NEW YORK CITY-Locally based CMBS information provider Trepp LLC has acquired Investcap Advisors LLC, headquartered in Waltham, MA. Terms were not disclosed; Trepp says the acquisition will expand its offering of commercial real estate loan and property surveillance products while also affording it additional commercial real estate expertise and technology.
"We are constantly striving to increase the value of our services and I am confident that our acquisition of Investcap is aligned with that objective," Trepp CEO Annemarie DiCola says in a statement. "We have great respect and admiration for Investcap and I look forward to leveraging their great real estate and technology expertise." Trepp SVP Andy Leibman says in a release that there are “great synergies” between his company and Investcap.
Scott Barrie, Investcap’s founder, will be joining Trepp as a managing director. Investcap’s products include LoanAdvisor and CREDataXpress.
The acquisition is Trepp’s second in a little over a year. In February 2010, it bought Oakland, CA-based Foresight Analytics for an undisclosed sum.
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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.
