“With Agora I can simply click and upload the K-1s as a collection of documents, and just like that, each person receives the correct K-1."
Trusted by 1200+
customers worldwide
Case study
“With Agora, we no longer have to spend time on the nitty gritty parts of our tax operations – we just send them raw data and they do it all for us.”
Rebecca Park
Associate Director of Financial Operations
Case study
“Agora has been extremely helpful in streamlining our whole back-end operations and centralizing the whole investor experience.”
Chelsea Deluca
Chief Operating Office
Case study
“The dedicated support from Agora’s customer success team has been transformative for us.”
Mike Doney
Operating Officer
Case study
“Agora streamlined our investor onboarding, what used to take hours now takes just minutes. Investors complete entire subscription docs in 8-10 minutes."
Matt Stein
Chief Development Officer
Case study
“With Agora, I’ve cut communication efforts by 50-75%. Uploading documents, K-1s, and investment statements has never been easier”
Ryan Clintworth
Principal
Case study
“Agora is more than a solution; it's a partner. It solves our operational needs securely, saves us time, and is built to grow with us for the long haul."
Nicole Warwood
Chief Financial OfficerAutomated and accurate
waterfall distributions
Customizable to fit your waterfall structure
Calculate waterfall distributions for any entity structure, including side letters for open-end funds, debt vehicles, and class-based waterfalls. Seamlessly manage LPs as combined groups with identical terms, accommodating diverse LPAs.
Automated, error-free calculations
Ensure precise investor distributions with full automation, eliminating the errors and inefficiencies common with Excel. Save time, prevent errors, and send accurate, reliable distributions every time.
Full transparency for you and your investors
Foster trust and promote transparency by gaining real-time visibility into distribution calculations, investor tiers, and current balances. Both you and your investors can see detailed insights into how calculations are made, ensuring complete clarity and confidence.
Waterfall automation,
by the numbers
FIRMS
1200+
Real estate firms running on Agora
TIME BACK
90%
Less time on manual distribution work
ERRORS
0
Spreadsheet errors. Ever.
COVERAGE
100%
Audit-trail coverage on every payout
THE ANSWER
The real estate waterfall automation solution
Agora replaces spreadsheets and manual calculations with one platform built specifically for real estate distributions.
Automated waterfall calculations
Stop running distributions in Excel. Agora handles every tier, every LP, every structure automatically and without errors.
- Customizable waterfall tiers and preferred returns
- Class-based and individual LP waterfalls
- Side letter support per investor
- Full calculation breakdown on every run
Real-time distribution transparency
Give every investor a clear view of exactly how their distribution was calculated. No more back-and-forth after payouts.
- Investor-facing distribution breakdowns
- Live balance and tier visibility
- Accessible 24/7 through the investor portal
- Eliminates distribution-related support requests
End-to-end payment execution
From waterfall calculation to cash in investor accounts. Review, approve, and pay without leaving the platform.
- One-click ACH distribution payments
- Cross-border payments for international LPs
- Automated distribution statements
- Complete audit trail per payment
HOW IT WORKS
How Agora automates waterfall distributions
From fund setup to accurate investor payouts, without the manual back-and-forth.
Configure your waterfall
Define fund structure, LP tiers, preferred returns, side letter terms.
Connect your cap table
Sync ownership data so every tier calculates from the source of truth.
Run calculations instantly
Generate waterfall outputs in seconds and review the full breakdown.
Pay and report
Distribute via ACH, deliver investor statements, maintain audit trail.
BUILT FOR REAL ESTATE
Who uses waterfall automation software
Waterfall distributions are not the responsibility of a single role. Agora gives every stakeholder the visibility and tools they need.
- Fund Managers
- Syndicators
- IR Professionals
- CFOs & COOs
Fund Managers
Automating complex waterfall calculations at scale
You manage distributions across dozens of LPs, each with unique waterfall tiers. Manual calculations create errors your investors will notice.
- Generate waterfall calculations in seconds
- Automate capital calls with one-click notifications
- Deliver institutional-grade distribution reports
- Track every investor payout in a unified CRM
Real people, real results
“Instead of digging through spreadsheets and calculating distributions and returns for investors, we can simply input the data into the system and update it, refreshing it in real time and providing investors with better transparency.”
Michael K. Manzo, Managing Partner and President
Read more
What is waterfall automation in real estate investing?
Waterfall automation in real estate investing is the use of software to automatically handle complex profit distribution calculations. Specifically it:
- Replaces manual spreadsheet calculations with automated logic
- Distributes returns across predefined investor tiers and conditions based on your waterfall structure
- Recalculates automatically based on your configured update interval, keeping balances current without manual intervention
- Eliminates the need for manual oversight on every distribution cycle
Learn more about how leveraging waterfall automation can help you avoid calculation errors.
How does waterfall automation improve the distribution process?
Waterfall automation improves real estate distributions by:
- Eliminating manual errors inherent in spreadsheet-based calculations
- Reducing the time it takes to process and deliver payouts to investors
- Ensuring the same distribution rules are applied consistently every time
- Maintaining a full audit trail accessible directly through the investor portal
For more information, read our article on Agora’s waterfall automation tool.
What types of waterfall structures can be automated?
Agora’s waterfall automation handles a wide range of distribution waterfall types, including:
- Side letters for open-end funds
- Debt vehicles with interest-based models
- Class-based waterfalls
- Individual-based waterfalls
- Combined groups with identical terms
This flexibility lets you manage diverse LPAs and accommodate different investment structures without building separate processes for each. Learn more about commercial real estate waterfall models.
How does Agora promote transparency with waterfall calculations?
Agora gives both fund managers and investors full visibility into distributions by:
- Providing real-time breakdowns of every calculation
- Showing investor tiers and current balances at all times
- Giving investors direct access to their distribution data through the investor portal
Connecting distribution data directly to investor reporting so nothing gets lost between systems
How can Agora reduce the risk of errors in waterfall distributions?
Agora eliminates the main sources of distribution errors by:
- Automating cap table and distribution calculations to reduce manual data entry
- Preventing illogical configurations that Excel allows but that produce incorrect results
- Connecting distributions directly to capital calls so data flows without manual reconciliation
- Maintaining a complete audit trail that makes every calculation reviewable
Learn more about how Agora’s waterfall automation tool can help reduce the risk of errors in waterfall distributions.