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Real Capital Analytics

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uuid0000pgg

Namestring
Real Capital Analytics
Legal namestring
Real Capital Analytics, Inc.
Websiteurl
rcanalytics.com
Company typeenum
Private
Founded yearint
2000
Descriptiontext

Real Capital Analytics, Inc. is a commercial real estate data and analytics firm founded in 2000 and headquartered in New York. It operates as a wholly owned subsidiary of MSCI Inc., acquired in 2021 and integrated within MSCI's Real Assets business segment alongside Investment Property Databank Limited. The firm tracks U.S. commercial real estate transaction volumes, portfolio and entity-level deal activity, distressed asset market share dynamics, and real estate investment advisor rankings across geographies including the United States and India. It delivers market intelligence on CRE liquidity (e.g., May 2026 U.S. CRE volumes of $42 billion, +15% YoY; portfolio/entity-level deals +205% YoY), cycle comparisons (current distressed share at 3% vs. 20% peak post-2008 GFC), and advisor benchmarking (e.g., JLL at 48% India market share on USD 4.3 billion transaction value in 2025).

Its core product is a commercial real estate transaction data and analytics platform providing market intelligence, pricing indices, and investment advisory analytics. Products are delivered via enterprise data feeds, SaaS platforms, client portals, and research publications under the brand "MSCI Real Capital Analytics." Distribution is executed through MSCI's global enterprise sales infrastructure, and the firm benefits from MSCI's 7,100+ client organisations across 100+ countries and presence in 27+ countries. Underlying technology comprises proprietary CRE transaction databases and analytical models supporting market share analysis, distress tracking, and advisor ranking methodologies.

The business model is subscription-based, recurring revenue from enterprise B2B clients, with quote-based annual pricing typical for institutional data providers. Go-to-market is sales-led, targeting institutional real estate investors, real estate investment advisors, and debt funds/private credit investors. Marketing reaches institutional buyers via research publications, the MSCI Research Weekly newsletter, industry events, webinars, and content marketing. Revenue is not disclosed separately; Real Capital Analytics operates within MSCI Inc., which reported FY2025 total operating revenues of approximately US$3.1 billion.

Short descriptiontext

Real Capital Analytics is a commercial real estate data and analytics firm providing transaction intelligence, distressed asset analysis, and investment advisor rankings to institutional real estate investors, advisors, and debt funds. It operates as a wholly owned subsidiary of MSCI Inc. within the Real Assets segment.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersNew York, United States
HQ citystring
New York
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
commercial real estate data, CRE transaction analytics, real estate market intelligence, property investment data, real estate benchmarks
Industry1 code
1Real Estate Market Research & Economic Advisory (Demand/Supply, Location Analytics)
CodeBPAJANADPrimaryYes
NAICS code2 codes
  • Portfolio Management and Investment Advice52394
  • Portfolio Management and Investment Advice523940
SIC code1 code
  • Investment Advice6282
Product category
Commercial Real Estate Data & Analytics
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Data and Analytics Subscriptions
TypeSubscription Recurring
Description

Real Capital Analytics provides commercial real estate data and analytics to institutional clients via subscription-based data feeds, SaaS platforms, and client portals. MSCI's total operating revenues for FY2025 were approximately US$3.1 billion.

msci.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Technology or R&D, Marketing or Sales, Operations
Pricing details1 tier
1Enterprise data and analytics subscription
ModelSubscriptionBilling cadenceAnnual
Notes

Pricing not publicly disclosed - quote-based B2B enterprise pricing model typical for institutional data providers

propertyshark.com
GTM typeB2B
B2B
Offering typeSoftware
Software
Core offering1 text field

Real Capital Analytics provides commercial real estate transaction data and analytics to institutional clients, tracking U.S. and global CRE deal activity at the portfolio and entity level. Its offerings include transaction volume data, market liquidity indicators, distressed asset analysis, and investment advisory rankings delivered via data feeds, SaaS platforms, client portals, and research publications.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Real Capital Analytics operates as a core product within MSCI's Real Assets business segment, providing commercial real estate transaction data and analytics. The platform offers market intelligence including U.S. transaction volume tracking, distress sales analysis, and investment advisory rankings. The product is delivered as part of MSCI's broader real estate data and analytics suite alongside Investment Property Databank (IPD).

Product and service1 record
1Real Capital Analytics
CategoryCommercial Real Estate Data & Analytics
Description

Commercial real estate transaction data and analytics platform providing market intelligence including U.S. transaction volume tracking, distressed asset market share analysis, and real estate investment advisory rankings. Delivered through Real Capital Analytics, Inc. (USA) and Real Capital Analytics Limited (UK) as part of MSCI's Real Assets business segment for institutional clients such as REITs, investment advisors, and asset managers.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
1Singapore Exchange (SGX)
Strategic tierMajorTypeStrategic or Co-development Partner
Description

MSCI expanded partnership with Singapore Exchange (SGX) to make MSCI benchmarks more accessible to institutional investors worldwide. MSCI's benchmarks are now more accessible through SGX futures and options products.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
1CoStar Group
TypeDirect peer
Description

Largest commercial real estate data and analytics platform globally, offering property intelligence, analytics, and marketplace services that overlap directly with RCA's CRE transaction data and market intelligence offerings.

2Altus Group
TypeDirect peer
Description

Provider of commercial real estate data, analytics, and advisory services (including Reonomy), directly competing with RCA in CRE market intelligence and transaction analytics.

3Yardi Systems
TypeDirect peer
Description

Major CRE software and data platform serving institutional investors and asset managers with property, lease, and analytics solutions that overlap with RCA's institutional CRE data offerings.

4RealPage
TypeDirect peer
Description

Real estate data, analytics, and software provider across residential and commercial segments, competing in the broader real estate intelligence space and increasingly in CRE analytics.

5CompStak
TypeEmerging player
Description

Crowdsourced CRE lease and sale comp data platform focused on transaction comparables - a core adjacency to RCA's transaction tracking and pricing intelligence.

6Cherre
TypeEmerging player
Description

CRE data platform aggregating property, market, and transaction data for institutional investors - directly competing with RCA in CRE intelligence for institutional buyers.

7JLL (Jones Lang LaSalle)
TypeBroad incumbent
Description

Global CRE services firm that is both an RCA customer (ranked #1 in India via MSCI RCA rankings) and an investor in CRE data and technology platforms, offering overlapping intelligence capabilities at a larger scale.

8CBRE Group
TypeBroad incumbent
Description

Largest global CRE services firm with proprietary data, analytics, and research offerings that overlap with RCA's institutional intelligence and benchmarking products.

9Cushman & Wakefield
TypeBroad incumbent
Description

Global CRE services and investment firm producing market research, transaction data, and analytics that compete with RCA's market intelligence and advisor benchmarking products.

10HouseCanary
TypeEmerging player
Description

Residential and commercial real estate valuation and analytics platform using data-driven methodologies; adjacent competitor in the real estate data and analytics category, primarily U.S.-focused.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles6 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds4 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment4 records

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Real Capital Analytics

Commercial Real Estate Data & Analyticsrcanalytics.com

Real Capital Analytics is a commercial real estate data and analytics firm providing transaction intelligence, distressed asset analysis, and investment advisor rankings to institutional real estate investors, advisors, and debt funds. It operates as a wholly owned subsidiary of MSCI Inc. within the Real Assets segment.

What Real Capital Analytics does

Real Capital Analytics, Inc. is a commercial real estate data and analytics firm founded in 2000 and headquartered in New York. It operates as a wholly owned subsidiary of MSCI Inc., acquired in 2021 and integrated within MSCI's Real Assets business segment alongside Investment Property Databank Limited. The firm tracks U.S. commercial real estate transaction volumes, portfolio and entity-level deal activity, distressed asset market share dynamics, and real estate investment advisor rankings across geographies including the United States and India. It delivers market intelligence on CRE liquidity (e.g., May 2026 U.S. CRE volumes of $42 billion, +15% YoY; portfolio/entity-level deals +205% YoY), cycle comparisons (current distressed share at 3% vs. 20% peak post-2008 GFC), and advisor benchmarking (e.g., JLL at 48% India market share on USD 4.3 billion transaction value in 2025).

Its core product is a commercial real estate transaction data and analytics platform providing market intelligence, pricing indices, and investment advisory analytics. Products are delivered via enterprise data feeds, SaaS platforms, client portals, and research publications under the brand "MSCI Real Capital Analytics." Distribution is executed through MSCI's global enterprise sales infrastructure, and the firm benefits from MSCI's 7,100+ client organisations across 100+ countries and presence in 27+ countries. Underlying technology comprises proprietary CRE transaction databases and analytical models supporting market share analysis, distress tracking, and advisor ranking methodologies.

The business model is subscription-based, recurring revenue from enterprise B2B clients, with quote-based annual pricing typical for institutional data providers. Go-to-market is sales-led, targeting institutional real estate investors, real estate investment advisors, and debt funds/private credit investors. Marketing reaches institutional buyers via research publications, the MSCI Research Weekly newsletter, industry events, webinars, and content marketing. Revenue is not disclosed separately; Real Capital Analytics operates within MSCI Inc., which reported FY2025 total operating revenues of approximately US$3.1 billion.

Real Capital Analytics firmographics

Firmographics
Name
Real Capital Analytics
Legal name
Real Capital Analytics, Inc.
Website
https://rcanalytics.com
Company type
Private
Founded year
2000
Operating status
Operating
Headcount range
101–250 employees
Short description
Real Capital Analytics is a commercial real estate data and analytics firm providing transaction intelligence, distressed asset analysis, and investment advisor rankings to institutional real estate investors, advisors, and debt funds. It operates as a wholly owned subsidiary of MSCI Inc. within the Real Assets segment.
Ownership category
akta.pro rank

Real Capital Analytics industry classification

Industry
Product category
Commercial Real Estate Data & Analytics
NAICS
Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940)
SIC
Investment Advice (6282)
akta.pro primary industry
Real Estate Market Research & Economic Advisory (Demand/Supply, Location Analytics) (BPAJANAD)

Keywords

  • Commercial real estate data
  • CRE transaction analytics
  • Real estate market intelligence
  • Property investment data
  • Real estate benchmarks

Where Real Capital Analytics is headquartered

Location

Headquarters

HQ city
New York
HQ country
United States
HQ region
North America

Offices2 records

Markets served

Real Capital Analytics business model

Business model
GTM type
B2B
Offering type
Software
Cost components
Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

  1. Data and Analytics Subscriptions: Real Capital Analytics provides commercial real estate data and analytics to institutional clients via subscription-based data feeds, SaaS platforms, and client portals. MSCI's total operating revenues for FY2025 were approximately US$3.1 billion.

Pricing tiers

ModelBillingPrice
SubscriptionAnnualEnterprise data and analytics subscription

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Real Capital Analytics product offering

Product offering

Core offering

Real Capital Analytics provides commercial real estate transaction data and analytics to institutional clients, tracking U.S. and global CRE deal activity at the portfolio and entity level. Its offerings include transaction volume data, market liquidity indicators, distressed asset analysis, and investment advisory rankings delivered via data feeds, SaaS platforms, client portals, and research publications.

Product overview

Real Capital Analytics operates as a core product within MSCI's Real Assets business segment, providing commercial real estate transaction data and analytics. The platform offers market intelligence including U.S. transaction volume tracking, distress sales analysis, and investment advisory rankings. The product is delivered as part of MSCI's broader real estate data and analytics suite alongside Investment Property Databank (IPD).

Differentiator

Problem solved

Functional benefit

Products and services

  • Real Capital Analytics Commercial real estate transaction data and analytics platform providing market intelligence including U.S. transaction volume tracking, distressed asset market share analysis, and real estate investment advisory rankings. Delivered through Real Capital Analytics, Inc. (USA) and Real Capital Analytics Limited (UK) as part of MSCI's Real Assets business segment for institutional clients such as REITs, investment advisors, and asset managers.

Companies that use Real Capital Analytics

Customer profile

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Real Capital Analytics technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Real Capital Analytics partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Singapore Exchange (SGX)majorStrategic or Co-development PartnerMSCI expanded partnership with Singapore Exchange (SGX) to make MSCI benchmarks more accessible to institutional investors worldwide. MSCI's benchmarks are now more accessible through SGX futures and options products.

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Real Capital Analytics competitors and assessment

Company assessment

Direct peers

  • CoStar Group: Largest commercial real estate data and analytics platform globally, offering property intelligence, analytics, and marketplace services that overlap directly with RCA's CRE transaction data and market intelligence offerings.
  • Altus Group: Provider of commercial real estate data, analytics, and advisory services (including Reonomy), directly competing with RCA in CRE market intelligence and transaction analytics.
  • Yardi Systems: Major CRE software and data platform serving institutional investors and asset managers with property, lease, and analytics solutions that overlap with RCA's institutional CRE data offerings.
  • RealPage: Real estate data, analytics, and software provider across residential and commercial segments, competing in the broader real estate intelligence space and increasingly in CRE analytics.

Emerging players

  • CompStak: Crowdsourced CRE lease and sale comp data platform focused on transaction comparables - a core adjacency to RCA's transaction tracking and pricing intelligence.
  • Cherre: CRE data platform aggregating property, market, and transaction data for institutional investors - directly competing with RCA in CRE intelligence for institutional buyers.
  • HouseCanary: Residential and commercial real estate valuation and analytics platform using data-driven methodologies; adjacent competitor in the real estate data and analytics category, primarily U.S.-focused.

Broad incumbents

  • JLL (Jones Lang LaSalle): Global CRE services firm that is both an RCA customer (ranked #1 in India via MSCI RCA rankings) and an investor in CRE data and technology platforms, offering overlapping intelligence capabilities at a larger scale.
  • CBRE Group: Largest global CRE services firm with proprietary data, analytics, and research offerings that overlap with RCA's institutional intelligence and benchmarking products.
  • Cushman & Wakefield: Global CRE services and investment firm producing market research, transaction data, and analytics that compete with RCA's market intelligence and advisor benchmarking products.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Real Capital Analytics social profiles

Digital presence

Real Capital Analytics financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Real Capital Analytics leadership team

Management profile

Number of profiles

Profiles6 records

Real Capital Analytics funding detail

Funding detail

Funding overview

Funding rounds4 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Real Capital Analytics M&A and investment

M&A and investment

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Real Capital Analytics

What does Real Capital Analytics do?

Real Capital Analytics provides commercial real estate transaction data and analytics to institutional clients, tracking U.S. and global CRE deal activity at the portfolio and entity level. Its offerings include transaction volume data, market liquidity indicators, distressed asset analysis, and investment advisory rankings delivered via data feeds, SaaS platforms, client portals, and research publications.

Is Real Capital Analytics a public or private company?

Real Capital Analytics is a private company. It is classified as corporate owned and is currently operating.

When was Real Capital Analytics founded?

Real Capital Analytics was founded in 2000. It employs 101 to 250 people.

Where is Real Capital Analytics based?

Real Capital Analytics is headquartered in New York, United States, in the North America region.

How does Real Capital Analytics make money?

One revenue line is on record: data and Analytics Subscriptions.

Who are Real Capital Analytics's main competitors?

Direct peers on record are CoStar Group, Altus Group, Yardi Systems and RealPage. Emerging players are CompStak, Cherre and HouseCanary. Broad incumbents are JLL (Jones Lang LaSalle), CBRE Group and Cushman & Wakefield.

Does Real Capital Analytics have an API?

No public API is recorded for Real Capital Analytics.

What industry is Real Capital Analytics in?

Real Capital Analytics's product category is Commercial Real Estate Data & Analytics. Its primary akta.pro industry code is BPAJANAD, Real Estate Market Research & Economic Advisory (Demand/Supply, Location Analytics). Its NAICS code is 52394 and its SIC code is 6282.

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Live signals
Seeking AlphaResilient U.S. Transaction Volumes: +15% YoY In MayReal Capital Analytics data shows U.S. commercial real estate transaction volumes rose 15% year-over-year to $42 billion in May, with portfolio and entity-level deals surging 205% as the primary driver of liquidity. Second quarter-to-date volumes stand at 0.8% YoY, while year-to-date volumes are tracking approximately 20% ahead of the same period last year. The data suggests continued resilience in U.S. commercial real estate market activity despite broader economic uncertainties.Construction WorldJLL Ranked Number One for Real Estate Investment Advisory in IndiaJLL was ranked number one in India for real estate investment advisory by MSCI Real Capital Analytics for 2025, based on advisory involvement in USD 4.3 billion of transaction value and a 48% market share in the country. Key transactions included the Ecoworld acquisition for Rs 131.25 billion, described as India's largest single asset office transaction, and the sale of the LOGOS India industrial portfolio for Rs 16.53 billion. The outlook for India's real estate sector remains positive with expectations of continued institutional investment and increasing adoption of hybrid capital strategies.MSCIDistress Hit Differently in this Cycle and Debt Funds May Be the ReasonMSCI Real Capital Analytics released analysis finding that distressed asset sales in the current commercial real estate downturn represent only 3% of market share as of mid-2025, compared to 20% reached by late 2010 following the 2008 Global Financial Crisis, despite price declines of approximately 10% since 2022. The research attributes this difference to the rise of debt funds and private credit vehicles, which now dominate investor-driven lending and provide mezzanine financing that allows distressed borrowers to delay foreclosures by adding new debt layers to the capital stack. Mezzanine-focused debt funds show consistent declines in capital returns driven by realized and unrealized loan losses, suggesting these positions may be the primary entry point for distressed opportunities in this cycle.HitechdigitalCommercial Real Estate Data Types & Reliable Providers GuideThis article outlines the essential categories of commercial real estate data, including property, market, financial, tenant, and demographic information, along with their strategic applications. It identifies key data sources such as public records, private providers like Real Capital Analytics and MSCI, Multiple Listing Services, and industry associations to support informed decision-making.SpringerLinkThe Dynamics of Liquidity in Commercial Property Markets: Revisiting Supply and Demand Indexes in Real Estate - The Journal of Real Estate Finance and EconomicsThis academic paper presents methodological enhancements to track supply and demand indexes in commercial real estate markets using repeat sales indexing and Bayesian structural time series approaches. The study introduces a Liquidity Metric that identifies pro-cyclical dynamics where price and volume move together, as well as an anomalous dynamic occurring 25% of the time where liquidity declines despite rising prices. Real Capital Analytics is acknowledged for supplying the transaction data used in this analysis.AscendixCommercial Real Estate Data Analytics: Where to Get It?An Ascendix blog post explains how commercial real estate data science and analytics support brokers, investors and facility managers, covering descriptive, diagnostic, predictive and prescriptive analytics types. It cites Environics Analytics, Reonomy and Real Capital Analytics, noting Reonomy's 3,100 assessor integrations and Real Capital's $20 trillion transaction record.Business Wire IndiaMSCI Strengthens Private Asset Capabilities With Acquisition of Real Capital AnalyticsMSCI Inc. has entered into a definitive agreement to acquire Real Capital Analytics for $950 million in cash to expand its commercial real estate data and analytics capabilities. The transaction, expected to close by the end of the third quarter or early fourth quarter of 2021, will integrate RCA's database of over $20 trillion in property transactions into MSCI's existing suite of investment tools.AiThorityMSCI Strengthens Private Asset Capabilities With Acquisition of RCAMSCI Inc. has entered into a definitive agreement to acquire Real Capital Analytics (RCA) for $950 million in cash to expand its commercial real estate data and analytics capabilities. The acquisition leverages RCA’s database of over $20 trillion in transactions to enhance MSCI's offerings for managing investment risk and performance in the global private asset sector. The transaction is expected to close by the end of the third quarter or early fourth quarter of 2021, subject to regulatory approvals.Business InsiderSeattle has dethroned Manhattan as the top US commercial real-estate hotspot for foreign investorsSeattle has overtaken Manhattan as the top US commercial real estate hotspot for foreign investors, per a Real Capital Analytics report. Manhattan's cross-border acquisitions fell nearly 80% to over $2 billion, while Seattle's fell only 11% to over $2.5 billion. Manhattan's median rent dropped to $2,700 in Q1 2021.PR NewswireReal Capital Analytics Announces $115 Million Investment by SusquehannaReal Capital Analytics (RCA), a commercial real estate data and analytics firm, announced it raised $115 million from Susquehanna Growth Equity (SGE) in a Series B equity and debt investment. The transaction, which includes proceeds used to redeem Series A shares from Daily Mail and General Trust plc, is described as the largest ever growth financing for a commercial real estate technology and information business. RCA founder Bob White will continue as CEO and maintain a controlling stake in the company.