Moody's Corp. has made a strategic investment in CompStak, which provides commercial real estate lease information.
Moody's Analytics will gain access to CompStak's crowd-sourced data set, which covers more than 275,000 commercial properties in 70 U.S. markets. Aggregated insights and analytics from CompStak's commercial lease data will be integrated with Moody's Analytics' products, including its Commercial Mortgage Metrics service. The companies will also collaborate to develop a new platform to deliver a set of commercial real estate data and analytics.
Moody's funded the investment through existing cash; it will not have a material impact on the company's 2017 financial results.