AI in Acquisitions
What this department does
Acquisitions finds and buys properties. The team sources deals from brokers and off-market relationships, underwrites each property’s cash flows, tours sites, negotiates price and terms, runs due diligence, and takes the best opportunities to investment committee. For every deal that closes, dozens get screened, which makes it one of the most time-intensive, document-heavy jobs in real estate.
Tasks AI will replace
- Reading offering memorandums and pulling out the key deal factsText work
- Keying rent rolls and T-12s into the underwriting modelData entry & cleanup
- First-pass screening of every incoming deal against the buy boxRules-based
- Pulling and normalizing sale and rent compsData entry & cleanup
- Drafting the first version of the investment committee memoStandard documents
- Tracking due diligence items and deadlinesMonitoring
Bigger use cases
Deal assessment agent
Reads the OM, rent roll, and T-12 the moment a deal hits the inbox, screens it against the buy box, builds a first-cut underwriting, flags assumptions that look aggressive, and writes a one-page summary, so the team spends its time only on deals worth pursuing.
Comp finder
Pulls sale and rent comps, normalizes them, and explains why each one is truly comparable, instead of an analyst spending a day in spreadsheets.
Due diligence tracker
Checks every document that comes into the data room against the diligence checklist, flags what's missing, and surfaces anything surprising in what arrives.