About CoStar Group

CoStar Group, Inc. provides online real estate marketplaces, information and analytics in the U.S. and U.K. The company owns and operates leading online marketplaces for commercial real estate and apartment listings in the U.S., based on the numbers of unique visitors and site visits per month. The company provides more information, analytics and marketing services; offers the most comprehensive commercial real estate database available; and has the largest commercial real estate research department in the industry. The company has created and compiled a standardized platform of information, analytics and online marketplace services where industry professionals and consumers of commercial real estate, including apartments, and the related business communities, can continuously interact and facilitate transactions by efficiently accessing and exchanging accurate and standardized real estate-related information. The company’s service offerings span all commercial property types, including office, retail, industrial, multifamily, land, mixed-use and hospitality. Through its Homes.com Network and its acquisition of OnTheMarket, the company also offers online platforms that manage workflow and marketing for residential real estate agents and brokers and provide portals for homebuyers to view residential property listings. The company’s standardized platform includes the most comprehensive proprietary database of commercial real estate information in the industry; the largest research department in the commercial real estate industry; proprietary data collection, information management and quality control systems; a large in-house product development team; a broad suite of web-based information, analytics and online marketplace services; a large team of analysts and economists; risk management tools; and a large, diverse base of clients. The company’s database has been developed and enhanced for more than 35 years by a research department that makes daily database updates. In addition to its internal efforts to grow the database, the company has obtained and assimilated a number of proprietary databases. The company’s comprehensive commercial real estate database powers its information services, sources data used in its analytic services and provides content for most of its online marketplace services and its auction platform. The company’s ability to utilize the same commercial real estate information across its standardized platform creates efficiencies in operations and improves data quality for its customers. The company delivers its comprehensive commercial real estate information content to its customers primarily via an integrated solution of online service offerings that includes information about space available for-lease, comparable sales information, information about properties for-sale, tenant information, internet marketing services, risk management tools, analytical capabilities, information for clients’ websites, information about industry professionals and their business relationships, data integration and industry news. The company also operates complementary online marketplaces for commercial and residential real estate listings and apartment rentals, as well as a commercial real estate auction platform. The company strives to cross-sell its services to its customers in order to best suit their needs. The company manages and reports its business geographically in two operating segments, with its primary areas of measurement and decision-making being North America, which includes the U.S. and Canada, and International, which primarily includes Europe, Asia-Pacific and Latin America. Strategy The company’s strategy is to provide real estate industry professionals and consumers with critical knowledge to explore and complete transactions by offering the most comprehensive, timely and standardized information on real estate and the right tools to be able to effectively utilize that information. Over time, the company has expanded, and it continues to expand, its services for real estate information, analytics and online marketplaces in an effort to continue to meet the needs of the industry as it grows and evolves. CoStar’s Comprehensive Database The company is building and acquiring databases of commercial real estate information, which includes information on properties, leasing, sales, comparable sales, tenants and demand statistics, as well as digital images, drone videos and 3-D tours. This highly complex database consists of hundreds of data fields, tracking such categories as location, site and zoning information, building characteristics, space and unit characteristics and availability, tax assessments, true ownership, sales and lease comparables, multi-family rents, vacancies and concessions, space requirements, retail locations, mortgage and deed information, for-sale and for-lease listings, fund data, income and expense histories, tenant names, tenant credit scores, view of company locations, lease expirations, contact information, historical trends, forecasts and demographic information. The database also includes building photographs, aerial photographs and videos, 3-D virtual tours, plat maps and floor plans. CoStar Research Research Department: The company’s research professionals undergo an extensive training program so that it can maintain consistent research methods and processes throughout its research department. The company’s researchers collect and analyze commercial real estate information through phone calls, e-mails and additional research methods including field inspections, public records review, news monitoring, third-party data feeds and user entered content. The company has also set up direct feeds from larger apartment sites, owners and brokers, and have put in place an automated system that compiles information sourced from the internet in order to provide the most up-to-date information. The company’s researchers are responsible for maintaining the accuracy and reliability of its database information, training its clients to use CoStar Group products and handling their customer service questions, creating a one touch approach to customer care. Because of the importance commercial real estate professionals place on its data and the company’s prominent position in the industry, many of these professionals routinely take the initiative and proactively report available space and transactions through its online tool, which it refers to as its Marketing Center, or directly to its researchers. The company’s field research efforts include physical inspections of properties in order to research new availabilities, find additional property inventory, identify new construction, collect tenant information, verify existing information, photograph properties and create high quality videos of interior spaces (including walk-through videos and 3-D virtual tours), amenities and exterior features of properties. The company’s field researchers are equipped with high resolution digital cameras and handheld laser instruments to precisely measure buildings and geo-code and position them on digital maps. A typical site inspection of a commercial property consists of photographing the building, capturing interior images, videos and 3-D tours, measuring the building, geo-coding the building, capturing for-sale or for-leas sign information, counting parking spaces, assessing property condition and construction and gathering tenant information. Field researchers also canvass properties, collecting tenant data suite-by-suite. The company also utilizes a low-flying airplane and a fleet of drones to conduct aerial research of commercial real estate. The company places researchers on the low-flying aircraft to scout new commercial developments and take aerial photographs and videos. The company’s the U.S. drone operators are Federal Aviation Administration certified and trained to capture aerial photographs and videos. The company’s drone operators in the U.K. and Canada are certified and trained to Civil Aviation Authority and Transport Canada standards, respectively, with a permission for commercial operations pending. The company is leveraging its capabilities developed from its extensive commercial real estate research efforts to produce original, media rich content of neighborhoods, schools, parks and condominium buildings' amenities and common areas for its residential products using professional photographers and a fleet of drones to conduct aerial research of residential real estate. Data and Image Providers: The company licenses a small portion of its data and images from public record providers and third-party data sources. Licensing agreements with these entities allow it to use a variety of commercial real estate information, including property ownership, tenant information, demographic information, maps, aerial photographs and 3-D virtual apartment tours of apartment communities, all of which enhance its services. These license agreements generally grant the company a non-exclusive license to use the data and images in the creation and supplementation of its information, analytics and online marketplaces. Management and Quality Control Systems: The company’s research processes include automated and non-automated controls to ensure the integrity of the data collection process. A large number of automated data quality tests check for potential errors, including occupancy date conflicts, available square footage greater than building area, typical floor space greater than building area and expired leases. The company also monitors changes to critical fields of information to ensure all information is kept in compliance with its standard definitions and methodology. The company’s non-automated quality control procedures include: Calling its information sources on recently updated properties to re-verify information; Reviewing recorded or live listen phone calls (in states where applicable) to ensure information was properly sourced and correctly captured; Performing periodic research audits and field checks to determine if it canvassed buildings; Providing training and retraining to the companyss esearch professionals to ensure accurate and standardized data compilation; and Compiling measurable performance metrics for research teams and managers for feedback on data quality. Finally, one of the most important and effective quality control measures the company relies on is feedback provided by the commercial real estate professionals using its data every day. Services The company’s portfolio of information, analytics and online marketplaces is branded and marketed to its customers and marketplace end users under the primary brands of CoStar, LoopNet, Apartments.com, Homes.com, OnTheMarket, Ten-X, STR. Land.com and BizBuySell. The company’s services are accessible via the internet and through its mobile applications. The company’s services are primarily derived from a database of building-specific information and offer customers specialized tools for accessing, analyzing and using its information. Over time, the company has enhanced and expanded, and it expects to continue to enhance and expand, its existing information, analytics and online marketplace services. The company has developed and it expects to continue to develop additional services leveraging its database to meet the needs of its existing customers as well as potentially new categories of customers. The company’s principal information, analytics and online marketplace services are described in the following paragraphs: CoStar CoStar is the company’s subscription-based integrated platform for commercial real estate intelligence, which includes information about office, industrial, retail, multifamily, hospitality and student housing properties, properties for sale, comparable sales, tenants, space available for lease, industry professionals and their business relationships, industry news and market status and provides lease analysis, risk management, and hospitality benchmarking capabilities. CoStar is the company’s largest service offering in its North America and International operating segments and contains the following tools and features. Properties provides a comprehensive inventory of office, industrial, retail, multifamily, hospitality and student housing properties and land. The company also provides for-lease and for-sale listings, historical data, property analytics, building photographs, demographics, maps and floor plans. Commercial real estate professionals use this tool to identify available space for-lease, evaluate leasing and sale opportunities, value assets and position properties in the marketplace. The company’s clients also use this feature to analyze market conditions by calculating current vacancy rates, absorption rates or average rental rates, and forecasting future trends based on user-selected variables with powerful map-based search and reporting capabilities. Leasing provides subscribers with comprehensive data on CoStar researched lease transactions and a software tool to capture, manage and maintain their own user-entered lease data, and provides subscribers the ability to analyze this combined lease dataset from an aggregate analytic perspective and generate various reports. In addition, subscribers can incorporate their own data to perform in-depth lease analyses and share those analyses with other subscribers or non-subscribers. This tool can be used to produce an understandable cash flow analysis as well as key metrics about any proposed or existing lease. It combines financial modeling with CoStar’s comprehensive property information, enabling the subscriber to compare lease alternatives, either from a landlord or tenant perspective. Sales is a robust database of commercial real estate sales transactions and is designed for professionals who need to research property comparables, identify market trends, expedite the appraisal process and support property valuations. This feature offers subscribers numerous fields of property information, access to support documents (e.g., deeds of trust) for new comparables, demographics and the ability to view for-sale properties alongside sold properties plotted on a map, aerial image or in a table format. Tenants is a detailed online business-to-business prospecting and analytics tool. providing commercial real estate professionals with the most comprehensive commercial real estate-related tenant information available in the company’s North American markets. CoStar Tenant profiles tenants occupying space in commercial buildings and provides updates on lease expirations - one of the service’s key features - as well as occupancy levels, growth rates and numerous other facts. This allows users to target prospective clients quickly through a searchable database that identifies only those tenants meeting certain criteria. Market Analytics provides owners, investors, brokers, property managers, lenders, appraisers and other commercial real estate professionals the ability to view and report on aggregated market and submarket trends, including leasing, vacancy, rental rates, construction, investment sales activity and overall economic conditions that affect commercial real estate markets. Market Analytics covers all major real estate sectors including office, industrial, retail, multifamily, hospitality and student housing, and provides quantitatively driven and economist curated forecasts of supply, demand, vacancy and rent at the submarket level, and job growth and asset pricing at the market level. Public Record provides access to a searchable database of commercially-zoned parcels in the U.S. Users can search for property attributes and sales transaction, loan, lien and tax assessment information. Information in this module is sourced from numerous counties and jurisdictions that provide this data for ownership, title and property tax assessment purposes. Benchmarking provides hospitality benchmarking, measuring a hotel’s performance against a self-selected aggregated competitive set. These confidential data reports enable customers to understand their market position based on trends and indices. Reports are provided on a monthly, weekly or daily basis, and provide insights about key metrics such as occupancy, ADR and RevPAR. Benchmarking results are only available to industry participants who provide the company with data. These participants are typically hotel brands, third-party management companies and owners. Lender provides lenders the tools to manage their loan portfolio and risk. These tools automatically connect the user's portfolio to CoStar's research, market analytics and proprietary COMPASS credit default model, as well as their own data sets, to enable portfolio surveillance, concentration risk monitoring, stress testing and expected credit loss modeling and to support loan originations and underwriting. Information Services The company provides real estate and lease management technology solutions, including lease administration, lease accounting and abstraction services, through its CoStar Real Estate Manager service offerings, as well as portfolio and debt analysis, management and reporting capabilities through its CoStar Risk Analytics service offerings. The company also provides benchmarking and analytics for the hospitality industry both on a subscription basis and an ad hoc basis. The company earns revenue on ad hoc transactions as reports or data are delivered to the customer. The company provides information services internationally, through its Business Immo, Belbex and Thomas Daily businesses in France, Spain and Germany, respectively. CoStar Real Estate Manager is a real estate lease administration, portfolio management and lease accounting compliance software solution designed for corporate real estate managers, company executives, financial accounting directors, business unit directors, brokers and project managers. CoStar Real Estate Manager helps users connect real estate initiatives with company strategic goals, streamline portfolio operations, reduce occupancy costs with analytics that track location performance against targets and maximize location performance through proactive portfolio management. Additionally, the software is used to help companies manage their lease accounting compliance and reporting requirements. CoStar Risk Analytics is a trusted partner to many of the largest commercial real estate lenders and CMBS market participants, providing timely data, advanced analytics, time-proven models and extensive experience to support regulatory examinations, risk management and strategic decision making. CoStar Risk Analytics' COMPASS credit default model has been used by commercial real estate lenders, CMBS participants and regulators for over 15 years to estimate required loss reserves, stress test portfolios, generate risk ratings, calculate capital adequacy, underwrite loans, target lending opportunities and price CMBS bonds. The company’s clients rely on CoStar Risk Analytics for model validations and reporting to support regulatory examinations. Additionally, CoStar Risk Analytics solutions connect client loan and CMBS loan portfolios to CoStar’s industry-leading commercial real estate data, research, analytics and the COMPASS credit model, updated daily, for more informed decision making, portfolio strategy and surveillance. Clients of CoStar Risk Analytics solutions include many of the largest banks, life insurance companies, asset managers, hedge funds, government agencies and regulators. Multifamily Apartments.com, the flagship brand of the company’s network of apartment marketing sites, provides a variety of ad packages and enhancements that allow property managers and owners to fully showcase their apartment community through increased exposure and interactions that allow renters to view, engage and connect with the community. Apartments.com also provides tools to facilitate the rental process, including online tenant applications with background and credit checks and rental payment processing. The Apartments.com Network consists of numerous other apartment marketing sites, including: ApartmentFinder provides lead generation, advertising and internet marketing solutions to property managers and owners through its main site, ApartmentFinder.com. ForRent.com provides digital advertising through a network of four multifamily websites, which includes ForRent.com, AFTER55.com, CorporateHousing.com and ForRentUniversity.com. ApartmentHomeLiving.com provides renters with another national online apartment rental resource that showcases apartments for rent with official prices, pictures, floor plans and detailed information on each apartment. Apartamentos.com provides Spanish speaking renters with an online apartment rentals resource offered exclusively in Spanish, with the same primary features found on Apartments.com. WestsideRentals.com specializes in Southern California real estate rentals. Off Campus Partners provides student housing marketplace content and technology to U.S. universities, simplifying the off-campus housing search process for universities, property managers and students. The company’s apartment marketing network of subscription-based advertising services provides property owners, professional property management companies and landlords with a comprehensive advertising destination for their available rental units and offers renters a platform for searching for available rentals. The company’s apartment marketing network draws on and leverages its multifamily database, which contains detailed information on apartment properties and is designed to meet renter preferences and demands, in order to drive traffic to those sites and attract advertisers who prefer to advertise on heavily trafficked apartment websites. The company’s network of apartment marketing sites provides a comprehensive selection of rentals, information on actual availabilities and rents and in-depth data on neighborhoods, including restaurants, nightlife, history, schools and other facts important to renters. To help renters find the information that meets their needs, the company’s sites also offer innovative search tools, such as the Polygon Search tool, which allow renters to specifically define the area in which they want to find an apartment and Plan Commute tools, which allow renters to search property listings that meet their transportation needs. The company also offers complementary services to the rental industry, including the ability for renters to apply for rentals online and for landlords to receive applications, screen tenants and process rental payments and lease renewals. LoopNet LoopNet is the flagship brand in the company’s network of commercial real estate marketing sites, which also includes LoopNet.co.uk, CityFeet.com and Showcase.com. The company’s LoopNet online marketplace enables commercial property owners, landlords and real estate brokers working on their behalf to advertise properties for-sale or for-lease and to submit detailed information about property listings. Commercial real estate brokers, buyers and tenants use LoopNet extensively to search for available property listings that meet their criteria. LoopNet offers unique, subscription-based advertising solutions for different segments within the industry and delivers value across its constituent networks. The LoopNet network leverages CoStar Group’s commercial real estate database to provide in-depth and accurate information across all commercial property types, including office, industrial, retail, multifamily, specialty, healthcare, hospitality, sports and entertainment, land and residential. Investors and tenants are also able to consume industry news developed by its in-house editorial team. LoopNet Premium Lister is designed for commercial real estate professionals and other customers who seek the broadest possible exposure for their listings, access to leads lists and advanced marketing and searching tools. LoopNet Premium Lister provides subscribers with the ability to market their listings to all LoopNet.com visitors, as well as numerous other features. LoopNet Premium Lister is available for a quarterly or annual subscription. LoopNet Diamond, Platinum and Gold Ads are designed for commercial real estate professionals and other customers who seek the broadest possible exposure for their listings, access to leads lists and advanced marketing and searching tools. These LoopNet Ads provide subscribers with full access to the company’s LoopNet network as well as retargeting across a network of prominent sites, including the Wall Street Journal, Forbes and Bloomberg. LoopNet Ads are available for a six-month or annual subscription. The company’s international subscription-based online marketplaces are Loopnet.co.uk in the U.K., BureauxLocaux in France and Belbex.com in Spain. These marketplaces provide listings of commercial properties for rent and for sale ranging from traditional offices, serviced offices, co-working spaces, hot-desks, retail locations, industrial units, leisure, hotels and warehousing. Residential The company’s Homes.com Network and the acquisition of OnTheMarket have enabled it to expand its offerings to the residential for sale market. Homes.com is a homes for sale listings site that combines its proprietary research with listing information to allow homebuyers an informative and collaborative experience finding homes for sale or lease. Homes.com provides residential real estate professionals subscription-based access to applications that manage residential real estate agent workflow and receives transaction-based revenue for marketing campaigns delivered on third-party platforms. In February 2024, the company began selling memberships that allow agents to connect with prospective homebuyers sourced from the agent's own listings. OnTheMarket is a property portal in the U.K. which primarily offers subscriptions-based advertising services to agents. Other Marketplaces Ten-X operates an online auction platform for commercial real estate. The company’s platform provides brokers, sellers, and buyers access to data-driven technology and marketing tools to expand market visibility and decrease time to close. The platform allows brokers and sellers to onboard assets, evaluate the results of complimentary marketing campaigns and follow up on pre-qualified leads. Buyers can search for properties that meet their investment goals and are given access to market analysis and due diligence documents. Land.com is the flagship brand in the company’s network of marketplaces for rural lands for-sale sites, which also includes LandsofAmerica, LandAndFarm and LandWatch. Sellers pay a fee to list their land for-sale, and interested buyers can search the respective sites' listings. BizBuySell is the flagship brand in the company’s network of marketplaces for operating businesses and franchises for-sale, which also includes BizQuest and FindaFranchise. Business sellers pay a fee to list their operating businesses for-sale, and interested buyers can search the respective sites' listings for free. The BizBuySell, BizQuest and FindaFranchise Franchise Directories allow interested business buyers to search hundreds of franchise opportunities, and franchisors can list their availabilities in the directory on a cost per lead basis. The company also provides other services that complement those offered by its primary brands. These include real estate and lease management technology solutions, lease administration, transaction and project management and lease accounting, through its CoStar Real Estate Manager service offerings; market research, consulting and analysis, portfolio and debt analysis and management and reporting capabilities through its CoStar Investment Analysis and CoStar Risk Analytics service offerings; and benchmarking and analytics for the hospitality industry through its STR offerings. The company’s services are typically distributed to its clients under subscription-based license agreements that typically renew automatically, a majority of which have a term of at least one year. Upon renewal, many of the subscription contract rates may change in accordance with contract provisions or as a result of contract renegotiations. To encourage clients to use its services regularly, the company generally charges a fixed monthly amount for its subscription-based services rather than charging fees based on actual platform usage or number of paid clicks. Depending on the type of service, contract rates are generally based on the number of sites, number of users, organization size, the client's business focus, the client's geographic location, the number and types of services to which a client subscribes, the number of properties a client advertises and the prominence and placement of a client's advertised properties in the search results. The company’s subscription clients generally pay contract fees on a monthly basis, but in some cases may pay it on a quarterly or annual basis. The company’s transaction-based services primarily consist of auction fees from its Ten-X online auction platform for commercial real estate, which are generally calculated as a percentage of the final sales price for the commercial real estate property sold and recognized as revenue upon the successful closure of an auction. The company generally sees higher sales of Apartments.com listing services during the peak summer rental season and higher CoStar sales towards the end of the year (year ended December 31, 2023). Clients The company draws clients from across the real estate and related business community, including real estate brokers, agents, owners, developers, landlords, property managers, financial institutions, retailers, vendors, appraisers, investment banks, government agencies and other parties involved in real estate. Sales and Marketing The company’s overall sales strategy is to provide optimal service to its existing customers, attract new clients and cross-sell the numerous solutions it offers. The company’s sales teams sell multiple products and are primarily located in field sales offices throughout the U.S., with others in Canada, the U.K., Spain, France and Germany. The company’s inside sales teams are largely based in Washington, DC and Richmond, Virginia. The company’s inside sales professionals actively work lead lists, prospect for new customers and perform in-person and virtual product demonstrations to convey the multiple solutions it offers. The company’s local offices typically support field sales and field research operations within the markets in which they operate. This enables the company’s clients to benefit from a local presence. The company’s field sales force has the primary front-line responsibility for customer service, ensuring client satisfaction and building long-term relationships. The company’s local offices act as hubs for training, sources of market insight, product feedback sessions and connecting industry participants. The company actively manages client accounts with frequent meetings, product trainings and updates on new enhancements to its solutions. In 2023, the company successfully implemented a number of important sales initiatives focused on selling its products to brokers, property owners and lenders in the U.S. This focus will continue in 2024. The company’s primary marketing methods include in person and virtual service demonstrations; targeted paid digital marketing; retargeting and social media marketing; direct marketing, such as email; communication via its corporate website, campaign-specific websites and news services; participation in virtual trade shows and industry events; Company-sponsored events; client referrals; content marketing including webinars, seminars and white papers and other product-specific company newsletters distributed via email to its clients and prospects. Comprehensive digital marketing and direct marketing are effective means for the company to find prospective clients. The company’s digital marketing efforts include SEO, targeted paid advertising with major search engines, social media and display advertising on commercial real estate industry news and business websites and mobile applications and its direct marketing efforts include television, radio, out-of-home ads, direct mail and email and, when applicable, make extensive use of its unique, proprietary database. Once the company has identified a prospective client, its most effective sales method is a service demonstration. The company uses various forms of integrated marketing and advertising to build brand awareness, brand identity and reinforce the value and benefits of its services. The company also sponsors and attends local in person and virtual association activities and events, including events for commercial real estate brokers, residential real estate agents, property owners, investors and retail and financial services institutions, and attend or exhibit at virtual industry trade shows and conferences to reinforce its relationships with its core user groups. To generate brand awareness and site traffic for the Apartments.com network of rental websites, the company utilizes a multi-channel marketing campaign featuring television and radio ads, online and digital advertising impressions, streaming audio and podcasts, social media, email, public relations and news articles, out-of-home and paid search marketing, all of which are reinforced with substantial SEO efforts. The company plans to continue to utilize these marketing methods to generate brand awareness and site traffic for the Apartments.com Network and have implemented similar marketing strategies for LoopNet and Ten-X. To generate brand awareness and site traffic for its residential products, it utilizes digital advertising impressions, social media and paid search marketing, all of which are reinforced with SEO efforts. The company will continue to work to determine the optimal level of marketing investment for each of these services for future periods. To encourage clients to use its services regularly, the company generally charges a fixed monthly amount for its subscription-based information services rather than fees based on actual system usage. Contract rates for subscription-based services are generally based on the number of sites, number of users, organization size, the client’s business focus, geography and the range of subscription services. The company’s marketing solutions are priced by exposure levels, the number of properties/spaces for-lease, rent or sale and the market in which they are offered. Listings for customers who purchase packages with the highest level of exposure usually appear first in search results and offer the richest media content and engagement opportunities for tenants searching for space, renters looking for an apartment or investors seeking an opportunity. The company’s subscription clients generally pay contract fees on a monthly basis. Acquisitions The company acquired OnTheMarket in December 2023. Competition The company competes directly and indirectly for customers with the following categories of companies: Online marketing services, internet listing services, mobile software applications or data exchanges targeted to commercial real estate brokers, buyers and sellers of commercial real estate properties, insurance companies, mortgage brokers and lenders, such as Reed Business Information Limited and its Estates Gazette and Radius Data Exchange products, SquareFoot, officespace.com, Brevitas, Catylist & Commercial Exchange (part of Moody's), Altus Group & Commercial Property Search (part of Reonomy), Digsy, Quantum Listing, RealNex MarketPlace, Rofo, CIMLS, CompStak, Rightmove, Yardi (CommercialEdge), CREXi, TotalCommercial.com, DebtX, Real Capital Markets, VTS, TenantBase and Spacelist; Publishers and distributors of information, analytics and marketing services, including regional providers and national print publications, such as CBRE Economic Advisors, Marshall & Swift, REIS Network (part of Moody's), Real Capital Analytics, Real Capital Markets, Reonomy, Yardi Matrix, RealPage and its Axiometrics business, Altus Insight and Altus RealNet (Canada); Search engines, internet listing services and mobile software applications featuring apartments for rent, such as Google, Bing, Facebook Marketplace, ApartmentGuide.com, Rent.com, Rentals.com, Zillow Rentals, Trulia Rentals, StreetEasy, HotPads.com, MyNewPlace.com, Zumper, Craigslist, ApartmentList.com, Move.com, Realtor.com, RentCafe.com, RentHop, RentBerry, ApartmentRatings, Nooklyn, Home Finder and Rentable; Search engines, internet listing services and mobile software applications featuring homes for sale, such as Google, Bing, Facebook Marketplace, Zillow, Trulia, Redfin, Realtor.com, Move.com, Craigslist, RealtyTrac, MLS.com, Home Finder, For Sale by Owner, Auction.com, Rightmove and Zoopla, as well as agent marketing platforms and workflow providers; Hospitality benchmarking and analytics services, such as Lodging Econometrics, Kalibri Labs, Amadeus, HotStats, Shiji Group (SnapShot), Benchmarking Alliance and Lodging Analytics Research & Consulting (LARC); Online and mobile software application providers in the residential real estate industry, including Zillow, Redfin, Realtor.com and Rocket Mortgage, as well as agent marketing platforms and workflow providers; In the commercial real estate market, locally controlled real estate boards, exchanges or associations sponsoring commercial property listing services and the companies with whom they partner, such as Catylist, the National Association of Realtors, CCIM Institute, Society of Industrial and Office Realtors, the Commercial Association of Realtors Data Services and AIR CRE; Real estate portfolio management software solutions, such as Cougar Software, MRI Software, Altus, RealPage, AppFolio and SiteCompli; Real estate lease management and administration software solutions, such as Accruent, Tririga, Manhattan Software, Tango Analytics, Lease Accelerator, Visual Lease, Sequnetra, Lease Harbor and AMT Direct; and Commercial real estate auction platforms such as CREXi, Marketplace, by RealINSIGHT and RCM Lightbox. Proprietary Rights The company maintains the U.S. and international trademark registrations for CoStar Group’s core service names and proactively file U.S. and international trademark applications covering its new and planned service names. The company owns the U.S. federally registered trademarks for its brands and services including CoStar, CoStar Property, CoStar COMPS, CoStar Lease Analysis, LoopNet, Showcase.com, CityFeet.com, Apartments.com, Homes.com, Land.com, and Ten-X, among many others. In the U.S., trademarks are generally valid so long as they are in use and are capable of indicating CoStar Group as the source of services. In addition, the company maintains a patent portfolio that protects certain of its systems and methodologies. The company has six patents in Canada, which expire in 2033 (1 patent), 2035 (2 patents) and 2036 (3 patents), covering, among other things, certain features of its field research methodologies and user interface features, and 12 patents in the U.S. which expire in, 2025 (1 patent), 2032 (2 patents), 2036 (4 patents), 2037 (4 patents) and 2038 (1 patent), covering, among other things, certain features of its field research methodologies and user interface feature. History CoStar Group, Inc., a Delaware corporation, was founded in 1987. The company was incorporated in 1998.

Country
Industry:
Computer programming, data processing, and other computer related services
Founded:
1987
IPO Date:
07/01/1998
ISIN Number:
I_US22160N1090
Address:
1331 L Street, NW, Washington, District Of Columbia, 20005, United States
Phone Number
202 346 6500

Key Executives

CEO:
Florance, Andrew
CFO
Wheeler, Scott
COO:
Ruggles, Lisa