PRESS RELEASE DETAIL


Mar 19, 2012

CoStar Group's Property and Portfolio Research Division Hires Luis Mejia as Director of Research for Multifamily Sector

Washington, DC, March 19, 2012 — CoStar Group, Inc. (Nasdaq: CSGP), commercial real estate's leading provider of information and analytic services, announced today that Luis Mejia has joined its Property and Portfolio Research (PPR) division as Director of Research, Multifamily. He is based in CoStar’s Washington, DC office.

Washington, DC, March 19, 2012 — CoStar Group, Inc. (Nasdaq: CSGP), commercial real estate's leading provider of information and analytic services, announced today that Luis Mejia has joined its Property and Portfolio Research (PPR) division as Director of Research, Multifamily.  He is based in CoStar’s Washington, DC office.

As Director of Research, Multifamily, Mejia is responsible for leading PPR’s apartment research function. Leveraging his extensive modeling expertise, Mejia will support the enhancement and further development of PPR’s multifamily data, analytic, and forecasting capabilities.

Mejia joins PPR from Fannie Mae, where he was a research director in the company’s modeling and analytics division. In that role, Mejia led a team of economists in the design and implementation of multifamily credit and market models for multiple forecasting applications. In previous roles, Mejia worked as a research economist modeling multifamily cap rates, rental growth, property values, and other apartment market drivers. Prior to joining Fannie Mae, Mejia was an instructor at The George Washington University, where he taught undergraduate and graduate courses in finance and real estate.

"PPR has been working actively to add senior professionals with property sector specializations to our deep bench of talented real estate economists,” said Hans Nordby, Managing Director of PPR. “Luis’ expertise in the multifamily industry enables him to serve commercial real estate investors in both the debt and equity sectors. We are very excited to welcome him to our team in Washington, DC.”

In addition to Mejia, PPR recently added industrial sector expert Rene Circ, office sector specialist Walter Page, and experienced portfolio manager and REIT analyst Mark Berry to its team of real estate economists. Together with retail expert Suzanne Mulvee, multifamily specialist Michael Cohen, Managing Director Hans Nordby and others, PPR’s newest hires round out a complete team of senior experts for every commercial real estate sector.  

Mejia is an accomplished writer, having written articles on various commercial real estate topics for the Journal of Real Estate Finance and Economics, the Journal of Real Estate Research and the Journal of Real Estate Portfolio Management. He also has conducted multiple academic and business presentations at real estate industry meetings including conferences hosted by the American Real Estate Society and the American Real Estate and Urban Economics Association.

Mejia received his Ph.D. and M.B.A. from The George Washington University in Washington, DC. He received an undergraduate degree in architecture from Universidad Santo Tomás in Colombia.

About Property and Portfolio Research
Property and Portfolio Research (PPR) provides unparalleled expertise and objective thinking in analyzing and forecasting commercial real estate markets. PPR sets the pace in offering independent research, a unique set of analytic tools, and actionable insights to commercial real estate investors on hundreds of global markets in North America, the UK and Europe. Clients range from commercial banks and financial institutions to pension funds and insurance companies, as well as government and rating agencies.

With a dedicated commitment to providing the best in commercial real estate research, PPR's widely respected knowledge of the markets allows clients to stay ahead of market trends, act decisively, and feel confident about their investment decisions. PPR is a division of CoStar Group.

About CoStar Group, Inc.
CoStar Group (Nasdaq: CSGP) is commercial real estate's leading provider of information and analytic 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. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe with a staff of approximately 1,500 worldwide, including the industry's largest professional research organization. For more information, visit www.costar.com.



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