CoStar Group Founder and CEO Andy Florance Named Inman 2024 Power Player

Rhea-AI Summary

Andy Florance, Founder and CEO of CoStar Group, was honored as one of Inman’s 2024 Power Players, recognizing real estate's most powerful and influential leaders. CoStar Group's growth and investment in residential real estate portals, Homes.com and Apartments.com, led to this recognition. The company's platforms are reorienting the residential market, with over 160 million unique visitors. CoStar Group, part of the S&P 500 Index and NASDAQ 100, is committed to providing powerful real estate portals to serve the industry.

The annual index highlights the most influential professionals in the residential real estate industry

WASHINGTON--(BUSINESS WIRE)-- Andy Florance, Founder and Chief Executive Officer of CoStar Group (NASDAQ: CGSP), a leading provider of online real estate marketplaces, information and analytics in the commercial and residential property markets, today was honored as one of Inman’s 2024 Power Players.

The index, in its second year as part of Inman’s expanded awards program, recognizes real estate’s most powerful and influential leaders who represent the pinnacle of industry success. Inman’s 2024 Power Players include executives and founders as well as innovators and visionaries, highlighting figures playing a key role in shaping the future of the residential industry. This year’s list honors 137 notable individuals from the residential real estate, mortgage, finance and proptech ecosystems.

This recognition comes as part of CoStar Group’s continued growth and investment in the company’s residential real estate portals, Homes.com and Apartments.com. In September 2023, Homes.com surpassed Realtor.com and Redfin as the second most-trafficked real estate portal in the country and CoStar Group’s network of U.S. real estate portals experienced over 160 million unique visitors. CoStar’s platforms are fundamentally reorienting the residential market by changing the way people search and connect with leasing agents and realtors.

Founded in 1987, CoStar Group has grown to over 6,200 employees in 14 countries and fulfills Florance’s vision to digitize the real estate industry, empowering people to discover properties, insights, and connections that improve their businesses and lives. CoStar Group is part of the S&P 500 Index, one of the premier benchmarks of the U.S. equities market, and is included in the NASDAQ 100, one of the world’s largest preeminent large-cap indexes.

“It is an honor to be recognized on Inman’s Power Players list again this year,” said Andy Florance. “This is a testament to our continued commitment to providing the most in-depth and powerful real estate portals to better serve the industry. I congratulate the other leaders honored on this highly anticipated list, and I am excited to be part of propelling our industry forward in 2024.”

For more about the Inman Power Players list, including a complete list of winners please visit here.

About CoStar Group, Inc.

CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1987, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities. Apartments.com is the leading online marketplace for renters seeking great apartment homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most heavily trafficked online commercial real estate marketplace with over twelve million monthly global unique visitors. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X offers a leading platform for conducting commercial real estate online auctions and negotiated bids. Homes.com is the fastest growing online residential marketplace that connects agents, buyers, and sellers. OnTheMarket is a leading residential property portal in the United Kingdom. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France’s leading commercial real estate news service. Thomas Daily is Germany’s largest online data pool in the real estate industry. Belbex is the premier source of commercial space available to let and for sale in Spain. CoStar Group’s websites attract nearly 160 million unique monthly visitors. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia. From time to time, we plan to utilize our corporate website, CoStarGroup.com, as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240122553141/en/

News Media Contact

Matthew Blocher

CoStar Group

(202) 346-6775

mblocher@costargroup.com

Source: CoStar Group

FAQ

Who was honored as one of Inman’s 2024 Power Players?

Andy Florance, Founder and Chief Executive Officer of CoStar Group (NASDAQ: CGSP).

What led to CoStar Group's recognition in the index?

CoStar Group's growth and investment in residential real estate portals, Homes.com and Apartments.com.

How many unique visitors did CoStar Group's network of U.S. real estate portals experience?

Over 160 million unique visitors.

What indexes is CoStar Group part of?

CoStar Group is part of the S&P 500 Index and NASDAQ 100.

What is CoStar Group's commitment to the industry?

CoStar Group is committed to providing powerful real estate portals to serve the industry.