NEW YORK, Sept. 11, 2012 (GLOBE NEWSWIRE) ? Reis, Inc. (REIS) (?Reis? or the ?Company?), a leading provider of commercial real estate market information and analytical tools, today announced the expansion of office property coverage by 58 additional U.S. cities, raising to 190 its industry-leading roster of available office markets. Commercial real estate professionals operating in these markets can now turn to Reis for the most reliable rent comparables, sales comparables, submarket analyses, and valuation and credit analytics, for use in making superior investment decisions.
Reis?s Chief Executive Officer, Lloyd Lynford, said, ?To be clear, no other provider of commercial real estate market information maintains building-level databases or publishes reports on as many geographic markets or property types as does Reis. No one else comes close. This widening competitive advantage has and will continue to support our acquisition of new customers and our relentless pursuit of revenue growth.?
Reis?s Chief Operating Officer, Bill Sander, added, ?For Reis, the regular addition of new markets has become routine. This is our eleventh expansion of coverage since 2007, and follows on the heels of last week?s launch of our industry-first Self Storage coverage in thirty leading metropolitan markets. Along with this broadening of our geographic footprint and property type coverage, we have continued to add new analytical capabilities to Reis Subscriber Edition, empowering our subscribers to make the fullest use of the information we provide.?
This expansion follows the Company?s earlier expansion of retail coverage by 50 U.S. cities in September 2011, and the recent release of Reis Subscriber Edition version 2.0. Reis said it intends to continue its expansion efforts with the addition of new apartment markets in 2013.
About Reis
Reis, founded in 1980, provides commercial real estate market information and analytical tools for its subscribers. Reis maintains a proprietary database containing detailed information on commercial properties in metropolitan markets and neighborhoods throughout the U.S. The database contains information on apartment, office, retail, warehouse/distribution and flex/research & development properties and is used by real estate investors, lenders and other professionals to make informed buying, selling and financing decisions. In addition, Reis data is used by debt and equity investors to assess, quantify and manage the risks of default and loss associated with individual mortgages, properties, portfolios and real estate backed securities. Reis currently provides its information services to many of the nation?s leading lending institutions, equity investors, brokers and appraisers.
Reis, through its flagship institutional product, Reis SE, and through its small business product, ReisReports, provides online access to a proprietary database of commercial real estate information and analytical tools designed to facilitate debt and equity transactions as well as ongoing evaluations. Depending on the product, users have access to trend and forecast analysis at metropolitan and neighborhood levels throughout the U.S. and/or detailed building-specific information such as rents, vacancy rates, lease terms, property sales, new construction listings and property valuation estimates. Reis?s products are designed to meet the demand for timely and accurate information to support the decision-making of property owners, developers, builders, banks and non-bank lenders, and equity investors. These real estate professionals require access to timely information on both the performance and pricing of assets, including detailed data on market transactions, supply, absorption, rents and sale prices. This information is critical to all aspects of valuing assets and financing their acquisition, development and construction.
For more information regarding Reis?s products and services, visit www.reis.com and www.ReisReports.com.
The Reis, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7042
Cautionary Statement Regarding Forward-Looking Statements
Originally posted here:
Reis, Inc. Expands Office Property Coverage by 58 Additional Markets, Raising Total to 190
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