CompStak Enters Affinity Agreement With Appraisal Institute

Chicago, Illinois, May 6, 2020 — CompStak, the leading provider of commercial real estate comparable data and analysis, has joined with the Appraisal Institute (AI), the nation’s largest professional association of real estate appraisers, to provide AI members and affiliates (“AI Professionals”) with benefits and discounts across its proprietary data platforms.

Appraisal Institute Professionals who rely on commercial real estate comparables can now utilize CompStak for their comp needs. With CompStak, appraisers are able to calculate property incomes with starting rent and concession data, review recent sales comps with net operating incomes and cap rates to include in appraisal reports, and understand current leasing trends across markets, submarkets, and asset classes.

“CompStak is very excited to enter into this affinity partnership at a time when up-to-date, reliable commercial real estate data is more important than ever,” Michael Mandel, Co-Founder and CEO of CompStak, said.

AI Professionals that are fee-based or brokerage valuation appraisers access 20 free trial comps on the CompStak Exchange platform. AI professionals who work in valuation at banks, investment firms, and public agencies, who are new CompStak clients, receive a 7-day free trial and 10% discount of the CompStak Enterprise platform.

“We see this affinity agreement as a natural fit, as both AI and CompStak have long been on the forefront of appraisal industry practices and data technology,” Jefferson L. Sherman, MAI, AI-GRS, President of Appraisal Institute, said.

Note: This article was originally published via AppraisalBuzz on May 8, 2020.