Keyway

Keyway is a commercial real estate technology platform that leverages artificial intelligence to streamline real estate transactions for small and medium-sized businesses. Founded in 2020 and headquartered in New York, the company initially focused on facilitating sale-leaseback transactions for business owners, particularly in the medical, dental, and veterinary sectors. Keyway's platform uses machine learning and data science to source, underwrite, and manage properties, aiming to reduce transaction times by 90% and fees by 50% compared to traditional methods.

The company's technology, now branded as Keypilot, incorporates over 300 data sources and 1,200 data points for each asset to assist in property sourcing and underwriting. Keypilot offers features such as a filtering service and chatbox for property searches, automated underwriting calculations, and tools to manage the closing process and ongoing asset performance evaluation. As of July 2024, Keyway had expanded its focus to become an AI-powered real estate investment manager, offering solutions for multi-family and sale-leaseback investments.

Keyway's business model has evolved since its inception. Initially, the company managed real estate deals for investors, but it later pivoted to offer its proprietary software as a standalone product. This shift came in response to client demand for direct access to the technology. As of November 2023, Keyway was targeting transactions below USD 10 million, a segment often overlooked by larger institutional investors. The company reported having USD 50 million in asset transactions as of April 2022, with an average transaction size of around USD 2 million. Keyway aimed to facilitate at least USD 200 million in transactions by the end of 2022.