|
Balance Sheet Cash Flow Statement 535 Madison Ave., 26th Fl. New York, NY 10022 NY Tel. 212-838-3400 Fax 212-421-7244 |
Type: Public
On the web:
http://www.reis.com
Employees:
136
Employee growth: (0.7%)
Reis, Inc. has a new name, face, and future. Formerly Wellsford Real Properties (a merchant banking firm), the company had been planning to liquidate, but instead acquired Reis, taking on both its name and business. Reis provides commercial real estate market information through an online database containing information on apartment, retail, office, and industrial properties in metropolitan markets throughout the US. The database is primarily used by real estate investors, lenders, and brokers to make buying, selling, and financing decisions. Reis also continues to develop and construct three residential projects held over from its former Wellsford business. Reis shareholders own 38% of the merged company.
Key numbers for fiscal year ending December, 2008:
Sales: $47.6M
One year growth: 30.9%
Net income: ($7.5)M
Officers:
Chairman: Jeffrey H. Lynford
President, CEO, and Director: Lloyd Lynford
COO, Reis Services: William Sander
Competitors:
CB Richard Ellis
CoStar Group
PropertyInfo




