NIC MAP Vision and Trepp are working together to “democratize” the senior housing industry’s access to the must-have commercial mortgage-backed securities, or CMBS, financial data set, according to a NIC MAP Vision press release issued Wednesday.
The NIC MAP Vision platform combines supply-and-demand data, whereas Trepp collects and maintains standardized loan, deal and property-level financial data as part of the Securities and Exchange Commission’s CMBS disclosure process, according to NIC MAP Vision.
“We’re proud to work with Trepp’s team to streamline access to CMBS financial data across the senior housing industry,” said Arick Morton, CEO of NIC MAP Vision. “Combining the strength of our vast array of industry data with Trepp’s loan and property-level financial data will support investment decisions while democratizing access to this critical data set.”
The partnership will allow NIC MAP Vision to access data from the financial analytics leader that is not typically transparent, which in turn will help senior housing industry stakeholders to make better-informed decisions without going through a “manual and expensive process” to access “must have” CMBS data on senior housing properties, the organizations said.
“Our partnership with NIC MAP Vision is a valuable way to provide an advanced solution for the senior housing industry,” said Annemarie DiCola, CEO of Trepp.
