A lease is 60 pages and three amendments.
The current terms are the lease as modified by everything signed since. Missing a notice date or an expansion right costs real money, and finding it means reading all of it again.
Industries · Real Estate
Ten leases in. Every date, option and clause out, with the page it came from
Abstract leases, normalize rent rolls and review offering memoranda in the Excel and SharePoint your team already works in. Every value links back to its page. Anything unclear goes to a person.
Send ten redacted leases. Get the abstracts back, with the page citations.
Runs in your VPCNo training on your dataCitations on every claimApproval before anything sends
What customers say
“It's good to understand the capability of the platform. That how far, and how quickly you guys can get these things going [...] that has been impressive overall.”
“Lets us get a lot more out of our data than [...] We can sit on top of all of the data in [our data warehouse] as opposed to just, like, our little ingested, you know, three gigabytes semantic models. I think we have a lot of power here.”
“Gave Athena the spreadsheet, explained which column I was trying to figure out, and then ten secs it told me... exactly how the calculation was based on the other data.”
“He wrote the entire stuff. By itself. And I was there, and I was thinking, alright. If I had to write all this stuff, I mean, I would've spent days, days, days.”
“I send that to the programmer and he said, alright. I read your file. I copied the section of the code because he has the right interface, and it works. Wow. Just like magic.”
“One workspace. All different, let's say, avatars of their output data. Right? Suddenly, it's dashboard. Excel is here. PowerPoint is when it's all together. It's very impressive.”
“Use the Athena platform probably closer to the concept and how it was designed, like, with the spaces architecture where you've got a set of primitives and capabilities, and you bring together the right set of capabilities to solve a task.”
“Digital worker, it gets spun up, it gets given access to the toolkits that it needs. It gets given access to the data that it needs. Just exists for the period it needs to exist to perform the task. And then it gets torn back down again afterwards.”
“I like that direction, that concept of the agent is the agent. It becomes an entity in its own right with its own ownership and its own missioning, and you get rid of the gray area and the blurry lines.”
“It was PowerPoint... there was no kind of distinction between the two. So that was killer. And I literally had a meeting on it today, and people said how great it was.”
Verbatim from customer calls. Customers anonymized.
Challenges
What real estate teams have to get right
Comps and availabilities live in someone’s spreadsheet.
Brokers update them in the field, from a phone, between showings. Operating expenses, asking rent, landlord, flyer link: current only while the person who owns the file remembers to edit it.
Every deal is different, and the history is in the inbox.
What did we get from this landlord last time? What concessions are realistic? The answer is in past proposals, term sheets and email threads, and no one has time to read them all before the next call.
Use cases by team
What real estate teams run on Athena
Leasing & asset managementThe lease as it stands today, not as it was signed.
Lease abstraction
Commencement and expiry, renewal and termination options, notice windows, rent steps, expansion and contraction rights, assignment and subletting, co-tenancy, exclusives, operating expense and tax recovery. Each value cited to the page, in an Athena Sheet or your own abstract template.
Amendment stacking
Read the lease and every amendment in order and state what is currently in force, with the clause that changed it.
Critical dates
A calendar and a weekly digest of notice deadlines, option windows and expirations across the portfolio, with the source for each.
Recovery and CAM reconciliation
Compare what the lease says a tenant owes with what was billed. Differences listed with the clause, for an analyst to review.
Brokerage & advisoryNegotiating intelligence and a live comps file.
Proposal history for a landlord
Before a negotiation: every prior proposal and term sheet with that landlord, the concessions achieved, and where the current ask sits. It works in native Excel on SharePoint, with real-time sync, so brokers keep the interface they use.
Availability and comps tracker, updated from the field
Tell Athena by text or voice, “The new OpEx for 101 Main is 14.50.” Athena updates the cell and logs who changed what. No login required.
Investment & acquisitionsFrom the data room to a first-draft memo.
Offering memorandum review
Extract the financials, the rent roll and the risks. Normalize them into your underwriting inputs, with every figure cited.
Rent roll normalization
Rent rolls from different owners and property managers mapped into one schema. Unreadable rows flagged, not guessed.
Data room to IC memo
The same cited-memo workflow as on the finance page, for property acquisitions.
Draft valuation packages
Comps assembled from sources you license, formatted in your template, for a licensed professional to review. Athena does not issue an opinion of value.
Portfolio & reportingOperating statements in one shape, variances explained.
Property financial roll-up
Operating statements from many properties normalized, variances explained for an analyst to review, and the board or investor report built in your template.
Development & site selectionRules and markets, watched for you.
Zoning and permit watch
Municipal code, agendas and permit portals checked on a schedule. A digest with the source and retrieval time.
Trade-area market maps
Cited market maps and a development committee pipeline deck, assembled from sources you approve.
Corporate real estateFor retailers, restaurant groups and healthcare systems with real estate teams.
Lease portfolio
Leases, LOIs, site packages and franchisee pipelines spread across PDFs, email and spreadsheets, read, abstracted and tracked in one place.
Example workflow
A quarterly lease portfolio review across 300 leases
Illustrative workflow, shown on synthetic data.
Integrations
The systems real estate teams already run
Athena works with the files and systems you already use, with each user’s permissions, and can run in your VPC.
Files & mail
SharePointOneDriveOutlookGmailLocal files
Office
ExcelWordPowerPointTeamsSlack
Data platforms
SnowflakeDatabricksSQL databases
Property, lease and market data
By API where one existsGoverned browser where none doesMarket data you license
Channels
TextVoiceTeamsEmail
What to plan for
Athena is not a property management system, a lease administration system or a data provider, and it does not value property. It works on top of your systems. Bring your licensed market data; Athena does not include it.
Security and compliance
What your security review will ask
Attribution on every change, including edits made by voice. Zero data retention at every model provider.
Runs in your VPC
Managed cloud, your cloud account, on-prem or air-gapped.
Zero data retention (ZDR) with every model
No customer data used to train any model. Zero-data-retention agreements in place with every model provider Athena calls.
SOC 2 Type II
Athena holds SOC 2 Type II certification. Your compliance team can request the report through the standard process.
Attribution on every change
Every value, edit and output stamped with the session, the person or agent, and the source it came from.
Approval gates
No outbound email and no write to a lease or property system without a named approver.
Permissions inherited
Athena reads with each user’s access to the folders and systems.
For every stakeholder
Answers for everyone who signs off
How do I know the abstract is right?
Every value cites its page. Low-confidence pages go to a reviewer. Compare against your own abstracts on the first ten leases before relying on it.
Do my people have to change tools?
No. The analysis runs in native Excel on SharePoint. Updates also work by text or voice.
Does it value the property?
No. It extracts and normalizes the inputs and drafts the memo. The underwriting judgment is yours.
Can this run in our environment?
Yes. VPC, on-prem or air-gapped, with zero data retention at every model provider.
What will Athena not do?
It is not a system of record, a data provider or an appraiser.
FAQ
How accurate is lease abstraction?
It depends on the documents. Every value cites its page, low-confidence pages go to a person, and you measure accuracy against your own abstracts on a first batch before relying on it.
Does Athena read scanned and handwritten amendments?
It reads scans. Where confidence is low it flags the page for a reviewer rather than guessing.
Can it work in the Excel our brokers already use?
Yes. It works in native Excel on SharePoint, and edits sync in real time with attribution.
Does it replace our lease administration system?
No. It reads the lease documents and can write to your system after approval.
Do we need to provide market data?
Yes. Athena works with sources you license or approve.
Where should we start?
With ten redacted leases and the abstract template you already use.
One platform underneath
AGS · Athena Governance System
Records every change by a person or an agent, rolls back one contributor's edits without losing anyone else's, and keeps the model, instructions, and sources behind each agent action.
Palladium · deployment
How the platform is deployed: Athena's managed cloud, your cloud on AWS, GCP, or Azure, on-prem, air-gapped, or GovCloud. Same platform in every option.
How it fits together
Build, Work, and Data on top; 150+ connectors and every surface in and out; one map of the whole platform.
Related
Athena Library
Run this on a schedule
Ready-made real estate briefs you can run on a schedule.
Send us ten leases.
We will send back the abstracts with the page citations.
Runs in your VPCNo training on your dataCitations on every claimApproval before anything sends