Citing Investors' Increased Exposure in Smaller Markets, Reis, Inc. Expands Apartment Coverage by 35 Additional Markets

  
    
  
  
    
      Reis, Inc. (AMEX: WRP) today announced the expansion of the company’s 
      multifamily and commercial real estate surveillance services by an 
      additional 35 markets for the apartment sector, raising the total number 
      of markets covered to 169. The expansion comes just twelve weeks after 
      the company’s May announcement of a similar 
      addition of 52 new apartment markets.
    
    
      Explaining the reason for the expansion of coverage, Reis cites the 
      increasing importance of smaller markets in the real estate investment 
      picture. “As transaction prices have climbed 
      to record highs in the nation’s leading 
      apartment markets, many investors have grown their portfolios through 
      acquisitions in smaller metropolitan areas,” 
      said Chief Economist Dr. Sam Chandan. “But 
      smaller markets present unique liquidity and transparency risks, even 
      more so in an environment of tightening credit. Increasingly, our 
      clients have requested that we bring to bear Reis’s 
      expertise to provide consistent, accurate reporting of smaller markets’ 
      performance.”
    
    
      For each of the new markets, the company offers its popular 
      property-level Rent Comparables report, as well as a new Performance 
      Monitor report. The Performance Monitor provides current and historical 
      measurements of rent, vacancy, and inventory, as well as relevant 
      economic and demographic information. To facilitate the comparison of 
      market conditions, this information is displayed within its regional and 
      national context.
    
    
      Today’s release completes the first phase of 
      a long-term expansion strategy. "Reis has similar plans to expand our 
      Office and Retail coverage in the coming months and years,” 
      said Reis’s Chief Operating Officer Bill 
      Sander. “Providing coverage in these smaller 
      markets reinforces our reputation as a leading source for a wide array 
      of market data and transaction support analytics."
    
    
      Rent Comparables and Performance Monitor reports for the new markets are 
      available as an add-on module to Reis Subscriber Edition.
    
    
      About Reis, Inc. — Reis was founded in 1980 
      as a provider of commercial real estate market information and today is 
      a leader in its field. Reis maintains a proprietary database containing 
      detailed information on commercial real properties in neighborhoods and 
      metropolitan markets throughout the U.S. The database contains 
      information on apartment, retail, office and industrial properties and 
      is used by real estate investors, lenders and other professionals to 
      make informed buying, selling and financing decisions. Reis currently 
      provides its information services to many of the nations leading lending 
      institutions, equity investors, brokers and appraisers.
    
    
      Note on Forward Looking Statements – This 
      press release, together with other statements and information publicly 
      disseminated by Reis, Inc. contains 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, Inc. or industry results 
      to be materially different from any future results, performance or 
      achievements expressed or implied by such forward-looking statements. 
      These risks include, but are not limited to, the failure of the company’s 
      expansion strategy to succeed and the failure of the company to continue 
      the expansion strategy. Please refer to the company’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.