Use valuable insights from your lease data to transform your business
Whether you’re in due diligence or asset management mode, real estate lease abstractions can take anywhere from four to eight hours per lease. This is a mind-numbing amount of time for anyone to spend pouring over old, scanned documents. In addition, complex leases have intricate terms and conditions like CAMs, assignments, amendments, escalations, co-tenancies, and expense reimbursements that need to be carefully reviewed and documented. Finally, all of this information has to be ported over to existing accounting and data repository platforms.
Go beyond data extraction and gain insights from your leases.
Remove manual mistakes and identify data discrepancies.
Optimize your lease portfolio and base decisions on accurate data.
Unlock opportunities for increased earnings.
Utilize AI to help meet the complex needs of the real estate sector
Dramatically reduce lease abstraction time and never miss a critical date or cost saving opportunity again.
Gain a complete audit trail
Extracted data points are linked to source information, providing a full audit trail that paper-based processes and spreadsheets just can’t offer.
Integrate quality data
Integrate directly with your Proptech solution to ensure that quality data gives your team the power to make strategic decisions about the entire portfolio.
Key Facts about AI lease abstraction
years of algorithm development
users gaining insight from data
How AI lease abstraction works
AI lease abstraction
Contract Intelligence can identify hundreds of unique data points in any document, ranging from covenants to amounts to critical dates and terms and conditions. Easily extracting data out of the most complicated due diligence documents such as real estate leases, loan and credit agreements, purchase agreements, appraisals, rent rolls, and other documents can greatly speed up the transaction process.
Transparency in the process is critical to maintaining integrity, and with links back to original documents, you can ensure that the interpretation is accurate and consistent with the original intent.