NewSpreadsheets open in the browser
For real estate sponsors and syndicators

Raise for your next property, with eyes on every investor.

Share the offering memorandum, the underwriting and the subscription documents with each investor on their own link. See who read the numbers, and answer questions in one place.

Flat-rate, your team included. Room free for 14 days.
Project Kestrel
Sell-side
86 documents · Link is live
Documents 86
IndexTypePagesAddedViews
1Corporate9 files
1.1Certificate of incorporation.pdf42 weeks ago6
1.2Board minutes 2025.pdf16Last week4
2Financials14 files
2.1Financial model FY26.xlsx242 days ago11
2.2Audited accounts FY25.pdf385 days ago8
2.3Revenue by customer.xlsxNew6Today3
3Legal21 files
3.1Material contracts.pdf523 days ago7
4Commercial12 files

Your raise lives in email attachments and a shared folder.

Investors get the OM by email, the model by Dropbox and the subscription documents by e-signature, and you can't tell who has read any of it until they call, or don't.

What you get

Everything an equity raise needs, in one room.

Equity raise templateStart from a structure investors know

Numbered folders for the investment summary, the underwriting, the property, the sponsor's track record and legal.

A link per investorEach investor sees only their folders

Give every investor their own link and turn it off when the raise closes.

Spreadsheets in the browserShare the model without sending the file

Excel and CSV files open as a read-only preview, even with downloads off.

Q&A in the roomEvery question, with its page

Investor questions arrive with the document and page they're about, in one thread per investor.

In practice

Follow up with the investors already in the model.

You open the raise to forty investors. Within a week, nine have read the OM and opened the financial model; most haven't gone past the summary. You spend your calls on the nine.

Project Kestrel / Access
Groups · each with its own link · click a folder to give or take access
Harbour CapitalActive
JLRSLP3 people · 23 opens
Northgate PartnersActive
TGSI2 people · 9 opens
Alder & PikeActive
MC1 person · 14 opens
Brookfield GrowthActive
DR1 person · 4 opens
Access requests
a.ross@alderpike.com asked for access“Joining the Alder & Pike diligence team.”
Security

Built for confidential documents.

Exactly what we do to protect your deal, in plain terms.

Read the security overview →
Access-checked files

No file has a public address. Every page request is checked against the viewer's access first.

Verified viewers

An email code, a passcode, an NDA, or a list of approved people.

Watermarks Founder and up

The viewer's email across every page they read.

Download control

Off by default. Readers view in the browser unless you allow a copy.

Permissions Room and up

A separate link per party, limited to the folders you choose. Turn any link off instantly.

Audit log Room and up

Every open, download, invitation and access change, exportable as CSV.

A plan for every process.

One room for diligence, a live process for a deal, several at once for a desk. Try Room free for 14 days.

Deal

Manage multiple deals and professional workflows

$299/month

Billed monthly

Start with Deal
  • Everything in Room
  • Three live data rooms
  • Up to 10 people
  • Branding per room
  • Guided onboarding
  • Priority support
  • Room comparison (soon)
Desk

Operate your entire deal workspace

$699/month

Billed monthly

Start with Desk
  • Everything in Deal
  • Ten live data rooms
  • Up to 25 people
  • Workspace export
  • Invoice billing
  • Dedicated onboarding
  • Your own domain (soon)
  • Cross-room analytics (soon)
Firm

Bring secure deal collaboration to your organization

Custom

A yearly contract, invoiced

Talk to us
  • Everything in Desk
  • Rooms and people as needed
  • Single sign-on
  • Contract pricing
  • Success manager

Prices are plus tax. Team included, no per-seat fees; add 5 more people for $99/month. Firm is priced with you, on a yearly contract.

Real estate FAQ

Anything else? Talk to the founder directly.

Do investors need an account?

No. They open their link in a browser, after confirming their email or accepting an NDA if you ask for one.

Can investors see the financial model without downloading it?

Yes. Spreadsheets open as a read-only preview of every sheet, even when downloads are off.

What does it cost?

$149 a month for one live data room (Room, free for 14 days), $299 for three (Deal) and $699 for ten (Desk). No per-investor or per-page fees.

Get started

Open your next raise's data room.

Start free, or try a data room free for 14 days. We'll set it up with you if you like.

  • Free plan, no card needed
  • Data rooms free for 14 days
  • Setup help if you want it