Real estate marketplace and technology platform Crexci announced Crexi Vault, a solution that converts real estate documents such as offering memorandums (OMs) and marketing materials into structured, enriched, searchable data. Vault is currently available in private Beta.
Professionals often spend hours manually extracting data from OMs and other deal documents; for example, a broker receiving five OMs as comparables, at an average of 25 pages per OM, can spend hours parsing through the PDFs just to build a comp set. Vault allows users to set up a private, proprietary location to upload documents, where it can extract data and depending on the subscription, link it with Crexi’s data.
“You can evolve and compare data,” Ryan Sawchuck, vice president of product at Crexi, told Mann Report at the Blueprint proptech conference in Las Vegas. “We always work closely with our customers to understand their pain points. They might have a junior agent or analyst spending 20 hours a week taking notes on offering memorandums. This saves a ton of time.”
Crexi’s advanced extraction capabilities, alongside user contributions ensure information remains current and comprehensive rather than a static snapshot in time. Vault is purpose-built to streamline critical workflows, including underwriting, listing preparation, and comp tracking,
“Crexi Vault represents the next generation of AI tools built specifically for the CRE community, and it encapsulates Crexi’s vision of creating a personal, dynamic archive of market intelligence that empowers CRE professionals with greater efficiency,” said Michael DeGiorgio, founder and CEO of Crexi. “The industry has been drowning in information but starving for insight. We’re bridging the gap from simply managing information to truly harnessing it, enabling smarter decisions, enriching data-driven strategies, and fostering long term growth.”
Key elements include bulk or single PDF upload of one to 100 files; automatic data extraction of 16 property data points, with more to come; the ability to create, search, group and manage structured records; the ability to export, edit and reuse extracted records across different processes and seamless integration with Crexi Pro and Crexi Intelligence, enriching records with comps and property insights.
Vault will be available to all by mid-Q4.
