Reis, Inc. Expands Coverage of Apartment and Self Storage Sectors

Reis, Inc. Expands Coverage of Apartment and Self Storage Sectors

New Markets and Features Open New Paths to Company Growth

NEW YORK, May 1, 2013 (GLOBE NEWSWIRE) -- Reis, Inc. (Nasdaq:REIS) ("Reis" or
the "Company"), a leading provider of commercial real estate market
information and analytical tools, announced today the launch of three major
enhancements to the company's flagship product, Reis SE:

  *the addition of 75 new apartment markets;
  *the promotion of the self storage sector to full coverage status, with
    market forecasts for 50 metropolitan areas and 279 submarkets, including
    rent comparables and sales comparables reports; and
  *the addition of "Downside Market Scenarios," a response to increased
    regulatory scrutiny of a lender's ability to manage market and portfolio
    risk.

These three enhancements continue the relentless product development
initiatives that have made Reis the overwhelming preference of U.S. commercial
real estate investors.

Reis's apartment market expansion raises its coverage to a total of 275
apartment markets. Commercial real estate professionals operating in these
markets can now turn to Reis for the most reliable rent comparables, sales
comparables, and market trends and forecasts. "There is no significant
apartment market in the U.S. that is not currently monitored by Reis," said
Lloyd Lynford, Reis's CEO. "The comprehensiveness of our coverage, the scope
of our data collection, and our deep history of property and market
performance, all support our industry-leading apartment market research and
represent a formidable barrier to any future potential competitors." This is
the company's 12th major expansion of coverage since 2007, and follows closely
the September 2012 introduction of 58 new office markets.

Reis also announced further geographic expansion and enhanced coverage of the
self storage sector, a $22 billion industry. "Reis has now added market and
submarket forecasts, and sales comparables, as well as the nation's first ever
self storage rent comparables module. All of these capabilities will promote
more accurate cash flow and valuation estimates, which are cornerstones of
sound real estate decision-making," said Mr. Lynford. "Until now, detailed
data on self storage markets was difficult-to-impossible to come by. But now a
few keystrokes on Reis SE put this critical information in our subscribers'
hands."

Finally, in a timely methodological advance, Reis's economists have
supplemented the Company's baseline forecasts with two additional Downside
Market Scenarios that apply the effects of moderate and more severe economic
downturns on commercial real estate performance at the market and submarket
level. "With the recent economic crisis still fresh in the minds of investors,
lenders, developers, and regulators, it's necessary to forecast as if rapid
economic reversals are a possibility," said Dr. Victor Calanog, Reis's
Director of Research. "Reis's deep historical databases, representing over
three decades of performance trends on the supply, demand and price of
commercial real estate, support rigorous scenario forecasting that other firms
cannot match. Our subscribers will now have additional analytical precision in
anticipating and managing the type of volatility that has characterized the
economy and commercial real estate market over the last five years."

"With every release, we distinguish ourselves further from other firms that
claim to offer some fraction of our service," said Mr. Lynford. "We will
continue developing our products to extract as much value out of our data for
our clients as we possibly can, to widen our lead over the competition, and to
continue the sustained growth of the Reis franchise."

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.

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:
         Mark P. Cantaluppi
         Vice President, Chief Financial Officer
         Reis, Inc.
         (212) 921-1122

Reis, Inc. Logo
 
Press spacebar to pause and continue. Press esc to stop.