Practical Uses for AI

Evergreen Devco

A practical look at where AI creates real leverage — for your people, your deals, and your thinking.

Where to Start

AI is a thinking partner and research engine — not a replacement for judgment

The most useful frame isn't "how does AI work." It's "what would I do with an extra ten hours a week, with fifty years of experience still driving every decision."

AI handles the parts of your work that require information processing — research, synthesis, drafting, document review. That frees your team to spend more time on what actually requires expertise: the calls, the relationships, the judgment that doesn't transfer to a machine.

Five areas we'll cover today

  • 01
    Market Research & Site SelectionSubmarket analysis, comp pulls, and tenant demand — compressed from days to hours.
  • 02
    Investor & Partner CommunicationsDeal memos, LP updates, and annual letters — drafted in minutes instead of days.
  • 03
    Due Diligence & Document ReviewLeases, entitlement files, contractor bids — reviewed and summarized at scale.
  • 04
    Institutional KnowledgeFifty years of hard-won wisdom, captured and accessible to the next generation.
  • 05
    Strategic PlanningNew markets, new asset classes, scenario analysis — faster and more informed.

The question isn't whether AI belongs in real estate. It's which parts of your day deserve a human.

01 · Market Research & Site Selection

Submarket research that used to take days now takes an afternoon

Evaluating a new site — demographics, comp supply, tenant demand, zoning activity — means pulling from dozens of sources. AI compresses that cycle dramatically without sacrificing quality.

What used to happen

What AI makes possible

For Evergreen specifically

02 · Investor & Partner Communications

The blank page problem disappears

Investor updates, deal memos, LP summaries, annual letters — these take time not because they're hard, but because starting them is hard.

AI doesn't replace the judgment or the relationships those communications represent. But it removes the friction of drafting — giving your team a strong first draft to react to, refine, and approve. What used to take a full day often takes an hour.

Common uses

  • Quarterly LP updatesFeed AI the project status and key numbers; get back a structured draft letter in the voice you want.
  • Deal introduction memosSite overview, market rationale, return thesis — structured and ready for partner review.
  • Annual investor lettersYear-in-review narrative, portfolio summary, forward outlook — drafted from your notes.
03 · Due Diligence & Document Review

600 projects worth of documents — reviewed faster on every deal that follows

Every deal comes with a stack: leases, entitlement files, contractor bids, environmental reports, title work. At Evergreen's volume, that's a significant ongoing burden on your best people.

AI can review a set of documents and surface the things that matter: key terms, deviations from standard form, clause comparisons across competing contractor bids, plain-language summaries of complex legal language. Your team reads decisions — not documents.

Specific applications

  • Lease abstractsUpload a 60-page lease; get back the rent schedule, options, co-tenancy clauses, and exclusives — summarized in plain terms.
  • Contractor bid comparisonFeed AI three competing GC bids; it identifies meaningful differences in scope, allowances, and exclusions.
  • Entitlement researchPull permit approval timelines, variance patterns, and development history for a target municipality before you commit team time.
04 · Institutional Knowledge

Fifty years of hard-won knowledge, made accessible

The most valuable thing at Evergreen isn't on any website. It's the judgment that comes from having built 600 projects across 200 municipalities — what works, what doesn't, and why.

AI can help capture that knowledge — through structured conversations, document analysis, and pattern synthesis — and make it available in ways that outlast any individual's tenure. For a company thinking about what the next chapter looks like, that kind of continuity has real value.

What this looks like practically

  • Project retrospective analysisAI reviews a decade of completed project records and surfaces patterns: which development types yielded the best returns, where entitlement risk was consistently underestimated, which markets rewarded early entry.
  • Lessons-learned captureStructured conversations with experienced team members, turned into permanent institutional reference — searchable, organized, and transferable.
  • Decision frameworksThe criteria Evergreen uses to evaluate markets, assess tenants, and structure deals — documented and made available to the whole team.
05 · Strategic Planning & New Business

A faster, better-informed thinking partner for the work that only you can do

New markets, new asset classes, new opportunities — the evaluation work that currently sits between a conversation and a decision.

For someone focused on general management, strategic direction, and new business development, AI is most useful as a research and synthesis engine. You bring the judgment — and fifty years of context that no AI has. AI brings the data, the background, and the analytical scaffolding that makes your judgment faster and better supported.

Where it applies at the leadership level

  • New market evaluationBackground on population trends, employment drivers, development activity, and competitive supply in a market you're considering — ready before the first conversation.
  • New asset class researchEvergreen's industrial expansion is a good example. AI can surface what's happening nationally in that asset class, who the active players are, and what the capital market appetite looks like.
  • Scenario planning supportInterest rate scenarios, cap rate assumptions, exit timing analysis — AI can model alternatives quickly so decisions are made with more information.
Getting Practical

Six things Evergreen could do with AI before your next deal meeting

These aren't hypothetical. Each of these works today, with tools that are available now.

  • 01
    Full market snapshot on a new submarketDemographics, competitive supply, anchor tenant trends, and development pipeline — synthesized and ready in under an hour.
  • 02
    LP update first draftGive AI the project status and key financials; get back a structured investor letter in the voice you want — ready to review and send.
  • 03
    Lease comparisonUpload two competing leases and ask AI to surface the meaningful differences in rent schedule, options, co-tenancy, and exclusives.
  • 04
    Site screening memoTurn a set of raw site data into a formatted decision memo for internal review — before the team spends time on a site visit.
  • 05
    Entitlement timeline researchPull permit approval patterns and development activity for a target municipality — so you know what you're walking into before you engage.
  • 06
    Competitive landscape briefWhat major developers have been building in a target market over the past 24 months — who's active, what product type, and at what scale.

The information contained in this presentation is privileged and confidential.