Archer, an AI-powered real estate technology platform, announced that its enhanced platform is expanding beyond a multifamily tool: users can now conduct market research for all major commercial property types, including multifamily, retail, industrial, office and hotel.
Archer’s enhanced platform allows users to view on-market, off-market and recently sold properties. Seller propensity markers inform users which off-market deals may be likely to transact in the near future. Properties are ranked against a user’s specific strategy to help them spend their time efficiently.
The expanded platform includes a Property Details page which lets users view the specifics of a property they are interested in. Information on sales, financial and rent comps, as well as how well a property matches with a user’s strategy, is all clearly displayed.
In addition to including all property types, the expanded platform contains deal-specific data and analytics. Users can now identify properties likely to come to market with Archer’s proprietary seller intelligence. Archer’s back-testing showed a 44% improvement on the ability to identify a property likely to transact in the next year using Seller Propensity markers.
“With Archer’s updated platform, it’s easier than ever to proactively find off-market deals,” said Cameron Pringle of Manor Development. “Using Archer’s data and AI to find properties likely to sell soon gives me a huge competitive advantage.”
The platform ranks properties according to how well they match a specific user’s strategy, allowing Archer’s clients to screen deals and find on- and off-market properties they’d like to pursue quickly and efficiently. Once they’ve identified a property, users can take advantage of Archer’s property-level analytics to make smart investment decisions. They can view curated financial, sales and rent comps and fully underwrite a property with one click.
