DOCSLIB.ORG

GCA 1H 2020 Proptech Sector Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
GCA 1H 2020 Proptech Sector Report PRELIMINARY CONFIDENTIAL DRAFT PropTech Market Update 1H 2020 EXECUTIVE SUMMARY – 1H 2020 REAL ESTATE TECHNOLOGY » COVID-19 and the associated economic shut-down has broad implications for the Real Estate and PropTech markets » Market environment has created both opportunity and dislocation in PropTech and while some companies and market segments will be negatively impacted, many will benefit from tech tailwinds created by the crisis: PropTech is a massive market category with sub-verticals that are impacted in very different ways depending on their end-market focus, go-to-market strategy, distribution channels and revenue models – Sub-vertical Matters: Residential RE, CRE Office, CRE Multifamily, Mortgage Tech, Hospitality Tech, Construction Tech, Facilities Management, Data / Analytics businesses, etc. all have very different end-market dynamics that impact performance – Business Model Matters: Enterprise vs. B2C; recurring subscription revenue vs. transactional models; and fixed asset cost vs. variable costs drive preservation of revenue and unit economics – Scale Matters: Scale platform solutions help enhance ability to weather slowdown and emerge as a leaders and consolidators going forward vs. point solutions » M&A and growth investment deals are still getting done despite macro headwinds – 1H 2020 decline of only ~6% y/y in capital raise activity in the PropTech market despite COVID-19 and Q2 saw a 97% increase in invested capital y/y – driven by large investments in category leaders Vacasa, AirBnb and Sonder – $4.4Bn in growth capital raised YTD in the U.S. PropTech space across 136 deals through June 2020 – 36 U.S. PropTech M&A transactions through June 2020, including two significant transactions, First American’s acquisition of DocuTech and CoStar’s acquisition of RentPath » GCA believes that PropTech adoption will accelerate due to COVID-19 and the industry will emerge stronger as a result 2 LEADING ADVISORY TEAM FOCUSED ON THE PROPTECH MARKET GCA U.S. PropTech Team Global Leader in PropTech Advisory Chris Gough Managing Director Acquired Majority Acquired by Acquired by Acquired by interest Head of Real Estate Technology acquired by Phone: (415) 318-3658 A Portfolio Company of A Portfolio Company of [email protected] We advised the buyer We advised the seller We advised the seller We advised the seller We advised the seller Zain Azeem [email protected] Majority Interest Acquired by Acquired by Acquired by Acquired Lizzie Cooperstone Acquired by [email protected] Key Sub-Sector Coverage Verticals We advised the seller We advised the seller We advised the seller We advised the seller We advised the buyer Residential RE Software Commercial RE Software Acquired by Acquired by Acquired by Acquired by Investment from Mortgage / Lending Title / Insurance We advised the seller We advised the seller We advised the seller We advised the seller We advised the seller Home Services Facilities Management a portfolio company of Investment from Acquired by Acquired by MBO backed by Construction Tech Acquired by IWMS We advised the seller We advised the seller We advised the seller We advised the seller We advised the seller 3 GCA: A LEADING INDEPENDENT GLOBAL INVESTMENT BANK Global investment bank providing strategic M&A and capital markets advisory services to growth companies and market leaders STOCKHOLM MANCHESTER LEEDS PARIS FRANKFURT BIRMINGHAM MUNICH KYOTO NAGOYA ZURICH TOKYO LONDON SHANGHAI NEW YORK LAUSANNE MILAN NEW DELHI OSAKA TEL AVIV SAN FRANCISCO FUKUOKA TAIPEI MUMBAI SINGAPORE HO CHI MINH CITY Global platform: Sector expertise: Exceptional cross- 25 offices in key Experienced team: Expansive coverage border capabilities: markets across Over 500 employees and deep Half of all America, Asia and across the globe specialization transactions Europe Broad spectrum Diversified Strong reputation of clients: business model: and track record: Leading Geographically High number of conglomerates, top balanced, synergistic repeat clients and private equity firms and complementary referrals and emerging high- focus areas growth companies 4 GCA operates as GCA in America and Asia, and GCA Altium in Europe I. COVID-19 UPDATE II. PROPTECH MARKET SUMMARY APPENDIX 5 MARKET UPDATE: COVID-19 Key U.S. Developments Select Implications for PropTech » US in Various Stages of Reopening ✓ Residential Real Estate Remains “Essential” » All 50 states had begun to reopen in some way after the » Consumer interest rates remain at historically low levels ➔ coronavirus drove the country into lockdown starting in driving significant refinancing activity and will support home March values on new purchase » Now, a growing number of states are pausing plans to » Crisis has impacted spring buying season ➔ likely leads to reopen, amid rising case counts(1) pent-up demand in 2H 2020 vs. evaporation of demand » Unemployment Claims Reached Record High But Have Since » Adoption of tech solutions in RE transaction increasing ➔ Decreased virtual showings, transaction management software, eSignatures, virtual notary, digital loan origination, etc. » In the week ending June 20, the 4-week moving average was 1,620,750 filed, a decrease of 160,750 from the previous » Tech to drive cost savings and productivity enhancement week's average for transaction exposed models (e.g., title / brokerage, etc.) » Strong Bipartisan Fiscal Action ✓ Commercial Real Estate Needs Tech to Adapt to Challenging Macro Trends » $2+Tn CARES act passed on 3/27 to provide relief to unemployed and small businesses » Highly challenged traditional retail environment » White House approved an additional ~$480Bn bill on 4/21 » Corporations rethinking their approach to office space in replenishing small business loans program post-COVID world ➔ drives need for enhanced tenant engagement, space utilization and building / facilities » Unprecedented Federal Reserve Response management tools » Fed reduced the fed funds rate to 0-0.25% on 3/15 and ✓ Accelerated Adoption of PropTech Platforms intends to maintain this target » COVID impacts expose shortcomings of “traditional” » Introduced “unlimited” bond buying program approach across RE end markets ➔ PropTech delivers » Government Response Targeted to Real Estate operating efficiencies, enhances customer / consumer » FHFA announced that Fannie Mae and Freddie Mac will experience, data-driven decision making and ability to extend moratorium on single-family evictions and operate virtually foreclosures until at least August 31, 2020 ✓ Scale Players Likely to Extend Lead » Well-capitalized scale leaders will extend their competitive Notes: (1) As of June 30, 2020. advantage in this market 6 1H 2020 PROPTECH SECTOR SUMMARY – KEY-SUB SEGMENT TRENDS » Fundamentals remain strong: RRE transaction delays will drive strong 2H 2020 market activity ➔ COVID-19 impacted key spring selling season in RRE, but historically low interest rates and strong showing activity & mortgage applications provide strong positive leading indicators for transaction rebound Residential Real Estate » COVID-19 accelerating “digitization” of the transaction ➔ virtual showings, performance / data-driven Technology customer capture, virtual notary, transaction management, broker management tools, tech driven escrow / title all will benefit from adoption tailwinds in post-COVID market » Integration and combination of tool sets is critical to drive productivity ➔ expect continued consolidation of toolsets in RRE to create central “platforms” for brokers / teams / agents » Market outlook for CRE is mixed and highly end-market dependent – hotel vs. retail vs. CRE office vs. multifamily » CRE building management solutions remain highly attractive segments for investors ➔ large TAM market remains very fragmented Commercial Real Estate » CRE office solutions that deliver operational efficiency drive high ROI and are in high demand (energy Technology efficiency, utilities bulling, predictive maintenance, etc.) » Tenant engagement, tenant experience and tenant safety tools are also critical in post-COVID environment » Continued activity and strong momentum in multifamily management software, especially for firms that are using tech to enhance tenant experience » Expect adoption of construction tech to accelerate in post-COVID environment – digitization of building Construction models, collaboration tools, jobsite management tools (vendors / labor) and marketplace models will drive Technology growth » Off-site / modular construction likely to benefit as well 7 COVID-19 IMPACT IN RRE: DEMAND DELAY VS. DEMAND DISAPPEARANCE Economic indicators points towards strong recovery in RRE transaction activity in 2H 2020 1 CONSTRICTED SUPPLY AS INVENTORY NEAR RECORD LOWS(1) 2 MORTGAGE RATES NEAR HISTORIC LOWS(2) 2.4 5.3% Housing Inventory (MM) 30-Year Fixed Rate Mortgage Average 2.2 4.8% 2.0 1.8 4.3% 1.6 3.8% 1.4 3.3% 1.2 3.1% 1.0 2.8% May-16 May-17 May-18 May-19 May-20 Jun-15 Jun-16 Jun-17 Jun-18 Jun-19 Jun-20 BUT PRICING REMAINS STEADY AND CLEAR SIGNS OF ABRUPT FALLOFF IN TRANSACTIONS IN COVID(1, 3) 3 4 RECOVERY UNDERWAY(4) U.S. pending home sales surged a record 44% in May $370,000 Median Sales Price 6.0 60% $320,000 5.6 40% 5.2 $270,000 Q1 2016 Q1 2017 Q1 2018 Q1 2019 Q1 2020 4.8 20% REAL ESTATE SHOWING INDEX (7-DAY MOVING AVERAGE, (5) 4.4 JANUARY NORMALIZED) 0% Showings currently up 24% y/y as a leading indicator to activity 4.0 60% 2019 2020 3.6 (20%) 50% Jun-16 Jun-17 Jun-18 Jun-19 Jun-20 20% 30% Existing Home Sales (MM) (20%) Jan Feb Mar Apr May Jun Mortgage Applications (Week-Over-Week
Load more

Recommended publications
  • View Annual Report
    Five trillion dollars of securities trade on NasdaqT. Where will the five trillion dollars of commercial real estate assets trade? Annual Report 1999 www.costargroup.com mission statement Through its products and services, CoStar Group, Inc. offers customers access to the most comprehensive, verified database of real estate infor- mation on the U.S. commercial real estate industry. Today, CoStar is creating the Internet marketplace for commercial real estate by bringing together its extensive database, 700 experienced researchers, technological expertise and a broad customer base comprised of the most active real estate firms trans- acting business in the United States. CoStar’s goal is to improve liquidity and ultimately increase the value of commercial real estate. table of contents Financial Highlights.................Page 1 Letter to Our Shareholders.....Page 2 1999 Form 10K.........................Page 5 financial highlights in thousands except per share data 1997 1998 1999 Revenues . $ 7,900 $13,900 $ 30,234 Net loss . (3,266) (3,185) (12,277) Net loss per share . (0.57) (0.44) (1.05) Weighted average common shares . 5,722 7,213 11,727 Cash and cash equivalents . 1,069 19,667 94,074 Total assets . 6,581 27,541 136,905 Stockholders’ equity . 2,917 23,203 119,697 growth in revenue database markets growth ($ millions) growth (billions of sq. ft.) 50 $35 20 30 40 15 25 30 20 10 15 20 10 5 10 5 0 0 0 ’97 ’98 ’99 ’97 ’98 ’99 ’97 ’98 ’99 1 to our shareholders improved liquidity, resulting in increased valuations for their assets. Just as the Nasdaq, in 1971, provided over-the-counter securities brokers a centralized, digital marketplace, facilitating over 500% growth and escalating market value to $5 trillion today—we believe CoStar is positioned to be the exchange that realizes significant value for the $5 trillion commercial real estate asset class.
    [Show full text]
  • Wilmington Funds Holdings Template DRAFT
    Wilmington Global Alpha Equities Fund as of 5/31/2021 (Portfolio composition is subject to change) ISSUER NAME % OF ASSETS USD/CAD FWD 20210616 00050 3.16% DREYFUS GOVT CASH MGMT-I 2.91% MORGAN STANLEY FUTURE USD SECURED - TOTAL EQUITY 2.81% USD/EUR FWD 20210616 00050 1.69% MICROSOFT CORP 1.62% USD/GBP FWD 20210616 49 1.40% USD/JPY FWD 20210616 00050 1.34% APPLE INC 1.25% AMAZON.COM INC 1.20% ALPHABET INC 1.03% CANADIAN NATIONAL RAILWAY CO 0.99% AIA GROUP LTD 0.98% NOVARTIS AG 0.98% TENCENT HOLDINGS LTD 0.91% INTACT FINANCIAL CORP 0.91% CHARLES SCHWAB CORP/THE 0.91% FACEBOOK INC 0.84% FORTIVE CORP 0.81% BRENNTAG SE 0.77% COPART INC 0.75% CONSTELLATION SOFTWARE INC/CANADA 0.70% UNITEDHEALTH GROUP INC 0.70% AXA SA 0.63% FIDELITY NATIONAL INFORMATION SERVICES INC 0.63% BERKSHIRE HATHAWAY INC 0.62% PFIZER INC 0.62% TOTAL SE 0.61% MEDICAL PROPERTIES TRUST INC 0.61% VINCI SA 0.60% COMPASS GROUP PLC 0.60% KDDI CORP 0.60% BAE SYSTEMS PLC 0.57% MOTOROLA SOLUTIONS INC 0.57% NATIONAL GRID PLC 0.56% PUBLIC STORAGE 0.56% NVR INC 0.53% AMERICAN TOWER CORP 0.53% MEDTRONIC PLC 0.51% PROGRESSIVE CORP/THE 0.50% DANAHER CORP 0.50% MARKEL CORP 0.49% JOHNSON & JOHNSON 0.48% BUREAU VERITAS SA 0.48% NESTLE SA 0.47% MARSH & MCLENNAN COS INC 0.46% ALIBABA GROUP HOLDING LTD 0.45% LOCKHEED MARTIN CORP 0.45% ALPHABET INC 0.44% MERCK & CO INC 0.43% CINTAS CORP 0.42% EXPEDITORS INTERNATIONAL OF WASHINGTON INC 0.41% MCDONALD'S CORP 0.41% RIO TINTO PLC 0.41% IDEX CORP 0.40% DIAGEO PLC 0.40% LENNOX INTERNATIONAL INC 0.40% PNC FINANCIAL SERVICES GROUP INC/THE 0.40% ACCENTURE
    [Show full text]
  • 2019 Real Estate Technology Market Update
    PRELIMINARY CONFIDENTIAL DRAFT Real Estate Technology Market Update Q2 2019 EXECUTIVE SUMMARY – Q2 2019 REAL ESTATE TECHNOLOGY Real estate technology continues to be one of the most active areas of financing and M&A activity through the first half of 2019 ▪ The U.S. real estate tech sector received ~$3.0Bn of growth equity capital in 1H 2019 in addition to more than $1.4Bn in debt for iBuyer and RE financing companies ▪ Investments continue to grow in size, with average equity financings over $21MM across 65 deals in Q2 2019, as competition for high-quality investments increases and the number of active strategics and private equity investors in the space continues to grow Q2 2019 saw commercial real estate technology companies drive significant activity, with a flurry of capital raises and M&A transactions ▪ VTS raised $90M at a ~$1.0Bn valuation led by Brookfield Ventures, the venture arm of Brookfield Asset Management, signaling strong demand from real estate investors / property managers for next-generation solutions to streamline their operations and improve margins ▪ A sharp increase in private equity and strategic driven M&A reflects the growing influence of CRE tech companies and the land grab that’s currently underway as acquirers look to build platforms in the space – Silver Lake and Battery Ventures backed LightBox announced two acquisitions in Q2 2019, Real Capital Markets and Digital Map Products, as they look to build an end-to-end software and data platform in the CRE space targeting commercial services firms, property
    [Show full text]
  • New Opportunties - TF
    New Opportunties - TF Schedule of Investments as of 2017-09-30 (Unaudited) Holding Shares/Principal Amount Market Value ($) Cotiviti Holdings Inc 82,434 2,965,975 LogMeIn Inc 26,688 2,937,014 CDW Corp/DE 44,273 2,922,018 Tivity Health Inc 65,176 2,659,181 XPO Logistics Inc 38,536 2,611,970 Burlington Stores Inc 26,646 2,543,627 Ball Corp 58,574 2,419,106 RingCentral Inc 57,626 2,405,886 Bright Horizons Family Solutions Inc 27,768 2,393,879 MSCI Inc 20,395 2,384,176 Catalent Inc 58,551 2,337,356 CyrusOne Inc 39,336 2,318,070 Dolby Laboratories Inc 38,884 2,236,608 Granite Construction Inc 38,149 2,210,735 SiteOne Landscape Supply Inc 37,779 2,194,960 CBOE Holdings Inc 20,195 2,173,588 2U Inc 38,578 2,161,911 LKQ Corp 59,115 2,127,549 Summit Materials Inc 66,267 2,122,532 AAR Corp 56,143 2,121,083 Planet Fitness Inc 78,462 2,116,905 Callidus Software Inc 83,778 2,065,128 Mercury Systems Inc 39,658 2,057,457 Pool Corp 18,587 2,010,556 Fortune Brands Home & Security Inc 29,197 1,962,914 Brunswick Corp/DE 34,991 1,958,446 Brink's Co/The 23,134 1,949,040 Cooper Cos Inc/The 8,214 1,947,622 Chegg Inc 131,125 1,945,895 Tyler Technologies Inc 11,070 1,929,722 KLX Inc 36,290 1,920,830 Paycom Software Inc 25,177 1,887,268 WABCO Holdings Inc 12,660 1,873,680 Advanced Disposal Services Inc 72,336 1,822,144 Essent Group Ltd 44,825 1,815,412 Installed Building Products Inc 28,011 1,815,113 John Bean Technologies Corp 17,938 1,813,532 Alarm.com Holdings Inc 39,789 1,797,667 ITT Inc 40,325 1,785,188 Acadia Healthcare Co Inc 37,106 1,772,183 Broadridge
    [Show full text]
  • March 31, 2021
    Units Cost Market Value US Equity Index Fund US Equities 95.82% Domestic Common Stocks 10X GENOMICS INC 126 10,868 24,673 1LIFE HEALTHCARE INC 145 6,151 4,794 2U INC 101 5,298 4,209 3D SYSTEMS CORP 230 5,461 9,193 3M CO 1,076 182,991 213,726 8X8 INC 156 2,204 4,331 A O SMITH CORP 401 17,703 28,896 A10 NETWORKS INC 58 350 653 AAON INC 82 3,107 5,132 AARON'S CO INC/THE 43 636 1,376 ABBOTT LABORATORIES 3,285 156,764 380,830 ABBVIE INC 3,463 250,453 390,072 ABERCROMBIE & FITCH CO 88 2,520 4,086 ABIOMED INC 81 6,829 25,281 ABM INDUSTRIES INC 90 2,579 3,992 ACACIA RESEARCH CORP 105 1,779 710 ACADIA HEALTHCARE CO INC 158 8,583 9,915 ACADIA PHARMACEUTICALS INC 194 6,132 4,732 ACADIA REALTY TRUST 47 1,418 1,032 ACCELERATE DIAGNOSTICS INC 80 1,788 645 ACCELERON PHARMA INC 70 2,571 8,784 ACCO BRANDS CORP 187 1,685 1,614 ACCURAY INC 64 483 289 ACI WORLDWIDE INC 166 3,338 6,165 ACTIVISION BLIZZARD INC 1,394 52,457 133,043 ACUITY BRANDS INC 77 13,124 14,401 ACUSHNET HOLDINGS CORP 130 2,487 6,422 ADAPTHEALTH CORP 394 14,628 10,800 ADAPTIVE BIOTECHNOLOGIES CORP 245 11,342 10,011 ADOBE INC 891 82,407 521,805 ADT INC 117 716 1,262 ADTALEM GLOBAL EDUCATION INC 99 4,475 3,528 ADTRAN INC 102 2,202 2,106 ADVANCE AUTO PARTS INC 36 6,442 7,385 ADVANCED DRAINAGE SYSTEMS INC 116 3,153 13,522 ADVANCED ENERGY INDUSTRIES INC 64 1,704 7,213 ADVANCED MICRO DEVICES INC 2,228 43,435 209,276 ADVERUM BIOTECHNOLOGIES INC 439 8,321 1,537 AECOM 283 12,113 17,920 AERIE PHARMACEUTICALS INC 78 2,709 1,249 AERSALE CORP 2,551 30,599 31,785 AES CORP/THE 1,294 17,534 33,735 AFFILIATED
    [Show full text]
  • You Are Cordially Invited to Participate in the 2020 Annual Meeting Of
    April 24, 2020 Dear Stockholder: You are cordially invited to participate in the 2020 Annual Meeting of Stockholders of CoStar Group, Inc., to be held at 10:00 a.m., Eastern Daylight Time, on Wednesday, June 3, 2020 (the “Annual Meeting”). We have adopted a virtual format for the Annual Meeting this year following guidance from global and U.S. health authorities to help limit the spread of the novel coronavirus, or COVID-19. The virtual Annual Meeting will consist of a live webcast. Stockholders can participate from any geographic location with Internet connectivity. You may listen, vote and submit questions during the Annual Meeting via the Internet at www.virtualshareholdermeeting.com/CSGP2020. More information regarding how you can participate in the virtual Annual Meeting is provided in the Proxy Statement. A webcast replay of the Annual Meeting’s audio will be available on the investor relations page of our website after the Annual Meeting. At the Annual Meeting, you will be asked to (1) elect the eight directors named in the Proxy Statement, (2) ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm for 2020, and (3) approve, on an advisory basis, CoStar Group, Inc.’s executive compensation. The accompanying Notice of 2020 Annual Meeting of Stockholders and Proxy Statement describe these matters in more detail. The Board of Directors recommends that you vote in favor of each of the director nominees and the other proposals. Important Notice Regarding the Availability of Proxy Materials for the 2020 Annual Meeting of Stockholders To Be Held on June 3, 2020: The Proxy Statement and our 2019 Annual Report are available at http://investors.costargroup.com/financials.
    [Show full text]
  • Proptech 3.0: the Future of Real Estate
    University of Oxford Research PropTech 3.0: the future of real estate PROPTECH 3.0: THE FUTURE OF REAL ESTATE WWW.SBS.OXFORD.EDU PROPTECH 3.0: THE FUTURE OF REAL ESTATE PropTech 3.0: the future of real estate Right now, thousands of extremely clever people backed by billions of dollars of often expert investment are working very hard to change the way real estate is traded, used and operated. It would be surprising, to say the least, if this burst of activity – let’s call it PropTech 2.0 - does not lead to some significant change. No doubt many PropTech firms will fail and a lot of money will be lost, but there will be some very successful survivors who will in time have a radical impact on what has been a slow-moving, conservative industry. How, and where, will this happen? Underlying this huge capitalist and social endeavour is a clash of generations. Many of the startups are driven by, and aimed at, millennials, but they often look to babyboomers for money - and sometimes for advice. PropTech 2.0 is also engineering a much-needed boost to property market diversity. Unlike many traditional real estate businesses, PropTech is attracting a diversified pool of talent that has a strong female component, representation from different regions of the world and entrepreneurs from a highly diverse career and education background. Given the difference in background between the establishment and the drivers of the PropTech wave, it is not surprising that there is some disagreement about the level of disruption that PropTech 2.0 will create.
    [Show full text]
  • Altegris /AACA Opportunistic Real Estate Fund
    Altegris /AACA Opportunistic Real Estate Fund PORTFOLIO OF INVESTMENTS (Unaudited) September 30, 2020 Shares Value COMMON STOCK - 36.1 % ASSET MANAGEMENT - 0.4 % 32,801 Brookfield Infrastructure Corp. $ 1,816,854 ELECTRIC UTILITIES - 0.9 % 77,975 Brookfield Renewable Corporation 4,569,320 LEISURE TIME - 12.5 % 484,238 Caesars Entertainment, Inc. * 27,146,382 3,344,000 Drive Shack, Inc. * 3,745,280 98,756 Las Vegas Sands Corp. 4,607,955 1,054,511 MGM Resorts International 22,935,614 60,393 Wynn Resorts Ltd. 4,336,821 62,772,052 REAL ESTATE - 3.0 % 890,864 IQHQ *^(a)(b) 14,887,852 TECHNOLOGY SERVICES - 5.1 % 30,069 CoStar Group, Inc. * 25,513,847 TELECOMMUNICATIONS - 14.2 % 449,324 GDS Holdings Ltd. - ADR *+ 36,768,183 2,215,783 Switch, Inc. 34,588,373 71,356,556 TOTAL COMMON STOCK (Cost - $144,134,832) 180,916,481 PARTNERSHIP SHARES -13.9 % ELECTRIC UTILITIES - 5.7 % 250,509 Brookfield Infrastructure Partners LP 11,929,239 311,899 Brookfield Renewable Partners LP 16,390,292 28,319,531 SPECIALTY FINANCE - 8.2 % 2,399,241 Fortress Transportation & Infrastructure Investors LLC 41,098,998 TOTAL PARTNERSHIP SHARES (Cost - $47,859,371) 69,418,529 REITS - 62.6 % REITS - 62.1 % 181,610 Alexandria Real Estate Equities, Inc. + 29,057,600 144,893 American Tower Corp. + 35,024,985 240,140 Americold Realty Trust 8,585,005 217,330 Crown Castle International Corp. + 36,185,445 232,737 CyrusOne, Inc. 16,298,572 25,447 Equinix, Inc. 19,343,028 234,215 Equity Lifestyle Properties, Inc.
    [Show full text]
  • FORM 10-K Costar Group, Inc
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ☐ SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number 0-24531 CoStar Group, Inc. (Exact name of registrant as specified in its charter) Delaware 52-2091509 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 1331 L Street, NW Washington, DC 20005 (Address of principal executive offices) (zip code) (202) 346-6500 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock ($0.01 par value) CSGP Nasdaq Global Select Market Securities registered pursuant to section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes x No o Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No x Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • January 8-10, 2020 the MERITAGE RESORT and SPA | NAPA, CA
    2 0 20 PROGRAM GUIDE January 8-10, 2020 THE MERITAGE RESORT AND SPA | NAPA, CA PRESENTED BY multifamily-social-media.com @MultifamilySMS #MultifamilySMS The Best Source to Keeping Your Communities Full? Yes Way, Rośe. Put the Power of the Apartments.com Network to Work For You! TABLE OF CONTENTS Conference Agenda ................................................................... 3–5 Session Descriptions ................................................................ 7–12 Speaker Biographies .............................................................. 13–17 General Information ...................................................................... 19 Exhibit Floor Plan and Exhibitor List ................................... 20 The Multifamily Social Media Company Profiles ................................................................... 21–24 Summit is the ONLY event specifically developed for Thank You to Our 2020 ............................. Inside Back Cover property management firms Exhibitors & Sponsors leveraging social media and content marketing to retain and attract new residents. Join us next year January 27-29, 2021 when we return to the Meritage Resort and Spa in Napa, CA! Multifamily Social Media Summit | multifamily-social-media.com | #MultifamilySMS 1 Attract, Engage and Convert More Renters to Residents • On average during peak leasing season, the RentPath Network sees close to 10M unique visitors each month.1 • Capture more incoming leads with around-the-clock call answering. • Secure your online reputation and let
    [Show full text]
  • UUCEF's Reported Holdings
    Unitarian Universalist Common Endowment Fund, LLC "Top 50" Holdings and Summary Report as of December 31, 2020 Asset Name Shares Market Value SEA LTD ADR 7,505 1,493,870.25 NETFLIX COM INC 2,450 1,324,788.50 SQUARE INC A 5,910 1,286,252.40 VISA INC CLASS A SHARES 5,780 1,264,259.40 SERVICENOW INC 2,045 1,125,629.35 AMAZON COM INC 325 1,058,502.25 MATCH GROUP INC NEW 6,468 977,896.92 UBER TECHNOLOGIES INC 18,435 940,185.00 TWILIO INC A 2,220 751,470.00 ADOBE INC 1,490 745,178.80 FACEBOOK INC CLASS A 2,562 699,835.92 ZOETIS INC 3,828 633,534.00 INTUIT INC 1,665 632,450.25 J P MORGAN CHASE CO 4,953 629,377.71 ALIGN TECHNOLOGY INC 1,165 622,552.70 CHARTER COMMUNICATIONS INC NEW 863 570,917.65 COSTAR GROUP INC 602 556,416.56 BERKSHIRE HATHAWAY INC CL B 2,348 544,430.76 ZILLOW GROUP INC C 3,700 480,260.00 WALT DISNEY CO THE 2,541 460,378.38 WARNER MUSIC GROUP CORP CL A 11,890 451,701.10 BANK OF AMERICA CORP 14,865 450,558.15 TDK CORP 2,800 421,444.14 FLOOR DECOR HOLDINGS INC A 4,485 416,432.25 PFIZER INC 11,239 413,707.59 UNILEVER PLC-SPONSORED ADR 6,655 401,695.80 ROCHE HLDG LTD SPONSORED ADR 9,145 399,599.01 ING GROEP N.V. 42,390 396,310.28 ILLUMINA INC 1,045 386,650.00 ISHARES RUSSELL 1000 VALUE ETF 2,820 385,578.60 SAMPO PLC 8,930 377,722.24 DAIKIN INDUSTRIES 1,700 377,393.58 AXA SA SPONSORED ADR 15,395 367,538.84 INFINEON TECHNOLOG 9,155 351,618.23 AIA GROUP LTD 28,599 350,394.32 VERIZON COMMUNICATIONS INC 5,947 349,386.25 SCHNEIDER ELECTRIC 2,375 343,771.67 ATLASSIAN CORP PLC CLASS A 1,450 339,111.50 VONOVIA SE 4,590 335,617.81 ORSTED
    [Show full text]
  • Itrcbreachreport2013.Pdf
    Report Date: Identity Theft Resource Center 2/27/2015 2013 Breach List: Breaches: 614 Exposed: 62,001,589 Page 1 of 122 How is this report produced? What are the rules? See last page of report for details. ITRC Breach ID Company or Agency State Est. Date Breach Type Breach Category Records Exposed? # Records Rptd ITRC20131231-05 Lakes Liquor MN Electronic Business Yes - Unknown # 0 **ITRC does not consider a password adequate protectionA security for breachedbreach that data. compromised hundreds of debit and credit cards in Becker County has been traced to Lakes Liquor in Detroit Lakes. Customers who used a card at the store between Oct. 27 and Nov. 25 may be affected. Information involved customer names, credit or debit card numbers, the card's expiration date and security code. People should check their credit report, review account statements and contact the bank that issued the card to check for suspicious or unusual activity. Attribution 1 Publication: kfgo.com / privacyrights.org Author: Date Published: Article Title: Security breach traced to Detroit Lakes liquor store Article URL: http://kfgo.com/news/articles/2013/dec/24/security-breach-traced-to-detroit-lakes-liquor-store/ ITRC Breach ID Company or Agency State Est. Date Breach Type Breach Category Records Exposed? # Records Rptd ITRC20131231-04 Orient-Express Hotels NY Electronic Business Yes - Unknown # 0 **ITRC does not consider a password adequate protectionThe Orient-Express for breached Hotelsdata. Ltd. and its subsidiaries have notified an unspecified number of customers of a breach involving their credit card information. Attribution 1 Publication: databreaches.net / NH AG's office Author: Date Published: Article Title: Orient-Express Hotels Article URL: http://www.databreaches.net/orient-express-hotels-notifies-guests-after-data-security-breach/ ITRC Breach ID Company or Agency State Est.
    [Show full text]