Data science not only drives performance of real estate, according to BGO’s John Carrafiell, co-founder and co-CEO, and Chris Liedtke, chief data scientist and managing director, but it also informs market selection; buy, hold or sell decisions; and operational efficiency for the firm itself. In an interview published in the May issue of Institutional Real Estate Americas, Carrafiell and Liedtke make the case for BGO’s all-in, early mover approach to incorporating data science in every possible application to real estate investment.
“It comes down to three things. First, performance. At the end of the day, our investors work with us if we can outperform. We believe using data science helps us do that — it improves how we assess risk and return.
“Second, it gives us a competitive edge. We can spot market shifts early — before our peers — and just as importantly, exit markets before the signs are obvious to others. We’re not simply following the
