Concurrent with the Release of Q2 2007 Commercial Real Estate Research Findings, Reis, Inc., Announces Major Upgrade to Reis Sub

  
    
  
  
    
      Reis, Inc. (AMEX stock symbol WRP), today introduced a suite of major 
      enhancements to the company’s flagship 
      product, Reis Subscriber Edition (Reis SE). Reis clients who visit www.reis.com 
      to view Reis’s Q2 2007 commercial real estate 
      market findings, which were also released today, will find that their 
      service has been enhanced as follows: 1) New Construction updates are 
      now available weekly—instead of quarterly; 2) 
      New Construction Comps have been added to the company’s 
      popular Rent Comps and Sales Comps modules; 3) the existing New 
      Construction report now includes post-construction performance data; and 
      4) a new Email Alerts service is now available for real-time 
      notification of sales transactions, new construction activity, 
      metro-specific Reis narrative reports, and CMBS analyses.
    
    
      “These enhancements are part of a long-term 
      development strategy that will add new markets and increase the 
      frequency of Reis data releases,” says Reis 
      Chief Operating Officer Bill Sander, noting also that in May the company 
      expanded into 52 additional apartment markets, bringing Reis’s 
      total apartment coverage to 134 markets.
    
    
      The New Construction report provides Reis’s 
      summary of construction activity at the metro and submarket levels, and 
      now includes lease-up performance data for projects after they are 
      completed. The Construction Comps report allows users to view the 
      nearest twenty planned, proposed, underway, and recently completed 
      projects surrounding a given address. “Additions 
      to inventory can have a significant impact on the competitive landscape 
      within defined geographic areas,” says Reis 
      Chief Economist Dr. Sam Chandan. “In many of 
      the nation’s leading markets, current 
      construction activity will result in a marked increase in completions in 
      the third and fourth quarters. The Construction Comps report allows 
      underwriters, developers, and brokers to remain abreast of this activity.”
    
    
      “The move towards more frequent data releases 
      created an obvious need for a proactive way to alert users to new or 
      updated information,” says Sander. The company’s 
      new Email Alert mechanism lets users establish data filters that will 
      only alert them of updates that are of interest to them. “By 
      way of example, a Reis SE user can now establish an email alert for all 
      sales transactions within a specific set of metros, where sales prices 
      and cap rates fall within specific ranges.”
    
    
      About Reis, Inc. — A leading provider of real 
      estate market information to the investment community for more than 25 
      years, Reis, Inc., offers unrivaled coverage of 134 U.S. metropolitan 
      areas. Reis SE has been widely adopted by institutions around the world, 
      who use Reis data and analytics in all phases of real estate asset and 
      portfolio management. More information is available at http://www.reis.com.