CoStar Group Announces Commercial Mortgage-Backed Securities (CMBS) Data Integration
February 17 2021 - 11:51AM
Business Wire
Powerful Feature Update Creates New Opportunity
for CRE Professionals
Today, CoStar Group, the leading provider of commercial real
estate information, analytics and online marketplaces, announced
CMBS loan and property data is now integrated with CoStar’s
market-leading commercial real estate (CRE) information platform.
CMBS information, now searchable and located within CoStar’s
detailed building records, includes regularly reported financials
on loan performance and detailed property operating statements.
“CoStar remains dedicated to helping owners, lenders and brokers
find more opportunities and make the best decisions faster,” said
CoStar Group Founder and CEO Andrew Florance. “The integration of
CMBS data into CoStar provides clients with unparalleled power and
even more transparency into CRE property data and access to
proprietary information.”
When fully rolled out, the new CMBS dataset adds actionable
commercial real estate information into CoStar’s platform,
including $1 trillion of outstanding debt information across
100,000 active CMBS loans, a total of $2 trillion of outstanding
debt across 200,000 loans when including disposed records going
back over 20 years, 90,000 additional active commercial lease
expirations and 40,000 active detailed building operating
statements. To further enhance the dataset, CoStar has established
a research team fully dedicated to the continuous gathering of
additional information related to CMBS properties. Customers will
unlock a vast array of new opportunities, such as the ability to
find new distressed or value-add investment opportunities, compare
the financial performance of peer properties, win more business by
identifying refinancing opportunities, quickly find valuable
information for underwriting loans and gather in-depth information
on loan terms and performance to deliver more value to clients.
Using new building search filters, users have the ability to
search commercial buildings using CMBS loan information criteria.
Examples of searchable information include current loan payment
status, maturity date, most recent balance, most recent DSCR, most
recent LTV, as well as many other loan terms and relevant
contacts.
For more than 30 years, CoStar has provided the
industry-standard in commercial real estate data, analytics, and
marketplaces, helping empower over 165,000 current subscribers to
better understand the industry landscape and discover unparalleled
connectivity. With 1,400 full-time researchers tracking more than 6
million commercial properties and 7.9 million tenants across 450
markets and 11,888 submarkets, CoStar provides the information,
analytics, audiences and connections essential to success.
About CoStar Group, Inc.
CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of
commercial real estate information, analytics and online
marketplaces. Founded in 1987, CoStar conducts expansive, ongoing
research to produce and maintain the largest and most comprehensive
database of commercial real estate information. Our suite of online
services enables clients to analyze, interpret and gain unmatched
insight on commercial property values, market conditions and
current availabilities. STR provides premium data benchmarking,
analytics and marketplace insights for the global hospitality
sector. Ten-X provides a leading platform for conducting commercial
real estate online auctions and negotiated bids. LoopNet is the
most heavily trafficked commercial real estate marketplace online
with over 7 million monthly unique visitors. Realla is the UK’s
most comprehensive commercial property digital marketplace. The
Apartments.com network, ApartmentFinder.com, ForRent.com,
ApartmentHomeLiving.com, Westside Rentals, AFTER55.com,
CorporateHousing.com, ForRentUniversity.com and Apartamentos.com
form the premier online apartment resource for renters seeking
great apartment homes and provide property managers and owners a
proven platform for marketing their properties. Homesnap is an
industry-leading online and mobile software platform that provides
user-friendly applications to optimize residential real estate
agent workflow and reinforce the agent-client relationship. CoStar
Group’s websites attracted an average of approximately 69 million
unique monthly visitors in aggregate in the third quarter of 2020.
Headquartered in Washington, DC, CoStar Group maintains offices
throughout the U.S. and in Europe, Canada and Asia with a staff of
over 4,300 worldwide, including the industry’s largest professional
research organization. For more information, visit
CoStarGroup.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210217005785/en/
Media Contact Matthew Blocher Marketing &
Communications (202) 346-6775 mblocher@costar.com
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