Apers_

Underwrite more deals.
With the team you have.

The AI system built for institutional commercial real estate.

MODEL COLLECTION — FOUNDATION SERIES

Institutional-grade models. Ready when you are.

A growing library of production-grade financial models for every asset class, deal structure, and capital stack configuration. Each model is built by practitioners who've closed real deals — not generated from templates.

Use them out of the box or as the starting point for XL-2. Either way, you save hours of setup and get institutional rigor from deal one.

ACQUISITION DEVELOPMENT WATERFALL DEBT SIZING LIHTC NNN GROUND LEASE SALE-LEASEBACK
Explore the Model Collection
MODEL COVERAGE
XL-2 — EXCEL MODELING ENGINE

Model the way you think.

Upload an offering memo or describe a deal in plain language. Adjust assumptions, restructure waterfalls, sensitize cap rates — by talking, not by tweaking cells. XL-2 rebuilds the formulas, tabs, and traces underneath.

Your judgment drives the model. XL-2 handles the spreadsheet work.

How XL-2 works
 YR 1YR 2YR 3YR 5
EGI
OPEX
NOI
DEBT SVC
BTCF
IRR
UDPE — UNSTRUCTURED DATA PROCESSING ENGINE

Every deal doc, read and reconciled.

UDPE reads every file in your data room — offering memos, rent rolls, T-12s, appraisals, ARGUS exports, tax returns, broker packages — and turns them into structured data the model can use.

It handles the hard cases: scanned OMs with handwritten annotations, watermarked broker packages, faded appraisals, ARGUS files with broken cross-references. And it reconciles conflicts across documents — when the OM says 240 units but the rent roll lists 237, UDPE flags it before it reaches your model.

SCANNED OMS HANDWRITTEN NOTES RENT ROLLS T-12 / T-3 APPRAISALS ARGUS EXPORTS TAX RETURNS BROKER PACKAGES
How UDPE works
EXTRACT
RECONCILE
MAP
PURCHASE_PRICE .... $52,800,000
GOING_IN_CAP ..... 5.12%
UNITS ............ 240
AVG_RENT ......... $1,485/MO
YEAR_1_NOI ....... $2,703,360
VACANCY .......... 5.2%
EXPENSE_RATIO .... 36.9%
⚠ UNIT COUNT MISMATCH — OM: 240 / RENT ROLL: 242
✓ 142 FIELDS EXTRACTED — 1 FLAG RAISED
A DIFFERENT SHAPE OF TOOL

The system gets sharper
with every deal you run.

A chatbot answers one question at a time. A copilot fills in cells you point at. Apers is a system that already knows how institutional real estate works — and learns the conventions of your firm as it runs.

More deals. Same team. Sharper judgment. The modeling effort stays flat. The depth of analysis compounds.

See what Apers does
with your next deal.