If it ain't broke, don't fix it. And real estate in America hasn't broken since the early 1900s. But in the last 10-20 years, real estate as a physical asset has morphed, a trend the pandemic has exacerbated and accelerated.
Thirty years ago, warehouses were the inferior asset class and retail the hottest. Now, no one wants a mall. Because these transformations happened so quickly, investors could not adapt fast enough. As soon as investors started to get burned, it was time to innovate.
Abe Somani, Managing Director, Leverton Intelligence, a pioneer in using artificial intelligence for data extraction and contract analytics.
What we talked about:
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