Moody’s Corporation acquires Reis in $278m deal

Moody’s Corporation has acquired Reis, a commercial real estate (CRE) data platform, in an all-cash transaction worth around $278m.

Following the transaction, Moody’s will acquire all of the remaining shares in Reis at the price of $23 apiece. The deal, which is expected to close in Q4, will see Reis become a wholly owned subsidiary of Moody’s.

Through the merger, Moody’s hopes to utilise Reis’ data to enhance its analytical practices in the CRE market and improve the efficiency and liquidity of capital flows. The deal will also expand Moody’s network of data and analytics providers in the CRE space.

Reis is a US commercial real estate data and analytics provider, which offers detail information on 18 million properties across the country. The platform is used by property developers, managers, investors, lenders and brokers.

Moody’s Analytics president Mark Almeida said, “Commercial real estate is analytically very complex, and Reis has committed decades of effort and expertise building a unique data asset with critical and hard to replicate information on this large and important asset class.

“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.”

Moody’s Corporation offers a range of services for global capital markets including credit ratings, research tools, and analysis, in order to improve the transparency of the market. One of the company’s platforms is the Moody’s Investors Service which gives credit ratings and data surrounding debt instruments and securities.

Another one of its subsidiaries is Moody’s Analytics which uses data and analysis for credit and economic and financial risk management.

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