NEW YORK, March 1, 2011 (GLOBE NEWSWIRE) -- Reis, Inc. (Nasdaq:REIS), a leading provider of commercial real estate market information and analytical tools, announced today that it has reached an agreement with Capital IQ to distribute the company's popular Reis Observer reports within the Capital IQ platform. Capital IQ is a leading provider of data and analytics for global financial professionals. Reis Observers are comprehensive analyses of market conditions for all commercial real estate property types in the top fifty U.S. metropolitan areas. These reports provide investors with critical information on market conditions that affect the performance of REIT and CMBS properties located in those metros.
Reis's Vice President of Business Development, Aziz Akin, said, "We are excited to introduce Reis to users of Capital IQ and TheMarkets.com by providing them with our popular Reis Observer reports, which our own clients consume by the thousands every month."
Iain McNeil, Managing Director of Research Acquisition and Distribution for Capital IQ, commented, "Financial Professionals are increasingly looking to streamline their workflows and centralize access to content over the Capital IQ platform. The partnership with REIS brings another premier Research Provider to the Capital IQ platform and represents a win for our end users."
Lloyd Lynford, Reis's CEO, emphasized that this agreement, together with its previously announced redistribution ventures with FactSet and SNL Financial, as well as other agreements it expects to announce in the near future, is part of a long-term strategy designed to raise awareness of Reis's information and services. "Users of financial information platforms are accustomed to making their business investment decisions only after rigorous due diligence of the kind that Reis facilitates in the commercial real estate markets," he said. "We believe that these users will have an appetite for the analytical reports we are providing via Capital IQ and that, over the long run, some of these users will seek direct access to our full suite of products."
About Reis
Reis, through its flagship institutional product, Reis SE , and through its new 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 and .
The Reis, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7042
About Capital IQ and Standard & Poor's
Capital IQ, a Standard & Poor's business, delivers comprehensive fundamental and quantitative research and analysis solutions to over 4,200 investment management firms, investment banks, private equity funds, advisory firms, corporations, and universities worldwide. Its solutions are based on the Capital IQ Platform, Compustat, ClariFI, and Alphaworks products, and offer an array of powerful applications for desktop research, screening, real-time market data, backtesting, portfolio management, financial modeling, and quantitative analysis. For more information, please visit Capital IQ's web site at .
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CONTACT: Reis Contacts: Redistribution Opportunities: Aziz Akin, Vice President, Business Development Reis, Inc. (212) 921-1122 Investor Relations: Lloyd Lynford, President & Chief Executive Officer Mark P. Cantaluppi, Vice President, Chief Financial Officer Reis, Inc. (212) 921-1122 Capital IQ Contact: Press: Jessica Jacobs Marketing and Communications (212) 438- 6317