Green Street Advisors Acquires Four Publications: Real Estate Alert, Commercial Mortgage Alert, Hedge Fund Alert and Asset-Backed Alert
NEWPORT BEACH, Calif .– Green Street Advisors, a provider of research, advice and analysis to the commercial real estate industry in North America and Europe, has announced that it has reached an agreement to acquire four publications from leading services serving the commercial real estate and financial sectors – Real estate alert, commercial mortgage alert, hedge fund alert and asset-backed alert – by Harrison Scott Publications. Financial terms were not disclosed.
These high-quality publications will complement Green Street’s existing research, advisory and analytical capabilities and expand the company’s value proposition by delivering independent news as a fourth medium that delivers unique and actionable market information. This transaction represents a significant milestone for Green Street as it implements a new growth strategy, building on its 30+ years of market leadership to further expand and improve its offerings for its customers.
Green Street recently announced the appointment of a new CEO, Jeffry Stuek, Jr., in January 2020. Welsh, Carson, Anderson & Stowe (“WCAS”) acquired Green Street in August 2019 and will invest additional capital to fund this acquisition. .
Mr. Stuek, CEO of Green Street, said: “We are very excited about this acquisition, the first in the history of Green Street. These highly regarded publications have long provided real estate, finance and investment professionals with unique content, objective news, and actionable insights and insights. The in-depth expertise of the subject, the journalistic integrity and the professionalism of their press team have made these publications indispensable to their readership. We look forward to welcoming their talented team to Green Street and bringing their rich content to our cloud-based platform. “
Andy Albert, co-founder and editor of these four publications, said: “We are delighted to join Green Street, the market leader in actionable commercial real estate intelligence. We have long respected Green Street’s independent and impartial approach. We look forward to being a part of Green Street and continuing to provide actionable information to our valued readers. “
The publications will retain their editorial independence. Real estate alert, commercial mortgage alert, hedge fund alert and asset-backed alert will continue to be released in Hoboken, New Jersey, expanding Green Street’s presence in the New York area.
Real estate alert provides subscribers with weekly information on upcoming risks and opportunities in the US commercial real estate market. Commercial mortgage alert provides exclusive insights and data on the behind-the-scenes real estate finance and securitization activities. Hedge fund alert helps readers understand developments in the fund management space. And, Asset-backed alert highlights the news of securitization activity, including the global markets for asset-backed securities, mortgage-backed securities and secured loan bonds.
The transaction is expected to close within the next 30 days.
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