CoStar Group, Inc.

CoStar Group, Inc.

CoStar Group, Inc.

Overview
Date Founded

1998

Type of Company

Public

Employees (Worldwide)

4,337

Industries

Internet Software & Services
Advertising & Marketing
Investment Services & Portfolio Management
Real Estate
Investment Banking & Brokerage
Market & Policy Research
IT Consulting & Services

Company Description

CoStar Group, Inc. provides commercial real estate information, analytics, and online marketplaces to the commercial real estate and related business communities. The firm’s suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values and market conditions. Its brands include CoStar, which is the largest provider of CRE research and real-time data; LoopNet, which is the most heavily trafficked mobile and online real estate marketplace; Apartments.com, which is the rental home resource for renters, property managers and owners; STR, which provides performance benchmarking and comparative analytics to the hotel industry; BizBuySell, which is the online marketplace for businesses-for-sales; and Lands of America, which is the operator of online marketplaces for rural real estate. The company was founded by Andrew C. Florance and Michael R. Klein in 1987 and is headquartered in Washington, DC.

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Executives & Employees

Co-Founder

Chief Financial Officer & Chief Accounting Officer

General Counsel & Secretary

Chief Technology Officer

Chief Human Resources Officer

General Manager, Costar Brokerage Applications

Executive Vice President, Sales

Senior Vice President & Chief Digital Officer, Apartments

Senior Vice President, Global Analytics, Research & News

Senior Vice President, Costar Products

Board of Directors

Co-Founder at CoStar Group, Inc.

President & Chief Executive Officer at Hilton Worldwide Holdings, Inc.

Chief Executive Officer at JHill Group LLC

Secretary at Turner Sports, Inc.

Co-Founder at CoStar Group, Inc.

Former Regulation Affairs & Public Policy Leader at PricewaterhouseCoopers LLP

President at JBG/Fund VIII Trust

Chief Executive Officer at OptumInsight, Inc.

Paths to CoStar Group, Inc.
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CoStar Group, Inc.
Owners & Shareholders
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BAMCO’s investment strategy is to invest in growth businesses for capital appreciation potential. Each portfolio manager’s ability to choose appropriate investments for an account has a significant impact on their ability to achieve an account’s investment objective. The firm’s investment professionals are focused on fundamental analyses of businesses. Their primary objective is to understand the key drivers of growth and profitability of each company in which they invest. They analyze the following financial information: income statement, cash flow statement, balance sheet, turnover and ROE metrics, unit economics, and other company-specific data. This information is filtered through their valuation models, which they use to extrapolate long-term trends. They have meetings with the management which is a critical element of the firm’s research process.

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JCM seeks to add value versus benchmarks by actively pursuing alpha generation through their own intensive fundamental research for their fundamental investment strategies. They look for companies possessing the firm’s key investment criteria through proprietary research that emphasizes contact with a company’s management team, competitors, suppliers and consumers, as well as in-depth and ongoing financial modeling. Holdings are generally selected one at a time with all other factors (industry, sector, country and cash allocations) being a residual of the investment process. JCM favors businesses that their research reveals have sustainable, above-average earnings growth potential and outstanding free cash flow generation, recurring revenue, profit margins and return on invested capital for their equity strategies. To build a mosaic of information in an effort to identify macro trends and inform allocations across fixed income sectors, the firm uses fundamental credit research.

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Franklin Advisers’ accounts utilize various investment strategies including, but not limited to, equity, fixed income, core, hybrid, and multi-asset strategies. Their investment management services incorporate fundamental investment research and valuation analyses, including original economic, political, industry and company research, and analyses of suppliers, customers and competitors. The sources they use for their company research include company public records and other publicly available information, management interviews, company-prepared information, and company visits and inspections. Franklin Advisers’ investment strategies include US and global fixed income; franklin core and hybrid; franklin dividend growth; franklin US growth equity; franklin sector strategies; and multi-asset strategies.

Recent Transactions
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CoStar Group, Inc. purchases Ten-X LLC from Thomas H. Lee Partners LP, Stone Point Capital LLC, CapitalG

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CoStar Group, Inc. purchases RentPath LLC from TPG Capital, LP, Providence Equity Partners LLC

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CoStar Group, Inc. purchases STR, Inc. - Tennessee

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onCoStar Group, Inc., CoStar Ltd. purchase Property Investment Exchange Ltd. from PrimePitch Ltd

Accountant

Advised onCoStar Group, Inc. purchases Comps.com, Inc.

Underwriter

Advised onCoStar Group, Inc. issued USD Common Stock

Legal Advisor

Advised onCoStar Group, Inc. purchases Ten-X LLC from Thomas H. Lee Partners LP, Stone Point Capital LLC, CapitalG

Associate

Advised onCoStar Group, Inc. purchases STR, Inc. - Tennessee

Associate

Advised onCoStar Group, Inc. purchases Ten-X LLC from Thomas H. Lee Partners LP, Stone Point Capital LLC, CapitalG

Advisors & Consultants
Legal Advisor

Of Counsel at Simpson Thacher & Bartlett LLP

Legal Advisor

Partner at Simpson Thacher & Bartlett LLP

Legal Advisor

Partner at White & Case LLP

Clients

Marcus & Millichap, Inc. engages in the provision of investment real estate brokerage services. It specializes in commercial real estate investment sales, property financing, research, and advisory services. The company was founded by George M. Marcus and William A. Millichap in 1971 and is headquartered in Calabasas, CA.

Deutsche Bank AG engages in the provision of corporate banking and investment services. It operates through the following segments: Corporate Bank, Investment Bank, Private Bank, Asset Management, Capital Release Unit, and Corporate and Other. The Corporate Bank segment includes the global transaction bank as well as the German commercial clients division. The Investment Bank segment consists of origination and advisory businesses as well as fixed income currency sales and trading. The Private Bank segment comprises the Private Bank Germany, private and commercial business international, and wealth management business units. The Asset Management segment provides investment solutions to individual investors and institutions through the DWS brand. The Capital Release Unit segment covers the equities sales and trading business. The Corporate and Other segment includes revenues, costs, and resources that are held centrally. The company was founded by Adelbert Delbrück on March 10, 1870 and is headquartered in Frankfurt, Germany.

Resources Connection We serve business from the inside. Partnering with client teams, we solve problems, implement initiatives and help drive change through all levels of businesses all over the world. Traditional consulting firms hire right out of school. We employ seasoned professionals so they can start adding value as soon as they begin an engagement. Our professionals are experienced problem solvers with 15-20 years experience in fields including finance and accounting, human capital, information management, internal audit, legal and supply chain. From 75 offices in North America, Europe and Asia Pacific, RGP serves 1,900 clients in 70 countries. We're a pioneering professional services firm, a global community with a new approach to consulting - from the inside out.

Key Stats and Financials As of 2019
Market Capitalization
$34.2B
Total Enterprise Value
$21B
Earnings Per Share
$8.6
Revenue
$1.4B
Net Profit
$315M
EBITDA
$467M
EBITDAMargin
33.4%
Total Debt
$150M
Total Equity
$3.4B
Enterprise Value / Sales
15x
Enterprise Value EBITDAOperating
44.59x
TEVNet Income
66.66x
Debt TEV
0.01x
Three Year Compounded Annual Growth Rate Of Revenue
18.67%
Non-Profit Donations & Grants
$10K - $25K
2018
$1,000 - $2,499
2018
Investments
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Rentlytics, Inc. provides applications for managing and analyzing real estate properties. The company was founded by Justin R. Alanis and Philip Plante in 2012 and is headquartered in San Francisco, CA.

Investors
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Founding Partner at Episode 1 Ventures LLP

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Founding Partner at Episode 1 Ventures LLP

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Co-Founder at Young Associates Ltd.

Suppliers
Microsoft Corporation Computer Software | Redmond, WA

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform. The Intelligent Cloud segment refers to the public, private, and hybrid serve products and cloud services of the company which can power modern business. The More Personal Computing segment encompasses products and services geared towards the interests of end users, developers, and IT professionals across all devices. The firm also offers operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games; personal computers, tablets; gaming and entertainment consoles; other intelligent devices; and related accessories. The company was founded by Paul Gardner Allen and William Henry Gates III in 1975 and is headquartered in Redmond, WA.

Alphabet, Inc. Internet Software & Services | Mountain View, CA

Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube. The Other Bets segment consists of businesses such as Access, Calico, CapitalG, GV, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

Oxford Economics Ltd. Market & Policy Research | Oxford, United Kingdom

Oxford Economics Ltd., a subsidiary of Oxford Economics Group Ltd., is a British company located in Oxford. The firm provides investment research. It was founded in 1981. Adrian John Cooper is the CEO, in this role since 1994.The company says this about itself: Oxford Economics is a leader in global forecasting and quantitative analysis. Our worldwide client base comprises more than 1,500 international corporations, financial institutions, government organisations, and universities. Headquartered in Oxford, with offices around the world, we employ 300 people, including 200 economists and analysts. Our best-of-class global economic and industry models and analytical tools give us an unmatched ability to forecast external market trends and assess their economic, social and business impact.

Competitors
Intuit, Inc. Computer Software - Mountain View, CA

Intuit, Inc. engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed; Consumer; and Strategic Partner. The Small Business and Self-Employed segment offers QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses. The Consumer segment includes do-it-yourself and assisted TurboTax income tax preparation products and services. The Strategic Partner segment comprises professional tax offerings, which include Lacerte, ProSeries, ProFile, and ProConnect Tax Online among professional accountants. The company was founded by Scott D. Cook and Thomas A. Proulx in March 1983 and is headquartered in Mountain View, CA.

Moody's Corp. Accounting & Financial Services - New York, NY

Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody's Corporation (NYSE: MCO) is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The Corporation, which reported revenue of $2.3 billion in 2011, employs approximately 6,700 people worldwide and maintains a presence in 28 countries. Further information is available at www.moodys.com

Equity Residential Trusts & Funds - Chicago, IL

Equity Residential operates as a real estate investment trust. It engages in the acquisition, development, and management of rental apartment properties, which includes the generation of rental and other related income through the leasing of apartment units to residents. The company was founded by Robert H. Lurie and Sam Zell in March 1993 and is headquartered in Chicago, IL.

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