Artificial intelligence (“AI”) is emerging in commercial real estate and in the coming years, purchase and finance decisions will be increasingly influenced by AI. The most cutting-edge AI technology will be concentrated in the hands of sophisticated real estate investors and lenders that join forces with the technology developers. In this article, special counsel Ari Aranda and former Schulte lawyer Brock Jacobi discuss the potential impact of AI technology on acquisitions, loan originations and fund formation, including new opportunities for arbitrage based on exploiting differences in pricing and information.