A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.
Fundrise, a Washington, D.C.-based online investment platform that prides itself on opening up investment in private real estate companies, real estate assets and private technology companies to the average individual, is now setting its sights on artificial intelligence.
Fundrise is launching RealAI, a new AI platform that changes how single- and multifamily real estate professionals and individual investors find and use data. It gives users instant access to high-level market intelligence, ranging from neighborhood income and migration trends to multifamily comps and average rents — right down to each individual property.
Fundrise’s co-founder and CEO, Ben Miller, says it goes far beyond what more generalized AI, like ChatGPT, can offer. The tool is launching with residential data, but Miller said he expects to expand to other commercial real estate sectors within six months.
