Updated:
ProrateSmart
Founded in 2013 by Todd Jablonski in San Francisco, ProrateSmart addresses the specialized accounting problem of common area maintenance reconciliation in...
ProrateSmart
Founded in 2013 by Todd Jablonski in San Francisco, ProrateSmart addresses the specialized accounting problem of common area maintenance reconciliation in commercial real estate. The firm was built on the observation that property owners and tenants spend enormous legal and administrative resources reconciling shared building costs — a process most operators still handle with manual spreadsheet workflows. ProrateSmart's software reads lease language and maps expense structures to automate these allocations, a niche that took on greater urgency after the 2018 revision of ASC 842 lease accounting standards increased disclosure requirements for many US corporates. The platform covers three asset classes: office, retail, and industrial properties, with a focus on portfolios of over 500,000 square feet. ProrateSmart's core engine ingests general ledger line items, matches them against lease clauses concerning operating expense caps, exclusions, and base-year constructions, and produces auditable reconciliation statements for both landlord and tenant sign-off. The firm distributes through property management partnerships rather than a direct enterprise sales model, integrating with accounting platforms including MRI Software and Yardi. While AUM is not applicable to its SaaS structure, the firm has disclosed processing annualized commercial real estate obligations measured in billions of dollars across North American portfolios. Jablonski remains the sole named principal in public records, with no known outside capital raised from institutional venture firms. ProrateSmart maintains a San Francisco headquarters and does not disclose additional offices. The company has not publicly announced a philanthropic vehicle, adjacent operating business, or co-investment club. Its posture is that of a bootstrapped, domain-specific software provider rather than a multi-product platform or a financial services entity. ProrateSmart's structural differentiator is pure vertical focus: the entire company exists to solve one reconciliation problem well. This narrowness contrasts with broader property management software suites that treat CAM allocation as a peripheral module. Succession and governance remain questions for a firm still closely identified with its founder — a common architecture for vertical SaaS companies that have not taken outside capital or built an external board.
General information
Firm type
Asset Manager
Year founded
2013
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Principals
Todd Jablonski
Founder & CEO
Sector focus
Frequently asked questions
What specific problem does ProrateSmart solve?
ProrateSmart automates common area maintenance reconciliation — the process of allocating shared building operating expenses to individual tenants according to their lease terms. The software ingests general ledger data and lease abstracts to calculate each tenant's share of costs like cleaning, security, and utilities. This replaces manual spreadsheet workflows that are prone to error, delay, and legal disputes between landlords and tenants (per the firm's published product documentation).
How does ProrateSmart integrate with existing property management systems?
ProrateSmart has built integrations with major property management platforms, including MRI Software and Yardi, which dominate the North American commercial real estate market. The firm pulls general ledger and lease data from these systems rather than requiring manual data entry. This integration posture positions ProrateSmart as a specialist layer that sits on top of the accounting system of record rather than attempting to replace it.
Is ProrateSmart a venture-backed company?
There is no public record of ProrateSmart raising institutional venture capital. The firm appears to be founder-funded and bootstrapped, which is consistent with its narrow vertical focus and the absence of venture-style scaling language in its public communications. Todd Jablonski remains the sole named principal on public filings and the firm's website.
What types of commercial properties does ProrateSmart serve?
ProrateSmart targets office, retail, and industrial properties, with a disclosed focus on portfolios exceeding 500,000 square feet. Its tooling is built for the multi-tenant property structure where CAM costs are shared across different lease types — each with distinct expense caps, exclusions, and base-year provisions that the software must parse and apply correctly across all tenants in a building or portfolio.
Does ProrateSmart operate outside the United States?
ProrateSmart's headquarters is in San Francisco, and its public product documentation references North American lease structures and accounting standards (including ASC 842 compliance considerations). There is no public indication of international offices or non-US lease-type support, placing its current geographic focus within the US and Canadian commercial real estate markets.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on asset managers?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: