For owners and operators
REAL reads every lease and every expense, builds the pool the lease allows, and produces a reconciliation your tenants can verify line by line. It runs on top of Yardi, MRI, and the systems you already own.
1.2B sq ft
analyzed across enterprise portfolios
8M+
tasks completed
SOC 2 Type II · ISO 27001
single-tenant architecture
Every pool built from the clause that allows it.
Applied where the lease provides for it, at the occupancy the lease names.
Tracked year over year, compounding correctly.
The right square footage and the right occupancy, every time.
Calculated on the base the lease defines.
Statements ready inside the deadline the lease sets.
CAM reconciliation for landlords
The CAM reconciliation agent runs the full annual cycle from the lease through to the statement your tenants receive.
Recoverable definitions, exclusions, caps, gross-up provisions, admin fee bases, and audit rights, extracted and structured.
Expenses classified against what each lease allows, so every pool holds what it should.
Gross-up at the occupancy the lease names, caps carried forward correctly, exclusions applied by clause.
The right denominator, the right square footage, the right method, per tenant.
Every figure delivered with the clause and the invoice line behind it.
System of execution
REAL layers on top of the systems your team already runs. Leases, general ledger, and rent roll connect as they are, and the agent works from your data in place. No migration, no replatform, no second source of truth to maintain.
Integrations
REAL is the execution layer on your systems of record. Nothing gets replaced.
REAL runs today inside some of the most complex portfolios in the United States, including CVS Health and The Aspen Group. Both are occupiers, and both use REAL to hold every charge to the lease. The same reading, the same calculation, and the same traceability produce your reconciliation. Accuracy reads the same from both sides of the lease.
Your data stays yours
REAL runs on single-tenant architecture, so your leases, your general ledger, and your rent roll live in your environment alone. Your data is never used to train REAL or any third-party model.
Trace · CAM statement, tenant 1142
“$87,500 recoverable share, FY25.”
Outputs trace back to the source document, section, and extracted record. When a tenant asks how a figure was reached, the answer is already attached.
SOC 2 Type II
Independently audited
ISO 27001
Certified
Single tenant
Dedicated authentication, database, storage, and keys
BYOK
Your encryption keys, your key management program
No-train commitment
Your data powers your answers only
Human review
Critical decisions require approval before action
Days 1 to 7
Leases, general ledger, and rent roll connect securely. No major IT project required.
Days 8 to 14
A REAL engineer tunes the agent to your lease structures, your expense categories, and your reconciliation calendar.
First cycle
The agent produces statements your team reviews and sends.
Bring a property and a set of leases. We will show you the pool, the shares, and the trace behind every figure.
For owners and operators
From the method the lease specifies, using the denominator that lease defines. Leased area, gross leasable area, and occupied area produce different results, and REAL applies the one your lease names rather than a portfolio default. Where the lease provides for gross-up, the variable pool is restated first, then each share is calculated against it.
The agent works the full cycle. It reads every lease for recoverable definitions, caps, exclusions and gross-up provisions, classifies each expense against what the lease allows, builds the pool, calculates each tenant's share, and packages the statement with the clause and ledger line behind every figure. Your team reviews and sends.
It depends on the lease. Most commercial leases require the reconciliation statement within 90 to 180 days after the lease year ends, and 120 days is the most common term. Many leases also carry a failure to reconcile provision, which can limit the right to collect an underpayment if the statement arrives late. REAL tracks the deadline in every lease and works backward from it.
Yes. The statement package includes the tenant letter, the expense detail, and the supporting clause reference for each line, ready for your team to review and send.
From this year's actuals against each lease's cap structure, so the monthly estimate you bill starts closer to where the true-up will land.
A gross-up restates variable operating expenses as though the building were at a set occupancy, commonly 95 percent, so that occupied tenants carry the share they would carry in a full building. It applies to variable expenses only, not to fixed costs such as taxes and insurance. REAL applies gross-up where the lease provides for it, at the occupancy the lease names.
Yes. REAL is a system of execution that runs on top of your existing stack. Your accounting system remains your accounting system, and REAL works from the lease, ledger, and rent roll data already in it.
REAL runs single-tenant architecture. Your environment has its own authentication, database, storage, and encryption keys, with no shared data plane. Your data is never used to train REAL or any third-party model, and it never informs another customer's answers.
Every figure REAL produces carries the lease section and the ledger line behind it. When an audit request arrives, the supporting record is already assembled rather than reconstructed.