M&A Deal Summary

CoStar Acquires Apartment Finder

On April 29, 2015, CoStar acquired internet software and services company Apartment Finder for 170M USD

Acquisition Highlights
  • This is CoStar’s 3rd transaction in the Internet Software and Services sector.
  • This is CoStar’s 8th largest (disclosed) transaction.
  • This is CoStar’s 7th transaction in the United States.
  • This is CoStar’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2015-04-29
Target Apartment Finder
Sector Internet Software and Services
Buyer(s) CoStar
Deal Type Divestiture
Deal Value 170M USD

Target

Apartment Finder

Norcorss, Georgia, United States
Apartment Finder is a provider of real estate rental listings as well as digital advertising on ApartmentFinder.com.

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Buyer(S) 1

Buyer

CoStar

Washington, District of Columbia, United States
Category Company
Founded 1987
Sector Information Services
Employees6,152
Revenue 2.5B USD (2023)
DESCRIPTION
CoStar office in Columbia, Maryland.
CoStar office in Columbia, Maryland.

CoStar is a provider of information services to commercial real estate professionals in the United States and the United Kingdom. CoStar's suite of products offers customers access via the Internet to the most comprehensive, verified database of commercial real estate information. CoStar was incorporated in 1987 and is based in Washington, DC.

DEAL STATS #
Overall 7 of 23
Sector (Internet Software and Services) 3 of 12
Type (Divestiture) 1 of 4
State (Georgia) 2 of 2
Country (United States) 7 of 17
Year (2015) 1 of 1
Size (of disclosed) 8 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-03 Apartments.com

Chicago, Illinois, United States

Apartments.com is a web-based apartment listing and classified service. Apartments.com also has ApartmentHomeLiving.com and RentalHomesPlus.com.

Buy $585M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-04 Thomas Daily

Freiburg, Germany

Thomas Daily has developed a web based real estate information system that continuously orients itself to the information needs of the market. It bundles all the necessary services and data on one platform, thus making it accessible to all real estate professionals in every market.

Buy -
Mergr

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