The Appraisal Institute (AI) recently announced a partnership with Commercial Real Estate Exchange (Crexi), a commercial real estate marketplace and data platform, to provide AI members with discounted access to its extensive commercial real estate data, including verified sales comparables and market reports, according to a release.
Access to high-quality, reliable data is critical to the credibility of an appraiser’s work. However, there are relatively few comprehensive commercial real estate data providers in the marketplace.
By partnering with Crexi, the Appraisal Institute is helping commercial appraisers gain access to another robust data source, creating efficiencies in the valuation process and enhancing their ability to produce well-supported appraisals, according to the release.
Through this partnership, AI members can leverage Crexi Intelligence, the platform’s premium data solution, to access verified commercial property sales comparables, analyze market trends, and generate comprehensive market reports. These resources will help appraisers strengthen their valuation work with up-to-date transaction data and actionable market insights.
“This agreement with Crexi aligns with our mission to equip AI members with the best tools and resources available to appraisal professionals,” AI President Paula Konikoff said in the release. “Having access to Crexi’s extensive commercial sales data and market reports is another step in ensuring appraisers have the critical information they need to deliver high-quality, well-supported valuations.”
AI members will receive a 20 percent discount on any Crexi Intelligence subscription, making it more cost-effective to access the critical commercial real estate data needed for high-quality valuation work.
“We’re excited to partner with the Appraisal Institute to support its members with the commercial real estate data they rely on,” Mike DeGiorgio, founder and CEO of Crexi, said. “This partnership underscores Crexi’s commitment to empowering appraisers with accurate, real-time insights that enhance their valuation and analysis capabilities.”