Prescient, a building information modeling (BIM) design and building technology company, announced Nov. 15 the creation of Powered by Prescient. A subsidiary of Prescient, Powered by Prescient will acquire strategic minority stakes in promising real estate development projects throughout the United States. This will, in turn, the company hopes, help real estate developers and investors bring down total building costs significantly and improve construction time, money savings, and risk reduction by leveraging Prescient’s technology platform and model-centric design. By partaking in a strategic equity stake at the outset of a project, Powered by Prescient aims to help drive needed efficiencies and productivity from concept to completion.
According to Powered by Prescient co-founder Jeff Johnson, a managing partner at private equity firm Lakeshore Holdings, the company offers a compelling new avenue for investors.
“Sophisticated institutional and high–net worth investors are always seeking to identify a unique advantage when committing capital. Powered by Prescient is a real estate private equity firm that succeeds by using the most disruptive and innovative products available for its building projects,” said Johnson in a statement. “We integrate those building innovations with investment innovations to produce superior risk-adjusted real estate returns for our investors. The Powered by Prescient team is off to a tremendous start and I am incredibly excited to grow this business moving forward,” Johnson added.
Since 2013, Prescient has experienced a compounded annual growth rate of 119%.