Reis, Inc., through its subsidiary, Reis Services, LLC, provides commercial real estate (CRE) market information and analytical tools to real estate professionals. The company maintains a proprietary database containing detailed information on commercial properties in metropolitan markets and neighborhoods throughout the U.S. The database contains information on apartment, office, retail, warehouse/distribution, flex/research and development, and self storage properties, and is used by real estate investors, lenders, and other professionals to make informed buying, selling, and financing decisions. In addition, the company’s 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 provides its information services to majority of the lending institutions, equity investors, brokers, and appraisers. Products and Services The company’s product portfolio features include Reis SE (Subscriber Edition), its primary delivery platform aimed at larger and mid-sized enterprises; ReisReports, aimed at prosumers and smaller enterprises; and Mobiuss Portfolio CRE (Mobiuss), aimed primarily at risk managers and credit administrators at banks and non-bank lending institutions. It is through these products that the company provides online access to a proprietary database of CRE information and analytical tools designed to facilitate debt and equity transactions, as well as ongoing asset and portfolio evaluations. Depending on the product or level of entitlement, users have access to market trends and forecasts 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. The company’s products are designed to meet the demand for information to support the decision-making of property owners, developers, builders, banks and non-bank lenders, equity investors, and service providers. These real estate professionals require access to 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 various aspects of valuing assets and financing their acquisition, development, and construction. Reis SE Reis SE, available at www.reis.com, is the company’s primary product, designed to assist in market research, due diligence and support of CRE transactions, including loan originations, underwriting, acquisitions, risk assessment (such as loan loss reserves and impairment analyses), portfolio monitoring, asset management, and appraisal. ReisReports ReisReports is a product tailored to meet the needs of smaller enterprises and individuals, professional investors, brokers, and appraisers, available at www.ReisReports.com. The addressable subscriber market for ReisReports includes various prosumers and small enterprises. To expand the total user base of ReisReports, the company markets through various traditional and online media channels. Mobiuss Launched in 2013 and developed in partnership with Opera Solutions LLC (Opera Solutions), Mobiuss enables clients to assess portfolio risks and opportunities by integrating client loan and property information with the company’s property and submarket data and Opera Solutions’ credit analytics. Opera Solutions provides ‘Big Data’ science, predictive analytics, and technological innovations. The solution is delivered in a Web-based, visually engaging interface. Mobiuss is targeted to both debt and equity capital providers active in the U.S. CRE, and primarily, to banks with CRE loan exposure. As a loan-level analysis and surveillance platform, Mobiuss enables property valuation, credit analysis, stress testing, benchmarking, and portfolio pricing. In addition to providing credit default metrics, such as expected losses and probabilities of default at the loan and portfolio levels, outputs include forecasted collateral operating incomes, and values under multiple economic scenarios. These features allow clients to integrate internal data to create customizable scenario forecasts to meet regulatory stress testing requirements, set loan loss reserves, and monitor their collateral. The Mobiuss platform is intended for both large and small lending institutions, commercial mortgage backed security, equity investors, and others. Data Redistribution/ Marketing Alliances The company has data redistribution agreements with information service providers, such as Thomson Reuters, Bloomberg, SNL Financial, and others. It has also established marketing alliances with the Appraisal Institute and the Certified Commercial Investment Member Institute to promote ReisReports to its memberships through discounts, email outreach, Website advertising, and newsletter ads. Subscribers As of December 31, 2013, the company had 994 enterprise subscribers under signed contracts for its core Reis SE product. Subscribers include banking institutions, property owners, brokers, lessors, builders, REITs, pension funds, insurance companies, developers, commercial banks, non-bank lenders, equity investors, appraisers, accountants, consultants, academia, and government institutions. Proprietary Rights The company has registered the trademarks for ‘Reis’, ‘Reis Reports’, the Reis logo, and ‘Your Window Onto the Real Estate Market’. Competition The company’s competitors include CoStar Group, Inc. (including its Property and Portfolio Research and LoopNet businesses); Real Capital Analytics, Inc.; Xceligent; and CBRE Econometric Realty Advisors, a wholly-owned subsidiary of CB Richard Ellis. History Reis, Inc. was founded in 1980.
reis inc (REIS:NASDAQ GS)
530 5th Avenue
New York, NY 10036
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