WRP Reis,

Reis, Inc. (AMEX: WRP) today announced the expansion of the company�s multifamily and commercial real estate surveillance services by an additional 35 markets for the apartment sector, raising the total number of markets covered to 169. The expansion comes just twelve weeks after the company�s May announcement of a similar addition of 52 new apartment markets. Explaining the reason for the expansion of coverage, Reis cites the increasing importance of smaller markets in the real estate investment picture. �As transaction prices have climbed to record highs in the nation�s leading apartment markets, many investors have grown their portfolios through acquisitions in smaller metropolitan areas,� said Chief Economist Dr. Sam Chandan. �But smaller markets present unique liquidity and transparency risks, even more so in an environment of tightening credit. Increasingly, our clients have requested that we bring to bear Reis�s expertise to provide consistent, accurate reporting of smaller markets� performance.� For each of the new markets, the company offers its popular property-level Rent Comparables report, as well as a new Performance Monitor report. The Performance Monitor provides current and historical measurements of rent, vacancy, and inventory, as well as relevant economic and demographic information. To facilitate the comparison of market conditions, this information is displayed within its regional and national context. Today�s release completes the first phase of a long-term expansion strategy. "Reis has similar plans to expand our Office and Retail coverage in the coming months and years,� said Reis�s Chief Operating Officer Bill Sander. �Providing coverage in these smaller markets reinforces our reputation as a leading source for a wide array of market data and transaction support analytics." Rent Comparables and Performance Monitor reports for the new markets are available as an add-on module to Reis Subscriber Edition. About Reis, Inc. � Reis was founded in 1980 as a provider of commercial real estate market information and today is a leader in its field. Reis maintains a proprietary database containing detailed information on commercial real properties in neighborhoods and metropolitan markets throughout the U.S. The database contains information on apartment, retail, office and industrial properties and is used by real estate investors, lenders and other professionals to make informed buying, selling and financing decisions. Reis currently provides its information services to many of the nations leading lending institutions, equity investors, brokers and appraisers. Note on Forward Looking Statements � This press release, together with other statements and information publicly disseminated by Reis, Inc. contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Reis, Inc. or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks include, but are not limited to, the failure of the company�s expansion strategy to succeed and the failure of the company to continue the expansion strategy. Please refer to the company�s annual, quarterly and periodic reports on file with the SEC for a more detailed discussion of various risks that could cause results to differ materially.