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How Can AI Software Optimise Real Estate Investment For Consumers And Proptech Professionals? With Vincent-Charles Hodder & Sara Maffey

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Dec 15, 2021

In this week’s episode of The
Propcast, Louisa speaks with Vincent-Charles Hodder and Sara Maffey
from Local Logic. They talk about how AI can be used to build
better cities that support sustainability and create great
lifestyles for their residents. Vincent and Sara explain how the AI
can help developers make their investments more profitable by
understanding the data that exists outside the four walls of their
buildings.

Companies Mentioned:


Shout Outs:


Key Insights From This Episode: 

  • We’re essentially trying to quantify everything
    outside the four walls of any assets to optimise profitability,
    sustainable. And we think that by leveraging that data, we’re
    enabling data-driven decisions, which ultimately will enable us to,
    make better decisions as to what should be built, where, and making
    sure that what is currently being built in our cities actually
    works for the people that live in them. – Vincent
  • [Local Logic] was such a great solution for
    everything that I’d been looking for. The idea of actually using
    data to quantify objectively, something that you know is so often
    described using gut feel or personal opinion by the brokers and
    various stakeholders in commercial real estate. – Sara
  • Everything outside of the four walls of that
    asset has huge repercussions on the value of the asset, but also on
    what that asset enables people to do or the lifestyle that enables
    people to have. – Vincent
  • We were able to look at leading indicators
    relating to location, and it enabled us to de-risk an investment
    that otherwise we wouldn’t have been able to de-risk and we
    wouldn’t have done. – Vincent
  • There’s a huge, huge push to think about
    sustainability. And I think there’s two major components that are
    currently being looked at, the first one is kind of the operation
    of the building. And then the materials that are being used to
    actually build. – Vincent
  • I think there’s a huge opportunity for
    developers to actually minimize carbon emissions by. building
    denser communities, by making sure that the day-to-day amenities
    are actually within a reasonable distance…this is something that
    we’re seeing a lot of developers take on. – Vincent
  • If we keep building car-centric communities, I
    think we’re not going to be able to hit the targets that we’ve set
    as a society when it comes to emissions. – Vincent
  • There is a demand from investors to start
    getting into more sustainable reporting and our ability to actually
    use data to help tell that story, I think is going to be really
    important. – Sara


Keywords:
Startups,
Construction, Artificial Intelligence, Green Solutions


About Our Guests:

Vincent Charles Hodder


https://www.linkedin.com/in/vincent-charles-hodder-24567326/

Vincent is the CEO and
co-founder of Local Logic, a location intelligence company that
digitizes the built world for consumers, investors, developers and
governments – delivering unrivaled clarity and actionable insights
capable of creating more sustainable, equitable cities. Passionate
about cities, tech, and how they can work together to change how
our cities are built, Vincent has always been at the intersection
of Urban Planning and Real Estate. Prior to co-founding Local
Logic, Vincent co-founded a real estate and urban planning
consulting firm and gained real estate experience working for a
real estate development firm as well as a public affairs firm.
Vincent has a B.A. in Finance from HEC, and studied Urban Planning
at McGill University.


Sarah Maffey

https://www.linkedin.com/in/saramaffey/


Sara
Maffey is the Head of Industry Relations at Local Logic, a location
intelligence company, where she combines her passions for real
estate development and placemaking with data analytics and
PropTech. She is responsible for building Local Logic’s brand,
product exploration and driving the company’s growth across the
U.S. and Canada. Sara has deep experience throughout the built
environment lifecycle. She previously served as the Managing
Director of Placemaking and board member at commercial real estate
services firm Transwestern, where she led the repositioning of
major commercial assets. Her career also includes running her own
consulting firm, Edgewood Strategies, and stints with real estate
brokerage Cushman & Wakefield, the Federal Reserve Bank of Atlanta,
the New Jersey Economic Development Authority, and a Presidential
Management Fellowship with the U.S. Department of Commerce during
the Obama Administration. Her career began in project management at
Turner Construction in New York City. Sara holds a Master’s in
Business Administration degree from Yale University and a
Bachelor’s degree in Urban Design and Architecture from New York
University. 


Company Summary

Local Logic is a location intelligence company.
We built a digital twin of cities, quantifying the built world
using data and AI to interpret the $217T real estate market
throughout the US and Canada. We believe our understanding of
cities, from predicting macro development patterns to describing
the micro experience of specific neighborhoods and sites, gives our
users the ultimate edge. Local Logic delivers sophisticated
location insights through webtools, APIs, one-click reports and a
data analytics platform depending on your needs.


About Our Host

Louisa Dickins


https://www.linkedin.com/in/louisa-dickins-ab065392/?originalSubdomain=uk

Louisa started her career in
property working at a well-known estate agency in London. Realising
her people skills, she moved over to Lloyd May to pursue a career
in recruitment. She now is a Director at
LMRE, who are a specialist recruitment firm driven
by PropTech and recruitment professionals, and Louisa oversees
their 5 core areas. Louisa co-founded LMRE and provides a
constructive recruitment platform to the new disruptors in real
estate. Louisa is also on the board of Directors at UK PropTech
Association (UKPA).


About LMRE

www.lmre.tech

LMRE believe there is a better
way to recruit.
LMRE focus on a more comprehensive, client led focus
delivering exceptional talent to the place at the time. They are
passionate about the industry and passionate about people’s
careers. LMRE spend time with each client to become and an
extension of the business, and their transparency and core values
help them grow with the sector. LMRE simplify recruitment and
innovate with our clients and evolve the people driven, PropTech
community.



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