DALLAS, Jan. 8, 2018 /PRNewswire/ -- REIX Corporation, owner of
leading data and software platforms for the commercial real estate industry in the United States
and Latin America, announced today the completion of its Series A capital raise with minority
investments from Altus Group Limited (TSX:AIF), Real Capital Analytics, Inc. and a consortium of family office entities. In
conjunction with this transaction, industry veteran Douglas Prickett was named as the Global CEO
of REIX and will oversee the continued development and expansion of its Mango REIX™ and SiiLA™ products.
"This deal is a rare opportunity to partner with both RCA, the leading provider of global capital markets data and Altus Group
which has the breadth to cover the top end of the institutional real estate marketplace with industry leading products such as
ARGUS Enterprise™," said Douglas Prickett. "We are excited to innovate and collaborate alongside
such giants in our industry."
"Partnering with REIX and RCA is in perfect alignment with our mission of delivering best-in-class real estate data, services,
and technology solutions to our clients," said Robert Courteau, CEO of Altus Group, Ltd. "We are
excited for the additional ways this partnership will leverage the analytical capabilities of ARGUS Enterprise™ in helping
clients manage their real estate investments."
Commenting on the transaction, Robert White, Jr., founder and President of Real Capital
Analytics, Inc. said, "We are glad to be making a follow on investment in this venture. Since our first investment in
June 2016, we have recognized numerous synergies from our partnership such as expanded data sets
and customer efficiencies in the data collection process. We are also excited to watch our data come alive in state-of-the-art
analytics and reporting products."
About REIX Corporation
REIX Corporation is family of Cloud-based data solutions created for the commercial real estate industry. Headquartered in
Dallas, Texas, REIX products have been adopted by some of the world's largest institutional
owners of commercial real estate. Its two main products are Mango REIX™, an Enterprise data curation platform, and SiiLA™,
the leading data, analytics, and networking platform for the commercial real estate industry in Latin
America. For more information, visit: www.reixcorp.com
Media Contact:
Elizabeth Hammond
Director of Marketing
REIX Corporation
304-415-1477
About Altus Group Limited
Altus Group Limited is a leading provider of independent advisory services, software and data solutions to the global
commercial real estate industry. Our businesses, Altus Analytics and Altus Expert Services, reflect decades of experience, a
range of expertise, and technology-enabled capabilities. Our solutions empower clients to analyze, gain insight and recognize
value on their real estate investments. Headquartered in Canada, we have approximately 2,500
employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world's largest
real estate industry participants. Altus Group pays a quarterly dividend of $0.15 per share and our
shares are traded on the TSX under the symbol AIF.
For more information on Altus Group, please visit: www.altusgroup.com.
Media Contact:
Ali Mahdavi
Investor Relations
Altus Group Limited
416-641-9710
About Real Capital Analytics, Inc.
Real Capital Analytics, Inc. (RCA) is the authority on the deals, the players and the trends that drive the commercial real
estate investment markets. Covering all markets globally, RCA delivers timely and reliable data with unique insight into market
participants, pricing and capital flows. The most active investors, lenders and advisors depend on RCA's market intelligence to
formulate strategy and to source, underwrite and execute deals. An industry pioneer since 2000, RCA has offices in New York, San Jose, London and Singapore.
For more information, visit: www.rcanalytics.com
Media Contact:
Mark Bell
Vice President of Marketing
Real Capital Analytics, Inc.
646-395-2038
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SOURCE REIX Corporation