Mixed-use portfolios combine the execution complexity of every asset class into a single ownership structure. Firststreet unifies lease governance across retail, office, and industrial components — one control layer for the entire portfolio.
more lease clause types requiring active monitoring in mixed-use vs. single-asset portfolios
average NOI variance identified in mixed-use portfolios in year one of governance deployment
unified lease governance across retail, office, and industrial obligations
Mixed-use portfolios concentrate the execution risk of every asset class into a single governance problem — percentage rent, CPI escalations, NNN caps, co-tenancy triggers, and TI obligations all running simultaneously, often with the same administrative resources.
Common area costs allocated across retail and office tenants create disputes when allocation logic isn't applied consistently across component types — each tenant expects their lease-specific methodology, not a blended approach.
Firststreet validates allocation against each lease's specific methodology and flags cross-component inconsistencies before reconciliation statements are issued.
Anchor tenant contributions that reduce other tenants' CAM recovery are frequently misconfigured in PMS systems, causing landlords to overcharge smaller tenants and creating year-end dispute exposure across the portfolio.
Firststreet tracks contribution obligations and validates net recovery against each lease's required methodology before statements go out.
Escalation structures differ by component and lease vintage — applying retail logic to office leases or vice versa causes systematic errors that compound across the portfolio without surfacing as visible exceptions.
Firststreet applies the correct escalation methodology to each lease regardless of portfolio complexity, validating billing output against interpreted terms at every anniversary date.
lease obligation visibility across every asset class from day one
of NOI recovered on average across mixed-use portfolios in year one
replaces fragmented tracking across teams, systems, and spreadsheets
Firststreet interprets each lease according to the governance logic applicable to its asset class — retail percentage rent and co-tenancy structures, office escalation and TI obligations, industrial NNN and renewal option requirements — and monitors execution against those interpreted terms continuously. The platform surfaces findings organized by asset class, obligation type, and severity, giving each team visibility into the obligations relevant to their component without requiring a unified system of record.
Yes. Firststreet maps each tenant's CAM methodology — including applicable recovery pools, exclusion sets, gross-up elections, and cap structures — and validates that shared area cost allocations are applied consistently across component types. Cross-subsidization errors, where one group of tenants absorbs costs that should be allocated differently, are surfaced as evidence-backed findings before reconciliation statements are issued.
Yes. Firststreet connects to multiple property management systems — including Yardi, MRI, and RealPage — and can ingest data from different systems used across different asset classes within the same portfolio. Lease obligation data is normalized across systems, so the governance layer operates consistently regardless of which PMS manages each component.
Percentage rent monitoring, co-tenancy trigger detection, and multi-pool CAM reconciliation for retail portfolios.
Rent escalation tracking, TI allowance monitoring, and operating expense reconciliation for office portfolios under pressure.
NNN expense recovery validation, renewal option window monitoring, and maintenance responsibility tracking at portfolio scale.
Request a demo to see how Firststreet governs mixed-use lease obligations across retail, office, and industrial components in a single, unified platform.