JLL Acquires PropTech Company Skyline AI

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13 August 2021

In a move to help deliver more powerful insights to its clients, JLL has reached an agreement to acquire Skyline AI.

Skyline AI uses unique data sets, AI and Machine Learning (ML) algorithms to process data quickly. This allows deep analysis of real estate opportunities and an abundance of useful data.

Data is processed from more than 300 sources, tracking 10,000 attributes such as owner information, property characteristics, demographics, historical transactions and debt for 400,000 multifamily properties across the USA. Over time, Skyline AI’s platform identifies discrepancies and determines which information is most accurate to help investors maximize their investment and leasing opportunities.

JLL global venture fund JLL Spark has been an investor in Skyline AI since 2018.

The transaction is expected to close shortly, following the completion of customary closing conditions. J.P. Morgan acted as an advisor to Skyline AI in this transaction.

"Insights That are Beyond Human"

“The acquisition of Skyline AI is a significant step for JLL as we look to provide the most strategic and creative advice to our clients,” said 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.”

JLL will also incorporate Skyline AI technology and proprietary data into its products so JLL clients can better predict future property values, improve cost savings, identify promising investment opportunities and make critical business decisions, such as when to raise rent, renovate or sell. 

Skyline AI was founded in 2017 by Guy Zipori, Amir Leitersdorf, Iri Amirav and Or Hiltch, who have a proven track record of building, scaling and selling technology companies. A major player in the CRE market, Skyline AI was named one of the most innovative AI startups by the CB Insights Global AI 100 list. 

“This acquisition demonstrates the value and synergies of JLL Spark, as we invest in innovative PropTech companies and leverage the resources of JLL to accelerate their growth,” said Yishai Lerner, co-CEO, JLL Technologies (JLLT), a business division of JLL dedicated to CRE technology. “Our teams consist of knowledgeable real estate experts and world-class technologists who successfully bring new AI offerings like Skyline AI into the fold and provide the best insights to our clients, accelerating JLL’s leadership in CRE technology.”

“JLL provides the perfect platform to realize our vision of transforming CRE using AI,” said Guy Zipori, co-founder and CEO, Skyline AI. “Skyline AI has worked closely with JLL as an investor since 2018. The next natural step is to become part of JLL, a multi-billion-dollar global company that sees the transformative power of the Skyline AI platform.”

Picture: a photograph of the Skyline AI founders, left to right, Iri Amirav, Guy Zipori, Amir Leitersdorf and Or Hiltch

Article written by Ella Tansley | Published 13 August 2021

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