JLL Acquires Raise Commercial Real Estate, Expands Leasing Tech Platform

JLL has reached an agreement to acquire San Francisco-based Raise Commercial Real Estate, a technology-powered brokerage that’s regarded as the go-to for the artificial intelligence sector. This acquisition gives JLL and its clients access to Raise’s leasing technology and is expected to close shortly. Terms were not disclosed.

Built on proprietary technology, the Raise platform streamlines tasks while providing a market-leading digital experience, according to JLL. This technology will supplement JLL’s existing leasing technology, such as Blackbird, to continue helping brokers advise clients in making business decisions.

Founded in San Francisco in 2016, Raise reportedly was the first brokerage to create a digital real estate management platform.  Co-Founder and CEO of Raise Justin Bedecarre will report to Andy Poppink as head of Americas leasing innovation and will be responsible for leading Raise’s integration into JLL’s U.S. leasing business. 

“As we become a part of JLL we look forward to seamlessly integrating and expanding Raise’s reach, bringing our approach to JLL’s clients around the world,” said Bedecarre. “We are eager to pair Raise’s industry-leading technology with JLL’s exceptional culture, values and client-centric approach, to create an elevated broker and client relationship.”

Pictured: Justin Bedecarre.