PropRise

PropRise develops AI-driven software solutions designed to streamline deal sourcing and underwriting processes for commercial real estate (CRE) professionals. Their product suite includes two key offerings. Beacon assists self-storage investors in identifying optimal markets and properties that align with their specific investment criteria across the nation. This tool is utilized by prominent institutional investors, including Public Storage. Primer transforms Offering Memorandums (OMs), rent rolls, and trailing twelve-month (T-12) financials into customized Excel models within minutes, eliminating the need for manual data entry from PDFs. The software meticulously cites the source of each data point and intelligently flags discrepancies between different documents, such as inconsistencies between revenue figures in the OM and financial statements, allowing users to make informed decisions. Teams at leading firms like Monday Properties, LRE, Boardwalk Storage, Colliers, and Lee & Associates are leveraging Primer to accelerate their underwriting processes by up to threefold. PropRise supports a range of asset classes, including multifamily, self-storage, industrial, retail, and hospitality properties. Primer can be implemented within 48 hours and boasts an accuracy rate exceeding 98%.