Situs (company)

Situs is a multinational company that provides strategic business solutions for the finance and commercial real estate industries. It is a subsidiary of Stone Point Capital. The company is based in Houston, United States with additional offices in U.S.A, Europe and Asia.

History

In 1931, after the Great Depression James C. Downs, Jr. formed Real Estate Research Corporation (RERC) in Houston, USA. In 1973, RERC published a Real Estate Report, a critical economic and real estate newsletter for the government, businesses, and investors. In 1985, Situs was founded by RERC to provide services outside the Houston area. In 2004, Situs opened an office in London, United Kingdom and in Frankfurt, Germany in 2008. Its Denmark office was founded in 2011. In the same year the company was acquired by Helios AMC, a joint venture between Ranier Partners and Deutsche Bank. In 2012, they acquired the Loan Servicing and Asset Management Business of Deutsche Bank. Situs acquired RERC in 2014 and renamed to Situs RERC. The company was acquired in 2015 by Stone Point Capital.

Overview

Situs provides evaluation, optimization and management services for real estate assets and securities. The company provides end-to-end commercial real estate and loan advisory services. They provide customized services to investors, financial institutions and developers including business solutions for the Financial Services Industry.

Steven J. Powel is the Chief Executive Officer and founding member of Situs. At present, Nick Rudenstine is the President and COO of the company; and Kenneth Riggs, Jr is the President of Situs RERC. The company is headquartered in Houston, Texas, United States.