CoStar Real Estate Manager is a lease management and accounting software platform created for organizations seeking to streamline the oversight of complex real estate and equipment portfolios. Designed to empower real estate, finance, and accounting teams, the platform centralizes every aspect of lease administration, accounting compliance, strategic portfolio planning, and transaction management in a single, cloud-based environment. As a product of CoStar—an industry leader in market data and analytics—Real Estate Manager distinguishes itself by pairing core operational tools with unrivaled data-driven insights to drive faster, more confident decision-making. Central to CoStar Real Estate Manager’s value proposition is its seamless automation of lease accounting for both real estate and equipment, supporting compliance with global standards such as ASC 842 and IFRS 16. The software automates the full lifecycle of lease accounting, from initial abstraction of contracts and critical terms to ongoing calculations for right-of-use assets, amortization, liability management, and disclosure reporting. This robust automation helps organizations minimize compliance risk, avoid manual errors, and maintain a perpetual state of audit readiness—making the platform a preferred choice for firms demanding transparent, accurate, and up-to-date financial reporting. Lease administration is another key strength. The platform streamlines core administrative processes, enabling users to manage rent schedules, payables, receivables, and reconciliations with intelligent workflows. With CoStar Real Estate Manager, property and accounting teams can handle renewals, terminations, remeasurements, and subleases efficiently, thanks to smart alerts, automated notifications, and user-customized approval flows. The native document management tools consolidate all legal and financial records in a secure, searchable repository, simplifying audits and supporting compliance checks at every stage of the lease lifecycle.

What sets CoStar Real Estate Manager apart is its real-time integration with CoStar’s market-leading research and data analytics. Users gain actionable insight into property values, local market trends, benchmarks, and occupancy rates, directly within the platform. This data empowers stakeholders to make informed choices on acquisitions, dispositions, lease renewals, and negotiations. Advanced reporting tools generate dynamic dashboards and customizable reports, offering visibility into lease portfolios, critical dates, and upcoming obligations—all accessible on demand for better strategic planning and forecasting. A major factor in CoStar Real Estate Manager’s industry adoption is its flexibility and scalability. The platform is built for organizations with a diverse range of asset types, supporting both real estate and equipment leases in a unified interface. This enables corporate occupiers, retailers, healthcare providers, and other firms with multi-site, multi-jurisdictional assets to adapt the software to their unique requirements. Implementation is guaranteed, and the platform’s acclaimed customer support structure, supplemented by first-to-market CPA expertise, ensures that organizations enjoy a smooth onboarding process and responsive assistance throughout their use of the system.