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

Senior Vice President & Chief Digital Officer, Apartments

Senior Vice President, Global Analytics, Research & News

Senior Vice President, Costar Products

Vice President, Finance

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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
Details Hidden

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. issued USD Common Stock

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

Transaction Advisors
Legal Advisor

Advised onCoStar Group, Inc. issued USD Common Stock

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

Professional

Advised onCoStar Group, Inc. issued USD Common Stock

Associate

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

Advisors & Consultants
Legal Advisor

Partner at Simpson Thacher & Bartlett LLP

Legal Advisor

Of Counsel 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.

CBRE Group, Inc. engages in the provision of commercial real estate and investment services. It operates through the following segments: Advisory Services, Global Workplace Solutions and Real Estate Investments. The Advisory Services Segment provides a comprehensive range of services globally, including property leasing, capital markets (property sales and mortgage origination, sales and servicing), property management, project management services and valuation services. The Global Workplace Solutions Segment provides a broad suite of integrated, contractually-based outsourcing services globally for occupiers of real estate, including facilities management, project management and transaction services (leasing and sales). The Real Estate Investments Segment comprises of investment management services provided globally, development services in the United States and United Kingdom and a service designed to help property occupiers and owners meet the growing demand for flexible office space solutions on a global basis. The company was founded by Colbert Coldwell in 1906 and is headquartered in Los Angeles, CA.

Key Stats and Financials As of 2019
Market Capitalization
$34.9B
Total Enterprise Value
$21B
Earnings Per Share
$8.6
Three Year Compounded Annual Growth Rate Of Revenue
18.67%
EBITDA
$467M
Enterprise Value EBITDAOperating
44.59x
EBITDAMargin
33.4%
Total Equity
$3.4B
Total Debt
$150M
Net Profit
$315M
Revenue
$1.4B
Debt TEV
0.01x
TEVNet Income
66.66x
Enterprise Value / Sales
15x
Non-Profit Donations & Grants
$10K - $25K
2018
$1,000 - $2,499
2018
Investments
Details Hidden

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
Details Hidden

Founding Partner at Episode 1 Ventures LLP

Details Hidden

Founding Partner at Episode 1 Ventures LLP

Details Hidden

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.

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.

International Business Machines Corporation IT Consulting & Services - Armonk, NY

The International Business Machines Corporation (IBM) is an American multinational technology and consulting corporation, with headquarters in Armonk, New York, United States. IBM manufactures and markets computer hardware and software, and offers infrastructure, hosting and consulting services in areas ranging from mainframe computers to nanotechnology.

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