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Make your firm AI-native.

Grow AUM. Hold headcount.

Built by operators. Engineered alongside your team.

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We connect all your tools

Yardi
ESRIESRI
ExcelExcel
Power BIPower BI
TeamsTeams
SharePointSharePoint
AzureAzure
DatabricksDatabricks
SnowflakeSnowflake
SalesforceSalesforce
Monday.comMonday.com
NotionNotion
AirtableAirtable
SlackSlack
OpenAIOpenAI
AnthropicAnthropic
GeminiGemini
PythonPython
Yardi
ESRIESRI
ExcelExcel
Power BIPower BI
TeamsTeams
SharePointSharePoint
AzureAzure
DatabricksDatabricks
SnowflakeSnowflake
SalesforceSalesforce
Monday.comMonday.com
NotionNotion
AirtableAirtable
SlackSlack
OpenAIOpenAI
AnthropicAnthropic
GeminiGemini
PythonPython

Trusted by firms managing billions in AUM

A&E Real Estate
Round Hill Capital
Delin Property
Plumbrook CapitalPlumbrook

US-based. Global client base. Built by operators with experience at funds backed by Blackstone, Ares & Angelo Gordon

$0M+

In Operational Savings Delivered

0K+

Analyst Hours Freed for Deals

0x

AUM Growth Without Adding Headcount

0+

CRE Transactions Supported

Reflects our founder’s experience prior to and including RealQuant.

One stack. Built to compound.

AI doesn’t do math. Deterministic systems do. That’s the whole stack.

AI · Natural Language

Safe AI

Ask in plain English. Cited. Guardrailed. Never invents a number.

Plain-English Q&AIC Memo DraftsOM & Rent Roll ParsingCitations on Every NumberAudit Trail
grounds in

Statistical + Deterministic Math

100% Reproducible

Every number ties. Every formula auditable. Never AI-computed.

RegressionsForecastsMonte CarloPipeline ScoringVariance Attribution
runs on

Clean Data Foundation

Governed · Microsoft Azure

Yardi, MRI, AppFolio, CoStar, Excel, Docs feed into one governed warehouse in your tenant.

Cloud WarehouseETLLineageRBACAudit Trail
97%

of RE CFOs say they need AI. Only 14% have it.

CBRE Global Investor Survey; BDO RE CFO Survey, 2024

How we engage

Long-term strategic partnership.

Build, Operate, Scale. Deployed inside your cloud tenant, operated by forward-deployed engineers, tailored to your firm. Engagements compound: every phase reinforces the next, every quarter increases your team’s leverage.

Phase 1 · Build

Build

We deploy your data infrastructure into your Microsoft Azure tenant. Cloud warehouse, ETL connectors, CRE ontology, governance, plus the initial AI workflows on top. Every engagement starts with a paid discovery phase that produces the architecture blueprint and per-department SOWs.

  • Cloud data warehouse and ETL inside your Microsoft Azure tenant. Pre-built connectors for Yardi, MRI, AppFolio, CoStar, ESRI, Entrata.
  • CRE ontology and governance so every number ties, every output cites a source, every refresh is validated.
  • Paid discovery phase at kickoff. Architecture blueprint and per-department SOWs lock the scope before any build begins.
Learn more
Phase 2 · Operate

Operate

AI workflows run every day on your platform. OM and rent roll parsing, IC memo drafts, variance reports, capital call automation. Operated alongside your team by forward-deployed engineers. We keep the platform on the current generation as the frontier moves.

  • AI agents handle OM parsing, rent rolls, IC memos, variance reports, capital calls
  • New model versions, new connector versions, security patches flow continuously into your tenant
  • Customer success led by CRE operators, not a generic SaaS support desk
Learn more
Phase 3 · Scale

Scale

Forward-deployed engineers ship new workflows, agents, and integrations every quarter. Department by department, deal by deal, your firm becomes AI-native. Same team, more leverage every cycle.

  • New AI workflows, new agents, new integrations on a quarterly cadence
  • Acquisitions to Asset Management to IR. Every department augmented over time.
  • AUM grows. Headcount holds. The platform compounds with your business.
Learn more

Why RealQuant

Built by people who closed deals.

Operator Built

Our founder spent 12+ years on the institutional buy side across multifamily, self-storage, industrial, and mixed-use, with personal involvement in 150+ transactions and $11.2B in aggregate deal volume across prior roles. The systems we deploy were first built to solve real underwriting and asset-management problems on the buy side.

Purpose-Built CRE Workflows

A library of pre-built workflows mapped to the actual CRE deal lifecycle: OM and rent roll parsing, IC memo drafting, variance attribution, capital call automation, LP reporting. Every workflow comes from a real problem on a real deal. We tailor the framework per client instead of starting from a blank repo.

Quant in the Stack

Statistical and deterministic models layered on your clean data: regression-based seller-propensity scoring, time-series rent forecasting, Monte Carlo on hold-period IRR, variance attribution. The math runs in code you can audit, never inside an LLM. Every number cites lineage to source.

Runs in Your Tenant

Every system we deploy runs in your Microsoft Azure tenant. Your data stays in your tenant and is not routed through RealQuant infrastructure. You receive your data, your configured workflows, your dashboards, your reports, and full documentation.

Grow AUM. Hold Headcount.

Case examples from prior buy-side roles include scaling from $300M to $3B in AUM with a flat deal team. IC packages that took days ship in hours. Reporting that blocked half the month runs itself. Your team scales by leverage, not by hiring.

Forward-Deployed Engineering

Engineers embed with your team during build, not a ticket queue after handoff. Customer success led by CRE operators who speak your language: deals, cap rates, waterfalls, GP waterfalls, lease economics.

Zachary Shapiro, founder of RealQuant Labs and former CRE investor with $11.2B in direct transaction experience

About

Zachary Shapiro

I spent 12+ years in institutional real estate private equity across multifamily, self-storage, industrial, office, and mixed-use. I underwrote, closed, and asset-managed at operating platforms backed by Blackstone, Ares, and Angelo Gordon. Personally involved in 150+ transactions and $11.2B in aggregate deal volume across those prior roles.

At every firm, I built what didn't exist: the underwriting models, the data pipelines, the reporting infrastructure, the deal tracking systems. Tools that saved my teams thousands of hours and millions of dollars in operational overhead. I got tired of waiting for vendors to build what operators actually need.

RealQuant Labs is the firm I wished existed when I was on the buy side. We build the models, data systems, and automation that let CRE teams operate at institutional scale without the overhead.

Connect on LinkedIn

Tell us what's broken. We'll show you what fixing it looks like.

Walk us through your stack and your pain points. We map the engagement and outline the path from there. Paid Discovery scopes the SOW, blueprint, and timeline.

Frequently Asked Questions

AI infrastructure for institutional CRE, in three layers. A clean data foundation inside your Microsoft Azure tenant. Deterministic quant models on top of that data. A safe AI natural-language interface above the models, cited and guardrailed.

Workflows that run on the stack: OM and rent roll parsing, IC memo drafts, variance reports, capital call automation, pipeline scoring, submarket modeling, hold-period optimization.

Forward-deployed engineers continue to ship new capability every quarter, growing your firm department by department.

Three phases (Build, Operate, Scale) plus Strategy & Advisory as a standalone option.

We deploy your data infrastructure once into your Microsoft Azure tenant. Every engagement kicks off with a paid discovery phase that produces an architecture blueprint, AI governance framework, and per-department SOWs.

Once live, AI workflows run every day on your platform. We keep it on the current generation of every component as the frontier moves.

Forward-deployed engineers ship new workflows, agents, and integrations every quarter as your firm becomes AI-native across every department.

Pricing: a one-time deployment fee scoped during the discovery phase, plus a recurring monthly Platform License and optional committed engineering hours for new workflows and ongoing improvements. Strategy & Advisory is available standalone for firms that want only the blueprint and roadmap.

An ontology is a shared model of the things your firm thinks about (properties, deals, units, leases, tenants, comps, funds, LPs) and how they relate. Without one, every system in your stack disagrees about what a property is, what counts in NOI, and how occupancy rolls up to the fund.

We deploy a CRE-native ontology as part of the data layer: dimension tables for property, deal, fund, and counterparty; fact tables for financials, rent rolls, and comps; reference tables for chart-of-accounts mappings; and graph relationships connecting it all. The same number ties across Yardi, Excel, Power BI, and your AI agents.

The ontology is also why agents can answer multi-step questions reliably. They query a model that already understands what these objects are, not a pile of disconnected tables.

Yardi, MRI, AppFolio, Entrata, CoStar, ESRI, Monday.com, Notion, Power BI, SharePoint, Microsoft Fabric, Excel, Slack, Teams, and most CRE-specific tools.

If it has an API or data export, we can connect it. We deploy on Microsoft Azure inside your tenant, configured for CRE workflows and integrated with the systems your team already runs.

Our founder leads every engagement directly, supported by senior engineers who specialize in CRE data systems and cloud architecture.

Engineers are forward-deployed: they embed with your team to deploy the platform, then operate and evolve it alongside you under committed engineering hours.

Customer success is led by real estate operators who speak your language: deals, pro formas, waterfalls, lease economics, cap rates, schedules of REO.

Every engagement starts with an NDA. Your data stays in your Microsoft Azure tenant, not ours.

Everything we deploy runs inside your Microsoft Azure tenant. Your data stays in your tenant and is not routed through RealQuant infrastructure.

You receive: your data, your custom-deliverable configurations (chart-of-accounts mappings, benchmarking views, client-specific schema extensions), your dashboards, your reports, and full documentation.

RealQuant retains ownership of the underlying platform: the data model, parsers, agent framework, connector library, and reusable templates. Your engagement includes a perpetual license to run the deployed instance for your firm’s internal business purposes. Updates, new versions, security patches, and new features flow through the Platform License plus optional committed engineering hours.

Full terms are in the Services Agreement and applicable Statements of Work.

Yes. Strategy & Advisory is a standalone product covering AI readiness assessments, governance frameworks, vendor evaluation, technology roadmaps, and executive AI training.

You walk away with a plan, assigned owners, and build-or-buy recommendations. If you decide to build, we implement and operate it.

When AI agents touch underwriting assumptions, investor reports, or deal recommendations, your investment committee needs to trust the output. AI governance is the framework that makes that possible. It is enforced by the AI harness layer described below.

We build source attribution so every AI-generated number traces back to the specific page and table in the source document. We implement hallucination detection to flag outputs with no supporting evidence. And we design compliance policies that ensure AI-assisted work is reviewed before it reaches decision-makers.

If you are deploying AI agents that touch investment decisions, governance is not optional. It is how you defend your process to LPs, auditors, and regulators.

AI never does the math. Every number in every output comes from deterministic models that sit between your data layer and the AI interface. Regressions, forecasts, Monte Carlo, variance attribution, scoring, all of it runs in code you can audit.

The AI's job is to translate your question into the right model call and present the answer with citations. If AI were generating the numbers, it would hallucinate them. The whole architecture is designed so it never has to.

This is the difference between an AI that drafts an IC memo and an AI that invents an IRR. We ship the first. We refuse to ship the second.

A harness is the layer that constrains an LLM to safe, traceable behavior. It defines which tools the model can call, which data it can see, how its outputs get cited, and what gets logged for audit.

We build a CRE-specific harness so AI agents can ask your deterministic models for answers, return cited responses your IC can defend, and never improvise on numbers. The harness is also what lets us swap in a new frontier model with a config change instead of a rebuild.

Without a harness, an LLM in front of your data is a liability. With one, it becomes the natural-language interface to a system your team can actually defend in IC.

Quant is a capability that spans every engagement phase. Once your clean data foundation is built, we layer the models institutional quant funds run on capital markets, adapted for CRE: regression, forecasting, probabilistic scenarios, predictive scoring, Monte Carlo, variance attribution.

Concretely: pipeline scoring ranks every deal against your investment view. Seller-propensity models surface owners likely to sell. Submarket scoring evaluates every market on supply, demographics, and demand signals. Hold-period optimization tells you when to exit. Variance attribution explains why actuals diverged from underwriting.

Every signal maps back to a line item your IC already reviews: pro formas, waterfalls, lease economics. No black boxes. No model in search of a deal.

Still have questions? Reach out to us