Green Street Advisors, a research, advisory and analytics company serving the commercial real estate industry, is set to acquire four publications that serve the commercial real estate and financial industries — Real Estate Alert, Commercial Mortgage Alert, Hedge Fund Alert, and Asset-Backed Alert — from Harrison Scott Publications.
Financial terms were not disclosed.
The publications will complement Green Street’s existing research, advisory, and analytics capabilities and expand the firm’s value proposition by offering independent news as a fourth medium that delivers unique and actionable market intelligence.
The transaction represents a significant step for Green Street as it executes on a new growth strategy, building upon its 30-plus years of market experience.
Green Street recently announced the appointment of a new Chief Executive Officer, Jeffry Stuek, Jr., in January 2020.
Welsh, Carson, Anderson & Stowe (WCAS) acquired Green Street in August 2019 and will invest additional capital to fund this acquisition.
Stuek commented, “We are very excited about this acquisition, the first in Green Street’s history.
“These highly regarded publications have long provided real estate, finance, and investment professionals with unique content, objective news, and actionable information and insights.
“Their news team’s deep subject matter expertise, journalistic integrity and professionalism have made these publications indispensable to their readership. We look forward to welcoming their talented team to Green Street and including their rich content on our cloud-based platform.”
Green Street said the publications will maintain their editorial independence and continue to be published in Hoboken, New Jersey.