NEW YORK CITY-Trepp, LLC has acquired REITCafe, an online information service previously owned by the news group at Euromoney Institutional Investor. The purchase price was undisclosed.
The deal will allow Trepp, which has previously focused on CMBS analytics, to branch out, senior vice president Andrew Leibman tells GlobeSt.com.
“A lot of this comes back to Trepp’s continuing to focus on expanding its coverage of commercial real estate beyond just CMBS and providing our clients with more underlying real estate information,” Leibman says. “Our client base has continued to grow and evolve in recent years and while CMBS obviously remains our core business, there has been much more need for deeper underlying real estate information.”
Leibman says that Trepp plans to support initiatives already in place at REITCafe, while revamping the site’s look and adding proprietary content similar to what the company offers through its TreppWire service.
Alison Adams, group publisher of Institutional Investor News and Journals, indicated in a prepared statement that she feels the REITCafe brand is in good hands. “While we will miss working with REITCafe’s engaged readers, I am confident that REITCafe is in great hands,” Adams said in the statement. “Readers should look forward to this new leadership and the unique perspective Trepp will have on the REIT industry.”
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