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For institutional CRE teams.

Audit ARGUS® files faster.

Keelmark reads the ARGUS export and checks every assumption against the leases, the T-12, and current market data. You see every finding cited to the page it came from, and what each discrepancy does to your valuation.

Audit a past deal

A low-risk test on a deal your team already knows the answers to.

Why teams run the audit.

Every assumption in the file, checked and cited. Here is what that buys you.

Save hours on every deal.

The audit does the page-by-page read of the data room and checks the file against it, in hours instead of analyst-days. Your team starts from cited findings, not from page one.

Catch the expensive miss early.

A termination option sitting in a signed lease. Recoveries set to net when the lease says gross. Found while the deal is being priced, not after close.

Screen faster, decide with confidence.

Quicker first reads on inbound packages, and every number in the memo traces to a document page when committee asks.

From ARGUS file to audit memo.

A quick look at how the product works.

The Keelmark audit findings for the sample deal, each verdict checked against the documents

Three steps, no new workflow.

  1. Send the deal

    The ARGUS export and the data room. Leases, amendments, T-12, budget, OM.

  2. Keelmark audits the file

    Each assumption is checked against the documents and current market data. Each verdict links to its source. A tie-out flags anything the stated assumptions cannot explain.

  3. See what it moves

    Each discrepancy is priced in NOI and value. The memo lands as a PDF. Anything the documents could not support is named, not guessed.

Nothing gets replaced. Your ARGUS model stays, your Excel model stays, and your team approves every verdict before it lands in the memo.

Test it on a deal you already know.

Pick a deal your team closed or passed on. Send the ARGUS export and the data room. Keelmark returns the audit memo. Grade it against what your team found the hard way. If it holds up, we run a live one.

Audit a past deal
  1. 01

    Send a dead deal

    The ARGUS export and the data room from a deal that is already done.

  2. 02

    Keelmark audits it

    The full assumption audit and tie-out, with every finding priced. Same as a live deal.

  3. 03

    Grade the memo

    You know how that deal actually went. Check the findings against it.

Send the first test request.

Fill this out and we will reach out to schedule a short walkthrough and a past-deal audit. We are onboarding a small first group of firms.

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