New York, NY (PRWEB) September 24, 2009
Euromoney Institutional Investor PLC ("Euromoney"), the international publishing, events and data business, has purchased REITcafe.com ("REITcafe"), a leading provider of news, data and podcasts for REIT (Real Estate Investment Trust) investors.
REITcafe was founded in 2005 by Anatole Pevnev. Before REITcafe, it was difficult for many investors to get access to REIT executives and top industry analysts to help them make investment decisions. REITcafe provides a venue where investors can hear directly from the individuals that drive this industry. It is the primary website for global REIT information and analysis.
"The growth of REITcafe as an information resource for global investors has been gratifying for me," commented Anatole Pevnev, "and I am very confident that the additional resources that Institutional Investor brings to it will enhance REITcafe's value and importance to all REIT and real estate investors."
REITcafe has more than 6,000 registered users and an archive of over 200 podcasts. In addition to its exclusive podcast content, REITcafe provides easy access to more than 60 quarterly earnings calls, as well as unique industry data and analysis, an industry specific news feed, and a popular weekly newsletter.
The acquisition of REITcafe is consistent with Euromoney's strategy acquiring complementary niche information businesses. REITcafe will work closely with Real Estate Finance & Investment, a leading subscription newsletter published by Institutional Investor. "The acquisition will enhance Real Estate Finance & Investment's existing coverage of REITs and provide a platform to continue to build both products under the same expert editorial team," said Nicholas Ferris, Publisher of Real Estate Finance & Investment. "Anatole has done a magnificent job in building a strong brand and loyal following, and we look forward to continue working with Anatole and building upon his success."
REITcafe will continue to publish its acclaimed podcasts and earnings calls and will develop additional products and data sources to enhance the service.
More about Real Estate Finance & Investment:
Real Estate Finance & Investment is the only weekly publication that covers the real estate markets comprehensively. It is a one-stop news source for senior real estate executives who need to stay on top of breaking news in the commercial property markets, the real estate capital markets, the CMBS market, and pension funds' investment strategies in real estate.
More about REITcafe.com:
REITcafe.com is a free service focused on providing REIT investors with the information they need to help them make intelligent and informed investment decisions. REITcafe is the only website to provide REIT investors with access to REIT executives, analysts, institutional investors and thought-leaders through its podcast programs.
Notes to editors:
1. About Euromoney Institutional Investor PLC
Euromoney Institutional Investor PLC is listed on the London Stock Exchange and a member of the FTSE-250 share index. It is a leading international business-to-business media group focused primarily on the international finance, metals and commodities sectors. It publishes more than 70 magazines, newsletters and journals, including Euromoney, Institutional Investor, and Metal Bulletin. It also runs an extensive portfolio of conferences, seminars and training courses and is a leading provider of electronic information and data covering international finance, metals and emerging markets. Its main offices are in London, New York, Montreal and Hong Kong, and nearly half its revenues are derived from emerging markets.
2. About the transaction
The acquisition of REITcafe is a class three transaction under the UK Listing Rules. Institutional Investor is a wholly owned subsidiary of Euromoney Institutional Investor PLC.