CoStar Real Estate ManagerTM is a leader in best-in-class solutions for corporate and retail real estate management. The company’s software and services help customers deliver on their business strategies by better managing their real estate portfolios. CoStar Real Estate Manager solutions include strategy and analytics, portfolio management, lease management, lease administration, project management, transaction management, and lease abstracting and document management services. CoStar Real Estate Manager differentiates itself by providing best-in-class software that provides superior visibility and control at a value that is unmatched in the industry. In addition, the company is taking a thought leadership role in preparing its solution for the upcoming FASB lease accounting changes.
CoStar Real Estate Manager is wholly owned by CoStar Group.
CoStar Real Estate Manager, one of the industry’s leading providers of real estate information management technology solutions, was founded in 1999 in Atlanta, Georgia with the mission of bringing web-based technology solutions to the commercial real estate industry. The first release of the CoStar Real Estate Manager software solution was in the summer of 2000. Since that time, several new major releases have been completed. In June 2003 the company acquired the assets of ASI International, the leading provider of Lotus Notes-based workflow management solutions to the real estate industry. In 2010, the company issued revolutionary enhancements to its real estate information management solution, featuring a unique Strategy and Analytics module that enables customers to align their real estate operations with company objectives to increase margins and profitability. In October, 2011, CoStar Group acquired CoStar Real Estate Manager, in a strategic acquisition that combines industry leading lease management tools with CoStar's comprehensive information platform.