As artificial intelligence (AI) begins to reshape real estate investing, the biggest obstacles to adoption are not technical but cultural. According to Ben Miller, CEO of Fundrise and co-founder of RealAI, generational dynamics inside firms are slowing meaningful change even as AI is already embedded in day-to-day investment work. In an exclusive interview with IREI, Miller discusses why younger analysts quietly using AI are already producing core investment outputs, yet senior leaders worry about the erosion of alpha — a reaction that mirrors the slow adoption seen during earlier shifts, from the internet to cloud computing. He also outlines what institutional real estate firms must do now to move from experiment
