Reis, Inc. Expands Coverage to All Commercial Properties Nationwide
Summary
The announcement comes in advance of the Mortgage Bankers Association’s CREF/Multifamily Housing Convention & Expo, which more than 2,500 commercial real estate professionals are scheduled to attend next week in San Diego.“Recognizing significant revenue opportunity beyond our established client base, in 2014 we initiated a three-stage development effort towards including in our suite of products every commercial property.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.It is through these products that Reis 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 asset and portfolio evaluations.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, equity investors and service providers.