REIX Corp. Completes Series A Capital Raise

In addition to receiving investments from Altus Group and Real Capital Analytics, the company named Doug Prickett as global CEO, overseeing the continued development and expansion of the Mango REIX and SiiLA products.

Doug Prickett
Doug Prickett, global CEO of REIX

REIX Corp. has completed its Series A capital raise with minority investments from Altus Group Ltd., Real Capital Analytics and several other family office entities. The company is a Cloud-based owner of data and software platforms for the commercial real estate industry. Since the company’s first investment in June 2016, REIX Corp. has expanded data sets and customer efficiencies in the data collection process with assistance from these partnerships.

In addition to this transaction, Doug Prickett has been appointed to global CEO of REIX and will oversee the continued development and expansion of the Mango REIX, an asset-based platform that tracks real estate transaction and capital markets activity, and SiiLA, the data, analytics and networking platform for commercial real estate in Latin America.

“Capital from this investment will be dedicated to growing the Mango REIX platform throughout the Americas, as well as expanding SiiLA’s portfolio of product offerings throughout the major markets of Latin America,” Prickett told Commercial Property Executive. “As the new Global CEO of REIX Corp., these initiatives will be my top priority in 2018. This is an exciting opportunity to bridge my background in institutional real estate valuation and research with our outstanding client-focused product offerings.”

Image courtesy of REIX Corp.