Case Study: RXR achieves faster, trusted commercial real estate portfolio management with Prophia

RXR digitizes 7,000 pages in 30 days with Prophia

RXR, a large commercial real estate investment and development firm based in New York City, was struggling with outdated data management practices that relied on manual work and cumbersome shared drives. This made locating critical lease documents difficult and created data accuracy issues, putting pressure on their lean operational teams. To modernize their processes, they turned to Prophia for its AI-powered lease abstraction and commercial real estate data management platform.

Prophia implemented its verticalized AI and natural language processing to digitize and abstract RXR's complex portfolio of leases, which included nearly 7,000 pages of documentation. The solution created a centralized system of record with structured and tethered data, giving teams instant access to critical information. As a result, RXR can now perform complex managerial tasks in minutes instead of hours, significantly increasing their business intelligence speed and providing a discernible competitive edge. The platform became so integral that RXR declared Prophia a "must-have" for their operations.

RXR