Trepp and ICSC Launch Center Benchmarks(TM) Survey to Analyze Shopping Center Operations
NEW YORK, May 1, 2013 /PRNewswire/ — Trepp LLC, a leader in commercial real estate information and analytics, and the International Council of Shopping Centers (ICSC) announced today the opening of the Center Benchmarks(TM) survey, an analysis of income and expense data from shopping centers in the United States. Survey participants can contribute directly to the analysis by uploading operating and performance data to the survey site at www.centerbenchmarks.com. The Center Benchmarks survey, a result of a collaborative effort between Trepp and ICSC announced earlier this year, was developed to provide commercial real estate practitioners with a reliable source for evaluating shopping center performance.
Open today through June 2013, the Center Benchmarks survey will collect financial and other performance data for use in industry standard comparative benchmarking. Upon aggregation of the data, a Center Benchmarks report will be made available to member participants for free and to non-participants for purchase.
In the video statement released by ICSC and Trepp, ICSC President Michael Kercheval highlights one of the standout features of Center Benchmarks, namely that the survey is anchored by Trepp’s database of nearly 20,000 properties.
Trepp’s CEO Annemarie DiCola echoes that sentiment in the same video release, “We think we struck the right balance with an approach that includes both data from our own engine, as well as direct input from members about the operational performance of shopping centers.”
Respondents may participate in the survey by visiting www.centerbenchmarks.com.
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.
This press release was issued through eReleases® Press Release Distribution. For more information, visit http://www.ereleases.com.
SOURCE Trepp LLC