Trepp and the International Council of Shopping Centers Partner to Deliver Benchmark Analysis of Shopping Center Operations
Mar 18, 2013 (Close-Up Media via COMTEX) --
Trepp, a provider of commercial real estate analytics, and the International Council of Shopping Centers (ICSC) announced an agreement to produce an analysis of shopping centers in the United States.
According to a release, 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."
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.
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