CoStar Real Estate Manager

CoStar Real Estate Manager is a powerful, cloud-based software system that serves as the single source of truth for large organizations' lease lifecycles. It unites finance, accounting, and corporate real estate teams on a single platform, resulting in a unified and strategic perspective of both real estate and equipment leasing portfolios. The major value proposition is focused on obtaining and maintaining compliance with complicated worldwide lease accounting requirements, notably ASC 842 (FASB) and IFRS 16.

The fundamental functionality automates lease accounting processes, removing the need for complex and error-prone spreadsheets. Users may develop amortization schedules, calculate Right-of-Use (ROU) assets and lease obligations, and create audit-ready reports, disclosures, and automated journal entries to ensure a smooth month-end close. The solution supports multiple entities, currencies, and GAAP reporting, making it appropriate for worldwide enterprises with complex leasing structures. Security and governance are enterprise-grade, with features such as extensive audit trails, version tracking, and SOC 1 & 2 certification for data integrity.