By Chris Kelly and Adam Pase
GP and co-founders of Stackpoint
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Book synopsis
AI is changing real estate in two ways that compound. The first is how real estate companies operate: a firm that can underwrite, build, and manage with far less labor and far more speed takes the deal, and the gap hardens into a moat. The second is slower and larger: AI changes which jobs exist, where people work, and how much space it all requires. When those patterns shift, the demand under a building shifts with them.
The book does not predict dates. It tracks triggers: observable signals that an asset is moving from one category to another before the market has priced it in.
By the last chapter, you should be able to:
01
Classify every asset you hold by its real exposure: obsolete, distressed, stable, or growth
02
Read the triggers in your own markets before they show up in pricing
03
Run conservative, base, and aggressive scenarios on any building you own
04
Evaluate AI vendors with a framework instead of a demo impression
05
Lead your team through adoption with bounded, measurable experiments
Authors
Chris Kelly & Adam Pase
Co-Founders & General Partners, Stackpoint
Stackpoint is a venture studio that conceives, builds, and funds AI companies in complex industries such as real estate, insurance, construction, finance, and hospitality. Chris (left) and Adam (right) lead the studio’s investment and operational strategy and work hands-on with the founders of the companies it builds.
Before Stackpoint, they navigated multiple businesses from conception through scale. Chris co-founded Convene, a workplace hospitality platform with 40 locations in 9 cities; his companies have generated over $2B in revenue. Adam co-founded Proof (formerly Notarize), which established the category for online notarization and digital real estate closings. His companies have raised $250M+ and generated more than $2B in equity value.
Why Stackpoint wrote this book
Stackpoint builds AI companies with and for the people who run real assets. Our vantage point is the seam between two industries that rarely understand each other: real estate and AI. We have spent our careers on both sides of it, and over the last three years we have started eight AI companies for the built world, each one beginning with an operator living a specific, expensive workflow problem the market wasn’t solving.
The loudest voices frame AI as destruction to brace against. What we see is a repricing of advantage, and repricings reward the people who move first. We wrote this book to give operators and investors the working knowledge to be those people. If reading it surfaces a problem in your business that no product solves well, we want to hear about it: the next company we start may begin as a conversation with you.
Chris Kelly on preparing real estate leaders and teams to succeed in the age of AI. Download Presentation.
