// 00CITIZEN API · Lualdi Advisors

CITIZENAPI

Where Capital Moves · Where Supply Lands · Where Rents Follow

Anyone can buy market data. CITIZEN API turns it into a powerful verdict on any real estate market in the United States.

Raw market data is a commodity, and on its own it settles nothing: sparse where you need it, lagging where it matters, and silent on everything that has not transacted yet. CITIZEN API is not a data feed. It runs the firm's own models across that material and returns the conclusion — what rents and prices are genuinely doing, where cap rates sit for this asset class in this submarket, what supply is already permitted and coming, and where people and capital are moving well before any of it surfaces in the comps. Coverage spans every metro, county, submarket, and ZIP code in the country, powered by Lualdi Advisors' proprietary algorithms.

// Insights
// 01What It Covers

What the US real estate market is doing, not what it did.

A research desk builds this by hand, market by market, over weeks — pulling the underlying material, reconciling it, and arguing about what still applies. CITIZEN API returns the finished judgment on request, for any real estate market: a modeled read, not a raw series handed back for someone else to interpret.

// COVERAGE 01

Rent & Pricing Benchmarks

What the going rate actually is, by geography and asset type, and which way it has been moving. The reference point for whether a rent roll or an asking price reads like the market — or reads like an outlier.

Level · Direction
// COVERAGE 02

Cap-Rate Bands

Where cap rates actually sit for this asset class, in this submarket, right now — the band a price has to clear to look defensible, rather than a national average that describes nowhere in particular.

Submarket · Asset Class
// COVERAGE 03

Supply Pipeline

What is permitted and already under construction, by geography — the supply that is committed and will arrive whether or not the market has priced it in yet.

Permitted · Under Construction
// COVERAGE 04

Migration & Demographics

Where people and capital are actually moving, at a market level — the shifts that reach absorption and pricing long before they reach the comps.

Population · Capital Flows
// 02MSA to ZIP

MSA down to ZIP code — queried the same way regardless of size.

A metro area and a single ZIP code are different sizes of the same question. CITIZEN API treats them that way — the same call, the same depth of read, whether the geography on the other end covers a metro of millions or a few blocks.

01

Metro (MSA)

The broadest read — an entire metropolitan statistical area, benchmarked as one market. The starting point for portfolio strategy and market-entry screening, before anyone looks at a single property.

02

County

One level down — the county inside the metro, where local supply, permitting, and demographic patterns start to diverge from the metro-wide average.

03

Submarket & ZIP

The finest grain — a defined submarket or a single ZIP code, carrying the same benchmarks, pipeline, and trend context as the metro above it. No separate product, no separate schema.

// 03Where It Fits

Every acquisition starts with a market call.

CITIZEN API is built for the question that comes before a property ever enters a pipeline — and for any system that needs a market benchmark rather than a single-property answer.

// Portfolio & Market-Entry
  • Portfolio strategy teams deciding where to allocate next
  • Acquisition teams screening markets before they screen properties
  • Researchers building a market view without a manual desk study
  • Internal tools and systems that need a benchmark input, not a single-property answer
// For REALIST
  • The cap-rate bands REALIST checks an ask against come from this same infrastructure
  • REALIST underwrites the property; CITIZEN API underwrites the market around it
  • Neither replaces the other — a market read and a property verdict answer different questions
  • See REALIST and REALIST API

CITIZEN API is not a substitute for REALIST's per-property underwriting, and REALIST is not a substitute for a market view. The two compose: CITIZEN tells you what a market is doing; REALIST — and REALIST API — tell you what a specific property inside that market is worth.

// 04FAQ

What people ask before wiring CITIZEN API into a pipeline.

What does CITIZEN API actually cover?
A modeled read on a market: rent and pricing benchmarks, cap-rate bands, supply pipeline (permits and construction activity), migration and demographic shifts, and price trend context. CITIZEN API is not a data feed — the underlying material is market data, but what comes back is the firm's analysis of it. Every output is a market-level read, not a single-property valuation.
What geography levels does it support?
MSA (metro), county, submarket, and ZIP code — the same schema and the same query pattern at every level, whether the market in question is a major metro or a single ZIP inside it.
How does CITIZEN API relate to REALIST and REALIST API?
They compose. REALIST — and REALIST API — underwrite one property: NOI, cap rate, financing, a verdict. CITIZEN API answers the question underneath that: what the market around that property is actually doing. The cap-rate bands REALIST references when it checks whether an ask is supported or stretched come from this same infrastructure. CITIZEN tells you about the market; REALIST tells you about the deal inside it.
Is this investment advice?
No. CITIZEN API returns analysis, not a recommendation. It's built to be a benchmark input for a portfolio strategy team, an acquisition screen, or another system's own model — not a substitute for underwriting, legal, or investment advice on a specific transaction.
How do I get access?
Access is provisioned per client. New enquiries go through the engagement desk on the Contact page.
Can I get a private deployment or a custom geography scope?
Yes. Clients running their own portfolio or research systems can scope CITIZEN API to a specific set of markets, or wire it directly into an existing pipeline. Send a brief through the engagement form to start that conversation.
//Engagement

Want CITIZEN API on your pipeline?
Talk to us about access — or a private deployment.

Access is provisioned per client · New enquiries go through the engagement desk

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