Cap Orbit vs Rogo: CRE Buy-Side Execution vs Sell-Side Banking AI
Last reviewed September 2026
Rogo serves investment banks and advisers with target screening, CIMs, buyer lists, and data-room diligence. Cap Orbit serves the CRE team buying, financing, and holding the asset. Build the model, memo, and deck on one record your team shares with the terminal. Compare the work each covers.
At a glance
| Compare | Cap Orbit | Rogo |
|---|---|---|
| Built for | Institutional CRE investment teams: acquisitions, credit, asset management | Investment banks, M&A advisory firms, private equity deal teams, and asset managers |
| Deal documents | Rent rolls and T-12s read into extracts, every figure traced to its source and footed to the document’s own totals | CIM ingestion and data-room diligence: indexing and gap detection across uploaded deal materials |
| Sources | Uploads, plus SharePoint, OneDrive, Dropbox, and Box folders linked to the deal and attachments filed from Outlook. The terminal reads only inside the folders you linked | Embedded in the firm’s own systems, SharePoint and the CRM among them, and its financial data platforms |
| The model | Institutional Excel models per asset class, live formulas, Base, Upside, and Downside off one switch. The workbook opens as a spreadsheet in Cap Orbit, and the terminal’s edits arrive as revisions | Builds and rolls forward general financial models in Excel and adapts to firm templates, via the Subset acquisition |
| Memos | Screening, IC, and credit memos in the firm’s format, every figure read from the model. The memo opens ready to type, with every change tracked under your name | Investment memos and pitchbooks with institutional formatting in Word and PowerPoint |
| Lifecycle | First look through underwriting, IC, closing reconciliation, asset management, and the portfolio read, with a frozen snapshot at each phase | Sourcing to close for corporate M&A; public materials describe nothing for the hold period |
| Market data | Reads whatever lands on the deal, broker materials, lender PDFs, scanned pages, spreadsheets; no third-party data subscription | Live FactSet, S&P Capital IQ, PitchBook, LSEG, and Preqin data, plus filings, transcripts, and news |
| Your data | Each firm has its own database and document storage; customer data is never used to train models | SOC2 and ISO 27001 certified; single-tenant deployment available under enterprise agreement |
The difference in kind
The banker’s mandate and the investor’s asset.
Rogo automates the banker’s process. Felix, its flagship, takes in a CIM, runs the comps, drafts the buyer list, and queues the outreach, and the platform behind it reaches into the systems a banking team already lives in. The unit of work is the mandate, and the job is to move it from sourcing to close.
A CRE team needs to normalize the rent roll and T-12, build the model, reconcile closing, and track ownership. Cap Orbit keeps that work on one record from the day materials arrive. Edit the model, memo, and deck in the same tab, with terminal revisions you can inspect and undo.
Credit where due
Where Rogo wins.
Rogo’s strength is real and specific: sell-side banking work. As of 2026 Rogo serves more than 35,000 professionals at more than 250 institutions, Rothschild, Jefferies, Lazard, Moelis, and Nomura among them, and it raised $160 million in April 2026 at a $2 billion valuation.
Two acquisitions deepened the banking coverage: Subset added Excel model comprehension, building general financial models, rolling them forward, fixing formula errors, and Offset added multi-step execution across the M&A process. If your team sells companies rather than buys buildings, that ground is Rogo’s.
- Scale: more than 35,000 professionals at more than 250 institutions, bulge-bracket and advisory names among them
- Market data: FactSet, S&P Capital IQ, PitchBook, LSEG, and Preqin coverage, plus filings, expert call transcripts, and news
- Banking workflows: CIM generation, comp analysis, buyer lists, outreach, and data-room diligence
- Excel: the Subset acquisition added model comprehension, from building a workbook to fixing its formula errors
The buy side
Built for the property-level underwrite.
Cap Orbit extracts rent rolls from workbook tabs, PDF exhibits, and scans, including linked folders. Trace figures to file, sheet, and row and reconcile source totals. Normalize the T-12 with an NOI bridge, excluding trailing property taxes that reassess on the new basis. Build a model for the asset class with live formulas, scenario switching, and house-standard checks. Edit cells beside a colleague; the terminal uses those changes next time. As of September 2026, Rogo’s public materials do not describe rent roll ingestion, T-12 parsing, or property underwriting.
Draft screening, IC, and credit memos for their respective decisions. Track closing conditions by deliverer, due date, and status. Reconcile the settlement statement with the contract, loan, and underwrite, then true up the basis. Compare ownership periods with budget and the original underwrite in house trackers. Rogo describes sourcing through close for corporate M&A, with no public description of post-funding work.
Fit and cost
Start with the deal your team is working on.
Rogo is bought the way large platforms are bought: no self-serve tier, no published pricing, a sales process, and an implementation that reportedly runs four to twelve weeks with Rogo engineers embedded in the firm. Its core buyer is a deal team of fifty or more, and contracts for large deployments reportedly reach seven figures. For a bank standardizing hundreds of bankers onto one platform, that motion makes sense.
Pro is for funds and deal teams of up to 50 people, working on live deals within 24 hours. Start with a working session on your own deal. Enterprise runs in your firm’s AWS account with single sign-on and customer-held keys.
Common questions
Does Rogo cover commercial real estate?
Not as a specialty. As of September 2026, nothing in Rogo’s public materials describes rent roll ingestion, T-12 parsing, or property-level underwriting models, and its data partners are corporate-finance sources rather than property ones. Some CRE practitioners use it as a general finance assistant; it is not sold as a CRE platform.
How deep do the citations go?
A competitor’s published comparison describes Rogo’s citations as answer-level rather than line-level; that is a rival’s claim, so test it on your own documents. For Cap Orbit the standard is the one we can vouch for: every extracted figure is traced to the exact file, sheet, and row or page it came from, and the extract is footed to the document’s own stated totals. When the reviewer wants to push on a number, they leave a comment on the cell and mention the terminal, and the reply lands in the thread.
Where does the team work on the model and the memo?
On the deal record, in the same tab as the session. The workbook opens with every cell editable, formulas included, and teammates and the terminal work the same sheet at the same time, each other’s cursors in view. The memo opens ready to type with Track Changes on. Every save keeps a version you can restore, and the file opens in Excel or Word without repair when it is time to send it out.
Can Rogo run single-tenant?
Rogo lists single-tenant deployment as an option under an enterprise agreement. Cap Orbit does not treat isolation as an upgrade. Every firm runs on its own database and its own document storage, with nothing pooled across firms. Enterprise goes further and deploys the platform into the firm’s own AWS account, with customer-held keys.
How long does each take to get running?
Rogo implementations reportedly run four to twelve weeks with Rogo engineers embedded in the firm, under an enterprise contract. Cap Orbit Pro needs no implementation project: sign in, and the first live deal runs from the working session. Enterprise follows your security and architecture review.
How do we evaluate Cap Orbit on a live deal?
Bring one. The evaluation is a working session: your documents, your formats, your team in the room, and the deal run end to end. You judge the extract, the model, and the memo on real work before any broader commitment.
Keep comparing
See it on one of your own deals.
Request a working session and run a live deal through Cap Orbit, in your own files and house format.