How JLL Asset Beacon Powers Slate’s $8B of Global AUM

Twenty years ago, Slate Asset Management (“Slate”) was founded with a focus on buying the right assets at the right basis and executing proactive management initiatives to maximize value. What started as a handful of professionals managing a small portfolio of office buildings in Toronto has grown to a specialized team of nearly 120 managing over 600 assets across Canada, the US, and Europe. This global expansion would not be possible without the transparency and efficiency provided by JLL Asset Beacon.

JLL Asset Beacon is Slate’s centralized asset management hub; every asset across the firm’s global portfolio is uploaded and maintained, providing asset managers with extensive detail on the tenant, asset and fund level in real time. Having key information at their fingertips has allowed Slate to make better decisions faster and underpinned their asset management success.

For example, JLL Asset Beacon allows Slate’s team to readily compare rental rates across their portfolio when negotiating leases, understand industry exposures globally, and track key leasing events. Data from JLL Asset Beacon underpins Slate’s investor reporting and provides the team with real time insights on property and portfolio performance metrics. It also acts as the firm’s main way of sharing information with lenders, auditors, and investors globally.

JLL Asset Beacon has become Slate’s single source of truth for their entire portfolio and is used regularly by individuals across a variety of functions. Slate has over 600 assets uploaded to the platform today, providing the team with thousands of data points used to drive integral decision making and underpin its investor reporting. It is the first thing many employees open when they get to their desk, and its reports are leveraged on a daily basis when executing upon key strategic initiatives. Not having to switch between systems for leasing, operating, and financial data and having confidence that the data is correct saves employees countless hours, and has allowed Slate to scale its team quickly and efficiently as the firm has grown.

“JLL Asset Beacon is our go-to for everything in our portfolio; without it we would spend hours gathering data before we could make decisions. It makes us better managers every day,” says Blair Welch. Slate has designed its internal processes and procedures to be centered around Beacon, which has enabled the firm to achieve sustainable growth.

Through partnership with JLL, Slate is a key client and partner for JLL Asset Beacon and works closely with the team to suggest new features and leverage new functionality. As the business grows and evolves, JLL Asset Beacon has grown and evolved as well. “We are excited to see how JLL Asset Beacon will continue to advance and leverage new technologies and AI to make us even better managers,” Blair adds.

Learn more about how LL Asset Beacon can increase efficiency and change the way you work to help make better decisions faster.

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