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| Manus Clancy |
(New York, NY – May 15, 2014) – Trepp, LLC, the leading
provider of information, analytics, and technology to the CMBS, commercial real
estate, and banking markets, today announced its acquisition of Commercial Real
Estate Direct (CRE Direct), the subscription-based source for information and
news on the real estate capital markets.
“Trepp’s acquisition of CRE Direct was a logical step, as
both our organizations focus on delivering valuable information to the
commercial real estate and CMBS markets,” said Manus Clancy, Senior
Managing Director at Trepp. “CRE Direct
is a proven source of daily news and information, as well as a robust research
tool with more than 80,000 stories going back to 2000,” Clancy said.
The acquisition brings together two firms with strong client
rosters and market reputations. With a
readership of more than 10,000, CRE Direct delivers an online daily news site
and a weekly newsletter publication via a subscription-based service.
Trepp’s client base includes more than 800
financial institutions that access Trepp’s web-based tools for CMBS trading and
analysis.
“While CRE Direct will continue to operate independently,
our mutual clients will clearly benefit from streamlined access to additional
information and analysis,” said Orest Mandzy, managing editor of CRE
Direct. “More specifically, our CRE
Direct clients and advertisers will see immediate opportunities that come from
expanded delivery channels and access,” Mandzy said.
Trepp will be delivering authorized access to CRE Direct
through its product suite, namely TreppTrade, TreppCMBS and TreppLoan.
The new capability will be unveiled at the
Commercial Real Estate Finance Council conference in New York on June 9.
For a complete copy of the company’s news release, please
contact:
Eric Gerard
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