportunities.
Per Richard Bloxam, CEO of Global Capital Markets, JLL, "When you combine the intelligence of the best advisors on the ground with a quantitative expert team and AI data analysis, you get insights that are beyond human and create a competitive edge for JLL and our clients."
According to Guy Zipori, co-founder and CEO of Skyline AI, "JLL provides the perfect platform to realize our vision of transforming CRE using AI."
Since 2018, JLL’s global venture fund JLL Spark has been serving as an investor in Skyline AI.
JLL has a diversified range of real estate product and services, as well as an extensive knowledge of domestic and international real estate markets, which helps it operate as a single-source provider of real estate solutions. Its superior client services and strategic investment in technology and innovation are expected to help grow market share and win relationships. The company’s data-driven and experiential technology platform is providing a competitive edge and will likely boost client engagements.
JLL currently flaunts a Zacks Rank #1 (Strong Buy). In the past six months, shares of the company have surged 62.5%, outperforming the industry’s decline of 12.7%.
Image Source: Zacks Investment Research
Other Stocks to Consider
CBRE Group’s (CBRE - Free Report) Zacks Consensus Estimate for 2021 FFO per share moved up 19.9% in the past month. The company currently sports a Zacks Rank of 1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Kennedy-Wilson Holdings’s (KW - Free Report) FFO per share estimate for the ongoing year has been revised upward by 99.3% over the past month. The company flaunts a Zacks Rank of 1, currently.
RE/MAX Holdings, Inc.’s (RMAX - Free Report) Zacks Consensus Estimate for the current-year FFO per share moved 2.3% north in the past week. The company sports a Zacks Rank of 1, at present.
Note: Anything related to earnings presented in this write-up represent funds from operations (FFO) — a widely used metric to gauge the performance of REITs.