Giant investment manager Nuveen is adding an additional 10 million square feet of its life sciences and office portfolio to its cloud service from Prophia.
The vendor focuses on abstracting data from leases to make the financially relevant information available to investors.
First, an institution will upload its leases into the company's cloud platform. Prophia's software uses machine learning and human review to largely automate the extraction with human experts to identify missing information in coordination with the client. Once the data is available, the investor can share its information with an unlimited number of recipients. Once data is in the cloud system, an investor can upload additional material, so the information continues to be recent and accurate.
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