Retail leases contain more variable income structures than any other asset class. Percentage rent thresholds, co-tenancy triggers, exclusivity enforcement, and multi-pool CAM structures create execution risk that compounds silently across the portfolio.
of retail leases contain at least one CAM configuration error at commencement
average annual revenue variance per anchor tenant with unmonitored percentage rent
average time before a billing error surfaces through tenant audit
Retail leases contain more variable income structures than any other asset class — percentage rent thresholds, co-tenancy triggers, CAM exclusion sets, and exclusivity provisions that compound silently when misconfigured.
of gross retail revenue recoverable through systematic lease governance
reduction in year-end CAM dispute volume with continuous monitoring
average time saved per reconciliation cycle with automated variance detection
Firststreet interprets each lease's percentage rent structure — including natural and artificial breakpoints, reporting periods, and applicable sales categories — and monitors billing execution against that structure continuously. When a discrepancy is detected between reported sales, the applicable breakpoint, and the amount billed, Firststreet surfaces an evidence-backed finding with the specific clause language, the billing configuration, and the calculated variance.
Yes. Firststreet maps co-tenancy obligations from each lease — including the specific anchor tenants, occupancy thresholds, and rent modification provisions — and monitors occupancy data against those conditions. When an anchor departure or occupancy change triggers a co-tenancy provision, Firststreet identifies the affected leases, the contractual obligation, and the required billing adjustment.
Firststreet connects to your existing property management system — including Yardi, MRI, and RealPage — using data exports or direct integrations, without changing system-of-record ownership or existing workflows. CAM configuration data is pulled from the PMS and validated against the interpreted lease obligations, surfacing discrepancies before reconciliation statements are issued.
Rent escalation monitoring, TI allowance tracking, and operating expense reconciliation across office portfolios under pressure.
NNN expense recovery validation, renewal option window monitoring, and maintenance responsibility tracking at portfolio scale.
Unified lease governance across retail, office, and industrial components — one control layer for the entire portfolio.
Request a demo to see how Firststreet governs percentage rent, co-tenancy obligations, CAM recovery structures, and exclusivity provisions across your retail portfolio.