Discover how Artificial Intelligence (A.I.) has reinvented the management of your Letter of
Intent
(LOI) deal flow in Commercial Real Estate
AbstraPoint™ DealTracker™ (APDT™)
The Incredibly
Accurate and Automated LOI Abstraction Deal
Tracking Tool for Commercial Real Estate Brokers
Real estate brokerage requires constant management of multiple deals simultaneously. When it
comes to managing your ongoing transactions, LOI data abstraction can be quite cumbersome;
coupled with the need to manually update and constantly track the progress of each
back-and-forth.
APDT™ is a revolutionary cloud-based AI-powered tool designed for commercial real estate,
allowing brokers to accurately abstract LOI data in seconds, saving hours in administrative
deal-tracking. Improve efficiency and rely on APDT’s powerful AI technology to highlight
and
track the important details of all your LOI transactions.
Automated LOI Abstractions, pin-point accurate in seconds
Manage and automatically update your ongoing deals in an easy-to-use table environment
Fully customize your workspace the way you work
Discover how this cloud-based AI-solution is disrupting the status-quo in the real estate industry -
a solution that is incredibly powerful, easy-to-use and can be adapted to different commercial real
estate businesses.
Eliminate the labor-intensive task of manually abstracting LOI information into a
spreadsheet.
Let A.I. update your deal tracking as your LOI evolve between each back and forth.
Have the status of all your deals and next steps at your finger-tips, neatly
organized in an
easy-to-use personalized table environment.
Watch a one minute video from our founder about our vision for Abstra™
Automation is the savvy real estate broker’s friend. APDT™ allows brokers to quickly
accomplish
time-consuming work so they can focus on closing more deals. Abstract your data with a single click
and save up to 12 hours a month.
APDT™ helps
manage the constant back-and-forth of LOI negotiations as documents progress. Instead of manually
updating spreadsheets, APDT simplifies this process by letting you abstract the next negotiated LOI
and will update the APDT™ DealTracker accordingly.
No need to manually update Excel tables or other
customary deal tracking tools as negotiations evolve for each transaction. Instead, let APDT™
take
care of this administrative process.
What makes APDT™ such a powerful and revolutionary software tool is its ability to understand
the
information in a document based on context, just like a human being. Based on how the information is
presented and how the document is formatted, APDT™ can intelligently sort relevant information
from
irrelevant phrases in the document, allowing it to focus on the right data instantly with pinpoint
accuracy.
Apply to receive an invite to participate in our Beta program to experience this ground-breaking
technology for Commercial Real Estate for yourself. Slots are limited.
Packed with Features - An Eco-system for Commercial Real Estate Broke
Display the abstracted data either in a big-picture table or details of the LOI in a highlighted
document within an intuitive split-screen environment.
AI auto-categorizes LOIs by tenants for Tenant representation or by properties for Landlord
representation, visualized through tabs.
Our AI features auto-groups and auto-updates LOIs automatically as deals evolve during
negotiation.
APDT™ auto-recognizes Author and Markets and auto-tags Trade Areas based on the LOI
abstracted.
Share deal information and status of LOIs with third parties authorized to see the
information by simply sending them a link.
What Data is Abstracted from an LOI?
APDT™ can extract the following data (fields) from a common LOI, provided the information
exists in
the document:
Project Name
Project Street Address
Project State
Project City
Project Suite
Landlord
Tenant
Delivery Date / Possession Date
Size (SF)
Base Rent PSF (Year 1)
Abated Month(s) and Amount
NNN Estimate for Real Estate Taxes (RET)
NNN Estimate for Common Area Maintenance (CAM)
NNN Estimate from Insurance (INS)
NNN Estimate for Marketing / Promo Fund
NNN Estimate for Other
Tenant Improvement Allowance
Term
Renewal Options
Percentage Rent
APDT™ is able to abstract NNN-Leases for Retail and Office Leases.
As long as the document follows the AP LOI Document
Standard, APDT™
will achieve near perfect extraction of the data.
The AP LOI Document Standard lays out a standard how an LOI for the commercial real estate
brokerage should be drafted. Approximately 95% of all LOIs in use in the commercial real
estate industry today already follow this norm.
All forms of abstraction (both manual and machine-based abstractions) contain an element of
subjectivity. For example, a human abstraction for an LOI for “Delivery Date” may
say
“Anticipated Delivery on March 1, 2024” while APDT™ may abstract only the
date “March 1,
2024”. Although the meaning of both interpretations are the same, whether it is
important
to include the phrase “Anticipated Delivery” in the abstraction is subject to
personal
preference.
We are planning to expand ADPT’s™ AI engine capability in the future to take into
subjectivity as well for abstractions based on user input.
APDT™ is able to understand LOIs from retail and office leases. Currently APDT is
only able
to abstract only NNN LOIs, but we have plans to cover ground based leases LOIs as well.
Click here to get in touch with us to participate in our beta program.
We keep all documents with APDT™ strictly confidential and do not share any of the
LOIs
with any third party.
APDT™ will accept doc, docx, and text-based pdf formats.
The average time it takes for AP to abstract an LOI varies based on the complexity of the
document, available data in the LOI, and document type. However, the abstraction should be
complete in 90 seconds or less.
Yes. While abstracting the LOI, APDT™ will perform key checks in regards to the
accuracy of
the document. E.g. APDT™ double checks if the city name is spelled correctly (for U.S.
cities only). It also makes sure that the total NNN estimate of the LOI is the sum of the
individual cost elements that comprises the total NNN estimate.
