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Reis exploring strategic alternatives

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Reis exploring strategic alternatives

Reis Inc.'s board has begun exploring strategic alternatives, including a sale.

The commercial real estate market information and analytical tools provider said the strategic alternatives it will consider may include a sale, a merger or other business combination with another party, continuing with the current business plan, or other potential alternatives.

It has engaged Canaccord Genuity as its financial adviser and Fried Frank Harris Shriver & Jacobson LLP as its legal counsel to evaluate the potential strategic alternatives.