The challenge

Multifamily transactions rarely happen on ideal timelines.

For 29th Street Living, a critical acquisition reached a pivotal moment late on a Monday afternoon. After working through delays in receiving the transaction files, the complete data room finally arrived at 5:15 PM.

The problem? The team faced a hard money deadline at 9:00 AM the following morning.

Under a traditional diligence process, completing a comprehensive lease audit overnight simply wasn't realistic. Manual review would have required days of work, additional staffing, or accepting unnecessary risk.

The Solution

29th Street Living immediately uploaded the data room into Rely.

Rather than spending the evening manually opening leases, reconciling rent rolls, and tracking findings in spreadsheets, Rely automatically:

• Classified every document

• Extracted key lease terms

• Audited leases against the rent roll

• Flagged discrepancies for review

• Linked every finding back to the original source document

At the same time, the Rely team worked alongside 29th Street Living throughout the engagement, ensuring the audit progressed without interruption and answering questions in real time.

The relationship wasn't built overnight. Over the previous year, both teams had the opportunity to build trust and work together, turning a single-site pilot into a trusted partnership that allowed everyone to feel confident when this critical opportunity arose.

The Result

Data received: Monday, 5:15 PM

Deadline: Tuesday, 9:00 AM

Outcome: Complete lease audit delivered with time to spare.

Instead of spending the night performing manual document review, the 29th Street Living team was able to focus on evaluating the findings and making informed decisions before capital was committed.

Why It Matters

Every multifamily acquisition eventually encounters moments when timelines compress. Documents arrive late. Deadlines do not move. Capital still needs confidence.

Rely was built for exactly these situations.

By transforming thousands of pages of unstructured documents into structured, source-backed intelligence in minutes, Rely enables transaction teams to move at the pace their deals demand, not the pace manual audits allow. It also allows companies to scale transaction volume without scaling headcount at the same rate, giving teams the capacity to pursue more opportunities, handle overlapping deals, and maintain a consistently high standard of diligence.