In a move that will broaden the company's reach and deepen its line-up of market-intelligence products and services, Metrostudy has acquired Real Estate Economics (REE), a research firm specializing in economic and housing information and statistics.
As part of the acquisition, Mark Boud—founder of REE and noted industry expert—has joined Metrostudy as senior vice president.
“Hanley Wood is committed to expanding our data and information platform—Metrostudy—in order to serve our audiences and our customers and help them grow their businesses,” said Peter Goldstone, CEO of Hanley Wood. “Real Estate Economics has an amazing lineup of forecasting and analytics products to support builders, developers, and financial institutions that complement what we currently offer through Metrostudy.”
Based in Southern California, REE was founded in 1995 to promote intelligent and successful development of real estate throughout the United States and select international markets. Boud’s forecasting models and analytics are trusted by major builders, land developers and financial institutions.
“We are continually evolving our business to deliver end-to-end data and research services to our customers,” noted Chris Veator, President of Metrostudy. “The acquisition of REE advances this effort significantly by allowing us to deliver a new range of tools, including technology-driven forecasting systems and reports. It’s a big win for both Metrostudy and REE customers, who will now have access to the deepest bench of housing industry resources and the broadest geographical coverage in the market.”
“We’ve admired Metrostudy’s data quality and coverage for many years,” Boud said. “Our consulting capabilities and our web-based information tools are greatly enhanced by this acquisition. We relish the opportunity to join with Hanley Wood and Metrostudy in enhancing our position as the nation’s premier real estate data provider and consulting firm.”