AMTdirect was acquired by MRI Software in January 2021, and amtdirect.com now redirects there. If that put your lease software back on the table, upload a lease and see a source-linked abstract free.
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AMTdirect now lives inside MRI Software, so the practical question is what a corporate occupier or lessee should shortlist next. This table covers who each tool suits, whether you can test it without a sales call, whether it reads lease documents or expects you to key the terms in, and how each one is priced.
| Software | Best for | Self-serve / free trial | Reads lease PDFs | Lessor accounting | Pricing |
|---|---|---|---|---|---|
| LeaseAbstractors This tool | Fast, self-serve lease abstraction | Yes, free, no signup | Yes, including scanned PDFs | Not an accounting engine | Free tier + usage plans |
| MRI Software (AMTdirect's home) | Existing AMTdirect clients, corporate occupiers | Demo / sales-led | Yes, AI data extraction advertised | Yes | No published pricing |
| Black Owl Systems | Finance teams and CPA firms | Demo / sales-led | Not advertised, expect manual entry | Yes, uncommon in this category | No published pricing |
| Visual Lease | ASC 842, IFRS 16, GASB 87 and 96 | Demo / sales-led | Yes, AI abstraction | Yes | No published pricing |
| FinQuery | Multi-standard compliance and CPA firms | Demo / sales-led | Yes | Yes | No published pricing |
Positioning reflects each vendor's own public materials as of August 2026. None of these platforms publishes a price list, so every figure you see quoted elsewhere is third-party and unverified. Confirm scope and cost with each vendor directly before you buy.
An acquisition is the moment a lease software decision reopens. The product did not disappear, but the roadmap, the contract, and the support path all moved, and most teams use that as the point to check whether what they are paying for still matches the job they actually need done.
Both amtdirect.com and www.amtdirect.com now return a permanent redirect to MRI's lease accounting page. There is no standalone product site left to check a feature or a release note against.
The contract, the account team, and the suite the product is sold alongside all change eventually. That is usually the moment a lease software decision reopens whether you planned it or not.
Full lease administration platforms bundle accounting, space, and facilities management. Teams who only needed accurate lease data end up paying for modules they never open.
Moving platforms normally means somebody retypes lease terms from an export. That is slow, it is expensive, and it copies forward whatever was already wrong in the old record.
Evaluating replacements usually means a round of demos and a procurement cycle before you ever see the tool run against one of your own messy leases.
A platform export tells you what somebody keyed years ago. Without a link back to the lease page a number came from, nobody can check whether it still matches the document.
Split the job before you shortlist. Reading the leases and accounting for them are two different problems, and the second one is where the suite pricing sits. Plenty of teams find they need excellent abstraction and a much smaller accounting footprint than a full suite implies.
Upload one of your own leases and read the abstract the same day. Accuracy on a messy 90 page lease with four amendments is the only benchmark that matters, and no demo will show you that.
Moving platforms is the expensive part. If your lease terms are abstracted from the source documents into Excel or CSV, they load into whatever system you pick next instead of being re-keyed by hand.
Every rent, date, and option should cite the page it came from. That is what makes a migration auditable and what lets someone answer a question about a number without reopening the lease.
A standalone abstraction tool exports into MRI, Yardi, CoStar, or your own spreadsheets, so choosing it does not commit you to one vendor's whole ecosystem.
Enterprise lease suites are sized for portfolios of fifty or more locations. Usage-based pricing with a free tier fits smaller portfolios and one-time migration projects without an annual commitment.
256-bit encryption in transit and at rest, no SOC 2 attestation held today, and your documents are not used to train our own models.
A migration plan that gets your lease data out as portable, cited fields rather than a vendor export nobody can check.
Collect the executed lease, every amendment, extension, work letter, and estoppel. A platform export tells you what somebody keyed years ago. The documents tell you what is actually true today.
Tip: Export the incumbent data too, but treat it as a cross-check rather than the source of record.
Upload the documents in a batch and let the AI populate rent steps, commencement and expiration, options with their notice windows, recoveries, free rent, and TI, to identical fields across every lease.
Compare the fresh abstracts with the incumbent export. Differences are the point of the exercise: they show where the old record drifted from the lease, usually on amendments and option notice dates.
Export to Excel, CSV, or JSON and import it into MRI, a lighter accounting tool, or your own model. Because every field cites its page, the new system starts with an auditable trail behind it.
The questions US lease administration, accounting, and corporate real estate teams ask once they find out AMTdirect changed hands.
AMTdirect was acquired by MRI Software, announced January 27, 2021, and the brand has since been folded into MRI's lease product line. The clearest evidence is the domain itself: both amtdirect.com and www.amtdirect.com now return an HTTP 301 permanent redirect to MRI's lease accounting software page. MRI acquired the business from Luminate Capital Partners and did not disclose terms.
Yes, in practical terms. AMTdirect was a North Carolina company selling lease accounting, lease administration, and facilities management software to corporate occupiers and lessees. MRI still lists AMTdirect as a product on third-party review sites under the MRI Software vendor profile, but the standalone website is gone and MRI's own lease accounting page is where the redirect lands. If you are looking for an AMTdirect login, it now runs through MRI.
MRI advertises AI data extraction on the product line AMTdirect became part of, describing it as leveraging AI to abstract lease data and automatically extracting, cleansing, and aggregating data from physical paper lease documents. MRI also cites one client reducing time spent abstracting and validating data by 90 percent, a vendor-reported figure rather than an independently tested one. Our fuller take is in the MRI lease abstraction alternative comparison.
MRI publishes no pricing for its lease accounting software, and AMTdirect never published a public price list either. Cost depends on portfolio size, modules, and contract term, and the product was historically aimed at portfolios of roughly fifty locations and up. Any per-lease or per-year figure you find on a comparison blog is third-party and unverified. We only publish figures vendors publish themselves, which is the same standard used in our ASC 842 lease accounting software pricing comparison.
These solve overlapping but different problems. The MRI line AMTdirect joined is a full corporate real estate suite: lease administration, space and facilities management, and accounting together. Black Owl Systems is a focused lease accounting engine for finance teams and CPA firms, and it handles lessor accounting, which many competitors skip. Black Owl does not advertise document extraction, so expect to key lease terms into it. Neither publishes pricing. The head-to-head detail sits in Black Owl Systems vs Occupier.
MRI's announcement said clients used AMT's technology to manage lease portfolios while ensuring compliance with global lease accounting standards such as FASB, IASB, and GASB. MRI's current lease accounting page names ASC 842, IFRS 16, and GASB 87 specifically. If your organization is a US government entity you will also want GASB 96 for subscription-based IT arrangements, so confirm that scope explicitly rather than assuming it. Getting the underlying lease data right first is covered in how to prepare lease data for ASC 842.
Stay if you run a large occupier portfolio and genuinely use lease administration, space management, and accounting in one place. The suite earns its cost when all three are in daily use. Switch, or at least unbundle, if what you actually needed was accurate lease data and a compliant schedule, because you are paying suite pricing for a reading problem and a calculation problem that can be solved separately. Teams migrating a whole book at once usually start with bulk lease upload, and the wider shortlist is in the best lease abstraction software roundup.
MRI Software acquired AMTdirect from Luminate Capital Partners, announced January 27, 2021. Terms were not disclosed. AMTdirect was a North Carolina provider of lease accounting, lease administration, and facilities management software for corporate occupiers and lessees, and MRI framed the deal as deepening its offering for corporate tenants.
No. Both amtdirect.com and www.amtdirect.com return an HTTP 301 permanent redirect to MRI Software's lease accounting software page. A permanent redirect of the root domain is the strongest public signal that a brand has been fully absorbed rather than run as a separate product site.
Not automatically. Acquisitions rarely force an immediate move, and MRI continued supporting the client base. What usually changes is the renewal conversation, the roadmap, and which suite the product is sold alongside. Most teams treat the next renewal as the natural point to re-evaluate rather than switching on the announcement.
It depends which half of the job you need. If you need lease administration, space management, and accounting in one suite, stay with MRI or look at Visual Lease and FinQuery. If what you actually need is accurate lease data out of the documents, a focused abstraction tool costs far less and exports into whatever accounting system you keep.
Yes, and it is worth doing from the documents rather than the platform export. Abstracting the executed leases and amendments fresh gives you a dataset with every field linked to a source page, which loads into any new system and doubles as a check on whatever drifted in the old record.
Upload one of your own leases here and read the result, free and without a demo or signup. Pick your ugliest document: a long retail lease with several amendments, a percentage rent clause, and a scanned exhibit. That is the test that predicts how a tool performs on the rest of your portfolio.
Neither publishes a price list. MRI's lease accounting page directs buyers to contact sales, and AMTdirect did not publish public pricing before the acquisition. Cost varies with portfolio size, modules, and term. Treat any specific figure on a third-party comparison site as unverified until the vendor confirms it in writing.
The suite AMTdirect became part of, compared.
Learn moreTwo lease platforms buyers weigh against each other.
Learn moreThe full honest shortlist for US real estate teams.
Learn moreSoftware and managed services, compared honestly.
Learn morePublished pricing across the compliance platforms.
Learn moreAbstract a whole portfolio in one migration batch.
Learn more