lexicon: t12-noi ✓AI-FIRST CRE INSTITUTIONAL ASSET MANAGEMENT
Ask your portfolio a question.
Get the answer, and the source behind it.
Meridian reads the documents your team already works from: rent rolls, T-12 operating statements, deal memos and investor presentations. It answers questions in plain English, and every answer shows the property, the period and the calculation, cited back to the line in the source document. Because Meridian links every number from the fund down to the individual lease, any figure can be traced and checked.
Meridian also works with your existing Excel models. It runs your approved underwriting, asset management, fund and loan servicing models as they are, with formulas and cell references intact, rather than rebuilding them in a new system.
ALDER PORTFOLIO · TRAILING TWELVENOI
Beacon Wharf$0NOI · Jan–Dec
Juniper Court$0NOI · Apr–Mar
Vesper LoftsNot printedNOI line absent
BEACON WHARF · RENT ROLLOCCUPANCY
96 UNITS · 4 PAST LEASE-END · PET + OTHER CHARGES SPLIT
BEACON WHARF · EXCEL MODELVALUE
=XLOOKUP(A2,A:A,B:B)/C2
$0
NOI 1,310,000 · cap 5.74% · resolves in the sheet
MULTIFAMILYCOMMERCIALCREDIT AND DEBTRENT ROLLST-12S AND OPERATING STATEMENTSDEALSINVESTOR PACKS
02 KNOWLEDGE GRAPH · PORTFOLIO → TENANT
See the whole portfolio, connected.
Ask one question across every fund, property and lease, and get numbers you can audit.
Meridian organizes your portfolio as a knowledge graph: a connected map in which each fund, property, unit, lease, tenant and statement line is a record, linked to the records it relates to. For example, a fund owns properties, a property has units, a unit has a lease, and a property has operating statements made of individual line items.
When you ask a question, Meridian follows those links to gather the right figures, then cites each one back to the lease, statement or model it came from. In the demo below, you can see the path Meridian took to reach its answer. Drag any node — the pulse is the walk the agent just ran.
The structure draws on open industry standards: the Financial Industry Business Ontology (FIBO) for legal and financial entities such as funds, ownership and loans, and RealEstateCore for physical and operational data such as buildings and units. A Meridian asset-management layer joins the two, so a question can span ownership, operations and performance.
FIBO · legal / financial
REC · physical / operational
REAM · asset-management join
DRAG NODES · HOVER FOR TYPE + FIELDS
Query the asset graph. Extract interconnected market and property truths — fully cited back to the source lease or underwriting model.
ACQUISITIONS AND DUE DILIGENCE
Organize a data room quickly.Surface lease obligations and tenant concentrations before you model the deal, with citations to the page in the source PDF.ASSET MANAGEMENT AND OPERATIONS
Connect rent rolls with operating statements.Ask questions that span properties and get answers tied to the source documents.FUND MANAGEMENT AND INVESTOR REPORTING
Support the numbers you report to LPs.Roll property-level data up to fund-level metrics, with a documented trail from each fund figure back to its sources.03 THE ANSWER
Every answer shows its source.
Exact figures, dates and findings, each traced to the document. If a number isn't in the document, Meridian says so.
What is NOI for the portfolio?
lexicon: t12-noi ✓LINE ABSENTSource quote: “Net operating income …… 1,310,000” — the figure is read directly from the statement, not retyped.
QUOTATIONS ARE SUPPORTING EVIDENCE, NEVER THE ANSWER
04 DOCUMENTS
From documents to a structured record.
Each document is read the way an analyst would read it, and discrepancies stay visible.
Rent rolls and operating statements are read as tables: every unit, lease, charge and line item is extracted and the totals are checked — by fixed rules, not AI interpretation. Presentations and offering memoranda are kept as narrative; Meridian never converts a projection into a reported number. If a total doesn't tie, the item goes to an exception queue for human review rather than being quietly adjusted.
beacon-wharf-roll.pdf96 units · leases · chargesADAPTER · NO MODEL NEEDED
juniper-court-t12.pdf12 months · line by line · totals checkedADAPTER · TOTALS VERIFIED
vesper-lofts-deck.pdfNarrative · forward-looking stays narrativeNARRATIVE LANE
UNITSTATUSTENANTRENT
B-101OccupiedEllis, R.2,240
B-102Vacant——
B-114OccupiedPet +$351,265
EXCEPTION · 3 TOTAL-MISMATCH ROWS — KEPT VISIBLE
LINEPERIODTOTALCHECK
Net operating incomeApr–Mar764,000✓ months sum
Gross potential rentApr–Mar1,180,400✓ months sum
Cash balance rowsApr–Mar—3 mismatches queued
PARENTHESES ARE NEGATIVES · SECTION HEADERS STAY ROWS
OFFERING MEMO · NARRATIVE
Offering memo: a growth story, not a ledger.
Narrative content is stored as text with links to the evidence. The software decides each document's type before it is read, and any proposed change to the record is queued for a person to approve.
TYPE PINNED BY ROUTER · PROPOSALS QUEUED FOR HUMANS
05 LEXICON + KNOWLEDGE BASE
Your firm's definitions, applied consistently.
Write down how your firm calculates each metric once. Meridian applies it the same way every time.
Every firm defines its key metrics a little differently: what counts in NOI, how occupancy treats model units, how a renewal trade-out is measured. Meridian keeps these definitions in a metric library: plain-language notes that your team can read, review and approve, not formulas buried in software code. When you ask for a metric, Meridian looks up the approved definition and follows it exactly. New definitions can be drafted with AI help, but they take effect only after someone at your firm approves them.
WALK · anchor → hops → sum(amount_total)
Example definition: trailing-twelve-month NOI
Add up the NOI line as printed on each property's operating statement. If a statement has no NOI line, report it as missing. Never estimate.
anchor: BuildingAsset hops: hasStatementLine → StatementLine where: label = "Net Operating Income" numerator: sum(amount_total)
A related rule covers rent: occupied units use contract_rent, vacant units use market_rent, and monthly figures are annualized (×12) only when all months are present.
CUSTOM KB · your terms
Renewal trade-out, exposure, DSCR…Add the metrics your firm tracks. Draft with AI; adopt on approval.CALCULATOR · python-backed
Cap-rate valueStandard calculations run as tested code rather than AI arithmetic.06 EXCEL MODELS & WORKBOOKS
Your Excel models keep doing the calculating.
Meridian runs the workbook you already have. Formulas stay formulas.
Meridian doesn't replace your underwriting model with its own. It opens your workbook, enters the inputs and lets Excel's formulas calculate, including modern functions such as XLOOKUP, SORT and dynamic arrays. Approved calculations are registered alongside the sheet by name, so Meridian uses your model's logic rather than its own estimate.
ABCD
1PropertyNOICapValue
2Beacon Wharf1,310,0005.74%=XLOOKUP(A2,A:A,B:B)/C2
322,807,018
NAMED CALC · cap-rate-valueSORT · XLOOKUP · SEQUENCE SPILL ✓
Cap 4.75%27.6M
Cap 5.74%22.8M
Cap 6.75%19.4M
Rent −5%21.6M
SENSITIVITY, RUN IN THE WORKBOOK
NOI BRIDGE · ACTUALS → REFORECAST
NOI BRIDGE · REFORECAST FROM LIVE ACTUALS, NOT COPY-PASTE
07 AUTOMATION
Analysis, scheduled reviews and background tasks, in one place.
Meridian doesn't only answer questions. It does recurring work.
Meridian can run saved calculations, refresh your workbooks, write dated notes and deliver approved metrics to the tools your team already uses. Custom analysis is written in Python and runs in an isolated, secure environment; the result appears directly in the answer, showing the inputs used and any default assumptions.
def value(noi, cap_rate):
return noi / cap_rate
noi = gross_rent * (1 - expense_ratio) # default 0.35
print(value(noi, 0.0574)) # → 22,807,018RUNS WHERE THE ANSWER RUNSINPUTS: METRIC · SNIPPET · VALUE+DEFAULT
DAILY 07:00financial_reviewOperating statement + rent roll → variance note
MON 08:00lease_monitorUpcoming expirations → follow-up list
ON INGESTdeal_screenOffering memo + rent roll → first-draft IC memo
THE SAME NUMBER EVERYWHERE · APPROVED METRICS SHARED VIA MCP
08 THE DESK
Reports and dashboards as working documents.
Each property page is a living document: live figures, linked sources and this week's to-do list.
In Meridian, a dashboard is a working document rather than a separate reporting tool. Each property or fund page can include live tables and charts, embedded PDF pages, links to related properties and leases, and a weekly board for open items. Scratch drafts are temporary; signed reporting packs are kept as permanent records.
Beacon Wharf
↳ Juniper Court · Vesper Lofts · ![[beacon-roll.pdf]]
NOI (T12)1.31M · citedOccupancy93% · rent rollValue22.8M · from sheet
![[juniper-t12.pdf#NOI]] · ![[lease-B101#terms]] · live table ↓
This week
Expirations in the next 90 days4 units · follow-up list drafted by Meridian
Budget vs. actualVariance table and commentary queued for review
Review, Vesper LoftsNOI line missing from the statement — confirm with the property manager; don't estimate
09 THE PLATFORM
One platform from acquisition to investor reporting.
The same portfolio record, definitions and Excel models support every stage of the investment lifecycle.
- PORTFOLIO OVERVIEWEvery property on one pagePortfolio KPIs, anomaly alerts, morning summary
- LEASING & EXPOSURECritical dates, renewals, trade-outsExposure watchlists and follow-up lists
- MONTH-END CLOSEBudget vs. actualT-12 and variance packs, variance commentary, signed month-end packs
- ACQUISITIONSScreen deals in your own workbookData-room organization, comps, underwriting models, IC memos
- CAPITAL & INVESTORSDebt, ownership, investor packsOwnership look-through, loan covenants, NCREIF-aligned packs, approved metrics shared with other AI tools
- DATA & SCALESelected system feedsDefined freshness standards, commercial coverage, enterprise security and controls
10 WHY MERIDIAN
How Meridian compares with data-feed platforms.
Data-feed platforms standardize your data and often supply outsourced analysts. Meridian puts the analysis on your own desk, and your team can extend it.
FEED OSMERIDIAN
Daily PM feeds✓ 100+ system connectors✓ starts from your files, selected feeds where reliable — accuracy before volume
Rent-roll analytics✓ dashboards✓ rule-based document readers + your approved definitions, with citations
Analysts on staff✓ outsourced analysts✓ software agents + scheduled tasks that your firm owns
Excel models— export data to Excel✓ your Excel models calculate in place
Firm formulas— fixed by the vendor✓ readable metric library + custom definitions
Ad-hoc math— back to spreadsheets✓ secure Python calculations inside the answer
Desk— another BI portal✓ working documents with embedded PDFs, notes and planning boards
AI access✓ copilots on their cloud✓ approved metrics shared via MCP — same number everywhere
STOP ASSEMBLING REPORTS BY HAND. START ASKING.
An AI layer on the documents and workbooks you already use.
Meridian is not a replacement for your property management system, an outsourced analyst service, or another dashboard product. It works with the systems and models you already trust.
DEMO DATA SHOWN IS ILLUSTRATIVE · YOUR FILES REMAIN YOURS