National Lease Advisors

What National Lease Advisors does

National Lease Advisors (NLA), a privately held professional services firm founded by Ed Muna (President) and Michael Muna (Vice President and Co-Founder), provides commercial real estate lease administration and advisory services to U.S.-based multi-location companies with portfolios ranging from 10 to 1,000 locations. Headquartered in San Diego, California (1420 Kettner Boulevard, Suite 100) with a second office in the Dallas-Fort Worth Metroplex (3232 McKinney Ave, Suite 500, Dallas, TX), the firm employs between 11 and 50 people and serves enterprise clients across retail, hospitality (Chili's, Maggiano's, Macaroni Grill), industrial, and financial services.

NLA's core offerings center on four integrated service lines: ongoing Lease Administration (tracking critical dates, rent management, lease document centralization, and monthly portfolio reporting), Lease Accounting for ASC 842 / IFRS 16 / GASB 87 compliance and adoption, Lease Audit (review of CAM statements and operating expense charges to recover billing errors — recovering over $1 million annually for clients), and Lease Abstracting (one-time extraction of key lease terms into standardized summaries). The firm also operates a Broker Alliance program that enables commercial real estate brokers focused on tenant representation to resell NLA's lease administration services to their clients. There is no proprietary technology platform disclosed; service delivery is performed by US-based lease administrators and accountants supported by standardized processes and SOC compliance.

Revenue is generated through a mix of recurring monthly lease administration engagements, project-based lease audits (sometimes structured on a contingency-success basis), ASC 842 implementation and ongoing compliance work, and channel-sourced engagements via the Broker Alliance program. Go-to-market combines sales-led direct engagement with enterprise multi-location operators (free consultations, custom quoting), channel partnerships with tenant-representation CRE brokers, and thought leadership/event marketing through CoreNet Global Summits, an active blog, and case studies. The company is bootstrapped with no disclosed institutional investors or funding rounds, is privately held, and was recognized on the 2025 Inc. 5000 list at No. 966 with a reported three-year growth rate exceeding 400%.

Name

National Lease Advisors

Legal name

National Lease Advisors, LLC

Website

https://nationalleaseadvisors.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

National Lease Advisors is a private US-based professional services firm that provides commercial lease administration, ASC 842 lease accounting, lease audit, and lease abstracting services to companies with 10 to 1,000 real estate locations across retail, hospitality, industrial, and financial services.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Lease Administration Services

NAICS

Nonresidential Property Managers (531312)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Property Management Advisory & Leasing Administration (FSAEAJAN)

Keywords

• Lease administration services
• Commercial real estate advisory
• ASC 842 compliance
• CAM reconciliation audit
• Lease portfolio management

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Lease Administration Services: Ongoing management of commercial lease portfolios including tracking critical dates, rent management, CAM reconciliation, and portfolio reporting. Delivered as a recurring service engagement.
2. Lease Audit Services: Review of CAM statements and lease documents to identify erroneous operating expense charges. May proceed on contingency success basis. Recoveries identified for clients totaled over $1 million annually.
3. ASC 842 / Lease Accounting Services: Implementation and ongoing compliance services for new lease accounting standards including ASC 842, IFRS 16, and GASB 87. Includes adoption consulting and software selection assistance.
4. Lease Abstracting: Extraction of key lease terms and data into standardized summaries. One-time data extraction service as foundation for ongoing administration.

Go-to-market motion3 records

Distribution channels2 records

Marketing channels5 records

Core offering

National Lease Advisors provides ongoing lease administration, ASC 842/IFRS 16/GASB 87 lease accounting implementation and compliance, lease audit (CAM reconciliation reviews), lease abstracting, and portfolio analysis services to companies with 10 to 1,000 commercial real estate locations. Services are delivered by a US-based team that acts as an extension of the client's real estate function, centralizing lease data, tracking critical dates, and recovering erroneous operating expense charges through audit work.

Product overview

National Lease Advisors (NLA) is a lease administration services firm offering a suite of advisory services focused on commercial real estate lease management. The core offerings include Lease Administration (with Portfolio Analysis), ASC 842/Lease Accounting, Lease Audit, and Lease Abstracting services. NLA operates as a services provider rather than a software platform, delivering personalized service through a US-based team. The firm specializes in serving companies with 10 to 1,000 locations, positioning itself as a middle-market alternative to full-service global firms. Services include CAM reconciliation reviews, rent audits, transaction management, and ASC 842/IFRS 16/GASB 87 compliance support.

Differentiator

Problem solved

Functional benefit

Products and services

• Lease Administration Ongoing management of commercial lease portfolios including tracking of critical dates, rent management, lease document centralization, CAM reconciliation, and monthly reporting. NLA acts as an extension of the client's team for companies with multi-location real estate obligations.
• Portfolio Analysis Analysis and optimization of lease portfolios providing insights into real estate obligations, cost structures, and strategic opportunities for multi-location companies.
• ASC 842 / Lease Accounting Lease accounting services helping companies adopt and maintain accounting standards required by ASC 842, IFRS 16, and GASB 87, including balance sheet reporting of lease liabilities and right-of-use assets and software selection assistance.
• Lease Audit Review of CAM statements and lease agreements to identify erroneous operating expense charges that impact tenant bottom lines, including CAM reconciliation reviews and rent statement analysis. Recoveries identified for clients have totaled over $1 million annually.
• Lease Abstracting Extraction of key information from lease documents into concise, consistent summaries including dates, rent terms, obligations, and critical clauses, providing the standardized dataset required for ongoing administration.
• Broker Alliance Program Partnership program allowing commercial real estate brokers focused on tenant representation to add lease administration services to their offerings. NLA delivers back-end services while brokers maintain client relationships.

Quantifiable outcome

• $2 million+ in client savings through CAM and invoice reviews
• +4 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Broker Alliance PartnerscoreChannel Partner/ Reseller/ DistributorCommercial real estate brokerage firms specializing in tenant representation partner with NLA to offer lease administration services to their clients. Allows brokers to expand service offerings without hiring additional staff. NLA provides back-end services while brokers maintain client relationships.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Market position

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nationalleaseadvisors

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about National Lease Advisors