1REC’s mission is to lower the barrier to entry to offline retail, and one of these barriers is understanding the pool of complex legal documents that govern everything about your real estate: the terms of acquisition, maintenance, and exit. Artificial intelligence has been rapidly disrupting every industry it touches, and real estate is no different. We hope this resource can support you in your real estate endeavors, whether you’re a brand, landlord, broker, or anyone else!
And for more general retail expansion needs, we also have a Retail Expansion Coach that is trained on our course offering.
How it Works
We recommended using Real Estate Counsel AI when doing any work that ingests or outputs real estate text:
- Create a GPT Premium Account
- Ensure your document(s) are readable if you plan to upload them
- You should be able to highlight characters and words with your cursor
- If you cannot, use a free OCR service
- Generally, Word docs are better than PDFs
- Upload your documents or paste the text from your documents (these are not saved after the session ends).
- Note that you are not required to upload documents to use Real Estate Counsel AI.
- Ask away!
About Our AI
A little about our AI:
- Powered by OpenAI
- GPT-Powered
- Model: GPT-4
- Version: GPT-4 Nov 6
- Learn more about OpenAI and ChatGPT
Have a question or use case you’d like us to explore or document? Let us know by emailing contact@1rec.co!
Access Our GPT-Powered Assistants
You can access 1REC’s Real Estate Counsel AI with the below links:
How to Use 1REC’s Retail Expansion Coach
1REC’s GPT-Powered Retail Expansion Coach can support you in various ways across all aspects of going from “clicks to bricks.” See our use cases below — but don’t feel limited! You can ask it anything you’d like:
Strategy
What is the purpose of brick and mortar stores?
How do I measure success?
How should success change over time?
Finance & Forecasting
How do I estimate a new store’s sales?
How do I measure my risk exposure?
What should my go / no go criteria be?
Design & Construction
What are the stages of design and construction?
Which vendors should I bring on?
How should I think about a new store buildout budget?
Operations & Management
Walk me through the NSO process
Which teams should be supporting the retail channel?
How should I approach building a staffing and labor model?
How to Use 1REC’s Real Estate Counsel AI
1REC’s GPT-Powered Real Estate Counsel can support you in various ways before, during, and after negotiating a deal. See our Use Cases below and click into them for the prompt examples: