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.
About CRE Direct
Founded in 1999, CRE Direct currently delivers news to more than 10,000 individuals throughout every business day via its CREDirect.com site and weekly through its emailed newsletter publication. CREDirect provides the most up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS. Subscribers, which include investors, lenders, brokers, investment banks and others, gain access to daily in-depth news and information through the Property Sales Database, CMBS Pricing Matrix and CMBS Pipeline.
Trepp, LLC, founded in 1979, is the leading provider of information, analytics and technology to the CMBS, commercial real estate and banking markets. Trepp provides primary and secondary market participants with the web-based tools and insight they need to increase their operational efficiencies, information transparency and investment performance. Trepp serves its clients with products and services to support trading, research, risk management, surveillance and portfolio management. Trepp is wholly owned by DMG Information, a division of the Daily Mail and General Trust (DMGT). Trepp is a member of the European American Chamber of Commerce.