Moody’s Acquiring Reis in $278M Deal
Moody’s Corporation is acquiring all outstanding shares of Reis, Inc. in an all-cash transaction valued at roughly $278 million. The transaction, which is expected to close Q4 2018, has been approved by the Boards of Directors of both companies.
Reis provides data on U.S. commercial real estate (CRE) and its analysis and forecasts cover 275 metropolitan markets and 7,700 submarkets. The firm has compiled a rich archive of detailed information on some 18 million properties nationwide gathered over nearly 40 years.
Moody’s Analytics’ Mark Almeida says, “Commercial real estate is analytically very complex, and Reis has committed decades of effort and expertise building a unique data asset with critical and hard to replicate information on this large and important asset class. Their data on CRE supply and Moody’s Analytics’ insights on the demand for commercial properties will provide market participants with a powerful 360-degree view of the economics of CRE lending and investment.”
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