CoStar Group, Inc. (NASDAQ: CSGP), a Washington, DC-based provider of commercial real estate information, analytics and online marketplaces, acquired Off Campus Partners, LLC, a Charlottesville, Virginia-based online multifamily marketplace service for student housing in the United States.
The amount of the deal was not disclosed.
Founded in 2000 and led by James “Duke” Jones, OCP enters into exclusive agreements with universities, most of which are multi-year, to provide an off-campus housing listing service for students, parents, and faculty/staff. Currently, it has existing contracts with 132 universities servicing over 2 million off-campus students.
OCP university partners include, among many others, the University of Michigan, Vanderbilt, the University of Arizona, Boston College, the University of Miami, Clemson, the University of Iowa and University of North Carolina at Chapel Hill.
Founded in 1987 by Andrew C. Florance, Chief Executive Officer, CoStar Group is a provider of commercial real estate information, analytics and online marketplaces. Its suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities.
LoopNet is a commercial real estate marketplace online with nearly 6 million monthly unique visitors.
Realla a UK based comprehensive commercial property digital marketplace.
Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties.
CoStar maintains offices throughout the U.S. and in Europe and Canada with a staff of over 3,700 worldwide.