NEW YORK CITY—Moody's Corp. has taken a minority stake in CompStak in connection with a strategic partnership between CompStak and Moody's Analytics. CompStak provides commercial real estate lease information through crowdsourcing; Moody's Analytics will leverage the firm's data to help its clients, including banks and insurers, measure and manage risk.
Moody's and CompStak are working together to integrate analytics derived from CompStak's data into Moody's Analytics products, including the CMM tool for assessing the default risk of CRE mortgages. New analytics products are also in the planning stages.
“CompStak's crowdsourced data provides unique and detailed insights into the CRE market,” says Keith Berry, executive managing director of the Emerging Business Unit at Moody's Analytics. “Working with CompStak will help Moody's Analytics enhance our existing CRE solutions and develop new and insightful products for our CRE customers.” Formed in 2016, the EBU aims to identify, research and develop new business opportunities that are enabled by technological innovation.
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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.
