FARMINGTON HILLS, MI -- (Marketwire) -- 03/12/09 -- XSite Validation, experts in property evaluation and site selection, today announced the release of its web-based XSite Report services which provide comprehensive market viability analysis of commercial real estate properties. The concise and easy-to-read reports generated by XSite's service give banking institutions, retailers, real estate brokers, franchisors, and land developers a new tool to allow them to quickly assess a property's fit for a specific use. XSite Reports help reduce risk, improve valuation, and readily complete first-stage due diligence for commercial real estate investments.

Using the most advanced GIS technologies in conjunction with the real estate industry's most trusted and reliable data providers, XSite Validation's online service can perform a comprehensive market viability analysis of a property for a desired commercial use in minutes for a fraction of cost associated with traditional research methods.

XSite Reports come at a critical time where a quick "go/no-go" assessment of a property or an entire portfolio is essential for both credit and investment decisions. XSite Reports provides two major benefits. The first is in helping financial institutions and real estate firms determine the long-term viability of existing properties. The second benefit is in providing extensive market research almost instantly.

"Due diligence and improved transparency are the best tools to combat the current recession," says Ian Burnstein, Partner at XSite. "The question isn't 'why would banks or real estate companies want to use XSite Reports?' The question is 'why aren't they using a tool that dramatically reduces decision-making time and cost?'

"Companies using XSite Reports can demonstrate to government regulatory agencies, stockholders and customers that they are proactively addressing the entire valuation issues that are plaguing our economy," continues Burnstein. "Going forward, every commercial loan that is originated within a banking institution will need to have something comparable to an XSite Report in the file to justify the loan decision."

At the core of every XSite Report is the XSite Report Index (XRI), a patent-pending objective property evaluation scoring model built around the intended use of a property. XSite's industry-specific and customer-specific XRI models allow for the comparative assessment of many properties for one intended use and can identify the best use of a specific property. The XRI distills thousands of analysis variables and intended use criteria into a simple "go/no-go" decision-making traffic light indicator.

Companies agree that the time is right for XSite Reports:

"XSite's due diligence tools saved our organization a tremendous amount of time and money," says Andrew Milia, President of Franklin Property Corporation.

"We made an educated decision on new branch locations with XSite in a matter of minutes," says Greg Brogan, Chairman of Summit Bank.

"The XRI scoring model will become a standard benchmark in the industry," says Donn Mann of Mann Consulting.

About XSite Validation

XSite Validation, LLC are experts in property development, site selection, and the many information technologies required to successfully evaluate property for a specific use. Their exclusive XSite Report services and XRI(TM) Score provide unique research tools to quickly and inexpensively perform due diligence on commercial properties. Real estate and banking professionals nationwide are making informed real estate investment, development, and financing decisions using XSite Validation. Learn more at http://www.xsitevalidation.com.

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