M&A Deal Summary

CoStar Acquires Apartments.com

On March 3, 2014, CoStar acquired internet software and services company Apartments.com for 585M USD

Acquisition Highlights
  • This is CoStar’s 2nd transaction in the Internet Software and Services sector.
  • This is CoStar’s 4th largest (disclosed) transaction.
  • This is CoStar’s 6th transaction in the United States.
  • This is CoStar’s 1st transaction in Illinois.

M&A Deal Summary

Date 2014-03-03
Target Apartments.com
Sector Internet Software and Services
Buyer(s) CoStar
Deal Type Add-on Acquisition
Deal Value 585M USD

Target

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.

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Buyer(S) 1

Buyer

CoStar

Washington, District of Columbia, United States

Category Company
Founded 1987
Sector Information Services
Employees6,593
Revenue 2.7B USD (2024)
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, District of Columbia.


DEAL STATS #
Overall 6 of 25
Sector: Internet Software and Services M&A 2 of 13
Type: Add-on Acquisition M&A Deals 6 of 21
State: Illinois M&A 1 of 1
Country: United States M&A 6 of 18
Year: 2014 M&A 1 of 1
Size (of disclosed) 4 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-27 LoopNet

San Francisco, California, United States

LoopNet is an online marketplace for commercial real estate in the U.S. The Company enables brokers to list properties for sale or for lease and submit detailed information on listings including marketing descriptions, photos, key property statistics and financial and tenant information, in order to find a buyer or tenant. Commercial real estate agents, buyers and tenants use LoopNet to search for listings that meet their criteria.

Buy $762M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-29 Apartment Finder

Norcorss, Georgia, United States

Apartment Finder is a provider of real estate rental listings as well as digital advertising on ApartmentFinder.com.

Buy $170M