The largest database of securitized mortgages is joining forces with the industries preeminent source of CRE income data—unlocking vital insights across the CMBS and CRE ecosystem.
June 2, 2020 -- Trepp, a leading provider of information analytics and technology to the structured finance, commercial real estate, and banking markets today announced that it has implemented a new data integration with CompStak, the nationwide provider of commercial real estate lease comps, sales comps, and property information.
Trepp clients will now able to view CompStak’s critical market and submarket leasing metrics nationwide such as, average starting rent, effective rent, tenant improvement, and lease term. Additionally, mutual clients of Trepp and CompStak can access CompStak’s detailed property and space level data.
“The addition of CompStak data within the Trepp suite provides analyst-reviewed transaction details at a critical time in commercial real estate,” said Steve Baumgartner, Chief Innovation Officer at Trepp. “In CRE, there are cornerstone data points required to make informed decisions on acquisitions and dispositions, lending, and valuations. CompStak stands out in this space because of its granular data and timely information,” Baumgartner said.
As part of the announcement, Trepp and CompStak have released an initial report combining Trepp’s CMBS data and CompStak’s lease comp data in New York City to examine the underlying income risk on commercial real estate properties over the next two years. The analysis reviewed more than 120 properties revealing that nearly $750 million in loan balance is at refinance risk due to upcoming renewal and maturity concerns. The combined analysis specifically looked at the lease renewal rate's impact on debt service coverage ratio and the remaining term-to-maturity.
“Trepp’s leadership in structured finance has positioned it as a preeminent leader in the world of CMBS. We’re proud to be able to work with Trepp’s team to provide value to our mutual clients, while broadening exposure of CompStak’s market data throughout the CMBS sector.” said Michael Mandel, Co-Founder + CEO of CompStak. “Combining the strength of granular lease, sale and property data with critical loan information will provide unparalleled insight into the performance of securitized and non-securitized assets, particularly in our current economic environment.”
Trepp, founded in 1979, is the leading provider of information, analytics, and technology to the CMBS, commercial real estate and banking markets. Trepp provides primary and secondary market participants with the web-based tools and insight they need to increase their operational efficiencies, information transparency, and investment performance. From its offices in New York, San Francisco, and London, Trepp serves its clients with products and services to support trading, research, risk management, surveillance, and portfolio management. Trepp is wholly-owned by Daily Mail and General Trust (DMGT). For more information, visit http://www.Trepp.com.
CompStak is a real estate data and analytics company leveraging crowdsourced commercial lease and sale transaction data and property information combined with AI driven analytics. CompStak's 30,000 members provide data covering the entire US, and its paying customers include the world's largest real estate investors and lenders like Wells Fargo, Tishman Speyer, Vornado, AEW, CIM, Moody’s and many more. For more information, visit http://www.compstak.com.
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Note: This article was originally published via PRWeb on June 2, 2002.