CoStar Real Estate Manager

What is CoStar Real Estate Manager?

CoStar Real Estate Manager is a comprehensive cloud-based platform that offers real estate and accounting teams an integrated solution for lease accounting, lease administration, portfolio management, project management, and transaction management. Designed to meet the needs of enterprise companies, the platform combines industry-leading lease accounting and management applications with trusted market data and analytics from CoStar Group

Highlights

• Seamless integration of lease accounting, lease administration, and real estate portfolio management functionalities
• Automated reporting and in-house implementation services to streamline compliance with ASC 842 and IFRS 16 guidelines
• Cloud-based deployment with unlimited system users and no expensive upgrades for a cost-effective solution
• Enterprise-level security features, including annual SSAE 16 SOC 1 and SOC 2 audits, data encryption, and backing by a stable public company
• Effective controls and procedures to meet Sarbanes-Oxley requirements for financial reporting compliance
• Capabilities to manage insurance requirements, critical dates, security deposits, and other details for leased assets
• Functionality to combine and analyze lease data for cost-saving opportunities, such as identifying terminations and available space
• Project management tools for budgeting, vendor management, and bid processes to handle construction projects