Moody’s Corporation has made a strategic investment in CompStak, a provider of commercial real estate (CRE) lease information.
Moody’s said in a statement that CompStak and Moody’s Analytics will partner to reach additional markets and to develop new products and technologies that meet the needs of CRE finance and risk professionals. Moody’s Analytics will gain access to CompStak’s crowd-sourced data set, which covers over 275,000 commercial properties in 70 U.S. markets.
The investment underscores Moody’s ongoing commitment to fostering innovative solutions to evolving market needs through Moody’s Analytics’ Emerging Business Unit (EBU), formed in 2016. The EBU aims to identify, research, and develop new business opportunities that are enabled by technological innovation.
“CompStak leverages advanced technologies to provide unique insight into the CRE market,” said Keith Berry, Executive Director of Moody’s Analytics’ Emerging Business Unit. “Working with CompStak will help Moody’s Analytics enhance our existing CRE solutions and develop new and innovative products for the evolving needs of the CRE investment and lending sectors.”
Aggregated insights and analytics from CompStak’s commercial lease data will be integrated with Moody’s Analytics’ products, including its CMM™ (Commercial Mortgage Metrics) solution, the leading tool for assessing default risk of CRE mortgages. In addition, Moody’s and CompStak will collaborate to develop a new platform that delivers a comprehensive set of CRE data and analytics.
“Moody’s Analytics is well known for the strength and breadth of its CRE risk solutions, and we look forward to working together to develop new ways to serve the needs of this sector,” said Michael Mandel, CEO and co-founder of CompStak.
The investment was funded through U.S. cash and will not have a material impact on Moody’s 2017 financial results.
CompStak creates transparency in commercial real estate (CRE) markets by gathering information that is hard to find, difficult to compile, or otherwise unavailable. Since 2012, CompStak has delivered this unmatched insight to a network of tens of thousands of members and clients, including Tishman Speyer, Wells Fargo, Equity Office Properties, Boston Properties and many other top CRE firms. CompStak Exchange is an exclusive platform for CRE brokers, appraisers, and researchers to trade verified commercial lease comps at no charge. Through CompStak Enterprise, lenders, landlords, and investors can access granular CRE transaction information and market analytics.