TEL AVIV, Nov 20 (Reuters) – German asset supervisor DWS Group mentioned on Tuesday it has entered right into a strategic partnership with and develop into a minority shareholder in Skyline AI, an actual property asset administration expertise firm.
Monetary particulars weren’t disclosed.
Skyline AI makes use of synthetic intelligence to analyse, purchase, handle and promote institutional-grade actual property funding alternatives all through the USA.
DWS’s actual property analysis crew and Skyline AI’s knowledge scientists will collaborate to additional develop Skyline AI’s expertise.
“That is one other step in our technique to leverage DWS product capabilities to the advantage of our purchasers and make investments the place we see alternatives to create worth,” Pierre Cherki, board member and co-head of the funding group at DWS, mentioned. Based in 2017, Skyline AI has workplaces in New York and Tel Aviv. It’s backed by Sequoia Capital, JLL, Nyca Companions, TLV Companions and others. (Reporting by Tova Cohen)