JLL’s Valuation Advisory group has expanded its offerings within Valorem, its proprietary property intelligence and technology tool. This expansion provides a higher level of risk analysis and opportunity for residential and multi-housing clients, according to a JLL press release.
“In talking with clients, we found that sophisticated technology solutions that allow them to access all of their property-level valuation information with the click of a button was critical,” Tony Lenamon, CEO, JLL Valuation Advisory, Americas, said in the release. “The enhancements within Valorem now allow our clients to see how individual attributes impact value and understand macro trends in the data based on each attribute.
“We look forward to expanding advanced, client-facing valuation technology coverage to all asset types nationally,” Lenamon added.
The Valorem platform, which launched in March, provides a single tool for clients to organize and manage their portfolio, property and valuation data. Additionally, the platform provides the ability to collaborate and share information among team members while exploring valuation results, along with portfolio tracking and interactive risk assessment features.
When originally launched, Valorem offered a rental AVM as a way of providing real-time multi-housing rental market values to clients. The AVM is an algorithm-based computer program built by valuation advisory professionals uses statistical models, valuations and JLL’s proprietary database to provide estimates of multi-housing property rental values.
Valorem now offers Capital Value AVM, which can calculate entire building capital values based on multiple variables, including direct cap income approach, detailed property attributes, detailed unit attributes, socio-economic factors and neighborhood and market attributes.
“We are continually improving our technology offerings with the goal of having always-on insights available for all property types at a global level,” said Charles Fisher of JLL Valuation Advisory’s Global Product Team. “Of course, this never negates the need for human intelligence in valuations, which in partnership with leading technology provides the ultimate solution for our clients.”