Using Alternative Data in CRE
Commercial Real Estate is behind the curve. As older CRE firms start to think about how to create data warehouses and connect internal accounting systems together, their peers in other groups are using algorithms to trade stocks.
According to the Financial Times, quantitative hedge funds, among the most sophisticated users of data, are on the brink of surpassing $1Trn in Assets Under Management. Amazing for an industry that did not exist 20 years ago. While some of the more innovative asset managers have been using Alternative Data (altdata) in real estate, there’s still a massive opportunity to extract new insight from some first-party data providers.
There are hundreds of questions that can be answered using alternative data:
Part of the challenge is that many firms don’t have the resources to source, test, or validate any of these data resources. We’ve dedicated our existence to exactly that and would welcome the chance to share some of our results.
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