NEW YORK– Reis, Inc., a leading provider of commercial real estate market information and analytical tools, announced today that it has launched a new, web-based credit risk, stress testing and portfolio surveillance platform, Mobiuss(R) Portfolio CRE, developed in conjunction with Opera Solutions, LLC. Opera Solutions is a leader in “Big Data” science, predictive analytics and technological innovations. Mobiuss(R) Portfolio CRE is targeted to both debt and equity investors active in U.S. commercial real estate. By some estimates, there are over 7,000 U.S. banks alone that are potential subscribers for the new product, and overall, the commercial real estate data and analytics market may represent a $500 million annual revenue opportunity.
Mobiuss(R) Portfolio CRE enables clients to quickly and thoroughly assess portfolio risks and opportunities by integrating Reis property, submarket and market data with Opera Solutions’ rich analytics and client loan and property information. The solution is delivered in a web-based, visually engaging interface.
As a loan-level analysis and surveillance platform, Mobiuss(R) Portfolio CRE enables property valuation, credit analysis and stress testing, benchmarking and portfolio pricing. This combination of Reis’s unmatched commercial real estate market and property data and analytics, with Opera Solutions’ domain expertise in credit risk modeling and data science provides commercial real estate investors access to powerful analytics and portfolio transparency in an intuitive, time saving solution. In addition to providing credit default metrics such as expected losses and probabilities of default at the loan and portfolio levels, outputs include forecasted collateral incomes and values for multiple economic scenarios and regulator mandated stress tests.
Integrated with Reis’s flagship platform, Reis SE, Mobiuss(R) Portfolio CRE will allow clients to meet regulatory stress testing requirements, set loan loss reserves and monitor their collateral.
Reis’s CEO, Lloyd Lynford, observed, “The experiences of the last downturn have changed the way that commercial real estate investors, particularly the debt community, measure and monitor risk in their portfolios. Analyzing cash flows, collateral values and default risk at the loan level — from the bottom up — is now considered to be a standard method that can be employed by all institutions. It is the new paradigm in commercial real estate risk analysis and the Mobiuss platform is a state-of-the-art solution to meet those needs.”
“Mobiuss leverages advances in data science and technology to provide market participants with an unprecedentedly comprehensive set of insights into market, property and loan performance while saving clients the expense and headaches associated with managing and integrating data and analytics,” said Jon DiGiambattista, Opera Solutions’ Global Markets Product Head. “The end result is an ability to make smarter and more targeted decisions with significantly lower overhead costs.”
Reis’s primary business is providing commercial real estate market information and analytical tools for its subscribers, through its Reis Services subsidiary. Reis Services, including its predecessors, was founded in 1980. Reis maintains a proprietary database containing detailed information on commercial properties in metropolitan markets and neighborhoods throughout the U.S. The database contains information on apartment, office, retail, warehouse/distribution, flex/research and development and self storage properties and is used by real estate investors, lenders and other professionals to make informed buying, selling and financing decisions. In addition, Reis data is used by debt and equity investors to assess, quantify and manage the risks of default and loss associated with individual mortgages, properties, portfolios and real estate backed securities. Reis currently provides its information services to many of the nation’s leading lending institutions, equity investors, brokers and appraisers.
Reis, through its flagship institutional product, Reis SE, and through its small business product, ReisReports, provides online access to a proprietary database of commercial real estate information and analytical tools designed to facilitate debt and equity transactions as well as ongoing asset and portfolio evaluations. Depending on the product, users have access to market trends and forecasts at metropolitan and neighborhood levels throughout the U.S. and/or detailed building-specific information such as rents, vacancy rates, lease terms, property sales, new construction listings and property valuation estimates. Reis’s products are designed to meet the demand for timely and accurate information to support the decision-making of property owners, developers, builders, banks and non-bank lenders, equity investors and service providers. These real estate professionals require access to timely information on both the performance and pricing of assets, including detailed data on market transactions, supply, absorption, rents and sale prices. This information is critical to all aspects of valuing assets and financing their acquisition, development and construction.
About Opera Solutions
Opera Solutions (www.operasolutions.com) is a global leader in machine learning. With 230+ machine-learning scientists among its 700 employees, it combines science, technology, and domain expertise to transform Signals — the valuable predictive information in Big Data flows — into machine-generated Best Actions that drive profit and productivity gains. Its Signal Hub(TM) technologies provide an enterprise-wide capability to continually extract and use newly available predictive information from inside and outside the enterprise. Opera Solutions serves financial services, healthcare, government, supply chain, marketing, and other sectors, with offices in North America, Europe, India, and China. For more information, contact Interest@operasolutions.com, or call 1-855-OPERA-22.