Reis and Opera Solutions Launch Next Generation CRE Portfolio Risk, Stress Testing, and Surveillance Platform

Reis and Opera Solutions Launch Next Generation CRE Portfolio Risk, Stress
Testing, and Surveillance Platform

     Mobiuss® Portfolio CRE Unites First-Class Market Data, Analytics and
       Technology to Address Estimated $500 Million Market Opportunity

NEW YORK, Feb. 27, 2013 (GLOBE NEWSWIRE) -- Reis, Inc. (Nasdaq:REIS) ("Reis"),
a leading provider of commercial real estate market information and analytical
tools, announced today that it has launched a new, web-based credit risk,
stress testing and portfolio surveillance platform, Mobiuss® Portfolio CRE,
developed in conjunction with Opera Solutions, LLC. Opera Solutions is a
leader in "Big Data" science, predictive analytics and technological
innovations. Mobiuss® Portfolio CRE is targeted to both debt and equity
investors active in U.S. commercial real estate. By some estimates, there are
over 7,000 U.S. banks alone that are potential subscribers for the new
product, and overall, the commercial real estate data and analytics market may
represent a $500 million annual revenue opportunity.

Mobiuss® Portfolio CRE enables clients to quickly and thoroughly assess
portfolio risks and opportunities by integrating Reis property, submarket and
market data with Opera Solutions' rich analytics and client loan and property
information. The solution is delivered in a web-based, visually engaging
interface.

As a loan-level analysis and surveillance platform, Mobiuss® Portfolio CRE
enables property valuation, credit analysis and stress testing, benchmarking
and portfolio pricing. This combination of Reis's unmatched commercial real
estate market and property data and analytics, with Opera Solutions' domain
expertise in credit risk modeling and data science provides commercial real
estate investors access to powerful analytics and portfolio transparency in an
intuitive, time saving solution. In addition to providing credit default
metrics such as expected losses and probabilities of default at the loan and
portfolio levels, outputs include forecasted collateral incomes and values for
multiple economic scenarios and regulator mandated stress tests.

Integrated with Reis's flagship platform, Reis SE, Mobiuss® Portfolio CRE will
allow clients to meet regulatory stress testing requirements, set loan loss
reserves and monitor their collateral.

Reis's CEO, Lloyd Lynford, observed, "The experiences of the last downturn
have changed the way that commercial real estate investors, particularly the
debt community, measure and monitor risk in their portfolios. Analyzing cash
flows, collateral values and default risk at the loan level – from the bottom
up – is now considered to be a standard method that can be employed by all
institutions. It is the new paradigm in commercial real estate risk analysis
and the Mobiuss platform is a state-of-the-art solution to meet those needs."

"Mobiuss leverages advances in data science and technology to provide market
participants with an unprecedentedly comprehensive set of insights into
market, property and loan performance while saving clients the expense and
headaches associated with managing and integrating data and analytics," said
Jon DiGiambattista, Opera Solutions' Global Markets Product Head. "The end
result is an ability to make smarter and more targeted decisions with
significantly lower overhead costs."

About Reis

Reis's primary business is providing commercial real estate market information
and analytical tools for its subscribers, through its Reis Services
subsidiary. Reis Services, including its predecessors, was founded in 1980.
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, flex/research and development and self storage
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 appraisers.

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 asset and
portfolio evaluations. Depending on the product, users have access to market
trends and forecasts 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, equity investors and
service providers. 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 construction.

For more information regarding Reis's products and services, visit
www.reis.com and www.ReisReports.com.

The Reis, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7042

About Opera Solutions

Opera Solutions (www.operasolutions.com) is a global leader in machine
learning. With 230+ machine-learning scientists among its 700 employees, it
combines science, technology, and domain expertise to transform Signals — the
valuable predictive information in Big Data flows — into machine-generated
Best Actions that drive profit and productivity gains. Its Signal Hub™
technologies provide an enterprise-wide capability to continually extract and
use newly available predictive information from inside and outside the
enterprise. Opera Solutions serves financial services, healthcare, government,
supply chain, marketing, and other sectors, with offices in North America,
Europe, India, and China. For more information, contact
Interest@operasolutions.com, or call 1-855-OPERA-22.

Cautionary Statement Regarding Forward-Looking Statements

This press release may contain certain "forward-looking statements" within the
meaning of the U.S. Private Securities Litigation Reform Act of 1995. These
forward-looking statements may relate to Reis's or management's outlook or
expectations for Reis's business, operations or performance. Forward-looking
statements reflect management's judgment based on currently available
information and involve a number of risks and uncertainties that could cause
actual results to differ from those in the forward-looking statements. Please
refer to Reis's annual, quarterly and periodic reports on file with the SEC
for a more detailed discussion of various risks that could cause results to
differ materially.

CONTACT: Sales Contact:
        
         Michael J. Richardson
         Senior Vice President, Sales & Marketing
         Reis, Inc.
         (212) 921-1122
         mobiusscre@reis.com
        
         Investor Relations:
        
         Lloyd Lynford
         President & Chief Executive Officer
        
         Mark P. Cantaluppi
         Vice President, Chief Financial Officer
         Reis, Inc.
         (212) 921-1122

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