Re Lease Administration provides a cloud-based platform and brokerage services that centralize commercial real estate management for healthcare groups, particularly dental service organizations. The platform handles lease abstraction, ASC 842 and IFRS 16 lease accounting, and critical date tracking, while its national brokerage team negotiates favorable lease terms. By replacing spreadsheets with automated tools Secteur, Re Lease helps multi-location practices avoid costly lease renewal mistakes, potentially saving hundreds of thousands of dollars per portfolio.
Funding
Funding not disclosed
Founders
Product
Problem
Healthcare groups with multiple locations struggle to manage commercial real estate portfolios using spreadsheets, leading to missed lease expiration deadlines and loss of negotiating leverage. Poorly negotiated lease renewals can cost dental service organizations hundreds of thousands to millions of dollars over a five-year term, yet 80% of practices attempt DIY negotiations without specialized expertise.
Solution
Re*Lease Administration provides a centralized, cloud-based real estate management platform paired with full-service brokerage support. The technology automates lease abstraction, tracks critical dates and obligations, and ensures compliance with ASC 842 and IFRS 16 accounting standards. The platform converts messy lease data into actionable oversight, while the experienced brokerage team leverages portfolio knowledge to negotiate favorable terms, tenant improvement allowances, and concessions. This combined approach helps organizations reduce overhead and avoid the costly consequences of missed deadlines or suboptimal lease agreements.
Target Audience
Primary customers are healthcare groups, particularly dental service organizations (DSOs) and multi-site dental practices, that manage large real estate portfolios and need specialized lease administration and negotiation expertise.
Features
- Lease abstraction and administration module that digitizes and centralizes key lease data from multi-location portfolios
- Lease accounting engine automating ASC 842 and IFRS 16 compliance, accurately recognizing lease assets and liabilities on balance sheets
- Critical date tracking and obligation management with centralized landlord communication support
- Full-service national commercial real estate brokerage specializing in dental industry lease negotiations, including DeNovo, renewals, and practice acquisitions
- Cloud-based platform designed to replace spreadsheets for real estate oversight, acting as a single source of truth