AI-POWERED LEASE AUDITING FOR CRE PORTFOLIOS

Leases Create Value
Systems Lose It

Most portfolios manage leases like static documents. Firststreet treats them like live commitments and recovers the 1–5% of NOI that slips through the gap.

The Cost of Doing Nothing

$2T
in lease obligations moved onto corporate balance sheets under ASC 842
3–5%
of annual occupancy costs left unrecovered without a lease audit
$1.5T
in commercial real estate debt maturing by end of 2026
$17–20
in asset value destroyed for every $1 of annual NOI lost to lease execution errorsBased on a 5–6% cap rate

Trusted for commercial lease governance across office, retail, and industrial portfolios

Lease Governance
NOI Protection
Revenue Accuracy
Continuous Monitoring
Audit-Ready Findings

A Governance Layer Between Lease Language and Financial Execution

Firststreet creates a system-level control layer between what leases require and what your teams and systems are actually executing. It structures lease obligations, monitors financial execution, and surfaces discrepancies before they compound across the portfolio.

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Property Management ERP & Accounting FIRSTSTREET Lease Agreements

PLATFORM CAPABILITIES

Lease Governance at Every Stage of the Cycle

Firststreet sits above your systems of record, interpreting every lease obligation and monitoring whether it is executed correctly, across every team, at every stage.

LEASE GOVERNANCE  ·  EXECUTION AT ALL STAGES IN THE CYCLE
01 Document Ingestion

Investment & Leasing

Interpret every obligation from draft to execution: Offering Memorandums, rent structures, escalation logic, CAM caps, and risk clauses flagged before you sign.

02 Lease vs. ERP Config

Property Management

Monitor whether your lease terms are correctly configured in Yardi, MRI, or any system, and surface discrepancies the moment they appear.

03 Variance Detection

Finance & Accounting

Detect revenue leakage from miscalculated rent, missed escalations, and billing lags, with evidence-backed corrections ready to apply.

04 Portfolio Risk

Asset Management

View execution risk and financial exposure across every asset. Measure how much your governance program has recovered.

SYSTEMS OF RECORD

WHAT INDUSTRY LEADERS ARE SAYING

THE PLATFORM

See Lease Governance in Action

Firststreet turns lease obligations into structured, reviewable oversight across the portfolio.

Firststreet platform — lease governance workspace

Every department touches the lease

Firststreet ensures every obligation inside the lease is executed correctly across the portfolio.

ENTERPRISE-GRADE SECURITY

Built for the Security Requirements
of Institutional Real Estate

Firststreet handles sensitive lease documents and financial data for some of the largest portfolios in commercial real estate. Our security program is designed to meet the compliance requirements of institutional owners, operators, and their counterparties.

Data Encryption
AES-256 encryption at rest and TLS 1.3 in transit
Access Controls
Role-based permissions, SSO, and MFA enforcement
Audit Logging
Full audit trail for all data access and changes
Availability
99.9% uptime SLA with redundant infrastructure
SOC 2 Type II
In Progress
ISO 27001
Information Security
GDPR
Compliant
CCPA
Compliant
AES-256
End-to-End Encryption
Pen Tested
Annual Third-Party Audit

INSIGHTS

Lease Governance
Intelligence

Research, analysis, and perspective on lease execution risk, commercial real estate operations, and the governance gap costing owners real money.

Glass office tower representing commercial real estate portfolio
LEASE GOVERNANCE

The Hidden Cost of Lease Execution Gaps in Commercial Real Estate

Missed escalations, unenforced CAM caps, and misconfigured recovery structures: execution discrepancies affect the majority of commercial portfolios and compound silently across every billing cycle.

Business professionals reviewing documents in a commercial real estate office
AI & TECHNOLOGY

Why General-Purpose AI Cannot Govern Commercial Real Estate Leases

ChatGPT can summarize a lease. It cannot tell you whether the escalation clause was executed correctly in Yardi last quarter. CRE governance requires purpose-built AI, not general-purpose tools.

Modern commercial building interior atrium
PORTFOLIO OPERATIONS

CAM Reconciliation Errors Are a Systemic Risk, Not an Accounting Problem

CAM disputes don't start at year-end reconciliation. They start when lease obligations are misconfigured at commencement. Every billing cycle that follows compounds the error.

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See How Firststreet Applies Lease Governance Across Your Portfolio

Request a demo to see how Firststreet identifies lease execution risk, surfaces discrepancies, and helps strengthen financial control across commercial real estate portfolios.

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High-rise office buildings in a commercial real estate district

FAQ

No. Firststreet works alongside existing systems such as Yardi or MRI. It acts as a governance layer that monitors whether lease obligations are being executed correctly across those systems, without disrupting existing operational workflows.

No. While Firststreet interprets lease documents, the primary function of the platform is governance. It structures lease obligations and continuously monitors whether those obligations are being executed correctly across the portfolio, going well beyond traditional lease abstraction.

No. Firststreet combines AI-powered extraction and analysis with review by licensed CPA professionals. The AI handles the speed and scale of obligation extraction and cross-referencing across your lease portfolio. The professional review ensures every finding is accurate, defensible, and ready to act on — whether that means a billing correction, a tenant communication, or a presentation to ownership.

Firststreet identifies discrepancies between lease language and operational execution. This can include missed escalations, incorrect recovery structures, billing configuration errors, CAM cap violations, and other forms of revenue leakage that are difficult to detect through manual review.

Firststreet is designed for commercial real estate owners and operators, particularly finance leaders, controllers, lease administration teams, and asset managers who are responsible for portfolio income and operational execution accuracy.

Implementation is designed to be minimally disruptive. The platform works alongside existing systems and focuses on analyzing lease documents and operational data rather than replacing operational workflows. Most implementations do not require significant changes to existing processes.