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