CRE property data and geospatial analytic vendor LightBox announced a new product called True Owner, a tool to track down owners of an LLC.
Unlike the ten acquisitions it has done since 2018 — some examples have been PZR and Real Capital Markets — or deals to get access to other data like climate risk information from First Street Foundation, this was a product the company built internally.
“The most basic example is I’m an investment sales broker and I happen to notice activity in a particular property type or geographic area,” LightBox CEO Eric Frank told GlobeSt.com. The new facility for users will pull up, if possible, is information about the owners rather than an LLC where no one might answer an email or phone. “Lightbox has verified the information and will show me when the information was as from and when it was verified," Frank added.
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