JLL and Slate Asset Management (Slate) announced a joint venture to commercialize Slate's best-in-class technology platform for commercial real estate (CRE) professionals. The result is JLL Asset Beacon, a software-as-a-service (SaaS) technology platform that integrates data across asset management functions to create a real-time, end-to-end view of performance?whether it's a single asset, fund, or the entire portfolio. JLL Asset Beacon provides CRE professionals with accurate, integrated data to make informed decisions faster, optimize portfolio performance, mitigate risks, and identify opportunities for value creation.

This private and secure hub captures all financial, operational, and leasing data and documents to provide a single source of truth with robust and customizable data visualization and reporting capabilities. JLL's generative AI capabilities, powered by the recently launched JLL Falcon platform, such as lease abstraction, entity resolution, and natural language query functionality will be integrated into JLL Asset Beacon, allowing users to unlock the potential of AI to organize and derive insights from their proprietary data. According to JLL Research, CRE portfolio diversification has grown over the past decade, making active asset management even more challenging.

Advanced SaaS platforms such as JLL Asset Beacon validate, consolidate, and reconcile large amounts of data?helping investors maximize value through dynamic decision making. JLL's Amir Leitersdorf and Iri Amirav will serve as co-CEOs of the joint venture. Both are seasoned technology entrepreneurs who joined JLL in 2021 when their company, Skyline AI, was acquired by JLL as a strategic addition to JLL's technology portfolio.