CMBS information provider Trepp has agreed to acquire Foresight Analytics, a privately held, California-based firm.
Foresight Analytics offers analysis for commercial and residential real estate in both domestic and international markets for institutional investors, lenders and developers. The deal's terms were not disclosed.
Foresight was founded by Matt Anderson and Susan Persin. The company has established a reputation for its global real estate market insights on both the commercial and residential markets as well as the commercial banking industry.
Soon Foresight Analytics research will be available to clients of Trepp’s CMBS Analytics and TreppLoan products.
“As real estate fundamentals continue to deteriorate, Trepp is committed to expanding the value delivered to our clients,” said Annemarie DiCola, Trepp CEO. “Foresight has terrific name recognition and great respect in the marketplace. We expect that they will quickly add even more depth to our offerings.”
“We are delighted to be joining the Trepp team. Trepp’s market reputation is second to none,” Anderson said.
“This transaction provides Foresight with the scale and resources we need to reach a broader commercial real estate audience to provide more timely and relevant analysis on the shifting CRE landscape,” Persin added,
“As the commercial real estate industry navigates this challenging period, Trepp remains committed to providing its clients with superior information and analytics," said Andy
Leibman, Trepp senior vice president. "With Foresight we add complementary know-how that will provide clients with a deeper view of the securitized and non-securitized mortgage markets,”