INFOCUS 22: Carr Properties decreased lease abstraction time by over 90% while improving data quality
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Posted by Quest Customer Learning Team
- Last updated 6/29/23
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Presented at INFOCUS 22
Session ID: 102270
Carr Properties is a privately held real estate investment trust that owns, manages, acquires, and develops high-quality properties in Washington, D.C., Boston, Massachusetts, and Austin, Texas. The company currently owns a portfolio of 16 commercial office properties totaling approximately 5.2 million square feet, one multifamily property totaling 456 units, and two development projects that will add a further 1.7 million square feet of trophy-quality office space to the company’s portfolio. The IT team at Carr has successfully leveraged AI and machine learning to decreased lease abstraction time while achieving clean and perfectly structured lease data. Carr Properties has notoriously been a CRE leader in automation; leveraging data analytics and machine learning to create efficiencies. The latest end to end integrated product, Orchai sets a new industry benchmark.
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