CoStar Group announced the completion of its acquisition of Visual Lease, a leading lease administration and accounting platform. This strategic move is set to enhance CoStar Group’s Real Estate Manager business line, providing advanced lease management and accounting value to corporations.
Visual Lease's technology, which supports over 1,500 organizations, will be seamlessly integrated for CoStar Real Estate Manager users, offering new growth opportunities for mid-market customers and strengthening utility for government clients with its GASB experience. The platform's ESG analytics product also enhances CoStar Group's sustainability solutions.
Separately, CoStar Group finalized an agreement with Gartner to secure the relocation of its corporate headquarters from Washington, DC, to 1201 Wilson Boulevard in Arlington, Virginia, in early 2025. Gartner paid CoStar Group a $48 million early termination fee, accelerating CoStar's ability to accommodate its rapid growth and expansion in a business-friendly environment.
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