Cardinal Group Management Releases a New Artificial Intelligence (AI) Leasing Tool
Press Release – DENVER, CO – April 16, 2019 – Cardinal Group Companies, a Denver-based fully-integrated real estate management, investment, construction, marketing, and development firm, has announced a new technological leasing tool. Cardinal’s property management branch, Cardinal Group Management (CGM), worked with Dynasty(recently acquired by AppFolio), a company that uses artificial intelligence and machine learning to automate real estate tasks.
With the vision of management and needs of onsite leasing teams and potential renters in mind, CGM worked with Dynasty to implement “Lisa”. Lisa is an AI and Machine Learning powered product that uses natural language and human intuition to communicate with prospective renters over text messages. Every prospect that calls or emails a community gets a text or email back. Lisa answers questions, schedules tours, and sends the application links. She is not a Chat-Bot, she texts using natural language and learns as she goes. She responds to prospects 24x7x365, so there are no dropped leads. With machine speed and consistency, Lisa enables properties to cut costs, boost revenue, and expand their prospects. Pilot test results showed increased tours, follow-up, and occupancy.
CGM recently released Lisa to two communities in January 2019 and plans to continue expanding. “We believe that artificial intelligence and machine learning will both disrupt and drastically develop our industry. As our society progresses further into the digital ‘always-on’ era, this technology is the future of leasing management and Cardinal is leading the way. We are proud to offer Lisa to our communities and clients. We are investing in this tool specifically because we see the value, convenience, and accessibility it directly provides our customers.” said Cardinal’s Chief Executive Officer, Del de Windt.
Dynasty offers powerful artificial intelligence (AI) solutions for the real estate market. Founded in 2016 by a team of AI experts, Dynasty uses innovative technology and machine learning to automate manual leasing tasks and empower real estate customers to elevate their service and grow their portfolios. Dynasty was acquired by AppFolio, Inc. in 2019.
AppFolio, Inc. is based in Santa Barbara, Dallas, and San Diego and was founded in 2006 by Klaus Schauser and Jon Walker with the mission to revolutionize vertical industry businesses by providing great software and service. Their easy-to-use, cloud-based software helps customers more effectively market, manage and grow their business.
About Cardinal Group Companies
Cardinal Group is a fully integrated real estate management, investment, construction, and marketing firm focused on multifamily housing throughout the country. Headquartered in Denver, Colorado with offices throughout the United States, Cardinal Group is firmly built atop the company’s “Cardinal Culture.” Since 2007, the company has been operating successful partnerships and is relentlessly focused on creating efficiency and above market performance via their commitment to challenging the status quo of the industry. To date, Cardinal Group has developed several best-in-class initiatives, which have earned the company national recognition year after year.
To learn more about Cardinal Group Companies, please visit www.CardinalGroup.com.