Moody's inks deal to acquire CRE data provider

by Francis Monfort04 Sep 2018

Moody’s has announced that it entered into an agreement to acquire Reis, a provider of US commercial real estate data.

The all-cash transaction valued at approximately $278 million is expected to close in the fourth quarter.

With the acquisition, Moody’s Analytics would extend its role as a provider of information and analytics for the CRE market. By combining its specialized capabilities with Reis data, Moody’s seeks to enhance analytical practices in the market as well as help make capital outflows more efficient and liquid.

The transaction follows recent investments by Moody’s in start-ups that apply innovative approaches and new technologies to source data and deliver tools to the market.

CRE professionals, including lenders, property developers, managers, investors, and brokers, obtain analysis and forecasts from Reis’ coverage of 275 metropolitan markets and 7,700 submarkets. Through almost four decades, the company has compiled a data archive on some 18 million properties nationwide.

“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,” said Mark Almeida, president of Moody's Analytics. “Working together, both Reis and Moody’s Analytics will become even more relevant and valuable to CRE finance professionals.”

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