The Papers

AI-readable offering memorandums and real estate packages

Offering memos that buyers’ AI underwrites from the right figures

Rent rolls, cap rates, NOI and financing terms in offering memorandums, published as a verified AI Version so buyers’ underwriting tools read them exactly.

The problem

Brokers and buyers run offering memos and rent rolls through AI to pre-underwrite. Pro forma vs in-place figures, per-unit vs total and annual vs monthly are easy to confuse.

How The Papers handles it

  1. Publish the OM (PDF) and the rent roll (Excel) in one Data Room; Excel keeps cell values and formulas.
  2. Pro forma figures are classified as forecasts; in-place figures as current.

Checked against the source

  • NOI, cap rate and price
  • pro forma vs in-place
  • per-unit vs total, monthly vs annual

Where to put the link

The listing page and the OM cover.

Not a converter

The Papers is not a PDF-to-Markdown converter. Conversion is the first step. Before an AI Version is published, its figures, currencies, dates, periods, qualifiers and formulas are checked against the original document, each value keeps a reference to its source page or cell, and anything the source does not settle is put to the document owner instead of guessed.

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Other use cases