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Reis Initiates Coverage of Self Storage Sector

Reis Initiates Coverage of Self Storage Sector

New Product, Developed in Cooperation With the Self Storage Association and
Three Leading REITs, Fills Information Void

LAS VEGAS and NEW YORK, Sept. 5, 2012 (GLOBE NEWSWIRE) -- Reis, Inc.
(Nasdaq:REIS) ("Reis" or the "Company"), a leading provider of commercial real
estate market information and analytical tools, today introduced coverage of
Self Storage properties in 30 major United States metropolitan markets and 181
submarkets. Reis made the announcement at the Self Storage Association's
annual Fall Conference and Trade Show in Las Vegas. The result of a
collaborative effort between Reis, the Self Storage Association ("SSA"), and
three leading Self Storage real estate investment trusts ("REITs"), this new
coverage provides investors, lenders, developers, Self Storage facility owners
and operators, and industry analysts with the critical local market
intelligence that they require in order to make superior asset- and
portfolio-level decisions. To date, Self Storage professionals have not had
access to current and comprehensive market information from a
nationally-recognized provider. Reis's Self Storage reports are immediately
available for one-off purchase by the owners and operators of the industry's
49,500 Self Storage facilities, and at a discount for SSA's direct members and
firms participating in ongoing data collection, via the organization's
website, Broad-based subscription access to the new
sector will soon be available in Reis's flagship product, Reis SE, where it
will be licensed separately as an additional module to existing subscriptions.
The product will also be of keen interest to potential new Reis SE subscribers
and will be available within Reis's small business product,

"We are delighted to extend to the Self Storage sector the same rigorous
analytical attention that we have long applied to Office, Apartment, Retail,
Warehouse/Distribution, and Flex/R&D markets," said Reis's CEO, Lloyd Lynford.
"Among our client base of large financial institutions, there is burgeoning
interest in allocating both debt and equity capital to the Self Storage

Mike Scanlon, CEO of the SSA, anticipates that the new coverage will benefit
the industry. "The Self Storage industry has gross annual revenues of more
than $22 billion," he said. "Yet until now, there has been no trusted and
centralized source for local market information to assist Self Storage
Association members with their acquisition, disposition, and management
decisions, or in their dialogue with lending institutions. As we know by
examining best practices within other leading commercial property sectors,
negotiations tend to run more smoothly, and transactions are consummated more
efficiently, when all parties have a common understanding of local market
conditions, supported by the type of objective, granular and timely
information provided by Reis."

The new reports provide average monthly rents for the main Self Storage unit
sizes at the submarket, metro, regional, and national levels. Distinctions are
made between climate controlled and non-climate controlled facilities.
Aggregated rent and occupancy trends are also provided.

About Reis

Reis, founded in 1980, provides commercial real estate market information and
analytical tools for its subscribers. Reis maintains a proprietary database
containing detailed information on commercial properties in metropolitan
markets and neighborhoods throughout the U.S. The database contains
information on apartment, office, retail, warehouse/distribution and
flex/research & development properties and is used by real estate investors,
lenders and other professionals to make informed buying, selling and financing
decisions. In addition, Reis data is used by debt and equity investors to
assess, quantify and manage the risks of default and loss associated with
individual mortgages, properties, portfolios and real estate backed
securities. Reis currently provides its information services to many of the
nation's leading lending institutions, equity investors, brokers and

Reis, through its flagship institutional product, Reis SE, and through its
small business product, ReisReports, provides online access to a proprietary
database of commercial real estate information and analytical tools designed
to facilitate debt and equity transactions as well as ongoing evaluations.
Depending on the product, users have access to trend and forecast analysis at
metropolitan and neighborhood levels throughout the U.S. and/or detailed
building-specific information such as rents, vacancy rates, lease terms,
property sales, new construction listings and property valuation estimates.
Reis's products are designed to meet the demand for timely and accurate
information to support the decision-making of property owners, developers,
builders, banks and non-bank lenders, and equity investors. These real estate
professionals require access to timely information on both the performance and
pricing of assets, including detailed data on market transactions, supply,
absorption, rents and sale prices. This information is critical to all aspects
of valuing assets and financing their acquisition, development and

For more information regarding Reis's products and services, visit and

The Reis, Inc. logo is available at

Cautionary Statement Regarding Forward-Looking Statements

This press release, together with other statements and information publicly
disseminated by Reis, Inc., may contain certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements
of Reis or industry results to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. Please refer to Reis's annual, quarterly and
current reports on file with the SEC for a more detailed discussion of various
risks that could cause results to differ materially.

CONTACT: Press Contact:
         Michael J. Richardson
         Senior Vice President, Sales & Marketing
         Investor Relations:
         Mark P. Cantaluppi
         Vice President, Chief Financial Officer

         Reis, Inc.
         (212) 921-1122

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