Virtual Premise To Present For The Fifth Consecutive Year At The National Retail Tenants Association's Annual Conference

ATLANTA, Sept. 26, 2012 (GLOBE NEWSWIRE) -- Virtual Premise, a leading provider of cloud-based real estate information management solutions, announced today that it will lead two sessions at the upcoming National Retail Tenants Association's (NRTA's) Annual Conference. The company is a long-time sponsor of NRTA, including the organization's annual conference, which will be held this year October 7-10 in Palm Desert, CA.

A subsidiary of CoStar Group, Inc. (Nasdaq:CSGP), Virtual Premise provides best-in-class lease management solutions that help major retailers track and administer thousands of details in their real estate lease portfolios.

In support of the conference's theme, Expanding Knowledge – Unlock the Power of Your Leases, Kelly Kepley, Virtual Premise's Vice President of lease services, will present at the following two break-out sessions:
  • Setting Up an Effective, Scalable and Efficient Real Estate Department

Monday, October 8, 8:30 a.m. – 10:00 a.m. In a discussion panel format, this session will include comments from experienced retailers regarding their real estate departments' key objectives, roles within their organization, success stories, challenges and view on future planning .
  • Accuracy, Consistency & Efficiency

Tuesday, October 9, 10:30 a.m. – Noon This course reviews industry best practices for document and data management, including document management processes, inventory management, instructional and procedural writing, quality assurance techniques, insights into leveraging the power of reporting, and recommended standards for document and data retention.

"This year, NRTA's focus on 'unlocking the power of leases' is particularly timely, considering the increased emphasis on readiness for the upcoming FASB (Financial Accounting Standards Board) lease accounting changes," said Kepley. "We are seeing firsthand the priority companies are placing on these sweeping changes, as many Virtual Premise customers are already using our FASB lease readiness functionality and services. Exemplary lease administration practices are always important, and we are pleased to have the opportunity once again to share our expertise and best practices with our retail colleagues at NRTA."

Kepley is celebrating her 25 th year in commercial real estate and oversees the Lease Services Division for Virtual Premise, an industry leader in providing quality lease information management services and solutions, including specific FASB Readiness Service Offerings. Lease Services include lease abstracting, document management services, data integrity validation, due diligence support and best practices consulting.

About Virtual Premise

Virtual Premise, Inc. is a leader in best-in-class solutions for corporate and retail real estate management. The company's software and services help customers deliver on their business strategies by better managing their real estate portfolios. Virtual Premise solutions include strategy and analytics, portfolio management, lease management, lease administration, project management, transaction management, and lease abstracting and document management services. Virtual Premise differentiates itself by providing best-in-class software that provides superior visibility and control at a value that is unmatched in the industry. Virtual Premise is wholly owned by CoStar Group, Inc. (Nasdaq:CSGP). For more information, call 404-267-1781 or visit www.virtualpremise.com.

About CoStar Group, Inc.

CoStar Group (Nasdaq:CSGP) is commercial real estate's leading provider of information, analytics and marketing services. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. Through LoopNet, the Company operates the most heavily trafficked commercial real estate marketplace online with more than 6.1 million registered members and 3.6 million unique monthly visitors. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe including the industry's largest professional research organization. For more information, visit www.costar.com.

This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's and Virtual Premise's plans, objectives, expectations, beliefs, intentions or strategies regarding the future. These statements are based upon the current beliefs and expectations of management of CoStar and Virtual Premise and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. More information about potential factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to, those stated in CoStar's filings from time to time with the Securities and Exchange Commission, including CoStar's Form 10-K for the year ended December 31, 2011, and CoStar's Form 10-Q for the quarter ended June 30, 2012, under the heading "Risk Factors." All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: Debora Tucker         Virtual Premise, Inc.         (404) 564-2485         dtucker@virtualpremise.com

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