AI-Powered Office CRE Underwriting
Tackle lease abstraction complexity, tenant rollover risk, TI allowances, and opex escalation modeling with AI built for office acquisitions teams.
The Challenge of Office Underwriting
These are the problems acquisitions teams face every day when underwriting office deals manually.
Lease Abstraction Complexity
Office leases with rent steps, free rent periods, expense stops, CPI escalations, and amendment histories are among the most complex to abstract in CRE.
Tenant Rollover Risk
Concentrated lease expiration schedules, single-tenant exposure, and below-market renewal options create downside risk that requires careful scenario analysis.
TI Allowances & Leasing Costs
Office TI allowances of $50-100+/SF represent massive capital commitments. Accurately modeling TI, LC, and downtime on rollover is essential to avoid overpaying.
Opex Escalation & WFH Impact
Rising operating expenses, utility costs, and the long-term impact of hybrid work on office demand add layers of uncertainty to office underwriting.
How RealQuant Solves Office Underwriting
Purpose-built AI that understands office deal documents and maps to your proprietary model.
Comprehensive Lease Abstraction
Every rent step, concession, and clause extracted.
RealQuant reads office leases and OMs to extract base rent schedules, free rent periods, expense stop provisions, CPI escalation clauses, renewal options, right of first refusal, co-tenancy requirements, and amendment details. Every value is cited to its source.
Rollover Risk Analysis
Visualize your lease expiration exposure.
RealQuant maps lease expiration schedules, calculates WALT, and flags concentrated rollover risk. See SF rolling by year, identify below-market tenants, and understand your re-leasing exposure.
TI/LC & Opex Modeling
Capital costs and escalations extracted accurately.
Extract TI allowances, leasing commissions, downtime assumptions, and opex escalation rates from offering documents. RealQuant populates your CapEx and operating expense schedules for precise cash flow modeling.
Direct-to-Model Population
Your office model, populated with full citations.
All extracted data flows into your proprietary Excel office model. Rent rolls, lease abstracts, opex budgets, and CapEx assumptions land in the right cells. Formulas are never modified.
Your Office Underwriting Workflow
From document upload to IC-ready model in four steps.
Upload Office OM & Lease Documents
Drop in the offering memorandum, lease abstracts, rent roll, and trailing financials. RealQuant identifies each document type and extracts data automatically.
Review Lease Abstracts & Tenant Details
See every lease abstracted: base rent steps, free rent, expense stops, escalations, renewal options, and tenant creditworthiness. Verify against the source with one click.
Populate Your Underwriting Model
Extracted data flows into your mapped Excel template. Rent roll, lease expiration schedule, opex, and TI/LC assumptions are auto-populated.
Scenario Analysis & IC Presentation
Model lease renewal vs. new-lease scenarios, adjust TI/LC and downtime assumptions, and stress-test occupancy. Your office underwrite is IC-ready.
Office Underwriting FAQ
Common questions about using RealQuant for office deals.
Yes. RealQuant extracts base rent schedules (including rent steps and free rent periods), expense stop provisions, CPI escalation clauses, renewal options, and tenant details for every tenant in a multi-tenant office property. Each value is cited to its source page.
RealQuant extracts operating expense line items, base year expense stops, CPI escalation provisions, and CAM charges from leases and operating statements. This data populates your Excel model so you can project opex growth and tenant recovery accurately.
RealQuant gives you the accurate baseline data to model any scenario, including hybrid work impacts. Extract current occupancy, sublease exposure, and lease rollover risk from offering documents, then use your Excel model to stress-test demand assumptions.
Yes. RealQuant extracts broker-quoted TI allowances ($50-100+/SF for office), leasing commission schedules, and downtime estimates. These populate your CapEx and leasing cost schedules so you can model renewal vs. new-lease scenarios for every tenant.
Ready to Underwrite Office Deals Faster?
Join acquisitions teams already using RealQuant to parse documents and populate underwriting models in minutes, not hours.