AI-Powered Accounting Is Finally Coming to Real Estate — And One Firm Is Leading The Charge

For general partners, managing investments and fundraising for a commercial real estate project are top priorities. To dedicate the most time to this work, GPs must ensure the day-to-day aspects of their business, including accounting practices, are running smoothly. 

Manual accounting systems and storing financial information across different platforms can be time-consuming and increase the likelihood of errors. This not only hinders operations but can put the business at risk of being noncompliant.

Real estate investment platform Agora offers a streamlined accounting solution that brings GPs’ accounting, bookkeeping and tax preparation needs together in one workflow. Agora’s bookkeepers and certified public accountants utilize technology and artificial intelligence-driven workflows to perform key tasks, enhancing, rather than replacing, expert judgment. These include tracking finances, financial matching, extracting data from previous documents, reconciling records, categorizing journal entries and delivering K-1 forms to limited partners on behalf of the GP — efficiently and accurately. 

Agora Vice President of Financial Products Shepsi Berkowitz said the company’s model involves combining human capabilities with technology and provides reliability and control in real estate accounting. Agora supports organizations ranging from emerging syndicators to managers overseeing hundreds of millions to more than $10B in assets under management, with multifund, multi-asset structures and complex reporting requirements.

With Agora’s tools, GPs can have full visibility into every aspect of their business and minimize endless back-and-forth communication with vendors and LPs’ frustration. As they can now move through tasks more efficiently, they’re able to reallocate time toward building relationships with LPs and growing their business, Berkowitz said.

“Agora is the first tech company to focus on the challenges of accounting, bookkeeping and tax in real estate,” he said. “By unifying bookkeeping, tax, payments and investor data in one workflow, we’re creating a whole far greater than the sum of its parts: a system that becomes more powerful with every layer of integration. Our teams can extend their capacity and speed because they’re empowered by our technology.”

This solution integrates with Agora’s software, which GPs can use to manage investments and raise capital. Rather than communicating with LPs over email or tracking information through multiple spreadsheets, GPs can use the software to track their investments in real time, reach out to LPs for document review and signatures and provide them with updates about investment performance, and facilitate payments. 

When customers use Agora’s software, the company gains unique context regarding transactional data that enables its team and technology to elevate data accuracy toward near perfection, such as when creating a journal entry, Berkowitz said.

Agora's real estate expertise gives the company a competitive edge among traditional accounting companies and informs its approach with clients, said Agora Accounting Services Lead Nathan Schreiber, a former senior manager of a national real estate tax practice. 

He said Agora’s model is designed for institutional-level accuracy, predictable closing processes and standardized reporting across large, multi-entity portfolios — and while K-1 preparation is a core output, it’s only one component of a much broader accounting engine.

Agora already holds 90% of the data needed for bookkeeping and tax, which is also a huge differentiator, Schreiber said.

“The combination of year-round, context-rich data, AI-assisted reconciliation and a tightly integrated accounting team fundamentally changes what’s possible for GPs,” he said. “Because the platform already manages investor data, contributions and capital accounts, we start with almost everything everyone else has to chase. The level of accuracy and integration we achieve isn’t possible in a traditional environment.”

With the technology, Agora bookkeepers and CPAs can keep GPs’ finances organized and up to date throughout the year and ensure readiness for the upcoming tax season in advance, rather than scrambling to get documents ready at the eleventh hour.

GPs can use Agora’s accounting center to oversee bookkeeping and tax work. Once the accounting team completes its review, it can use Agora’s platform to send documents to the GP for their approval.

“We’re constantly optimizing our accounting deliverables and clients’ books and reports, and making sure they’re tax-ready throughout the year,” Berkowitz said. ”Our approach is entirely different. At the core, Agora is inviting firms to reimagine what accounting can be.”

These efforts have translated into results for clients, he said. Gelfund Real Estate Opportunities was able to save $90K per year using Agora for both its taxes and bookkeeping. EquityMultiple sped up filing by three months through Agora. 

Agora also supports clients managing hundreds of entities and complex multifund structures. 

“Clients have seen their work being streamlined and seen the money savings as a result of consolidating their traditional accounting solutions with Agora,” Berkowitz said. 

Moving into 2026, Agora plans to deepen automation across the entire accounting life cycle — from reconciliation to financial matching to tax preparation — and expand its unified accounting center to connect bookkeeping, tax, payments and compliance in one continuous flow.

Berkowitz said the company is also on a sharp upward trajectory, scaling its accounting footprint by five times annually across accounting revenue and customer base. 

“We’re emerging as the fastest-growing leader in real estate accounting, and we’re paving the way for a new standard,” he said. “Growth follows trust. The more we help GPs eliminate chaos, gain predictability and focus on business opportunities instead of operations, the more we see demand accelerate.”

This article was produced in collaboration between Studio B and Agora. Bisnow news staff was not involved in the production of this content.

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