CoStar Group Names Chris Lown Chief Financial Officer
18 Junio 2024 - 8:00AM
Business Wire
Christian Lown, EVP and CFO at Freddie Mac,
brings decades of M&A, capital markets and real estate finance
experience
CoStar Group (NASDAQ: CSGP), a leading provider of online real
estate marketplaces, information, and analytics in the property
markets, today announced the appointment of Christian M. Lown as
Chief Financial Officer effective July 1, 2024. Lown will join
CoStar Group from Fortune 500-ranked home loan giant Freddie Mac,
where he serves as Executive Vice President and Chief Financial
Officer until June 28, 2024. He will report to Andy Florance,
Founder and Chief Executive Officer of CoStar Group.
As a well-respected leader with more than 25 years of experience
in banking, finance, and their intersection with real estate, Lown
is well-positioned to bolster CoStar Group’s continued financial
success. At Freddie Mac, he was responsible for the company's
accounting, capital oversight, sustainability, financial controls,
investor relations, financial planning and reporting, procurement
and tax functions. Previously, he served as EVP and CFO at Navient
Corporation. Lown also spent 11 years at Morgan Stanley,
culminating with his role as Managing Director of the Financial
Institutions Group where he co-led the Global FinTech and North
America Banks and Diversified Finance practices. He holds an MBA
from The University of Virginia’s Darden School of Business.
“As we seek to build upon our strong performance in recent
years, I’m confident Chris is the right person to lead CoStar
Group’s financial operations,” said Andy Florance, Founder and
Chief Executive Officer of CoStar Group. “He brings an
unparalleled understanding of M&A, capital markets and
corporate finance and, through his time at Freddie Mac, an
intricate knowledge of the homebuying market at a time when our
Homes.com platform is experiencing exponential growth. I look
forward to working with him to make CoStar Group even stronger in
the years ahead.”
As CFO, Lown will support CoStar Group’s rapid scaling through a
combination of building best-in-class systems and processes, as
well as continuing to hire and develop top-performing employees to
support its aggressive growth plans. He will serve as an essential
member of the company’s executive leadership team and maintain
overall responsibility and accountability for the finance function
including accounting, financial planning, internal controls,
reporting and compliance, treasury, investor relations, tax and
corporate facilities.
“I’m thrilled to join CoStar Group, which I’ve always held in
high esteem for its incredible trajectory from startup to market
leader in commercial real estate data and online real estate
marketplaces,” said Lown. “Joining CoStar Group is a career
honor, and I am very much looking forward to driving it forward
with the rest of the senior management team to even greater
heights.”
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a leading provider of online real
estate marketplaces, information, and analytics in the property
markets. Founded in 1987, CoStar Group conducts expansive, ongoing
research to produce and maintain the largest and most comprehensive
database of real estate information. CoStar is the global leader in
commercial real estate information, analytics, and news, enabling
clients to analyze, interpret and gain unmatched insight on
property values, market conditions and availabilities.
Apartments.com is the leading online marketplace for renters
seeking great apartment homes, providing property managers and
owners a proven platform for marketing their properties. LoopNet is
the most heavily trafficked online commercial real estate
marketplace with over twelve million monthly global unique
visitors. STR provides premium data benchmarking, analytics, and
marketplace insights for the global hospitality industry. Ten-X
offers a leading platform for conducting commercial real estate
online auctions and negotiated bids. Homes.com is the fastest
growing online residential marketplace that connects agents,
buyers, and sellers. OnTheMarket is a leading residential property
portal in the United Kingdom. BureauxLocaux is one of the largest
specialized property portals for buying and leasing commercial real
estate in France. Business Immo is France’s leading commercial real
estate news service. Thomas Daily is Germany’s largest online data
pool in the real estate industry. Belbex is the premier source of
commercial space available to let and for sale in Spain. CoStar
Group’s websites attracted 170 million quarterly average monthly
unique visitors for the first quarter of 2024. Headquartered in
Washington, DC, CoStar Group maintains offices throughout the U.S.,
Europe, Canada, and Asia. From time to time, we plan to utilize our
corporate website, CoStarGroup.com, as a channel of distribution
for material company information. For more information, visit
CoStarGroup.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240618517580/en/
INVESTOR RELATIONS: Cyndi Eakin Senior Vice President
CoStar Group Investor Relations (202) 346-6784
ceakin@costar.com
News Media Contact: Matthew Blocher CoStar Group (202)
346-6775 mblocher@costargroup.com
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