The Impact of Technology on Real Estate
In "The Impact of Technology on Real Estate," I will discuss emerging technology that will affect various real estate asset classes. Many real estate investors are not including technological risk in their evaluations of opportunities. Having these technological advances on your radar will create an opportunity for you to assess how they will directly or indirectly impact your potential investments. The pace of the adoption of technology is much quicker than markets anticipate. We will dive into a few technologies that are colliding into each other, reinventing products, services, and industries. I will also discuss how COVID along with technological advancement will expedite the timeline for change, just as the 2008 crisis saw the birth of the "Sharing and Gig Economy" the COVID crisis will see the birth of the "Collaborative and Distance Economy."
- Residential is a much safer bet, why?
- Geographical preferences and how they will change.
- Technology will alter the labor pool, giving and taking jobs.
- There are no absolutes. No asset class will disappear.
- The effects of Autonomous Platforms, AI, 3D Printing, Batteries and Solar, VR, and other emerging tech that will affect real estate in various ways.
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About
PIA Residential is a private equity real estate firm with a proven track record, buying and managing residential properties in the Southeast Unites States. The partnership currently owns and operates over 1,200 multifamily units across the southeast. During the last decade, PIA invested heavily in the single-family and medium-sized multifamily market; and through successful management and repositioning, PIA reaped the benefits of tremendous value appreciation. PIA's seasoned team of professionals brings over 180 years of combined experience in selecting, evaluating, structuring, financing, improving, managing, and selling multifamily assets. With an institutional mindset and entrepreneurial spirit, conservative underwriting, and defensive acquisition strategies, PIA strives to produce above-average, risk-adjusted market returns for our Family Office and HNW individual investors.