Concurrent with the Release of Q2 2007 Commercial Real Estate Research Findings, Reis, Inc., Announces Major Upgrade to Reis Subscriber Edition.

NEW YORK -- Reis, Inc. (AMEX stock symbol WRP), today introduced a suite of major enhancements to the company's flagship product, Reis Subscriber Edition (Reis SE). Reis clients who visit www.reis.com to view Reis's Q2 2007 commercial real estate market findings, which were also released today, will find that their service has been enhanced as follows: 1) New Construction updates are now available weekly--instead of quarterly; 2) New Construction Comps have been added to the company's popular Rent Comps and Sales Comps modules; 3) the existing New Construction report now includes post-construction performance data; and 4) a new Email Alerts service is now available for real-time notification of sales transactions, new construction activity, metro-specific Reis narrative reports, and CMBS analyses.

"These enhancements are part of a long-term development strategy that will add new markets and increase the frequency of Reis data releases," says Reis Chief Operating Officer Bill Sander, noting also that in May the company expanded into 52 additional apartment markets, bringing Reis's total apartment coverage to 134 markets.

The New Construction report provides Reis's summary of construction activity at the metro and submarket levels, and now includes lease-up performance data for projects after they are completed. The Construction Comps report allows users to view the nearest twenty planned, proposed, underway, and recently completed projects surrounding a given address. "Additions to inventory can have a significant impact on the competitive landscape within defined geographic areas," says Reis Chief Economist Dr. Sam Chandan. "In many of the nation's leading markets, current construction activity will result in a marked increase in completions in the third and fourth quarters. The Construction Comps report allows underwriters, developers, and brokers to remain abreast of this activity."

"The move towards more frequent data releases created an obvious need for a proactive way to alert users to new or updated information," says Sander. The company's new Email Alert mechanism lets users establish data filters that will only alert them of updates that are of interest to them. "By way of example, a Reis SE user can now establish an email alert for all sales transactions within a specific set of metros, where sales prices and cap rates fall within specific ranges."

About Reis, Inc. -- A leading provider of real estate market information to the investment community for more than 25 years, Reis, Inc., offers unrivaled coverage of 134 U.S. metropolitan areas. Reis SE has been widely adopted by institutions around the world, who use Reis data and analytics in all phases of real estate asset and portfolio management. More information is available at http://www.reis.com.