Situs, a company that provides commercial real estate advisory services and technology solutions, announced it has facilitated the acquisition of Real Estate Research Corporation (RERC).
RERC is among the first and most recognized consulting firms to provide valuation management and fiduciary services, appraisal and litigation services and research, risk analysis, and publications.
The acquisition of RERC enables Situs to provide an expanded suite of services and solutions to its clients, including equity side focused knowledge and capabilities, which complement Situs’ debt side expertise and products.
Through the deal, Situs will gain both access to a client base that includes significant equity providers — such as insurance companies and pension funds — as well as the ability to offer its customers deeper CRE data analytics.
“RERC will provide us with the additional resources, management experience and expertise that will benefit our valued clients,” said Keith Johnson, CEO, Situs.
“The combined offerings of our two firms will enable companies to access a robust menu of advisory and technology solutions, as well as an abundance of intellectual capital to meet their needs in today’s challenging commercial real estate market.”
Under the terms of the agreement, both Situs and RERC will retain their separate corporate identities/names, internal management and staffing structures, as well as their respective client service work.