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Stock impact report

Public Storage and Welltower Announce Strategic Data Science Partnership to Advance Application of AI in Real Estate Investing

Public Storage (PSA) 
Last public storage earnings: 4/30 04:00 pm Check Earnings Report
Company Research Source: Business Wire
FRISCO, Texas & TOLEDO, Ohio--(BUSINESS WIRE)--Public Storage (NYSE: PSA) and Welltower (NYSE: WELL) today announced a strategic data science partnership bringing together Welltower’s industry-leading data science-driven capital allocation expertise and Public Storage’s scaled operational, pricing, and customer analytics capabilities.Welltower’s industry-leading data science platform – the company’s umbrella term encompassing machine learning, deep learning, and AI – was formed in 2016 and has since been led by a multidisciplinary team of Ph.D. computer scientists, engineers, statisticians, and mathematicians. This data science-driven capital allocation engine is designed to dynamically direct capital to the highest risk-adjusted return opportunities across acquisitions, developments, dispositions and lending. While Welltower’s platform has historically been focused on capital allocation, Public Storage has developed best-in-class operational data science capabilities as part of i Show less Read more
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