About RERC
Founded in 1931, Real Estate Research Corporation (RERC) was the first corporation in America that dealt specifically with real estate research and analysis. Although RERC has expanded its capabilities to include a number of other services, research—in its purest form and as defined above—is the driving philosophy behind all that RERC is and does.
RERC’s ongoing relationships with many of the industry’s leading players provide RERC with unique insight into the major activities, events, and issues affecting commercial real estate. By conducting regular quarterly and specialty surveys among these players, RERC is able to offer the industry its independent view, which is so necessary in today’s investment world.
Today, more than 75 years after the firm began, research remains the predominant thread woven throughout all of RERC’s services, and we are proud to share that research with investors, funds, appraisers, and other professionals through our specialty research or our standardized research:
- The quarterly RERC Real Estate Report offers various investment criteria including required going-in and terminal capitalization rates, pre-tax yield rates, and other data for 10 property types on a national and regional level, as well as for 48 major metropolitan markets.
- The RERC/CCIM Investment Trends Quarterly is published in association with the CCIM Institute and sponsored by the REALTORS© Commercial Alliance, and includes transaction-based capitalization rate averages, sales volume, and average sale prices for the national market, regional markets, and 48 metropolitan markets.
- Annual forecasts and outlook reports produced by RERC, including Expectations and Market Realities in Real Estate (2008, 2007, 2006, 2005, 2004), RERC Industry Outlook (2003, 2002), and Emerging Trends in Real Estate (1998 - 1979).
- The RERC DataCenter™ offers electronic access to several multi-capability levels of current and historical RERC data, quick access to key economic data, and querying and charting capabilities.
Leadership
Kenneth P. Riggs, Jr.
CEO & President
Kenneth P. Riggs, Jr. has served as chief executive officer of Real Estate Research Corporation (RERC) since 1991. He is well-recognized for bringing sophisticated and solid research to the real estate industry. He publishes the quarterly RERC Real Estate Report and the RERC/CCIM Investment Trends Quarterly, and co-produced Emerging Trends in Real Estate, the RERC Industry Outlook, and Expectations & Market Realities in Real Estate, some of the nation's leading annual forecast reports.
Named as one of "Real Estate's 25 Most Influential Thought Leaders" by the National Association of REALTORS®, Mr. Riggs has served as a featured speaker for the National Association of REALTORS®, Pension Real Estate Association, Association of Foreign Real Estate Investors, Institute of Real Estate Management, the CCIM Institute, The Counselors of Real Estate, and many other respected national organizations. He has had numerous articles published and has been quoted in many publications, including The Wall Street Journal, Bloomberg News, Barron's, Mortgage Banking, Real Estate Forum, Real Estate Issues, Real Estate Portfolio, among others. Mr. Riggs earned his master's degree in business administration from the University of Chicago, concentrating on finance/statistics, and his bachelor's degree in business administration in real estate and finance from Kent State University.