WASHINGTON (May 14, 2012) – The National Association of Realtors® announced today a strategic alliance with Xceligent, Inc., a leading commercial real estate information services provider. Xceligent recently acquired ePropertyData from NAR’s strategic investment fund, Second Century Ventures, to create a competitive national alternative in commercial real estate information.
As part of the REALTOR Benefits® Program, Xceligent will be the exclusive provider of commercial real estate information services, including Xceligent’s flagship Premium Research Platform, which will cover the major U.S. markets; a National Public Search Service for marketing properties; and the two commercial information exchange products gained through the ePropertyData acquisition, which are the Basic Broker Loaded Platform and Basic Research Platform. This strategic alliance ensures preferred pricing for Realtors®.
“As a Realtor® who conducts commercial real estate transactions, I am proud NAR has entered into a game-changing partnership for the commercial real estate industry,” said NAR President Moe Veissi, broker-owner of Veissi & Associates Inc., in Miami. “Competition in this marketplace will greatly influence the way commercial real estate professionals conduct business long into the future and grow the industry as a result.”
“Xceligent is excited to partner with NAR at this ground-breaking moment in our industry’s history,” said Doug Curry, Founder and CEO of Xceligent. “Providing Realtors® specially priced access to Xceligent’s proactively researched market information and our new National Public Search platform will energize their businesses and increase their efficiency, allowing them more time to be in front of their clients instead of their computers.”
“This strategic alliance with Xceligent represents the power of partnership within the real estate industry, and more importantly, reinforces how Realtors® benefit from NAR’s REALTOR Benefits® Program,” said Bob Goldberg, NAR senior vice president of Marketing, Business Development and Strategic Investments, and Commercial Services. “With the acquisition of ePropertyData, Xceligent is poised as a truly competitive alternative in the commercial real estate information services market.”
Details of the program will be released in coming weeks.
Xceligent, Inc., a leading provider of commercial real estate information services, is based in Independence, Mo., and has 210 employees. Leveraging an efficient, research-focused model, Xceligent provides commercial real estate professionals with accurate and timely information on commercial real estate availabilities. Xceligent currently provides information services in 30 major U.S. metropolitan markets and has begun the national roll-out to cover the top 65 U.S. markets in 36 months with premium research services per the recently issued Federal Trade Commission consent decree allowing the CoStar/LoopNet merger to proceed.
NAR’s REALTOR Benefits® Program offers practical solutions for Realtors® on the products and services they use every day. The program includes offerings in a variety of categories from nearly 30 companies recognized as leaders in their respective industries.
The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.
- NAR’s Second Century Ventures Announces Sale of ePropertyData (commercialsource.com)