REAL at CoreNetOct 26–28

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Lease Administration / TIA Recovery

Collect every TIA dollar before the right expires.

REAL turns each tenant improvement allowance into a live recovery workflow: what the lease promised, what has been spent, what is eligible, what evidence is missing, what has been reimbursed, and what needs to happen next.

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Define the entitlement, exactly as the lease states it.
Today, 12:45 PMlease administration

REAL structures the allowance amount, per-square-foot logic where applicable, eligible and excluded uses, landlord work obligations, draw mechanics, milestones, completion requirements, submission deadlines, and any condition that controls payment.

Allowance terms · Suite 220, Meridian Plaza

Allowance

$42.00/RSF

Draw structure

Two staged draws

Submission deadline

120 days post-occupancy

Structured from the current lease and amendment chain

The allowance is negotiated once. Recovering it can take months of cross-functional follow-up.

  • TIA recovery sits between the lease, construction, AP, accounting, landlord requirements, and a deadline
  • The money can be committed in the lease and still go uncollected if eligible costs are not matched to the right conditions, required evidence is incomplete, or the draw is submitted too late
  • REAL keeps the entitlement, spend, documentation, deadline, landlord response, and remaining balance in one active workflow
01

Define the entitlement, exactly as the lease states it.

REAL structures the allowance amount, per-square-foot logic where applicable, eligible and excluded uses, landlord work obligations, draw mechanics, milestones, completion requirements, submission deadlines, and any condition that controls payment.

Allowance terms · Suite 220, Meridian Plaza

Allowance

$42.00/RSF

Draw structure

Two staged draws

Submission deadline

120 days post-occupancy

Structured from the current lease and amendment chain

02

Match project spend to the lease that governs it.

Invoices, pay applications, construction costs, approvals, and completion evidence are connected to the allowance terms that actually govern reimbursement, not a generic checklist.

Spend match · Suite 220, Meridian Plaza

Allowance

$378,000

Eligible spend to date

$291,400

Already reimbursed

$150,000

Outstanding recoverable

$141,400
03

Build the recovery package the lease actually requires.

REAL assembles the documents the specific lease requires for the next draw and surfaces missing items, such as invoices, lien waivers, certificates, or approvals, before they hold up reimbursement.

Tenant improvement build-out in progress inside a retail space

One agent is powerful.
A suite is transformative.

Each REAL agent is an expert in its domain, built to share context and act on what the others know. The more agents work in your portfolio, the more complete each one’s view of it becomes, and the stronger every decision your team makes.

FacilitiesRight issue. Right owner. Right action.Connect asset condition, service history, contracts, work orders and site context to prevent failures and route the work that needs attention.Explore Facilities
ConstructionCatch the gap before it becomes cost.Connect drawings, standards, estimates, bids, scope, contracts and project history from first plan through final cost.Explore Construction
Portfolio StrategyRun the portfolio decision across every location.Combine economics, leases, physical feasibility, operations, market context and external constraints to rank what to do next.Explore Portfolio Strategy
Lease AccountingFrom ASC 842 to every lease-related payment.Maintain lease accounting, validate CAM and rent changes, control payments and trace every calculation back to the governing source.Explore Lease Accounting
Lease AdministrationTurn every lease term into action.Keep rights, obligations, dates, notices and recoveries current across the full lease portfolio, with the governing clause attached to every action.Explore Lease Administration

Key term: Tenant improvement allowance in the commercial real estate glossary.

FAQ

Initial agents live in two weeks.

Start with one or two high-value workflows, connect the required data and documents, measure the result, then expand across domains.

  • A tailored onboarding for every enterprise.
  • Fitted to how you actually work.
  • Continuous support as your portfolio evolves.