BY PORTFOLIO ROLE
For lease administration and portfolio teams
REAL holds every co-tenancy clause against the live tenant roster at the property, and flags a violation, and the remedy it triggers, the moment it happens.
Why it matters
Co-tenancy clauses depend on facts that change without notice: an anchor closes, a wing goes dark, occupancy dips below threshold. REAL checks those facts against the lease continuously instead of at the next scheduled review.
1.2B sq ft
analyzed across enterprise portfolios
8M+
tasks processed across enterprise portfolios
14%
average cost reduction across existing REAL clients
Named-anchor requirements, minimum occupancy percentages, and category mix requirements are extracted from every lease and checked continuously against who is actually open at the property today.
Co-tenancy status · Tampa Crossing
Named anchor open
Occupancy ≥ 80% required
Category mix requirement
Checked continuously, not at lease renewal
When occupancy drops below a lease’s threshold, REAL calculates the remedy the clause specifies, whether abatement, co-tenancy termination rights, or a landlord cure period, so the impact is known immediately.
Trigger fired · Tampa Crossing
Before trigger
Full rent
After trigger
50% abated
Remedy
Rent abatement, §16.2(b)Cure period
90 daysREAL surfaces properties approaching a co-tenancy threshold, not just ones that have already crossed it, so a portfolio team can act on a leasing gap before it becomes an abatement.
Co-tenancy risk · Portfolio view
At risk within 90 days
Currently triggered
Healthy
Go deeper
Every workflow, one context
Lease, financial, construction, facilities, and portfolio workflows run on the same asset or location context. What one workflow learns becomes usable by the next, without rebuilding the evidence every time.
Lease Administration
Most CAM leakage hides in a few repeatable places: capital expenditures billed into the operating CAM pool, management fees above contractual caps, an incorrect pro-rata share after a GLA change, base year items that should be excluded, and anchor costs allocated to inline tenants. The work is checking each reconciliation against the specific lease terms, exclusions, and caps. REAL runs that check against every lease, flags disallowed charges and cap breaches with the clause attached, and prepares the recovery letter the moment one shows up.
Missed dates come from tracking obligations in spreadsheets that nobody owns end to end. The fix is to extract every critical date from the lease itself and watch it against the calendar continuously. REAL abstracts the dates and terms, tracks them across the portfolio, and alerts your team before a renewal, option, or break clause window closes.
Most TIA dollars expire unclaimed because the proof is assembled too late. The answer is to track what each lease still owes you and package the evidence as you spend, not after the deadline. REAL tracks remaining allowance per lease, packages the supporting invoices as costs are incurred, and prepares the claim before the submission window runs out.
By tracking each obligation against the lease clause that creates it and acting the moment one slips. A missed build-out delivery can trigger rent abatement, a co-tenancy failure can trigger a remedy, a repair on the landlord’s account should never be paid by the tenant. REAL holds every obligation against the lease and triggers the right at the moment it applies, so what you are owed is recovered instead of absorbed.
Abstraction is the bottleneck because reading every lease by hand does not scale across hundreds of locations. REAL extracts the dates, financial terms, clauses, and rights from each lease and maps them into a structured record, with every field linked back to the page it came from so your team verifies rather than re-reads.
The fields that drive money and risk: critical dates, renewal and termination options, rent steps and escalations, CAM and pass-through terms, co-tenancy and kickout clauses, use and exclusive restrictions, insurance requirements, and landlord work-letter and tenant improvement allowance references. REAL pulls each of these into a structured record with every field linked back to the clause it came from, so the abstract is verifiable rather than just a summary.
Manual abstraction is slow and hard to scale, and a generic tool reads a lease with no sense of what matters in one. REAL is grounded in your own lease data and built on real estate domain context, so it tells a kickout clause from a co-tenancy trigger, maps the output into the formats your lease-admin and finance teams already use, links every field to its source, and routes conflicts and uncertainties to a person rather than guessing.
REAL gives you one place to ask. Your systems of record stay the source of record, and REAL reads across them, the leases, and the plans, so any question about any location gets one sourced answer. You get the single view teams ask for, without maintaining a second database.
REAL handles the documents a real portfolio actually contains: NNN, gross, and modified-gross leases, along with letters of intent, amendments, and work letters, across multi-location portfolios. Scanned, redlined, and inconsistent formats are the expected case, not the exception.
Yes. The point of abstraction is to remove manual re-keying, so the output comes out structured: Excel tables, PDF reports, JSON data, and system-import formats that line up with your lease-administration and project tools. The abstract goes back into the systems your team already works in.
Risk review reads for non-standard language in the sections that carry the most exposure: termination, default, force majeure, assignment, and liability. REAL flags where a lease deviates from standard, prioritizes the high-impact deviations, and attaches a citation to each, so legal and lease-admin time goes to the clauses that actually matter.
See REAL check every co-tenancy trigger against the live tenant roster and calculate the remedy the moment it fires.
Co-Tenancy Enforcement
REAL holds the co-tenancy clause for every lease at the property, including named anchors and minimum occupancy percentages, and checks it continuously against the current tenant roster, so a violation is flagged the moment it happens rather than at the next manual review.
Yes. Once a trigger fires, REAL calculates the remedy the lease specifies, whether that is rent abatement, a right to terminate, or a substitution requirement, so the financial or occupancy impact is quantified immediately.
Yes. REAL tracks co-tenancy from either side of the lease: an occupier confirming its own abatement rights are being honored, or a landlord confirming an occupancy portfolio stays above the thresholds that keep every lease at a property intact.