This article is from the Australian Property Journal archive
NYSE-listed investment services firm MSCI has boosted its data capabilities with the $950 million acquisition of commercial real estate data provider Real Capital Analytics.
MSCI will look to leverage RCA’s database of more than $20 trillion of commercial property transactions linked to over 200,000 investor and lender profiles.
Founded in 2000, RCA is a private company and provides market pricing, capital flows and investment trends data and analytics to participants in commercial real estate capital markets in more than 170 countries.
Earlier this year RCA expanded its services into the Australian market.
This acquisition will expand MSCI’s suite of real estate solutions and follows its new strategic partnership with Burgiss, a provider of data, analytics and technology solutions for investors of private capital.
“The commercial real estate sector is seeing substantial transformation driven by several factors, including shifting consumer behaviors in work, lifestyle and travel accelerated by the pandemic, realignment in global supply chains, and the impact of climate change,” Henry Fernandez, chairman and CEO, MSCI, said.
Robert M White, Jr., founder and president of RCA, said, “MSCI is a natural home for Real Capital Analytics since our primary goal has always been to bridge the information gap between commercial real estate and other asset classes across the financial markets”.
“In enhancing MSCI’s commercial real estate capabilities, this acquisition also underscores the firm’s commitment to accelerating and expanding the use of data, analytics and workflow applications for investors in global private assets.”
The transaction is expected to be funded with existing cash on hand and close at the end of the third quarter, or early in the fourth quarter, of 2021.
