Partnership to Grant Cherre Lightning Connections Customers Exclusive First-Time Access to Data to Accurately Evaluate Properties at Granular Revenue and Spend Levels
NEW YORK, October 27, 2021 / PRNewswire / – Cherré, the industry’s leading real estate data and analytics platform, today announced a new data partnership with Trepp, a leading provider of data, information and technology solutions to the property markets. structured finance, commercial real estate and banking. This partnership enables joint clients to seamlessly integrate Trepp’s extensive property-level financial data and analysis into their Cherre warehouse for deeper insights, as well as gain exclusive access to unique income statement data. CRE from Trepp via Cherre Lightning Connections.
Trepp’s CRE income statement data is integrated into Cherre’s asset management dashboards for common clients, allowing users to better compare properties and markets as part of their construction and development strategies. investment. This one-of-a-kind data can be broken down by state and MSA level, and by various property types, including mixed-use, office, housing, retail, multi-family, and industrial. Users have visibility into income data (rental income, potential rent, and other income, such as parking) and expense data (taxes, insurance, operating expenses, etc.).
These metrics give users a complete view of the quality or poor performance of their properties at the aggregate level. Building owners and asset managers targeting new properties can use this data to quickly compare the operational performance of properties and identify opportunities to optimize performance and NOI, resulting in a higher overall ROI.
“We are delighted to partner with Cherre to bring this unique dataset to the CRE market,” said Joe mcbride, Head of CRE Finance at Trepp. “Leveraging granular information from the CRE property income statement allows us to offer underwriting, benchmarking and trend analysis information at the market and property type level. Layering these elements on top of Cherre’s platform further enhances the value it can bring to CRE’s critical workflows.“
“Trepp is the industry standard for transactional intelligence,” said Steve coutts, Head of Sales and Data Partnerships at Cherre. “Partnering with Trepp to seamlessly connect their CRE income statement data will provide joint clients with the ability to easily integrate unprecedented real estate income and expense information into their Cherre platform for further analysis and faster decision making. “
Cherre seamlessly connects disparate real estate data into a single source of truth, allowing businesses to instantly explore all of their connected data. Cherre has the world’s largest real estate knowledge graph and enables clients to discover granular insights, automate workflows, and build models and visualizations..
Trepp, founded in 1979, is the leading provider of data, information and technology solutions to the structured finance, commercial real estate and banking markets. Trepp provides primary and secondary market participants with the solutions and analytics they need to increase operational efficiency, information transparency and investment performance. From its offices in new York, San Francisco, and London, Trepp provides products and services to its clients to support trading, research, risk management, monitoring and portfolio management. Trepp’s subsidiary, Commercial Real Estate Direct, is a daily source of information covering the commercial real estate capital markets. Trepp is 100% owned by Daily Mail and General Trust (DMGT).
Cherré is the leader in real estate data and information. We connect decision makers with accurate property and market information, and help them make faster, smarter decisions. By providing a “single source of truth,” Cherre enables clients to assess opportunities and trends faster and more accurately, while saving millions of dollars in manual data collection and analysis costs. Cherre was launched in 2016 and is located at New York City.
CONTACT: Sean Welch, PAN Communications, email@example.com
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