Marcus & Millichap announced a strategic partnership that includes an equity investment and commercial relationship with Archer, a venture-backed real estate technology company. Archer has developed a comprehensive commercial real estate software platform that accelerates market analysis, deal sourcing, and underwriting activities. It leverages machine-learning algorithms to better parse property financials such as rent rolls and operating statements and consolidate data from a multitude of sources to be able to provide immediate performance metrics for multifamily real estate assets nationwide.
The platform allows brokers to accelerate the market analysis and underwriting processes for clients. Founded in 2019, San Francisco-based Archer recently expanded its underwriting platform from multifamily to student and affordable property types and plans to launch other property types including retail, office, industrial, and hospitality in 2024. The company provides software tools via a web-based application and directly in a client?s Excel model, training sessions and on-demand support.