Empowering Leasing Teams with Intelligent Innovation
Curbline, a leading REIT, faced significant challenges in their leasing operations. Time-consuming LOI creation, difficult access to historical deal information, and potential conflicts in new agreements were hindering their ability to respond quickly to market demands and close deals effectively. Moreover, the tedious contract review process was causing substantial time loss in identifying exclusive use terms of other tenants.
To address these pain points, we developed a comprehensive AI-powered solution that delivered game-changing results:
- Rapid Deal Closure: Our AI Leasing Assistant revolutionized the LOI creation process by rapidly generating high-quality drafts based on user-provided deal points and selected templates. This acceleration shortened deals by two weeks, directly impacting Curbline's bottom line through faster tenant placement and rent collection.
- Intelligent Conflict Detection: The AI system intelligently identifies possible conflicts with existing tenant exclusivity terms in seconds, a process that previously required tedious manual review. This dramatically reduced time wasted on deals that would never have passed legal review, allowing the leasing team to focus on viable opportunities.
- Smart Space Matching: Our solution quickly locates available lease spaces and suggests alternative shopping centers if the initial option doesn't match or conflicts with existing tenants. This feature optimizes property utilization and improves tenant satisfaction.
- Enhanced Deal Insights: An AI Chatbot for instant competitive intelligence, seamlessly integrated with their internal documentation system, empowers leasing reps to quickly retrieve and summarize crucial information during client calls.
The result? A supercharged leasing operation that achieved remarkable improvements across the board: a 75% reduction in wasted deal time, 40% reduction in overall deal closure time, and 90% faster identification of potential conflicts. This AI-driven transformation not only accelerated operations but also significantly enhanced the team's decision-making capabilities, confidence, and effectiveness in the field. By placing tenants faster and collecting rent sooner, Curbline saw an immediate, substantial impact on their bottom line. The dramatic shortening of the leasing cycle translated into millions of dollars in additional revenue, demonstrating the powerful financial impact of intelligent automation in real estate operations.
