MSCI to Buy Real Capital Analytics for $950M
MSCI is acquiring the data provider to expand its suite of real estate solutions.
In another sign of the ongoing consolidation in the commercial real estate information sector, MSCI Inc. has entered into a definitive agreement to acquire Real Capital Analytics for $950 million in cash.
Founded in 2000, Real Capital Analytics is a private company that has built a strong reputation within the CRE community for aggregating transaction data and providing intelligence on market pricing, capital flows and investment trends.
MSCI plans to leverage Real Capital Analytics’ database of more than $20 trillion of commercial property transactions in order to expand its suite of real estate products. It is a timely move for MSCI, says CEO Henry Fernandez.
“The commercial real estate sector is seeing substantial transformation driven by several factors, including shifting consumer behaviors in work, lifestyle and travel accelerated by the pandemic, realignment in global supply chains, and the impact of climate change,” Fernandez says in prepared remarks. “Investors will be better supported to access the opportunities that exist within this sector at scale, informed by industry-leading insights and the premier global database capturing the global commercial real estate footprint.”
The transaction is expected to close at the end of the third quarter, or early in the fourth quarter, of 2021, subject to regulatory approvals and customary closing conditions.
Other recent deals along similar lines include Stone Point Capital and Insight Partners acquisition of global property information, data and analytics firm CoreLogic for about $6 billion and Thoma Bravo’s acquisition of RealPage for $10.2 billion.