Dottid AI ‘Assistant’ for Commercial Real Estate Operations to Debut at CREtech

The firm said that the first version of Dottid AI is designed to seamlessly integrate into the daily operations of CRE teams. The feature will roll out to all Dottid users in the fall.

Dallas-based Dottid, a proptech company disrupting the commercial real estate industry for asset managers and their teams, announced Dottid AI, which marks the company’s initial move towards empowering asset management teams with a suite of AI features within Dottid.

Dottid CEO Kyle Waldrep said the new AI features represent the company’s belief that “great technology is the foundation of strong asset performance.”

Asset operations are “more critical than ever” in commercial real estate, Waldrep says. Dottid will “continue to build and expand feature sets” in response to market needs.

The firm said that the first version of Dottid AI is designed to seamlessly integrate into the daily operations of CRE teams. The feature will roll out to all Dottid users in the fall.

It uses individualized portfolio data of Dottid users to expedite CRE workflows and quickly retrieve real-time portfolio information. That all happens via an intuitive chat interface powered by AI, Dottid said.

With it, CRE teams can make well-informed decisions, enhance performance, and ensure data accuracy in a way that fits naturally into their existing workflow, Dottid said.

With direct access to a user’s specific portfolio data and insights, the company said that Dottid AI becomes an “indispensable assistant” to an asset management workflow and provides a dynamic help desk to ease onboarding and ensure users fully utilize the features within the platform.

‘A powerful yet user-friendly tool’

In September Dottid AI will debut at CREtech in New York, which bills itself as the Built World’s Largest Innovation and Sustainability Event.

Senecca Miller

Dottid Chief Technology Officer Senecca Miller thinks the CRE industry is “about to witness a transformation” thanks to Dottid’s AI tech, which gives asset managers with “instant portfolio insights and data-driven decisions.”

It’s more than a flashy tech add-on: “We are excited to offer asset managers and CRE teams a powerful yet user-friendly tool that will give them an edge over competitors and streamline their operations like never before,” he said in a statement.

Highlighting the company’s forward-thinking approach, the CTO emphasized Dottid’s role as “pioneers in the proptech industry, pushing boundaries and delivering innovative solutions.”

Last fall, Dottid’s chief technology officer Senecca Miller spoke with Dallas Innovates about how the company was evolving. Over the previous year, Dottid focused on “doubling down on client success and cultivating strong partnerships,” the CTO said. 

That also included the creation of specialized vertical engineering teams to better align with customer needs, and “invested heavily” in developing leaders on its engineering, product, and sales teams, he said at the time.

Dottid VP of Engineering Vidroha Debroy, an adjunct professor at SMU who joined Dottid in 2021, said the company’s integration of AI capabilities offers a host of new opportunities for users.

“Dottid is leading the way in this innovative transformation that will revolutionize asset management for commercial real estate,” he said.

Last year, CTO Miller noted clients were “heavily leaning” to automation and data realization. The CTO outlined key areas of increased demand:

  • Automation – Clients want to be able to set up processes once and have downstream actions happen automatically in an event-driven way.
  • Data utilization – Customers are looking to make data-driven decisions, so they want their asset data to be readily accessible and actionable.
  • Asset data ownership – There is a move away from marketplaces toward prioritizing ownership and control of asset data.
  • Integration – Seamless integration with third-party tools is becoming more important, rather than an all-in-one platform approach

Dottid aims to “truly affect” organizational change, Miller previously told us. The best solutions are focused on the customer: “We view transformation through the lenses of cooperation.” 

Get on the list.
Dallas Innovates, every day.

Sign up to keep your eye on what’s new and next in Dallas-Fort Worth, every day.

One quick signup, and you’re done.  

R E A D   N E X T

  • Dottid, a fast-growing startup founded in 2018, aims to disrupt the $2.3T commercial real estate industry. Its latest technology could save asset managers and dealmakers both time and money by consolidating multiple platforms into a single operations solution.

  • Jim Lake and Amanda Moreno are turning 40,000 square feet of real estate in downtown Cedar Hill into a mixed-use development with offices, restaurants, residential, and retail space. The $14 million project, which has yet to be named, builds on Jim Lake Companies' Bishop Arts success.

  • Local developer and consulting firm Innovan Neighborhoods is leading the roundtable's efforts to increase affordable housing in the region while accelerating the revitalization of underserved communities around Dallas. With initial funding from JPMorgan Chase, "flexible capital" could help boost needed projects. "When we put funds and resources behind innovative solutions, we can see neighborhoods and communities set up for long-term success,” says Maggie Parker, Innovan's founder and managing partner.

  • AI Master's Degree UNT

    Innovators across North Texas and entrepreneurs all over the U.S. are racing to launch (and patent) the latest breakthrough AI. That can lead to IP policy issues as emerging tech hits the market. On February 8, the U.S. Patent and Trademark Office will a public meeting to discuss how to promote innovation in AI and Machine Learning tech, to be held virtually and in person at the Arts District Mansion in Dallas. "The takeaways will shape future work on AI and ET policy," says USPTO Director Kathi Vidal.

  • Mohr Partners Inc., a top-three global occupier-focused corporate real estate services firm, has hired Russell Gum as managing director of client solutions. Gum, a 26-year corporate real estate veteran, will be based at Mohr Partners' global headquarters in Dallas and report directly to Chief Commercial Officer Misti Meggs. Gum aims to leverage his two-plus decades of experience managing large, complex real estate portfolios for Fortune 500 clients. With Mohr Partners' best-in-class full-service corporate real estate platform, he expects to see "great outcomes" for corporate and healthcare clients." In his new role, Gum will work directly with Mohr Partners' existing corporate…