CoStar Group Announces Acquisition of Houses.com URL
December 18 2020 - 8:00AM
Business Wire
CoStar Group, the leading provider of commercial real estate
information, analytics and online marketplaces, today announced its
acquisition of Houses.com, setting the stage for its entry into
residential real estate marketplaces. On December 16, 2020, the
Federal Trade Commission cleared CoStar Group’s acquisition of
Homesnap, Inc., which provides real estate brokers with a mobile
platform and other technology for managing and analyzing their
listings and the housing market.
CoStar Group has been successful for many years running
marketplace verticals in the commercial real estate space with
Loopnet.com, Cityfeet.com and Showcase.com; the multifamily space
with Apartments.com, ForRent.com, ApartmentFinder.com,
ApartmentHomeLiving.com and Apartamentos.com; the land space with
Land.com, LandsofAmerica.com, LandWatch.com and LandandFarm.com;
and the businesses for sale space with BizBuySell.com and
BizQuest.com.
With the acquisition of the Houses.com domain name, CoStar Group
plans to develop a vibrant national marketplace for agents and
owners to successfully sell homes without disenfranchising or
disintermediating valuable real estate agents in the process.
About CoStar Group, Inc.
CoStar Group, Inc. (NASDAQ: CSGP) is the leading provider of
commercial real estate information, analytics and online
marketplaces. Founded in 1987, CoStar conducts expansive, ongoing
research to produce and maintain the largest and most comprehensive
database of commercial real estate information. Our suite of online
services enables clients to analyze, interpret and gain unmatched
insight on commercial property values, market conditions and
current availabilities. STR provides premium data benchmarking,
analytics and marketplace insights for the global hospitality
sector. Ten-X provides a leading platform for conducting commercial
real estate online auctions and negotiated bids. LoopNet is the
most heavily trafficked commercial real estate marketplace online
with over 7 million monthly unique visitors. Realla is the UK’s
most comprehensive commercial property digital marketplace.
Apartments.com, ApartmentFinder.com, ForRent.com,
ApartmentHomeLiving.com, Westside Rentals, AFTER55.com,
CorporateHousing.com, ForRentUniversity.com and Apartamentos.com
form the premier online apartment resource for renters seeking
great apartment homes and provide property managers and owners a
proven platform for marketing their properties. CoStar Group’s
websites attracted an average of approximately 69 million unique
monthly visitors in aggregate in the third quarter of 2020.
Headquartered in Washington, DC, CoStar Group maintains offices
throughout the U.S. and in Europe, Canada and Asia with a staff of
over 4,300 worldwide, including the industry’s largest professional
research organization. For more information, visit
www.costargroup.com.
This news release includes “forward-looking statements”
including, without limitation, statements regarding CoStar's
expectations, beliefs, intentions or strategies regarding the
future. These statements are based upon current beliefs and are
subject to many risks and uncertainties that could cause actual
results to differ materially from these statements, including the
risk that CoStar’s plans change with respect to Houses.com. More
information about potential factors that could cause actual results
to differ materially from those discussed in the forward-looking
statements include, but are not limited to, those stated in
CoStar's filings from time to time with the Securities and Exchange
Commission, including in CoStar's Annual Report on Form 10- K for
the year ended December 31, 2019, and CoStar’s Quarterly Reports on
Form 10-Q for the quarters ended March 31, 2020, June 30, 2020 and
September 30, 2020, each of which is filed with the SEC, including
in the "Risk Factors" section of those filings, as well as the
company's other filings with the SEC available at the SEC's website
(www.sec.gov). All forward-looking statements are based on
information available to CoStar on the date hereof, and CoStar
assumes no obligation to update such statements, whether as a
result of new information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20201218005096/en/
Matthew Blocher Vice President, CoStar Group Corporate Marketing
& Communications (202) 346-6775 mblocher@costar.com
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