NEEDHAM, Mass., Feb. 22, 2010 (GLOBE NEWSWIRE) -- Resolve Technology, a CoStar Group (Nasdaq:CSGP) company and leading provider of real estate investment management software, announced the availability of Resolve Debt, a new software solution that helps investment managers and lenders streamline the management of real estate debt.
Serving as a single repository for loan terms, payment schedules, balances, due dates and collateral information, Resolve Debt centralizes debt information so it is easily accessible and up-to-date. The software enables investment managers to project future loan obligations, assess their ability to pay and maintain compliance with loan terms and covenants, and identify and manage potential risks related to their entire debt portfolio.
Additional benefits provided by Resolve Debt include:
- Standardizing debt calculations for consistency and ease of use
- Tracking up-to-date and projected collateral valuations and debt ratios
- Analyzing multiple scenarios to optimize debt strategies and minimize risk
- Increasing investor confidence with greater transparency to debt positions and risk metrics
- Streamlining compliance with FAS 157 debt valuation regulations
"With asset valuations in flux, limited capital sources, and strict financing guidelines, tight control of debt is critical to real estate investment managers and lenders these days," said Eric Forman, Resolve Technology's CEO. "Resolve Debt provides a timely solution to one of the greatest challenges facing the real estate investment community today."
"Addressing timely trends by providing valuable tools is essential in today's commercial real estate market," added Andrew Florance, CEO of Resolve's parent company CoStar Group. "The addition of Resolve Debt truly rounds out Resolve's suite of products, and I believe it is another strategic advantage that will appeal to a large number of banks and institutions and ultimately expand the overall market for CoStar's services."
To learn more about Resolve Debt, visit http://www.resolvetech.com/products/resolve-debt or sign up for a weekly product webinar every Thursday at 1pm EST at http://www.resolvetech.com/resources/webinars/resolve-debt-solution-webinar.
About Resolve Technology
Resolve, a CoStar Group, Inc.-owned company, helps institutional real estate investors and investment managers make timely and informed decisions that maximize returns and minimize risk. Resolve's solutions help ensure the timeliness, integrity, and visibility of investment information, enabling historical and forward-looking analysis to be performed with insight, confidence and speed that we believe cannot be achieved with the traditional manual, spreadsheet-intensive processes. Resolve's products are used by some of the world's leading advisory and investment management firms, REIT's, life insurance, pension fund, and banking institutions.Customers include Behringer Harvard, Glenborough, LaSalle Investment Management, Prudential Real Estate Investors, Principal Global Investors, and UBS. Founded in 1990, Resolve is a wholly owned subsidiary of CoStar Group, Inc., and is headquartered in Needham, Massachusetts. For more information, visit www.resolvetech.com.
About CoStar Group, Inc.
CoStar Group, Inc. (Nasdaq:CSGP) is the number one provider of information, marketing and analytic services to commercial real estate professionals in the United States as well as the United Kingdom. CoStar's suite of services offers customers access via the Internet to the most comprehensive database of commercial real estate information throughout the U.S. as well as in the United Kingdom and France. Headquartered in Bethesda, MD, CoStar has approximately 1,400 people working for the Company worldwide, including the largest professional research organization in the industry. For more information, visit http://www.costar.com.
All companies and products listed herein are trademarks or registered trademarks of their respective holders.
This news release includes "forward-looking statements" including, without limitation, statements regarding Resolve's expectations, beliefs, intentions or strategies regarding the future. These statements are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. More information about potential factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to, those stated in CoStar's filings from time to time with the Securities and Exchange Commission, including CoStar's Form 10-K for the year ended December 31, 2008, and Form 10-Q for the quarter ended September 30, 2009, under the heading "Risk Factors." In addition to these statements, there can be no assurance that Resolve Debt will expand the overall market for CoStar's services. All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update such statements.