LAS VEGAS, Feb. 1, 2010 (GLOBE NEWSWIRE) -- Reis, Inc. (Nasdaq:REIS) ("Reis" or the "Company"), a leading provider of commercial real estate market information and analytical tools, today announced a major expansion of the Company's Custom Research & Advisory Services, which provide clients access to the firm's research capabilities and thought leadership with regard to key investment issues.
The Custom Research & Advisory Services group will assist clients with managing portfolios, navigating the shifting regulatory and compliance environment and preparing for the changes that economic, demographic and political shifts will have on the performance of real estate holdings throughout the U.S. In support of this initiative, Reis will provide economic advice and investment consultation, analyze portfolios, deliver custom data feeds, and conduct client-specific surveys of markets and property types that may not fall within the company's standard coverage areas.
Reis made the announcement in Las Vegas at the annual Mortgage Bankers Association conference.
Reis's Director of Research, Dr. Victor Calanog, and his team of research analysts will support this initiative. "For thirty years now, our clients have used Reis's primary research on the US commercial real estate markets to support their business processes and deal flow," said Calanog. "As the economy has become more volatile and complex, our clients are increasingly turning to Reis's decades of data collection and analytical experience to understand how these changes will impact their portfolios. This expansion of our Custom Research & Advisory Services offering is in direct response to widespread client demand."
The new service will be spearheaded by Solutions Manager Eric Martinez, who echoed Calanog's enthusiasm. "The commercial real estate market today faces some of the most compelling investment challenges in a generation," he said. "The experience, pedigree and data resources of our team will assist our clients in making tough decisions in this market environment -- both in managing assets and collateral, as well as developing a profitable strategy for the future."
Reis's announcement follows a busy year of product enhancements, including expanded coverage of retail markets (140 markets total), additional sales comparables coverage (now 172 markets), the launch of Value AlertSM, and the addition of direct cap valuations and sales comparables valuations to Reis's already popular discounted cash flow valuation module.
About Reis
The Company's primary business is providing commercial real estate market information, analytical tools and analysis for its customers, through its Reis Services subsidiary. Reis Services, including its predecessors, was founded in 1980. 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 and industrial 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's flagship product is Reis SE, which provides web based online access to information and analytical tools designed to facilitate debt and equity transactions as well as ongoing evaluations. In addition to trend and forecast analysis at metropolitan and neighborhood levels, the product offers detailed building-specific information such as rents, vacancy rates, lease terms, property sales, new construction listings and property valuation estimates. Reis SE is designed to meet the demand for timely and accurate information to support the decision-making of property owners, developers and builders, banks and non-bank lenders, and equity investors, all of whom require access to 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.
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Note on Forward Looking Statements
This press release, together with other statements and information publicly disseminated by Reis, Inc. contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Reis, Inc. or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks include, but are not limited to, the failure of the company's products or product enhancements to succeed. Please refer to the company's annual, quarterly and periodic reports on file with the SEC for a more detailed discussion of various risks that could cause results to differ materially.