CoStar Group Announces Commercial Mortgage-Backed Securities (CMBS) Data Integration

Rhea-AI Summary

CoStar Group announces the integration of CMBS loan and property data into its commercial real estate platform. This enhancement includes detailed financials and operating statements for over 100,000 active CMBS loans, totaling $1 trillion. Clients can access valuable insights, such as distressed investment opportunities and financial performance comparisons. The integration aims to empower over 165,000 subscribers with advanced search capabilities, enhancing decision-making in the commercial real estate sector.

Positive

• Integration of $1 trillion CMBS data into CoStar’s platform enhances decision-making for clients.
• Access to actionable insights, including distressed investment opportunities and detailed financial performance.
• Expanded search capabilities with new filters for loan status, maturity dates, and financial terms.

Negative

• None.

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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