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CoStar Group Promotes Brad Long To President At Apartments.com

WASHINGTON, July 18, 2014 (GLOBE NEWSWIRE) -- CoStar Group, Inc. (Nasdaq:CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, today announced the promotion of Brad Long to President of Apartments.com, its online apartment rental marketplace. Mr. Long will be responsible for managing the sales and marketing operations of Apartments.com and will report to CoStar Group Founder & Chief Executive Officer Andrew C. Florance.

"Brad is a strong leader with tremendous business experience and outstanding relationships with apartment community owners and managers," said Florance. "With 19 years of advertising experience and eight years of experience in the multifamily housing industry, Brad is well qualified to help drive future growth of Apartments.com while strengthening the company's position as a leader in the multifamily housing internet listing space."

Mr. Long has been with Apartments.com since 2006, having served most recently as Vice President of Sales. His focus as president will be enhancing the user experience on Apartments.com, generating increased exposure to deliver more qualified leads to customers and ensuring that Apartments.com is the most well-known and preferred brand in the multifamily housing industry. He succeeds Dick Burke, who is leaving the Company to pursue other opportunities.

"Apartments.com has a tremendous opportunity to leverage CoStar's extensive multifamily database and online marketplace expertise to enhance both our customer and consumer experience," said Long. "With CoStar, we have the ability to provide more real estate solutions to our customers that own or manage multifamily properties."

Apartments.com is a premier online apartment resource for renters, property managers and owners. Each month, Apartments.com assists millions of people with finding a place to call home. The website features nearly 20,000 rental properties—representing millions of apartments—across the United States, showcasing these listings with photos, videos and floor plans to help potential renters find their perfect fit.

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