United StatesReal estate2025 – ongoingAgree Realty
AI-assisted lease review and acquisition diligence
Agree Realty attributed over $1 million in annual savings to AI-assisted diligence
Problem
Acquisition diligence required legal staff to compare proposed underwriting with lease terms. Completing each lease underwriting checklist had taken an attorney roughly 4 hours.
Approach
Agree Realty introduced an AI tool that compared initial underwriting with the lease and checked for significant issues. Executives also described generative AI for extracting and summarizing leases. Its internal IT team worked with external partners on the company's technology systems.
Results
Takeaway
The work centered on recurring document checks within acquisitions. The company did not disclose how it calculated the annual savings.
Categories
- Size
- Small business
- Industry
- Real estate
- Business function
- Finance, risk and legal
- Innovation type
- Process innovation
- AI technology
- Generative AI
- Adoption
- Partner co-development
- Evidence
- Company's own claim
Sources
Source summaries
Agree Realty reported implementing an AI diligence tool during 2025. It attributed over $1 million in annual savings to the tool.
Executives described AI lease abstraction and a newer underwriting checklist tool. They said the checklist had taken roughly 4 hours of attorney time and could now be completed in seconds.
Full details are in the original sources.