NEW YORK, Sept. 22, 2010 (GLOBE NEWSWIRE) -- Reis, Inc. (Nasdaq:REIS) ("Reis" or the "Company"), a leading provider of commercial real estate market information and analytical tools, today initiated coverage of 31 additional apartment markets. Reis now covers 200 apartment markets in the United States, more than any other commercial real estate information provider.
Reis's Director of Research, Dr. Victor Calanog, said, "Over the last three years, we have added 118 apartment markets, 50 office markets, and 62 retail markets. This consistent expansion of our market coverage is a direct response to debt and equity investors who are seeking opportunities to diversify their portfolios by investing beyond major metropolitan markets. Moreover, some apartment markets are bouncing back faster than others. Anyone putting capital at risk, in weak or strong markets, will want to evaluate the broadest possible set of metropolitan markets and submarkets to determine where to commit their resources."
The enhancement follows Reis's early September announcement that it now publishes market reports on a monthly basis. "Apartment markets have become unusually volatile in recent years," Calanog observed. "In order to manage this volatility, ongoing access to timely and high quality market information is essential. Subscribers to our data will have more apartment markets, and more frequent data points, to evaluate prior to making their investment decisions."
For each of the new markets the Company offers its property-level Rent Comparables report, as well as the Performance Monitor report, which provides current and historical measurements of rent, vacancy, and inventory.
"With this release, Reis has once again demonstrated its commitment to providing superior analytics to commercial real estate professionals," said Reis's CEO, Lloyd Lynford. "Our expanded and unsurpassed coverage further separates Reis from our competition and will provide exceptional value to our subscribers."
Reis, through its flagship product, Reis SE, provides online access to a proprietary database of commercial real estate information and analytical tools. In addition to trend and forecast analysis at metropolitan and neighborhood levels throughout the U.S., Reis 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 support the decision-making of property owners, developers, builders, lenders and investors, all of whom require access to timely information on both the performance and pricing of assets, for acquisition, development and construction purposes, as well as valuation.
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CONTACT: Reis, Inc. Press Contact: Michael J. Richardson, Senior Vice President, Sales & Marketing (212) 921-1122