Prophia
Prophia provides AI-powered lease abstraction and portfolio management solutions for commercial real estate, integrating with systems like Yardi and MRI to streamline asset data management.
Services
Prophia provides a suite of AI-powered solutions for commercial real estate professionals. These services include lease abstraction, due diligence, portfolio analytics and reporting, and rent roll automation. Prophia integrates with third-party systems like Yardi and MRI, offering specialized solutions for office, retail, industrial, medical office, and life sciences properties. The platform supports unlimited users per account and offers customizable user permissions for data visibility.
Products
Prophia offers two main packages: the Essentials Package and the Portfolio Intelligence Package. These packages are designed for both short-term acquisition due diligence and ongoing portfolio management, with pricing based on tenant or square footage. The platform features interactive stacking plans, dynamic lease summaries, comprehensive reporting, and a Portfolio Performance Dashboard. Reports are highly customizable and Prophia's data is available in minutes through AI/ML, with a quality review process taking one to three business days.
Technology
Prophia uses advanced generative AI to manage and streamline asset data. The platform leverages machine learning and human review techniques to maintain over 99% accuracy in its data. Additionally, Prophia is certified for SOC 2 security criteria and hosted on AWS. It offers two-factor authentication, single sign-on (SSO), and other advanced security features to protect user data.
Customer Base
Prophia serves a diverse customer base, including companies like RXR, Nuveen, and FD Stonewater. The platform is used to manage over 1,800 locations and has scanned over one million pages of CRE documents. Prophia's solutions are utilized by various roles in the real estate industry, including asset management, property management, lease administration, and leasing/brokerage.
Data and Reporting
Prophia manages the largest private commercial real estate dataset in the world, covering 272 million square feet, 2,749 buildings, 120,292 CRE documents, and 14,692 tenants. The platform provides highly customizable reports that can be generated at different levels of CRE data, with features like automated intelligence reporting in the Portfolio Intelligence package. Data from Prophia's system is available within minutes after uploading, ensuring timely and accurate insights for portfolio management.