The National Real Estate index collects and analyzes commercial real estate trends and demographic changes in more than 50 markets and across 6 property sectors in North America to compile the index.
"When Dan O'Connor and I started NREI nearly 17 years ago, it was the first firm to offer research based on collecting and analyzing real estate information across the country," says Global Real Analytics Chairman Richard Wollack.
The joint venture will use their combined expertise in real estate research and analysis to enhance the index's quality of services.
Neither company would disclose the sales details of the transaction.
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