Reis, a leading provider of commercial real estate market information and analytical tools, announced that it has launched the nation's first comprehensive coverage of the low-income housing tax credit (LIHTC) market.
The company said its LIHTC coverage will kick off with 176 counties in 45 major U.S. metros. The launch is responsive to many of the firm’s largest clients and prospects, who have urged Reis (Nasdaq: REIS) to bring transparency to this important subset of the multifamily sector.
"Our decades of experience in data collection, quality assurance, and the production of reports illuminating various multifamily investment vehicles has made Reis uniquely qualified to serve the LIHTC market," said Bill Sander, president and COO, in a statement. "Interdependent factors influencing the sector, such as public housing policies and county-level economic and demographic trends, place it beyond the reach of would-be competitors."
LIHTC lenders, investors, developers, and operators in this “informationally underserved sector” will be able to turn to the company's flagship product, Reis SE, for the same suite of property and market-level reports with which Reis has supported deal making for other property types, including the multifamily categories of market-rate rentals, senior, and student housing, announced the firm.