Solutions / Portfolio of Record

Every Lease, Every Amendment, In One Source Of Truth.

Specdra turns your full lease library into searchable, citation-backed data — so asset and property teams can answer questions, hit notice deadlines, and act on terms instead of digging through PDFs.

See it across your tenants
150+Structured fields per lease
Every docBase + amendments + side letters
Query-readyAcross the whole portfolio

Portfolio of record

Anchorage REIT · Reconciled today

All current

142

Leases

12

Assets

1.2M

Sq ft

TenantCurrent rentExpirationStatus

Anchor Tenant

1515 Main3

$42.00 PSF

Jul 2031

Current

Restoration Outfitters

220 Lakefront2

$28.50 PSF

Mar 2028

Current

Northbound Co.

88 Industrial Pkwy1

$22.00 PSF

Dec 2026

Notice

Bluepeak Health

Tower B · Suite 12002

$46.00 PSF

Feb 2030

Current

Vector Labs

Park 6 · Bldg C1

$24.50 PSF

Aug 2029

Current
+ 137 more tenants

Ask the portfolio

Which tenants have early termination rights in 2027?

3 tenants — Anchor Tenant (notice by Jun 2026), Restoration Outfitters (Sep 2026), and Northbound Co. (Nov 2026).

Cited across 3 leases · 6 clauses

Every Lease. Always Current.

Across a 5–10 year hold, leases drift and amendments stack. Specdra keeps the portfolio as a living source of truth — every change reconciled, every value current, every answer cited.

  • Amendments collapsed into the current state, automatically
  • Queryable across the entire portfolio, not one lease at a time
  • Every answer cited back to lease, page, and section

So your team works from one truth — not seven inboxes.

What breaks today

Lease Knowledge Lives In PDFs And People's Heads.

The financial system has the rent. It doesn't have the obligation, the right, or the deadline behind it.

Shared drives are the system of record

Asset and property teams answer questions by opening folders, not querying data. Institutional knowledge walks out the door with the analyst.

Notice deadlines slip

Renewals auto-extend, terminations expire, options are consumed silently — because they were tracked in someone's calendar, not the portfolio.

Amendments aren't reconciled

Yardi has the current rent. Nobody has the version of the lease that explains why — much less the chain of amendments that got there.

Clause-level search doesn't exist

"Which tenants have early termination rights this year?" is a week-long manual review, not a query.

How Specdra fits

The Portfolio Goes From PDFs To Operating Data.

Specdra ingests every lease and amendment, reconciles them, and turns the library into a queryable layer that sits behind your operations.

  1. 01

    Ingest the full library

    Base leases, amendments, side letters, exhibits, guaranties, estoppels — across every asset, in any format.

  2. 02

    150+ fields per lease, reconciled

    Amendments collapse into the current state per tenant, with every value citation-backed to its source clause.

  3. 03

    Critical-dates engine runs continuously

    Every notice window, option, expiry, and obligation deadline is tracked and surfaced before it lapses.

  4. 04

    Cross-portfolio search

    Find every tenant with a co-tenancy clause, every lease with an LOC expiring this year, every guaranty that hasn't been renewed.

  5. 05

    Ask in plain English

    AI chat answers across the whole portfolio — every answer cites the source lease and page.

  6. 06

    Export and share

    Polished PDF and Excel exports today — built to drop into operating reviews and investor updates. Direct Yardi and MRI sync is on the roadmap.

What gets tracked

The Terms Behind Every Rent Number.

The structured fields that actually drive day-to-day operating decisions, beyond what your accounting system can answer.

Critical dates

  • Commencement & expiration
  • Renewal notice windows
  • Termination & kick-out windows
  • Option exercise deadlines
  • Co-tenancy & exclusivity tests
  • LOC & guaranty expiry dates

Obligations & rights

  • TI obligations & work-letter status
  • Landlord repair & restoration
  • CAM caps, gross-ups & audit rights
  • Insurance, indemnity & subrogation
  • Use covenants & restrictions
  • Estoppel & SNDA requirements

Revenue & exposure

  • Base rent + escalation schedules
  • Percentage rent triggers
  • Free rent & abatement tracking
  • Security deposits & LOC face
  • Guarantor scope & sunset
  • Assignment & change-of-control

Risk findings

The Items That Compound Over A Hold Period.

These don't blow up a quarter — they erode value over years if nobody catches them.

  • Missed notice windows

    Renewal options consumed silently, termination notices lapsed, kick-outs unexercised — every one with revenue impact.

  • Expired LOCs and guaranties

    Letters of credit that aren't refreshed, guaranties that sunset on schedule and nobody re-papered.

  • TI obligations not closed out

    Allowances unpaid, punch lists open, work letters incomplete — flagged before they become a tenant claim.

  • Free rent that never ended

    Abatements that should have expired but stayed on the rent roll — caught by reconciling lease to ledger.

  • Silent co-tenancy breaches

    Anchor closures and occupancy thresholds that trigger reduced rent or termination rights — surfaced as they happen.

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