CoStar Group is a leading provider of commercial real estate information and analytics. CoStar Group’s core business can help create sustainable cities and communities. The firm offers a database and research that provide tenants, property developers, urban planners, and lenders easy access to—and transparent information about—commercial real estate properties. Empowering all parties with that access and information helps make safe, resilient, and sustainable cities possible.
With many of its portals, like Apartments.com, available to the public as free search tools, the company also supports the goal of inclusiveness. The company aims to provide real estate industry professionals and consumers with critical knowledge to explore and complete transactions. It does so by supplying comprehensive, timely, and standardized information on real estate, along with tools to support effective use of that information.
CoStar Group provides a comprehensive commercial real estate database that draws on the insights of a large research department in the industry. The firm also owns the leading online marketplaces for commercial real estate and apartment listings (based on unique site visits per month).
The company has standardized much of the real estate information people previously had to search through multiple sources to find. That standardization has made it easier for industry professionals and consumers of real estate to interact and conduct transactions. The company serves all commercial property types—office industrial, multifamily, commercial land, mixed-use, and hospitality.
The information available to commercial property owners and investors includes details on spaces available for lease, comparable sales, properties for sale, and tenant information. Through CoStar’s LoopNet online marketplace, commercial property owners, landlords, and brokers can advertise properties for sale or lease and submit details about property listings. Commercial real estate agents, buyers, investors, and tenants use LoopNet to search for available property listings that meet their criteria.
The firm’s researchers collect and analyze information through phone calls, emails and internet updates, public records review, news monitoring and third-party data feeds, and in-field inspections of properties. Clients of the services include sales and leasing brokers, property owners and managers, real estate developers, building services vendors, and managers of real estate investment trusts (REITs).
Much of the information CoStar now supplies had been previously fragmented across multiple sources, making it difficult and time-consuming to compile. Now, all that information is more thorough and easier to access from a single source.
A Leading Apartment-Finding Network
CoStar Group’s Apartments.com is the flagship for a series of brands focused on finding residential units. These include ApartmentFinder.com, ForRent. com, ApartmentHomeLiving.com, AFTER55.com, CorporateHousing.com, Apartamentos.com (for Spanish speakers), and OffCampusPartners.com.
These sites offer renters a free searchable database of apartment listings. Renters who use the sites get in-depth information on neighborhoods, including restaurants, nightlife, history, and schools. They can also view tenant reviews of properties and see possible commute times to work and the best public transportation options for a commute.
For a subscription fee, these sites provide owners, professional property management companies, and landlords with an advertising destination. The sites enable landlords to receive applications, screen tenants, and process rental payments and renewals.
Committed to Being Environmentally Friendly
CoStar Group was committed to environmental friendliness in the development of its own office space. It chose LEED-certified (Leadership in Energy and Environmental Design) buildings and interiors whenever possible so that its buildings deploy natural resources wisely and use less energy overall.
The firm’s partnerships with the U.S. Green Building Council and the U.S. Environmental Protection Agency make it easy for its customers to find LEED-certified and Energy Star-labeled buildings.
Sustainable Development Goals
The Sands Capital six investment criteria tend to lead us to businesses that are innovators or vital facilitators of change in industries undergoing significant transformation. CoStar Group is one of many portfolio businesses that create impact by addressing at least one major social or environmental challenge identified by the United Nations Sustainable Development Goals (SDGs). With the initiatives described here, the CoStar Group is helping to address SDG 10, Reduced Inequalities, and SDG 11, Sustainable Cities and Communities.
The business profiled was selected based on its reported alignment with one or more U.N. Sustainable Development Goals. The views expressed are the opinion of Sands Capital Management and are not intended as a forecast, a guarantee of future results, investment recommendations, or an offer to buy or sell any securities. The views expressed were current as of the date indicated and are subject to change. This material may contain forward-looking statements, which are subject to uncertainty and contingencies outside Sands Capital’s control. Readers should not place undue reliance upon these forward-looking statements. There is no guarantee that Sands Capital will meet its stated goals. Past performance is not indicative of future results. A company’s fundamentals or earnings growth is no guarantee that its share price will increase. The specific securities identified and described do not represent all of the securities purchased, sold, or recommended for advisory clients. There is no assurance that any security will continue to be owned by Sands Capital Management. You should not assume that any investment is or will be profitable. GIPS® Reports and additional disclosures for the related composites may be found in the Sands Capital GIPS Report. PT# 20210357