"As real estate fundamentals continue to deteriorate, Trepp is committed to expanding the value delivered to our clients," said Annemarie DiCola, CEO of Trepp, in a release. "Foresight has terrific name recognition and great respect in the marketplace. We expect that they will quickly add even more depth to our offerings."
Trepp SVP Andrew Leibman tells GlobeSt.com that with increasing "turmoil" in the commercial sector, "our CMBS clients have been focusing on the commercial real estate aspects of what makes up these bonds. Historically, Trepp has not been a pure CRE shop. We've really been focused more on bond analytics and the capital markets. Adding real estate expertise really adds value for our client base."
The Foresight team, says Leibman, tracks "a whole host of aspects of how the commercial real estate landscape affects CMBS and the underlying properties. They understand it down to the individual property, so we can see ourselves adding value to our clients from a deal level, market level, loan and property level."
Leibman says Trepp anticipates that its clients will start seeing the value from Foresight's capabilities "immediately. As far as long-term growth initiatives are concerned, we would look to leverage their expertise and continue to expand our products and services deeper into commercial real estate in support of our CMBS efforts."
Foresight was founded by Matt Anderson and Susan Persin, who have a combined four decades' experience in real estate, banking and capital markets research. The company's products include both standardized and custom reports on the capital markets and commercial real estate sectors, domestic as well as foreign.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
