In Commercial Real Estate, One Analytics Firm Buys Another
As the performance of commercial real estate (CRE) continues to slide, so does the commercial mortgage-backed securities (CMBS) market, potentially adversely affecting repayment commitments to bond holders. Undeterred by current market conditions, and perhaps spurred by it, CMBS analytics firm Trepp just purchased CRE analytics firm Foresight Analytics for an undisclosed amount. Susan Persin, co-founder of privately-held Foresight, said: “This transaction provides Foresight with the scale and resources we need to reach a broader commercial real estate audience to provide more timely and relevant analysis on the shifting CRE landscape.” Trepp a regular provider of CMBS analytics to HousingWire, is headquartered in New York, with a client base focused on broker dealers, commercial banks, asset managers, and investors. The purchase of Foresight provides Trepp a geographical outlet on the West Coast as well as access to its commercial, and residential, market consulting services and forecasting clients, primarily institutional investors, lenders and developers. "Trepp is committed to expanding the value delivered to our clients,” said Annemarie DiCola, CEO of Trepp. “Foresight has terrific name recognition and great respect in the marketplace. We expect that they will quickly add even more depth to our offerings.” Write to Jacob Gaffney.