• Backed by Second Century Ventures, Crow Holdings, Cercano Management, SignalFire and others
• Prophia’s AI technology has processed 150,000 lease documents across 370M+ square feet of CRE

SAN FRANCISCO: Prophia, the trailblazer in AI-powered lease abstraction and CRE data management, today announced the launch of Prophia Abstract, a groundbreaking tool that delivers instant, AI-generated lease abstracts online. This innovative solution builds on Prophia’s rapid growth, with a customer roster that now includes industry giants like Nuveen, Spear Street Capital, RXR, Harrison Street, Related, Rudin, and more. Having processed nearly 150,000 lease documents representing more than 370 million square feet of CRE, Prophia is redefining how the industry accesses and leverages lease data.

Prophia Abstract is designed to meet the evolving needs of CRE professionals who require fast, accurate lease insights without the complexity of full-scale lease management. From acquisitions teams conducting due diligence to lenders assessing risk, leasing brokers negotiating terms to legal teams reviewing contracts, Prophia Abstract streamlines workflows with its intuitive, drag-and-drop interface. By delivering precise abstracts in minutes at a fraction of the cost of traditional methods, Prophia Abstract is setting a new standard for efficiency and accessibility in the CRE ecosystem.

“Even in the early stages, Prophia Abstract is proving to be a valuable tool,” shares Clay Stirsman of Collier’s Capital Markets team. “Its speed and accuracy are unparalleled, and we’re eager to integrate it further into our workflow.”

The launch of Prophia Abstract addresses a critical pain point in the CRE industry. While Prophia’s core offering provides comprehensive lease management for owners and operators, many professionals need quick access to lease data without the overhead of a full-scale platform. Traditional abstraction methods are slow, expensive, and error-prone, creating unnecessary bottlenecks for teams that rely on timely, accurate information. Prophia Abstract solves this challenge by leveraging Prophia’s industry-leading AI models and deep domain expertise to deliver instant, reliable abstracts that empower users to work smarter and faster.

With Prophia Abstract, users can:

• Unlock instant insights: Upload a lease document and receive a detailed abstract in minutes, powered by Prophia’s cutting-edge AI technology.
• Save time and money: Replace costly, manual abstraction processes with a solution that’s fast, accurate, and affordable.
• Simplify complex workflows: A user-friendly, drag-and-drop interface makes it easy for anyone to access the data they need, when they need it.

“Prophia Abstract represents the next chapter in our mission to bring clarity and efficiency to the CRE industry,” said Cameron Steele, CEO of Prophia. “It’s rare to deliver something truly innovative that is better, faster, and more cost-effective than every alternative—but that’s exactly what we’ve done with Prophia Abstract. Our technology has surpassed human capabilities in complex lease abstraction, setting a new industry standard. We’re excited to lead the market with this game-changing solution.”

For more information about Prophia Abstract and to experience the power of instant lease intelligence, visit prophia.com/instant-lease-abstract

Click to Watch a Demo of Prophia Abstract
Prophia Abstract Demo Video

About Prophia:

Prophia is the leading provider of AI-powered lease abstraction and CRE data management, trusted by the nation’s top real estate investors and operators. By transforming unstructured lease data into actionable insights, Prophia empowers CRE professionals to mitigate risk, uncover opportunities, and make smarter decisions. With seamless integrations into platforms like Yardi and MRI, Prophia is redefining how the industry manages and leverages lease data.

Fonte: Business Wire