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Artificial Intelligence Revolutionizes Real Estate and Finance

Strategic Insights

— 1 min read

Artificial intelligence (AI) is transforming industries across the United States, with 90% of companies expected to run AI models by the end of 2025, according to JLL. Cayman Seagraves, Ph.D., an assistant professor of finance at the University of Tulsa's Collins College of Business, is leading the charge in integrating AI into the real estate and finance sectors. Seagraves recognized AI's potential after the launch of ChatGPT in 2022 and began exploring applications for real estate.

Key Takeaways:

  • The commercial real estate AI market is projected to reach $732 billion by 2028, growing at 34% annually.
  • AI-powered agents can monitor multiple markets overnight, flag properties matching specific investment criteria, and prepare preliminary underwriting and letters of intent.
  • International Data Corporation (IDC) research shows that every dollar spent on generative AI returns $3.70 in value, demonstrating the technology's immediate ROI potential.
  • Cayman Seagraves' research has received four best paper awards in 2024 and secured a $17,500 grant from the University of Denver's Glenn Mueller Real Estate Cycle and Sustainability Fund.
  • Seagraves has presented his research at three major events so far this year, including the GTAR Commercial Market Update and the ULI Oklahoma panel on April 29.
  • Seagraves' work is paving the way for the University of Tulsa's Collins College of Business to become a national thought leader in AI applications to real estate and finance.

Statistics:

  • 90% of U.S. companies are expected to run AI models by the end of 2025 (JLL).
  • The commercial real estate AI market is projected to reach $732 billion by 2028, growing at 34% annually.
  • Every dollar spent on generative AI returns $3.70 in value (IDC research).
  • $17,500 grant was secured by Cayman Seagraves from the University of Denver's Glenn Mueller Real Estate Cycle and Sustainability Fund.

Sources:

  • JLL
  • International Data Corporation (IDC)
  • University of Tulsa's Collins College of Business
  • Journal of Real Estate Portfolio Management
  • University of Denver's Glenn Mueller Real Estate Cycle and Sustainability Fund
  • Glenn Mueller Real Estate Cycle and Sustainability Fund

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