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Case study · PropTech / Commercial Real Estate

From a listing to the investment committee — one explainable AI workflow.

An AI investment platform for commercial real estate — sourcing, underwriting, and due diligence that used to take analysts weeks, compressed into one explainable workflow.

Client
TerraPrime
Industry
PropTech / Commercial Real Estate
Year
2025
Role
Design & Engineering
average thesis match score
89%
pipeline under management
$312M
TerraPrime Underwriting — explainable AI risk score, projected returns, and red flags
Overview

Commercial real estate still runs on PDFs, spreadsheets, and weeks of analyst time.

Commercial real estate investing still runs on PDFs, spreadsheets, and weeks of analyst time. Sourcing, underwriting, and due diligence live in disconnected tools — so by the time a deal is screened, the best opportunities are gone, or a risk buried in a lease clause on page 12 is missed entirely.

TerraPrime collapses the full deal lifecycle into one AI system. An always-on agent sources deals against the investor's thesis, an explainable model underwrites them with projected returns and red flags, and a document engine reads every OM, lease, and rent roll to surface risks and extract key terms. A predictive portfolio layer and a fractional-ownership marketplace close the loop from first look to ongoing management.

The defining principle is trust: every answer is a glass box. The copilot shows exactly how it reached a result, cites the page a number came from, and scores the confidence of each source — so an investment team can act on it, not just read it.

Grounded in every source · traceable to the page in one click
$312M
Pipeline under management
1,240
Active listings scanned per thesis
6.8%
Avg cap rate surfaced across matched deals
89%
Avg thesis-match score on sourced deals
TerraPrime Deal Sourcing — thesis-driven auto-matching with ranked pipeline and live activity feed
Thesis-driven auto-matchingThesis match

An always-on agent scans thousands of active listings against the investor's thesis, scores each for fit, and keeps a ranked pipeline updated through a live activity feed.

TerraPrime Underwriting — six-factor risk score, projected returns, and red flags
Explainable AI underwritingRisk score

A transparent risk score across six factors, projected returns (IRR, equity multiple, DSCR), surfaced red flags, and what-if scenarios driven by interest-rate and vacancy sliders.

Where it was breaking down

Where real estate AI usually breaks

01
Black-box scoring

Models spit out a number with no reasoning, so investment teams can't defend it to a committee — and won't trust it.

02
Stale pipelines

By the time deals are manually screened, the best opportunities are already gone.

03
Buried risk

A termination clause on page 12 of a lease gets missed, and it only surfaces after the money's committed.

How we built it

Five moves from thesis to launch.

01
Phase 1
Discovery & thesis modelling

Mapped the CRE deal lifecycle and modelled how an investor thesis should drive sourcing and screening.

02
Phase 2
Data & agent architecture

Built the always-on sourcing agent and data pipelines that keep a ranked deal pipeline live.

03
Phase 3
Explainable underwriting + document extraction

Shipped transparent underwriting scores, projected returns, and document analysis with page-level citations.

04
Phase 4
Glass-box UI

Designed the copilot and reasoning panels so every answer shows how it was derived and how confident each source is.

05
Phase 5
Launch

Closed the loop with portfolio intelligence and the fractional-ownership marketplace.

The system

Six capabilities. One glass-box platform.

Thesis-driven sourcing agent

An always-on agent that scans listings against the investor's thesis and keeps a ranked pipeline updated.

Explainable underwriting

Transparent risk scores, projected returns, red flags, and what-if scenarios — every factor visible.

AI due-diligence extraction

Ingests OMs, leases, and rent rolls; extracts key terms with page-level citations and severity-flagged clauses.

Predictive portfolio & alerts

Forecasts portfolio value, monitors allocation and risk, and raises AI alerts for anomalies and opportunities.

Fractional-ownership marketplace

Buy fractional stakes in institutional-grade assets and trade them on a 24/7 secondary market.

Glass-box reasoning with source citations

Every answer shows how it was derived, cites the page a number came from, and scores source confidence.

What we built

One explainable AI workflow across the full deal lifecycle.

TerraPrime sources deals against thesis, underwrites them with transparent risk and return models, extracts cited terms from deal documents, and carries the same glass-box reasoning into portfolio monitoring and fractional ownership.

Inside the product

The interface, screen by screen.

Screen 01 · AI Copilot

Conversational deal intelligence

Ask-anything copilot that sources deals, compares markets, and underwrites properties in natural language — with a glass-box panel showing how each answer was derived and how confident each source is.

Ask anythingGlass boxSource confidence
TerraPrime AI Copilot — conversational deal intelligence with glass-box reasoning panel
Screen 02 · Due Diligence

Automated document analysis

Ingests OMs, leases, and rent rolls, extracts key terms with page-level source citations, flags risky clauses by severity, and tracks a DD checklist to completion.

OMsLeasesCited termsChecklist
TerraPrime Due Diligence — automated document analysis with page-level citations
Screen 03 · Portfolio

Predictive portfolio intelligence

Forecasts portfolio value, monitors allocation and risk, raises AI alerts for anomalies and opportunities, and recommends rebalancing moves.

ForecastAllocationAI alertsRebalance
TerraPrime Portfolio — predictive portfolio intelligence with AI alerts
Screen 04 · Marketplace

Fractional, tradable ownership

Buy fractional stakes in institutional-grade assets and trade them on a 24/7 secondary market, with rental income auto-distributed to token holders via smart contract.

FractionalSecondary marketSmart contract
TerraPrime Marketplace — fractional tradable ownership of institutional-grade assets
Tech stack

Engineered for explainable AI at scale.

Python
Python
Django
Django
MongoDB
MongoDB
AWS SQS
AWS SQS
The impact

From weeks of analyst work to one explainable workflow.

Metric
Before
With TerraPrime
Initial deal screening
days of analyst work
minutes
Documents per deal
reviewed manually
auto-analysed with cited key terms
Deal risk assessment
subjective, analyst-by-analyst
explainable score across 6 weighted factors with surfaced red flags
Pipeline freshness
reviewed in batches, often stale
always-on agent re-ranks against thesis continuously
$312M
Pipeline under management
1,240
Active listings scanned per thesis
6.8%
Avg cap rate surfaced across matched deals
Scope of work

What we built

01
Thesis-driven deal-sourcing agent (always-on listing scan + fit scoring)
02
Explainable underwriting engine (risk score, IRR/DSCR, what-if scenarios)
03
AI due-diligence pipeline (document ingestion, key-term extraction, clause flagging)
04
Conversational deal copilot with glass-box reasoning
05
Predictive portfolio intelligence + AI alerts
06
Fractional-ownership marketplace with automated distributions