Thirty Capital, a proptech company with a portfolio of technologies and services, announced that it is acquiring STATVAL, which stands for MFC Statistical Valuation Software Application. The new system "provides multifamily stakeholders insights into asset performance to support situational awareness and informed, swift, strategic decision-making," according to a Thirty Capital press release.

STATVAL calls its system on its website an "automated and cost-effective method to perform property-level analytics."

"Clients use output either on a stand-alone basis and/or feed output into Client Asset Management and Underwriting Models," the acquired company continued. "STATVAL applies the Income Capitalization Method in a manner that utilizes verifiable data and statistically matches underwriting assumptions used to calculate DSCR and LTV on documented Loan Originations. Once the Subject Property has been entered into STATVAL, a Benchmark Underwriting may be executed in as little as 5-10 minutes. In addition to Property-Level Analytics, STATVAL provides Market-Level Research Dataset Downloads and Statistics. These tools provide a cost-effective complement to both in-house and external data and analytics."