* VIDWRX did testing videography for this program and you can find the result on the soon to be outdated VID webpage.
* the below is just out today. A major market expansion by REIS into the same real estate space or market as the VIDWRX testing program was evaluating. This has to be the soon to be announced contract that was signed. A major new revenue stream for VIDWRX should kick off now.
Reis, Inc. Doubles Coverage of Student Housing Markets
2015-08-31 08:45 ET - News Release
NEW YORK, Aug. 31, 2015 (GLOBE NEWSWIRE) -- Reis, Inc. (Nasdaq:REIS) (“Reis” or “the Company”), a leading provider of commercial real estate market information and analytical tools, today announced the addition of 100 universities to the Company’s student housing coverage, doubling the number of colleges and universities for which Reis offers comprehensive market and property level intelligence.
“Reis’s doubling of coverage, merely months after our introduction of the sector, comes at a time of heightened interest in student housing as an investment option,” said Reis’s CEO, Lloyd Lynford. “By applying Reis’s time-tested methodology to yet another vibrant sector in need of objective and quantitative rigor, Reis brings transparency to the market, contributes to transaction efficiency, and ultimately helps to enhance capital flows.”
The expansion is responsive to Reis’s clients and prospects who seek to understand local standards for important variables, such as:
- Utility and unit/community amenities
- Leasing incentives
- Bed-to-bath parity
- Lease terms
- Proximity to campus
Reis’s student housing offering complements the seven other property types Reis monitors including: apartment, office, retail, warehouse/distribution, flex/research & development, self-storage and seniors housing. The Company offers a full suite of property and market level reports for all of these critical CRE sectors.
Bill Sander, President and COO of Reis Services, sees the release as a continuation of a now long-established tradition. “In the past two years alone,” said Mr. Sander, “we have introduced major product enhancements, such as our Executive Briefing reports at the metro, submarket, and property level, while also adding 110 Seniors Housing markets and translating our flagship product into six major languages. This latest release of additional student housing markets demonstrates our commitment to continued product development that will place even more distance between Reis and the competition.”