Andrew C. Florance founded CoStar Group in 1987, fundamentally changing the way commercial real estate professionals access, use and share information. Through CoStar, Mr. Florance pioneered the concept of commercial real estate firms outsourcing research functions to a third-party information provider, combining the operational efficiencies of a computer-based information system with the more thorough, standardized and higher quality property information produced by the industry’s first independent research organization.
Mr. Florance’s enduring commitment to innovation has been repeatedly recognized by Forbes magazine, which has named CoStar among the 100 Most Innovative Growth Companies in the world, as well as one of Forbes Fast Tech 25 and one of Fortune magazine’s 100 Fastest Growing Companies. Headquartered in Washington, D.C., the company maintains offices throughout North America, Europe and Asia with a staff of more than 4,750 worldwide.
Mr. Florance has directed CoStar Group’s expansion from start-up, to its successful IPO in July 1998, and to its market-leading position today as a publicly traded enterprise (NASDAQ: CSGP) and the leading provider of commercial real estate information, analytics and online marketplaces. CoStar Group’s major holdings include:
CoStar, the largest provider of commercial real estate research, analytics and data, offering in-depth information on building attributes, historical lease and sale transactions, tenants, true owners and professionally captured images. Ninety-five percent of the top 1,000 brokerages turn to CoStar for client-ready reports, market analysis, news and information to make profitable decisions
LoopNet, including Showcase, CityFeet, and CoStar, the most heavily trafficked online commercial real estate marketplaces with more than 16 million average network monthly visits
The Apartments.com network, the premier rental home resource for renters, property managers and owners with over 1 billion visits in 2020, including Apartments.com, ApartmentFinder, ApartmentHomeLiving, Apartamentos.com, ForRent.com, ForRentUniversity.com, After55.com, CorporateHousing.com, Westside Rentals and Off Campus Partners
BizBuySell, the Internet’s largest and most heavily trafficked business-for-sale marketplace
Lands of America, the largest rural real estate marketplace in the country
STR, the leading provider of premium data benchmarking, analytics and marketplace insights for global hospitality sectors
Ten-X, the leading platform for conducting commercial real estate online auctions and negotiated bids
Homesnap, an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship.
Mr. Florance has co-authored a number of academic articles on commercial real estate economics and received Best Manuscript Prize Awards and the Scholar Practitioner Prize from the American Real Estate Society. He is active in education having served on six school boards over 28 years. He served on the board of several public company boards and six non-profit boards. Mr. Florance is currently the Chair of the Board of the Cathedral Chapter overseeing the Washington National Cathedral and sits on the board of the Protestant Episcopal Cathedral Foundation, the American Real Estate Society and Management Leadership for Tomorrow, a nonprofit that develops diverse leaders. Mr. Florance is a graduate of Princeton University with a B.A. in Economics and received an honorary doctorate from Virginia Commonwealth University in 2019.
What is Andrew C. Florance's net worth?
The estimated net worth of Andrew C. Florance is at least $90.24 million as of October 25th, 2024. Mr. Florance owns 1,263,098 shares of CoStar Group stock worth more than $90,235,721 as of December 21st. This net worth estimate does not reflect any other investments that Mr. Florance may own. Additionally, Mr. Florance receives a salary of $3,830,000.00 as CEO at CoStar Group. Learn More about Andrew C. Florance's net worth.
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Has Andrew C. Florance been buying or selling shares of CoStar Group?
In the last ninety days, Andrew C. Florance has bought $1,099,963.77 in CoStar Group stock. Most recently, on Friday, October 25th, Andrew C. Florance bought 14,731 shares of CoStar Group stock. The stock was acquired at an average cost of $74.67 per share, with a total value of $1,099,963.77. Following the completion of the transaction, the chief executive officer now directly owns 1,263,098 shares of the company's stock, valued at $94,315,527.66. Learn More on Andrew C. Florance's trading history.
Who are CoStar Group's active insiders?
Are insiders buying or selling shares of CoStar Group?
During the last year, CoStar Group insiders bought shares 1 times. They purchased a total of 14,731 shares worth more than $1,099,963.77. During the last year, insiders at the technology company sold shares 4 times. They sold a total of 203,669 shares worth more than $17,508,335.73. The most recent insider tranaction occured on November, 26th when insider Michael J Desmarais sold 5,500 shares worth more than $439,340.00. Insiders at CoStar Group own 1.6% of the company.
Learn More about insider trades at CoStar Group. Information on this page was last updated on 11/26/2024.
