TermSheet alternatives now that TermSheet is Intapp Properties

What happened to TermSheet

TermSheet occupied a specific spot in CRE software: real deal management, built for investment teams rather than brokers, without the institutional price tag of the biggest platforms. That spot is now empty. Intapp announced its agreement to acquire TermSheet on April 11, 2025, with closing expected within 45 days. TermSheet had been an affiliate of Platform Ventures, a Kansas City investment firm, and founders Roger Smith and Sahil Rattan joined Intapp with their team.

The brand followed the company. As of July 2026, termsheet.com returns a 301 redirect to Intapp's Properties page, where the product now lives as Intapp Properties. Intapp's stated plan, repeated across the announcement coverage, is to converge TermSheet with DealCloud into a unified operating system for real assets, delivered to current clients of both products without additional purchase.

For existing customers that is a reasonable outcome on paper. The reason this page exists is everyone else: teams that were evaluating TermSheet, and small customers watching their vendor's center of gravity move to an enterprise company whose sales motion starts where their budget ends.

What Intapp Properties is today

Credit where due: the product that came out of the acquisition is substantial. Intapp Properties describes itself as a unified operating system purpose-built for real assets, and the feature set backs the ambition.

Deal evaluation runs on AI extraction, with OM terms and financials pulled into the pipeline automatically. GIS mapping covers ownership data, demographics, flood zones, and comps across more than 152 million parcels. Pro formas transfer bidirectionally between Excel and the platform, which is the single feature underwriting-heavy teams miss most elsewhere. Around the deal work sit project cost tracking, portfolio analytics against live actuals, and connections to Yardi, MRI, RealPage, and ProCore. The client roster is institutional: Lincoln Property Company, Starwood Capital Group, Brookfield Residential, Postal Realty Trust.

What it does not have is public pricing. Neither TermSheet before the acquisition nor Intapp Properties after it published a number, and the product is sold through Intapp's enterprise process alongside DealCloud.

Who should stay with Intapp Properties

If you are an existing TermSheet client at an institutional firm, the acquisition is probably good news. You get continued development plus the unified DealCloud convergence at no additional purchase, per Intapp's announcement. Firms already running DealCloud for capital raising or investor coverage get their CRE deal execution in the same vendor relationship, which is exactly the buyer Intapp built this for.

Stay if the features above are load-bearing for you: AI parsing of high OM volume, parcel-level GIS in screening, Excel-integrated underwriting at depth, portfolio intelligence across a large asset base, or integrations with the property management systems you already run. No small-team platform, MotionCRE included, matches that stack, and pretending otherwise would make the rest of this page worthless.

The calculus changes if you are a 3-person acquisitions shop that chose TermSheet precisely because it was the option sized for you. Enterprise ownership tends to mean enterprise packaging, enterprise implementation, and roadmap priorities set by the largest accounts. The teams that fit that description are the ones shopping, and they are who the rest of this page is for.

The consolidation pattern, and why small teams keep getting orphaned

TermSheet is the second CRE-specific tool in two years to disappear into a larger vendor's platform. Buildout bought Apto and later stopped selling it to new customers, a story covered in our Apto alternatives guide and, from the vendor side, in our Buildout alternatives guide. Intapp bought TermSheet and repositioned it upmarket under a new name.

The mechanics repeat because the incentives repeat. Acquirers pay for the product and the customer list, then rationalize the roadmap around their most valuable segment, which is never the 3-seat account. Nothing about that is bad faith. But if your team is small, it means vendor size is a real selection criterion: a product sold through an enterprise motion will eventually be shaped by enterprise customers, whatever it looked like when you signed.

The practical screen is simple. Published pricing, monthly billing, and self-serve trial are structural signals that a vendor's economics work at your team size. A quote-only sales process is the opposite signal.

TermSheet alternatives for CRE deal management

The category TermSheet competed in is deal management software: a pipeline of acquisitions moving through screening, underwriting, LOI, due diligence, and closing, with the files, tasks, dates, and people attached to each deal. The alternatives split by the size of team they price for.

Institutional teams land on Dealpath-class platforms or stay inside Intapp's ecosystem. DealCloud itself is the configurable option for firms with complex coverage models, and our DealCloud alternatives guide maps that decision in both directions.

Small and mid-size teams, the segment TermSheet originally served, have fewer credible options, which is the gap MotionCRE was built for. Every deal lives on a pipeline board with custom stages and days-in-stage tracking, and opens into a deal workspace with 50 plus fields, files, tasks, contacts, key dates, and financing outreach. Due diligence runs on checklists across eight categories from environmental to zoning. Lender conversations and quotes get tracked side by side per deal. An AI Associate answers questions from your deal files, and deal rooms share diligence materials externally with access logs.

Honest gaps against Intapp Properties: MotionCRE has no OM data extraction into fields, no GIS or parcel data, no Excel sync, and no integrations with property management systems. Where TermSheet's power features drove your workflow, MotionCRE replaces the organization layer, and your models stay in Excel by hand.

The cost gap, worked out

Since Intapp does not publish pricing, use the budget class instead. Institutional deal management platforms commonly run $15,000 to $50,000 or more per year once seats and implementation are counted, and quote-only enterprise software rarely lands below that band.

The worked version: a 5-person acquisitions team on MotionCRE Plus pays $4,788 per year, billed monthly with no term commitment. Against the bottom of the enterprise band that is 32 percent of the cost; against the top it is under 10 percent. A 10-person team on Power at $699 per month pays $8,388, still below the enterprise floor. The gap is the price of the features listed honestly above, so the decision reduces to whether GIS, OM parsing, and Excel sync are worth five figures a year to your team, or whether organization is the actual problem.

Every MotionCRE plan starts with a 14-day trial with full access, which is long enough to rebuild your live pipeline and decide with real deals.

How to migrate off TermSheet

Whether you are leaving now or hedging against where the roadmap goes, the steps are the same.

1. Export while your contacts at the vendor are still the people who built the product. Pull deals, pipeline history, contacts, and any structured data to CSV; download deal documents to organized folders per deal.

1. Rebuild stages first. TermSheet pipelines map cleanly onto any deal management platform: screening, underwriting, LOI, DD, closing, plus whatever custom stages your process added.

1. Import live deals and their documents before historical ones. In MotionCRE that means creating the pipeline, importing contacts via CSV, and attaching files per deal workspace. Dead deal history can arrive later without blocking daily work.

1. Run parallel through one full pipeline meeting cycle, then cut over. Two weeks is typically enough for a team under 10 people.

The lesson of the last two years of CRE software is that products get acquired and repositioned, but exported CSVs and a clean folder structure survive every acquisition. Pick the tool that fits your team today, and keep your data in a shape that can leave with you.