SOURCE: Radar Logic, Inc.

March 07, 2008 19:00 ET

Radar Logic and Miller Samuel Defer Pending Acquisition

NEW YORK, NY--(Marketwire - March 7, 2008) - Radar Logic Incorporated and Miller Samuel Inc. today announced that they are deferring their discussions regarding the proposed acquisition of Miller Samuel by Radar Logic.

"We have the utmost respect for Jonathan Miller and Miller Samuel and expect the two firms to continue to cooperate in a number of ways," said Michael Feder, President and CEO of Radar Logic.

"I still believe that RPX is the relevant methodology for the determination of home price values across the country and look forward to the continued relationship with Radar Logic," said Jonathan Miller, President and CEO of Miller Samuel Inc.

About Radar Logic (www.radarlogic.com)

Radar Logic Incorporated, a real estate data and analytics company, calculates and publishes the Radar Logic Daily™ Prices. The prices track housing values for major U.S. metropolitan areas and are the basis of the Residential Property Index™ (RPX™), a market that enables real estate to be traded as a liquid asset, via property derivatives marketed by major financial institutions. RPX allows real estate and financial professionals to manage opportunity and risk, invest in real estate values without owning physical assets and effectively analyze markets using a consistent metric: price per square foot.

About Miller Samuel Inc. (www.millersamuel.com)

Miller Samuel Inc. is a leading residential real estate appraisal and consulting firm based in New York City, co-founded and led by Jonathan J. Miller, CRP since 1986. Miller Samuel appraised in excess of $5 billion worth of residential property in the past year. The firm has a record of innovations in the valuation process within one of the most challenging property markets in the United States.

Contact Information

  • Media Contacts

    Kate Donat
    Marketing Manager
    Radar Logic Incorporated
    (212) 965-0300 x 126
    Email Contact

    Nancy Tamosaitis
    Vorticom, Inc.
    (212) 532-2208
    Email Contact