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Prophia Reviews & Product Details

Verified User in Commercial Real Estate
UC
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Prophia?

Prophia allows us to access lease documents anywhere, remotely. It gives our team the ability to view key points of the document and extract important information, such as upcoming lease expirations and encumbrance reports. Review collected by and hosted on G2.com.

What do you dislike about Prophia?

There is no ability to select and copy text from the document. Review collected by and hosted on G2.com.

What problems is Prophia solving and how is that benefiting you?

Making scanned lease documents searchable and consolidating information from the original lease and all subsequent amendments. Review collected by and hosted on G2.com.

Prophia Overview

What is Prophia?

Prophia is a cloud-based lease abstraction, reporting, and insights solution designed specifically for commercial real estate.

Prophia Details
Languages Supported
English
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Product Description

Next-generation lease abstraction & insights platform that lets CRE owners generate reports and collect & store lease data in a centralized repository. Prophia replaces the manual processes and systems traditionally used by the industry that results in errors, inconsistencies, and wasted time.


Seller Details
Seller
Prophia
Year Founded
2018
HQ Location
San Francisco, US
Twitter
@prophia
41 Twitter followers
LinkedIn® Page
www.linkedin.com
36 employees on LinkedIn®

Prophia M.
PM
Overview Provided by:

Recent Prophia Reviews

Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
5.0 out of 5
"I could not imagine going back to working through leases without Prophia"
All of the needles in the haystack are easy to find. I appreciate in particular how easy it is to view lease terms that have changed over time from...
Verified User
U
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"Prophia is a helpful lease management software that makes my job easier."
I like the fact that Prophia generates stacking plans, which makes it easy for me to visualize the building and its key tenants. It also bookmarks ...
AA
Ashley A.Enterprise (> 1000 emp.)
5.0 out of 5
"So Accessible!"
The searchable lease docs, the tenant basic info page, having something to check my our lease analysis against to ensure proper lease enforcement
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Prophia Media

Prophia Demo - Dashboard
View all assets and high-level portfolio information in real-time.
Prophia Demo - Portfolio Reports
Report on any data point captured across your entire portfolio.
Prophia Demo - Stacking Plan
Real-time stacking plan with future-looking and prioritized encumbrance capabilities.
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12 out of 13 Total Reviews for Prophia

4.5 out of 5
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12 out of 13 Total Reviews for Prophia
4.5 out of 5
12 out of 13 Total Reviews for Prophia
4.5 out of 5
G2 reviews are authentic and verified.
WS
SVP - Asset Management
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Prophia?

Prophia allows us to put all of our leases, across our entire portfolio, on one dashboard. It then abstracts every lease with a consistent method that is predictable and allows for the user to rely on the same data pattern to be utilized for every lease. Review collected by and hosted on G2.com.

What do you dislike about Prophia?

As an initial user, most of the kinks have now been worked out, but I do still wish there was a way to export the stacking plan to Excel. Review collected by and hosted on G2.com.

What problems is Prophia solving and how is that benefiting you?

As stated above, Prophia solves the problem of inconsistent abstracting. Often, when a property is purchased, the abstracting is done at the outset of the investment and quickly becomes dated and unreliable. Prophia take the inconsitency out of the equation, since all of the lease data is maintained in real time and may be relied upon by users at all levels. Review collected by and hosted on G2.com.

Christie C.
CC
Asset Manager
Real Estate
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Prophia?

Prophia is one of the best real estate tools we use daily. We, as owners and asset managers, can quickly view the property snapshot, as well as each tenant's lease details, rent rolls, stacking plans. In the area of the lease/tenant summary, there are links that will take you to the exact lease section to read the details of everything from base years, free rent, what's included in CAM, termination rights, etc etc. My only complaint is that I wish I had this program many years ago when I was a Property Manager. It would have made my life so much easier! For all they offer, you can't beat the associated cost. (The cherry on top is everyone on their staff I have worked with is SUPER helpful and kind.) Review collected by and hosted on G2.com.

What do you dislike about Prophia?

So far we have not found any areas of Prophia that don't work extremely well! Like I said, I wish I had access to the platform many years ago, but besides that- no complaints! Review collected by and hosted on G2.com.

What problems is Prophia solving and how is that benefiting you?

Prophia helps us to save time!! We receive numerous questions every day that we can respond to much more quickly with Prophia. When we are on calls we can simultaneously search for property details on the fly to contribute value to the conversation. Review collected by and hosted on G2.com.

JS
Assistant Manager
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Prophia?

The abstract is very informative and detailed. Searching for pertinent information in documents is easy. Uploading and managing documents is a breeze and the customer service experience has been extremely pleasant with all reps being very helpful in organizing tenant information and answering questions. Review collected by and hosted on G2.com.

What do you dislike about Prophia?

There is a bit of a learning curve in navigation. But anyone who has been in the CRE industry can figure out where to go after some time using the platform. Review collected by and hosted on G2.com.

What problems is Prophia solving and how is that benefiting you?

Figuring out pertinent dates and information within lease documents has been quick and easy with the search functions vs scouring hundreds of pages of documents. This has saved me a tremendous amount of time when researching leases. Review collected by and hosted on G2.com.

Verified User in Commercial Real Estate
UC
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Prophia?

I like the fact that Prophia generates stacking plans, which makes it easy for me to visualize the building and its key tenants. It also bookmarks key points of lease documents, making it easier for me to find certain sections. Review collected by and hosted on G2.com.

What do you dislike about Prophia?

I have found instances where tenant rent schedules are incorrect. I also don't think the Notes functionality is super efficient - I would prefer these questions were aggregated and emailed to me. Review collected by and hosted on G2.com.

What problems is Prophia solving and how is that benefiting you?

We previously did not have a central repository to store leases and amendments. Now, whenever we sign a new lease, I upload it to Prophia and trust that the Prophia team will update building information accordingly. Review collected by and hosted on G2.com.

Verified User in Commercial Real Estate
UC
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Prophia?

All of the needles in the haystack are easy to find. I appreciate in particular how easy it is to view lease terms that have changed over time from amendment to amendment. Review collected by and hosted on G2.com.

What do you dislike about Prophia?

There are some reports that could be helpful to add that consolidate common terms across tenants from a building into a simple report. For example, showing all base years or pro-rata shares in a table. Review collected by and hosted on G2.com.

What problems is Prophia solving and how is that benefiting you?

Time and headache. All software investments should either save time or money. The time Prophia saves me from digging through files is invaluable. I can work through a diligence process or answer questions much faster. Review collected by and hosted on G2.com.

AA
Property Manager
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Prophia?

The searchable lease docs, the tenant basic info page, having something to check my our lease analysis against to ensure proper lease enforcement Review collected by and hosted on G2.com.

What do you dislike about Prophia?

The stacking plan is not quite usable, I have to create and share a stacking plan regularly and having something that could be exported from Prophia and added straight into a report would be so helpful Review collected by and hosted on G2.com.

What problems is Prophia solving and how is that benefiting you?

Solves having to go back through physical lease docs and non-searchable PDFs for information - reduces the time spent confirming info. Giving me more time to focus on other tasks Review collected by and hosted on G2.com.

Verified User in Real Estate
AR
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Prophia?

upsides are that we save time and don't miss important dates or requirements that we need to be aware of in our leasing documents. Review collected by and hosted on G2.com.

What do you dislike about Prophia?

it would be great if it linked up with Skyline - accounting software Review collected by and hosted on G2.com.

What problems is Prophia solving and how is that benefiting you?

giving our partners and other stakeholders an easy to reference set of data so that we can have productive discussions about the asset. Review collected by and hosted on G2.com.

Verified User in Real Estate
UR
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Prophia?

Site is simple, straight forward and easy to use. Different modules aren't overwhelming with information and include exactly what's needed. Review collected by and hosted on G2.com.

What do you dislike about Prophia?

I have no dislikes with using Prophia... Review collected by and hosted on G2.com.

What problems is Prophia solving and how is that benefiting you?

The stacking plan is very convenient. Lease documents all in one place. Review collected by and hosted on G2.com.

Verified User in Real Estate
UR
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Prophia?

User friendly very easy to navigate even being a new user. Review collected by and hosted on G2.com.

What do you dislike about Prophia?

I don't find anything I dislike about the program or software. I dont use the reports feature often as I prefer MRI. Review collected by and hosted on G2.com.

What problems is Prophia solving and how is that benefiting you?

I need to search information for different building and tenants and it is very easy to switch between as I often need to be in and out of files. Many other software systems require more steps to see information for different buildings. Review collected by and hosted on G2.com.

Malcolm W.
MW
Associate
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Prophia?

Lease abstracts are very intuitive and easy to use Review collected by and hosted on G2.com.

What do you dislike about Prophia?

Nothing! It's been very helpful and simple! Review collected by and hosted on G2.com.

What problems is Prophia solving and how is that benefiting you?

All lease information analysis Review collected by and hosted on G2.com.