German asset manager DWS Group has entered into a strategic partnership with and has become a minority shareholder in Skyline AI, a real estate asset management technology company.
Skyline AI uses proprietary artificial intelligence (AI) to source, analyse, acquire, manage and sell institutional-grade real estate investment opportunities throughout US.
The strategic partnership allows DWS to build on its 45 years of expertise in the real estate investment management space through the machine learning capabilities of Skyline AI.
In addition, DWS’s real estate research team and Skyline AI’s data scientists will collaborate to further develop Skyline AI’s proprietary technology.
“This is another step in our strategy to leverage DWS product capabilities to support our clients and make investments where we see opportunities to create value,” said Pierre Cherki, DWS board member and co-head of the Investment Group at DWS.
“Collaborating with an early stage company that uses AI to bolster efficiency and enhance the real estate investment process supports our overall aim of pursuing value for our clients through comprehensive and innovative investment strategies”, he added.