Concatenate RealTime™  ·  Concatenate Insights

Real estate, in RealTime.
Oversight, with Insight.

One platform for the people who run institutional real estate — from the property team capturing the data, to the asset manager telling the story, to the silent capital partner watching for risk. Plan-to-actual reporting, narrative commentary, and an AI layer that catches stressed assets before the numbers get loud.

Portfolio · Q2 2026 · Plan vs Actual
NOI YTD
$48.2M
+3.2% vs plan
Occupancy
91.4%
−1.1pp
DSCR
1.28x
tight
CapEx YTD
$11.6M
+18% over
925 Bay St — DSCR slipping toward covenant
Anchor tenant dark since May · refinance window opens Q4
High
Westbridge Tower — CapEx running 18% over plan
Mechanical retrofit scope expanded · variance commentary pending
Watch
One platform, three views

The reporting chain, finally connected.

Concatenate runs on the way institutional real estate is actually managed — data flows up from the property, gets enhanced and contextualised by the asset manager, and lands in front of the institutional partner as one coherent story.

Insights AI  ·  Stressed-asset detection

Catch the asset that's drifting — while there's still time to act.

The signals are always in your data first: DSCR tightening, arrears creeping, an anchor tenant going dark, a CapEx project eating the operating plan, a lease expiry cluster meeting weak renewal probability. They’re just hard to see in a 200-page AOP package.

Insights AI reads every operator’s plan against actuals every period, ranks the assets by severity, and walks the reasoning. A human steps in early — while there’s still room to restructure debt, renegotiate the lease, or work the property out. That’s the difference between a quiet recovery and a write-down.

See how it works
Insights AI · At-risk assets · Ranked
925 Bay St — DSCR 1.18x, covenant 1.15x
3-period downtrend · anchor dark · refi window Q4'26
Critical
Northpoint Industrial — Arrears concentration
Top tenant 62% of arrears · 14 mo to expiry
Critical
Westbridge Tower — CapEx variance
Mechanical retrofit 18% over · timeline slipping
Watch
Maple Centre — Lease expiry clustering
38% of NRA expires 2027 · low renewal probability
Watch
Crown Plaza — Appraisal reversal vs budget
−4.2% vs last cycle · sector pressure noted
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The products

RealTime is the data foundation. Insights is the read.

Concatenate RealTime™

The performance-management platform of record for institutional commercial real estate. Plan, actuals, narrative commentary, variance, and stakeholder-tailored reporting — from rent roll to executive deck.

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Concatenate Insights & Insights AI

A live read across portfolio and asset dashboards, with an always-on AI layer that flags stressed assets, ranks them by severity, and walks the reasoning. Bring your own LLM — Claude, ChatGPT, Gemini — over a secure MCP endpoint.

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Why Concatenate

Built by CRE operators and software engineers, for institutional reality.

We’ve been in the seat. The reporting chain isn’t a workflow diagram — it’s rent rolls that arrive in seventeen formats, narrative that doesn’t fit the template, and LPs who need an answer before lunch.

Your data, your tenant

Every environment runs on a customer-hosted database with customer-controlled keys. We never see your data at rest.

Stakeholder-shaped reporting

Map each owner or investor schema once. Every future period conforms automatically — no manual reconciliation, no parallel spreadsheets.

Narrative is first-class

Commentary lives next to the numbers it explains — on the lease, the CapEx project, the variance, the appraisal — and follows the period forever.

AI that explains itself

Insights AI surfaces stressed assets with reasoning attached — not a black box. Bring your own LLM over a standard MCP endpoint.

One platform, three roles

Property operators, asset managers, and institutional partners all work the same source of truth — each with the view their job demands.

Decades of CRE in the schema

The data model is shaped by 35+ years of operating, asset-managing, and investing in institutional real estate — not a generic ledger bolted to a UI.

See it on a sample portfolio.

A 30-minute walkthrough. The AI flags the at-risk assets, walks the reasoning, and shows the operator collaboration loop end-to-end.

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