Fundrise has unveiled RealAI, a new tool designed to provide advanced real estate market analysis to individual investors. This platform utilizes a vast database containing 3.5 trillion data points on properties across the United States, aiming to challenge the data dominance held by major asset managers such as Blackstone and TPG Angelo Gordon.
Priced at $69 per month after a free trial of 12 uses, RealAI will initially focus on residential properties, including both single-family homes and multifamily units. CEO Ben Miller highlighted that this innovation is a pivotal move towards making essential real estate insights accessible to everyday investors.
Fundrise, which currently manages assets worth $3 billion for over 2 million investors, seeks to democratize real estate investment. The introduction of RealAI is part of this ongoing mission, with plans to enhance its capabilities to cover all commercial real estate sectors within the next six months. By integrating public records with private databases, users can now perform detailed property evaluations and market comparisons, a task that previously necessitated extensive resources.