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""Trepp, LLC"":http://www.trepp.com, a New York-headquartered provider of research and analytics for the commercial mortgage-backed securities (CMBS) market, announced Thursday that it has acquired ""Investcap Advisors, LLC"":http://www.investcapadvisors.com.
[IMAGE]Investcap, a privately held company in Massachusetts, develops Web-based applications for U.S. CMBS loan and property surveillance. Terms of the deal were not disclosed.
According to a statement from Trepp, this acquisition provides the company with additional commercial real estate (CRE) expertise and technology resources, and expands the range of CRE loan and property surveillance products that it can offer.
[COLUMN_BREAK]""We are constantly striving to increase the value of our services and I am confident that our acquisition of Investcap is aligned with that objective,"" said Annemarie DiCola, Trepp's CEO. ""We have great respect and admiration for Investcap and I look forward to leveraging their great real estate and technology expertise.""
The company says Investcap's clients will benefit from having Trepp's industry standard CMBS data behind Investcap's LoanAdvisor and CREDataXpress products.
Scott Barrie, the founder of Investcap Advisors, will be joining Trepp as a managing director. Barrie brings over 25 years experience in all aspects of lending including commercial loan origination, underwriting, secondary marketing, and loan workouts.
""We are thrilled to be joining the Trepp team,"" Barrie said. ""Their client service reputation and standards for excellence are second to none. I look forward to helping Trepp expand the depth and breadth of its offerings.""
Andy Leibman, Trepp SVP, added, ""There are great synergies between Trepp and Investcap that will enable us to provide our clients, and theirs, with more robust products and even higher levels of support. We are all very excited about this acquisition and look forward to welcoming the Investcap team and all of its clients to Trepp.""
