Case Study: Top 10 REIT and Tailorbird

The Challenge

This top 10 REIT rapidly grew through large-scale acquisitions. Despite their size, they still executed their asset management business plan through a lean renovation team. This team used legacy tools, manual processes, and repeated site-walks to scope projects, collect bids, and award vendor contracts.

Ultimately, this approach could not scale with their operations. The renovation team were asked to operate faster and with greater urgency than their tools and processes allowed. This led them to seek a software solution, and to find Tailorbird.

The Solution

Tailorbird is an AI-driven tool built for multifamily due diligence, capital project planning, and portfolio management. This top 10 REIT used Tailorbird to replace multiple legacy processes including property data collection, manual project scoping and budgeting, and vendor bidding and management.

The Result

In 2024 alone, this top 10 REIT used Tailorbird across 38 acquisitions, and 33 capital projects with a total budget of $124 million. They achieved significant results, including:

• $4.5 million in Capex saved through more accurate project budgeting, more competitive vendor bidding, automated property data collection, and maintaining a lean team with no headcount added.
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• 80%+ faster capital project planning through automation and streamlined processes, that let this REIT go from issue identification to signed contracts in just 1 month (not 6+ months).
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• 11.6x ROI through cost savings, business acceleration, and increased productivity for a team where one construction manager was able to organize all projects and budget spend.

Bring these results to your organization with Tailorbird. Schedule a consultation and targeted demo.

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