XCRE · The operating system for multifamily deals
Built for multifamily operators

From broker package to buy-or-pass, in minutes.

Drop in the OM, the T-12 and the rent roll. XCRE reads them with AI and hands back an underwriting where every number traces to the line it came from. Ready to defend, not to rebuild.

Free. Every XCRE account gets both analyzers included.

Underwritten in  minutes
Every number sourced
DSCR  1.31×  ·  CAP  5.80%
app.xcreos.com/deals/juniper-row
XCRE underwriting view: a sourced model for Juniper Row Apartments
T-12 Analyzer · Free

One bad line can kill a deal. We catch it.

A misplaced expense line can move a valuation by more than half*, and it looks completely normal. The T-12 Analyzer reads every line with AI, catches what's off, and reconciles NOI to the statement's own totals, so the number you take into the model is one you can stand behind.

Free. Drop the statement in exactly as it came.

*Internal testing across 17 real properties, June 2026. Illustrative, not customer results.

Reconciled to statement totals
T-12 · operating statementAI READ · 12 MONTHS
Repairs & maintenanceROW 31$38,412
InsuranceROW 38$61,208
FLAGMortgage payment inside OpEx$214,560
UtilitiesROW 52$74,955
Totals match the statement NOI  $441,974
Rent Roll Analyzer · Free

$45K a year, hiding in plain sight. Caught.

On one real 118-unit rent roll, 3 occupied units sat at $0 rent, and every row looked normal. The Rent Roll Analyzer catches them before the model is even open, and ties every dollar of income back to the unit it came from.

Free. Whatever format your property manager exports.

~$45K/yr unconfirmed income
Rent roll · 118 units$139,240 / MO SCHEDULED
Unit 44 · 2BR · occupiedLEASE OK$1,295
FLAGUnit 46 · 2BR · occupied$0
FLAGUnit 61 · 1BR · occupied$0
Unit 62 · 1BR · occupiedLEASE OK$1,150
Checked against the roll's own totals 3 occupied units at $0
AI, built by operators

The machine reads. You decide.

It's 11pm and you're on unit 46 of 118, hunting for what that lease is hiding. AI does the reading instead: it calls out what looks wrong, shows the source line behind every number, and reconciles to the document's own totals. A verdict in minutes saves you an entire evening working on the deal.

No hype. Just insights.

An evening of reading, done in minutes
Drop the docs in as they cameAI READS EVERY LINE
RentRoll.xlsxREAD · FLAGS SURFACED
T-12.xlsxREAD · RECONCILED
OfferingMemo.pdfREAD · SOURCED
What you get backRed flags + an NOI you can prove
Built by a real multifamily firm for its own deals Built and tested on our own deals, not a demo data set Free. Both analyzers included
Three steps to a verdict

From someone else's spreadsheet to numbers you can defend.

1

Drop the docs in

The rent roll, the T-12, the OM, exactly as they came from the property manager or the broker. Every export format works.

RENT ROLL · T-12 · OM
2

AI reads and flags

Every line is read, tied back to the document it came from, and checked against the statement's own totals. What looks off gets flagged for your eyes, not silently guessed.

FLAGGED · TRACED · RECONCILED
3

You decide

A complete read: income that's real, expenses that belong, an NOI that holds up, and three valuation scenarios. You spend the evening on the decision, not the reading.

WORTH · UPSIDE · LOAN
The whole deal, one place

Source. Underwrite. Acquire. Operate. Dispose.

The full life of the deal in one system: the pipeline that holds it, the underwriting that defends it, the closing that lands it, the operations that keep it honest, and the exit that was ready all along.

01 · Source

A pipeline that moves deals, not sticky notes.

Every deal, every stage, every document, in one place. From the first broker call to the signed LOI, you always know where the deal stands and what it's waiting on.

  • Brokers and LPs tracked next to the deals they touch
  • Documents live with the deal, not in an inbox
Pipeline$48.1M ACTIVE
Sourcing1

Copperleaf Flats

72u · San Antonio, TX
$9,750,000
Screening1

Sagebrook Apartments

112u · Greenville, SC
$11,200,000
Underwriting2

Juniper Row Apartments

48u · Austin, TX
$8,400,000

Fairwind Commons

96u · Charlotte, NC
$9,600,000
IC / LOI1

Larkspur Court

54u · Tulsa, OK
$4,850,000
Under Contract1

Millbank Flats

66u · Wichita, KS
$4,300,000
02 · Underwrite

The fastest defensible underwriting in multifamily.

AI reads the documents; you get worth, upside and loan in one view, with three valuation scenarios around your underwritten number. Built to take into the committee, not to rebuild.

  • Three scenarios around the underwritten cap rate
  • Reconciled against the statement's own totals
UnderwritingJUNIPER ROW · 48 UNITS
NOI · Year 1
$487,260
Cap rate
5.80%
DSCR
1.31×
IRR · 5-yr
16.2%
5.50% cap
$8,859,000
UNDERWRITTEN
5.80% cap
$8,400,000
6.10% cap
$7,988,000
03 · Acquire

From signed LOI to keys, nothing slips.

The weeks between "accepted" and "owned" are where deals die quietly. Due diligence items, financing milestones, and closing documents tracked against the calendar, in the same place the underwriting lives.

  • Every critical date visible, nothing living in an inbox
  • The underwriting travels with the deal to the closing table
AcquisitionMILLBANK FLATS · UNDER CONTRACT
Due diligenceDay 18 of 30
FinancingAPPLICATION SUBMITTED
Earnest moneyHARD IN 12 DAYS
Closing targetOCT 15
04 · Operate

Know how every property is performing, monthly.

Budget against actuals, DSCR against covenant, distributions on schedule. The whole hold reads in one line, so surprises show up in the numbers before they show up in the bank account.

  • NOI run rate tracked against your underwriting
  • Covenants watched, not remembered
OperationsWESTBRIAR LANDING
NOI run rate
$918,400
+4.2% YoY
DSCR · trailing
1.42×
covenant 1.25×
Debt yield
9.6%
stabilizing
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
05 · Dispose

Exit with numbers you can defend.

Refinance or sell: the case is already built from the same sourced numbers you underwrote and operated on. DSCR sized to 1.25×, NOI simulated, closing statement ready for the credit committee.

  • Zero-cash-in refi case modeled from live operations
  • The same paper trail, end to end
DispositionREFINANCE CASE · WESTBRIAR LANDING
Refi proceeds · zero-cash-in
$9,650,000
DSCR sized to 1.25× NOI simulation Closing statement
RUNWAY TO STABILIZED REFI15 MO
Sell or refinance: the case is already built.
06 · Markets

Market calls you can cite, not guess.

Before you chase the deal, read the metro: rent fundamentals, demographics, labor and vacancy, with the source printed on every stat. Census, BLS, Zillow ZORI, HUD.

  • The source on every number, ready to put in front of a partner
  • One-click branded market PDF
New York-Newark-Jersey City, NY-NJ
PRIMARYCBSA 35620
Lower Manhattan skylineNY METRO · WIKIMEDIA CC BY-SA
Market rent · MF
$3,349/mo
Zillow ZORI · 2026-04
Rent growth · YoY
+4.1%
ZORI MFR · derived
Rent CAGR · 5-yr
+7.7%
ZORI MFR · 2021-2026
Population
19.80M
Census ACS · 2024
Median HH income
$99,155
Census ACS · 2024
Unemployment
4.50%
BLS LAUS · 2025-12
Multifamily rent trajectoryCUMULATIVE +52.4% SINCE 2015
201520182020202220242026
Traceability

Every number defends itself.

Click any figure and XCRE shows the document it came from: the page, the row. When a partner asks where a number came from, you show them the line, not a guess.

RENT ROLL p.2 T-12 row 47 COUNTY CAD
Net operating income$487,260
Effective gross incomeRENT ROLL p.2$948,420
Operating expensesT-12 row 47($412,330)
Real estate taxesCOUNTY CAD($48,830)
Replacement reservesLENDER REQ($12,000)
What it does

Everything the deal needs. One surface.

The work that used to live in twelve tabs and a spreadsheet that breaks, in one place built by operators.

RENT ROLL ANALYZER · FREE

The income picture, from any roll.

Scheduled rent, occupancy, in-place vs market and loss-to-lease, read straight from the roll your property manager exports. Occupied units at $0 and leases that look off get surfaced for your eyes.

Scheduled rent$139,240 / MO
Occupied units at $0 rent3 SURFACED
In-place vs marketPER UNIT
T-12 ANALYZER · FREE

The expense side, standardized.

Any statement layout becomes one clean read: income, expenses, NOI. Mortgage payments, renovations and depreciation stay out of NOI, and one click makes a branded PDF for lenders and partners.

$441,974
NOI · reconciled to statement totalsPDF READY
COMPS

Comps, built in.

Market rents and cap rates inside the deal. No third browser tab.

5.20%cap rate5.80%
VERSIONS

Version compare.

Every version saved. See what moved your IRR, and why.

17.0%+0.8% IRR vs v3
EXPORTS

Investor-ready exports.

One click to a deal memo your LPs can actually read.

PRIVACY

Yours. Private by default.

Your deals, your data. Not training a model, not shared.

Why we built it

We're a multifamily firm. We were never supposed to build software. But we kept losing the same evenings summarizing the rent roll and the T-12, so we built the thing that does it for us.

Claudio Sanchez · Founder, XCRE · Valoris Capital Partners

Software, operator experience, and AI. That's the whole trick. Built and tested on our own deals, not on a demo data set.

Questions

The things operators ask first.

What do I actually upload?
The documents as they come to you: the rent roll, the T-12, the OM, the CoStar report. Drop them in exactly as the property manager or broker sent them. Every export format works.
What does it cost?
Free. Every XCRE account gets both analyzers included: the Rent Roll Analyzer and the T-12 Analyzer.
Is the model accurate enough for a committee?
Every figure traces back to the document and the line it came from, and the reading is reconciled against the totals printed on the statement itself. Anything that looks off is surfaced for your review instead of silently guessed. You audit it before you present it.
How do I get in?
, drop in a rent roll or a T-12, and get your first read in minutes.
Is my deal data private?
Yes. Your deals and your data are yours. They are not shared and not used to train a model.

Numbers you can defend.

Drop in your next rent roll or T-12. A verdict in minutes saves you an entire evening working on the deal.

Free. Both analyzers included.