Greystone, a leading national commercial real estate finance company, announced it has been recognized by Realcomm with a 2024 Digie Award for Best Use of AI in Commercial Real Estate.

Greystone was recognized for its implementation of AI to transform real estate processes and significantly reduce manual efforts, by 85%, in its audits and data reconciliation. Greystone applied AI tools for the extraction, comparison and analysis of data in lease documents and third-party reports in order to streamline and enhance decision-making capabilities.

“AI has proven to be a valuable tool for the CRE sector that helps reduce redundancy in tasks and increase efficiency, ultimately enabling our transaction teams to work more strategically,” said Beth Hamilton, Executive Vice President, IT Strategy & Operations. ”We thank Realcomm for this honor and the recognition of our efforts.”

The Digie award winners were announced at Realcomm | IBcon 2024. Since its inception in 1999, this prestigious award recognizes outstanding companies, real estate projects, technologies and the next generation of smart, connected, high-performance, intelligent building systems, that have gone above and beyond to positively impact and transform our industry using technology, automation and innovation.