LightBox, the leading provider of commercial real estate data, analytics and workflow solutions, today announced the launch of LightBox Property, a new LightBox Data product that creates one record for every commercial real estate asset.
A commercial real estate asset is often more complex than a single parcel. An industrial campus, for example, is bought and financed as one property but lives in the data as several separate parcel records. In other cases, a single parcel record may contain multiple structures, addresses, tenants, or uses. For years, professionals across the industry closed that gap by hand, one deal at a time. But as lenders track risk across whole loan books and investors compare thousands of properties at once, assembling the asset by hand stops working.
LightBox Property gives the entire market one place to start. Corporations, owners, investors, lenders, brokers, appraisers, developers and environmental professionals all work from the same asset, with parcels, structures, ownership, boundaries, transactions and history connected beneath it. From that record, customers can reach the full breadth of LightBox data or use the LightBox geocoder to organize their own data into the same property model.
“Everyone in this industry makes decisions about assets, but the data underneath them was never organized that way,” said Eric Frank, founder and CEO of LightBox. “A lender underwriting a property can now pull it as one collateral record, whether that asset spans multiple parcels, includes multiple structures, or represents only part of a parcel. That is a change in how the whole market works, and it is only the beginning of what a single asset record makes possible.”
LightBox connects the parcel, structure, ownership, transaction, environmental and location data the industry runs on, resolved through the LightBox ID. Through sustained investment in its unique data assets, LightBox has built one connected system for property intelligence, and the asset record is the natural consequence of that work.
“Most organizations are working with messy inputs across portfolios, systems, and third-party sources,” said Caroline Stoll, general manager, data and analytics at LightBox. “With the LightBox geocoder and LightBox ID, those inputs can be resolved to a single asset, enriched with LightBox data, and connected back to their own workflows. That is what makes portfolio analytics, automation, and AI practical at scale.”
