Overview
PropRise is an AI-powered investment platform centering on the commercial real estate market, particularly focusing on the self-storage sector. Founded in 2023 by Jean-Michael Diei and Matthew Krager, PropRise is part of Y Combinator's S23 batch, with its headquarters in San Francisco. The company aims to transform the investment landscape by utilizing artificial intelligence to analyze unconventional market signals to discover promising self-storage investment opportunities.
Core Offerings
PropRise positions itself as a leading data and analytics provider by applying AI and machine learning techniques to uncover hidden opportunities in the self-storage market. Its platform offers detailed analytics on market trends, automating the deal-sourcing process, thereby allowing users to stay competitive through timely alerts for listings that meet precise criteria.
Key Features
- AI-Powered Discovery Engine: Facilitates the efficient identification of lucrative self-storage investment opportunities.
- Comprehensive Submarket Analysis: Offers in-depth insights into various submarkets, enhancing decision-making accuracy.
- Automated Alert System: Provides timely notifications of new listings and emerging opportunities in commercially viable markets.
- User-Centric Interaction: Allows investors to easily filter and identify ideal listings, significantly reducing traditional market analysis time and effort.
Leadership Team
- Jean-Michael Diei, Co-Founder & CEO: Leverages expertise as a machine learning engineer in developing advanced real estate tools.
- Matthew Krager, Co-Founder & CTO: Oversees technical innovation and operational architecture at PropRise.
- Kenny Sandon, Director of Sales: Manages business development and customer relations, with a marketing background from Northern Arizona University.
- Tom de Jong, Advisor & Broker: Specializes in self-storage and industrial assets, supports strategic initiatives with substantial industry experience.
Testimonials from Industry Leaders
- Shimon Kanter, VP of Development: Commends PropRise for drastically reducing manual efforts in deal sourcing.
- Thaddeus Campbell, Director of BD: Acknowledges PropRise's efficiency in quickly identifying promising sites.
- Andrew Beranek, Development Manager: Applauds PropRise's ability to discover and secure new markets rapidly.
- Alexander Clark, Principal: Highlights the platform’s role in enabling first-attempt offer submissions.
Recent Developments
PropRise is demonstrating significant industry engagement through competitions and continuous adjustments to their value proposition, aiming to meet the evolving needs of real estate investors. The company's commitment lies in expanding its influence within the self-storage sector by augmenting the investment process with data-driven insights and advanced technological solutions.
Competitor Profiling
Key Competitors
PropRise operates within a competitive landscape featuring several prominent companies in the real estate analytics and investment domain, all leveraging technology to provide innovative solutions.
CoStar Group
- Industry Position: CoStar Group (NASDAQ: CSGP) is a premier provider of commercial real estate information and analytics, boasting the most extensive U.S., Canada, and European real estate data database. Their platforms offer clients unparalleled insights into property values, market conditions, and availabilities.
- Key Services: Provides subscription-based platforms for intelligence, lease administration, portfolio management, and lease analysis. Online services, including LoopNet and Apartments.com, attract millions of visitors monthly.
- Market Influence: CoStar’s significant data assets and a robust marketing strategy, including a $1 billion Homes.com campaign, solidify its strong market presence.
Fundrise
- Business Model: Fundrise offers a real estate investment platform emphasizing accessible private market investments. Through eREITs and eFunds, it provides diversified portfolios free from stock exchange volatility.
- Innovation: Facilitates tech-driven investments and recently acquired a $770 million credit line from J.P. Morgan. It prioritizes ease of access and in-depth market analytics for users.
- Competitive Pricing: With a low entry point of $10, it appeals to a wide range of investors, challenging traditional investment paradigms.
Offerpad
- Focus: Simplifies real estate transactions via a tech-oriented platform, offering services like cash offers and renovations.
- Growth Strategy: Founded in 2015, expanding with strategies like PriceLock for price assurance. Strategic partnerships boost its service capabilities.
- Market Positioning: As a 2025 HousingWire Tech100 honoree, Offerpad demonstrates competitive strength in the PropTech industry.
GoodStorage
- Sector: Offers urban storage and self-storage solutions across various sectors in São Paulo, Brazil, managing over 200,000 m² of facilities.
- Market Niche: While not in direct competition in investment analytics, GoodStorage's focus on space efficiency makes it relevant in the broader real estate market.
Other Competitors
- Arx and Whiterock AI: These competitors are noted in the AI-driven real estate and investment technology sector, though detailed information is limited.
