About CoStar Real Estate Manager

“What an amazing team! Like no other in the known universe. Very helpful.”

Anthony Grower

Marketing Specialist

“They are the best in the industry and that says it all. Nothing else matters.”

Anthony Grower

Marketing Specialist

What is CoStar Real Estate Manager?

CoStar Real Estate Manager is the most proven platform for every phase of the lease lifecycle.

It makes complex real estate decisions easier, automates lease accounting compliance and helps you close with confidence. It's also backed by unrivaled support and guaranteed implementation.

Behind the platform is CoStar Group (Nasdaq: CSGP), the world leader in real estate information and marketplaces. The company owns Apartments.com, Homes.com, LoopNet, Ten-X and other powerful brands.

CoStar Real Estate Manager is the most proven platform for every phase of the lease lifecycle.

It makes complex real estate decisions easier, automates lease accounting compliance and helps you close with confidence. It's also backed by unrivaled support and guaranteed implementation.

Behind the platform is CoStar Group (Nasdaq: CSGP), the world leader in real estate information and marketplaces. The company owns Apartments.com, Homes.com, CoStar, LoopNet, Ten-X and other powerful brands.

Platform

CoStar Real Estate Manager Vision

To be the most trusted choice for accounting and real estate teams throughout every phase of the lease lifecycle.

CoStar Real Estate Manager Mission

To provide enterprise-class lease management tools, accurate information and unmatched expertise that helps customers make confident lease management decisions.

1999

Virtual Premise is founded in Atlanta, GA with a mission to make lease administration more organized, efficient and automated.

1999

2007

In response to ASC 840, Virtual Premise adds lease accounting functionality, including straight-line calculations and reporting.

2007

2010

Virtual Premise launches equipment lease functionality.

What are the differences between real estate and equipment leases

2010

2011

Virtual Premise becomes CoStar Real Estate Manager as a result of our acquisition by CoStar Group.

2011

2016

CoStar Real Estate Manager is first to market with ASC 842 and IFRS 16 disclosures after successful pre-release testing with an international Fortune 50 partner.

2016

2018

CoStar Real Estate Manager adds retrospective, impairment and lessor features to remeasurement functionality.

The Need for Cross-Functional Lease Management Reporting

2018

2019

CoStar has 350+ successful go-lives as public companies transition to ASC 842.

2019

2020

Day 2 accounting is introduced to the platform, making it possible for lease accountants to complete roll forward and reconciliation reports as well as execute mass remeasurements.

2020

2022

CoStar Group is selected for inclusion in the S&P 500 index and the NASDAQ 100 index.

2022

Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean.

“I jumped right into using CoStar... I did some online one-on-one training with the support staff which was very helpful. It’s easy to navigate... jumping in was self-explanatory.”
Jennifer McQueen, CPA
Accounting Manager, DaVita Kidney Care

“CoStar is easy to use; a lot of what I've been doing in the system has been learned just by clicking and exploring things. I use it pretty much all day every day.”
Jessica Reed
Lease Coordinator, Allegion, PLC

“CoStar is user friendly, best choice of software! CoStar is very easy to navigate and will help you get the results you need to make a real estate decision.”
Nichole H.
Leasing Manager