Case Study: A US retail REIT achieves $2M+ in savings automating contract review across a $6.8B acquisition portfolio
Key results
The challenge
A publicly traded retail net-lease REIT managing 2,200+ properties across 49 states had completed $6.8 billion in acquisitions since 2018 and executed 400-500 lease transactions annually. At the front of every deal, attorneys read leases cover-to-cover while manually typing roughly 30 data fields into Word documents, repeating identical work even for similar lease forms from the same national retailers. Routine extraction work was also being handled by external counsel at around $500 per hour.
The solution
The REIT adopted Leah to automate lease underwriting and data extraction, allowing attorneys to generate an underwriting analysis on demand and validate the output rather than perform full manual review and data entry.
The results, in context
Platform analytics documented more than $2 million in tracked savings since implementation, with roughly two hours saved per deal across 400-500 annual transactions. Adoption spread organically as other departments, including asset management, requested access after the legal team's results.