JLL has reached an agreement to acquire San Francisco-based Raise Commercial Real Estate, a technology-enabled brokerage considered the go-to for the artificial intelligence sector. The acquisition will provide JLL and its customers with access to Raise’s leasing technology and is expected to close soon. Terms were not disclosed.
According to JLL, the Raise platform is built on proprietary technology to streamline tasks while delivering market-leading digital experiences. This technology complements JLL’s existing leasing technologies, such as Blackbird, and continues to help brokers advise clients when making business decisions.
Founded in San Francisco in 2016, Raise is reportedly the first brokerage to build a digital property management platform. Raise co-founder and CEO Justin Bedecarre will report to Andy Poppink as head of leasing innovation for the Americas and will be responsible for leading the integration of Raise into JLL’s U.S. leasing business.
“We look forward to joining JLL and seamlessly integrating and expanding Raise’s reach and bringing our approach to JLL customers around the world,” said Bedekare. “We look forward to combining Raise’s industry-leading technology with JLL’s exceptional culture, values and customer-centric approach to create even more sophisticated broker-client relationships.”
