Advanced technologies (e.g. AI, machine learning) are slowly permeating the real estate industry which is allowing owner/operators, investors, agents/brokers and other end-users of real estate to operate in a more efficient real estate marketplace. Consumers who are searching for their “dream-home” can use PropTech applications to review customized floor plans of home models, ideally in 3D. Owner/operators who seek to push NOI for their portfolio are now taking a data-first approach to manage operational workflows such as energy management, maintenance & repairs as well as CapEx forecasting. Other PropTech applications are leveraging big data to analyze locations and properties in a specific real estate market, while providing advanced information about specific properties. While there are many other PropTech start-ups that are pushing the real estate market to new heights, we are still in the early innings.

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