NEW YORK, March 13, 2013 /PRNewswire/ — Trepp, LLC, a leader in commercial real estate analytics, and the International Council of Shopping Centers (ICSC) announced today an agreement to produce an analysis of shopping centers in the United States. The collaboration, which will focus on the collection and analysis of benchmark and performance data, leverages Trepp's detailed information of nearly 20,000 shopping centers and ICSC's research organization.
The analysis, which will be offered to the ICSC membership, is aimed at helping commercial real estate practitioners better understand the position of shopping center properties by providing detailed income and expense data. The analysis will be based on two key data sources, Trepp's database of properties, and a survey of shopping center owners and management companies.
"We are excited about this collaborative effort between Trepp and ICSC because of two factors," said ICSC President and CEO Michael Kercheval. "Both the scope and the flexible delivery of this research and analysis will be an unprecedented value-add for our membership," he said.
The benchmark analysis represents an expansion of the collaboration between ICSC and Trepp. Since 2009, ICSC has maintained access to Trepp's monthly reports to better serve the research requirements of its 58,000 members.
"This was a natural extension of the relationship between our organizations," said CEO of Trepp Annemarie DiCola. "Having forged a relationship over the last several years, the value proposition of developing this analysis was a logical next step," DiCola said.
The ICSC-Trepp benchmarking survey will be opened to participants in mid-April.
Founded in 1957, ICSC is the premier global trade association of the shopping center industry. Its more than 58,000 members in over 90 countries include shopping center owners, developers, managers, marketing specialists, investors, retailers and brokers, as well as academics and public officials. As the global industry trade association, ICSC links with more than 25 national and regional shopping center councils throughout the world. For more information, visit www.ICSC.org.
About Trepp, LLC
Trepp, LLC, founded in 1979, is the leading provider of information, analytics and technology to the CMBS, commercial real estate and banking markets. Trepp provides primary and secondary market participants with the web-based tools and insight they need to increase their operational efficiencies, information transparency and investment performance. From its offices in New York, San Francisco and London, Trepp serves its clients with products and services to support trading, research, risk management, surveillance and portfolio management. Trepp is wholly-owned by DMG Information, the information publishing division of the Daily Mail and General Trust (DMGT). For more information, visit www.Trepp.com.
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Eric Gerard, Lindsay Church