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Euromoney acquires REITcafe.com

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New York—Euromoney Institutional Investor announced that it has acquired REITcafe.com, which provides news for Real Estate Investment Trust investors. Financial terms of the deal were not disclosed.

“The growth of REITcafe as an information resource for global investors has been gratifying for me,” Anatole Pevnev, who founded REITcafe.com in 2005, said in a statement, “and I am very confident that the additional resources that Institutional Investor brings to it will enhance REITcafe’s value and importance to all REIT and real estate investors.”

Euromoney said the acquisition of REITcafe fits with its strategy of acquiring complementary niche information businesses. REITcafe will work closely with “Real Estate Finance & Investment,” a subscription newsletter published by Institutional Investor.

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