Moody's Investors Service headquarters at 7 World Trade CenterNEW YORK CITY–Moody's Corp. is acquiring Reis in an all-cash transaction valued at approximately $278 million that has been approved by the Boards of Directors of both companies.
Moody's plans to incorporate Reis' data archive of some 18 million properties into its analytics offering.
“Their data on CRE supply and Moody's Analytics' insights on the demand for commercial properties will provide market participants with a powerful 360-degree view of the economics of CRE lending and investment,” said Mark Almeida, President of Moody's Analytics, in a prepared statement.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
