CoStar Real Estate Manager
by CoStar Group · Lease Accounting
Lease accounting and administration platform for ASC 842 and IFRS 16 compliance.
- Works with
- SAP, Oracle, Workday, NetSuite, Microsoft Dynamics
- Deployment
- Cloud
- Pricing
- Quote-based
Overview
CoStar Real Estate Manager is a commercial lease management platform, part of the CoStar Group product suite, that combines lease accounting and lease administration with CoStar's real estate market data and analytics. It is built for corporate and retail enterprises that need to manage large real estate and equipment lease portfolios while staying compliant with current lease accounting standards.
The platform automates lease classification, measurement and reporting under ASC 842, IFRS 16, FRS 102 and ASC 840/local GAAP, generating journal entries, remeasurements and retrospective true-ups with audit-ready detail and version tracking. On the administration side it handles critical date tracking, renewal and transaction processing, rent payments, and portfolio planning, bringing real estate and accounting teams into a single system instead of spreadsheets.
CoStar markets over 1,000 system integrations and describes managed, configurable data connections into ERP and financial systems (SAP, Oracle, NetSuite, Microsoft Dynamics, PeopleSoft, JD Edwards) so that journal entries, AP/AR transactions and rent schedules stay synchronized with the general ledger. CoStar Group also owns Visual Lease, a competing lease accounting platform, giving the combined company the two most widely used lease accounting/administration products.
Screenshots & demo
Demo video from the vendor's YouTube channel.
Features & capabilities
Lease Accounting & Compliance
Automated lease classification, measurement and reporting under multiple accounting standards.
- ASC 842 compliance and reporting
- IFRS 16 compliance and reporting
- FRS 102 support
- ASC 840 and local/statutory GAAP support
- Automated lease remeasurements and modifications
- Retrospective true-up journal entries
- Audit-ready reports with built-in detail and version tracking
Lease Administration
Centralised tracking and workflow for real estate and equipment lease obligations.
- Critical date and renewal notifications
- Automated renewal transaction processing
- Real estate-to-accounting workflow automation
- Real estate and equipment lease support in one system
- Multiple rent/amortization schedules per lease
Rent Payments
Automated payment processing tied to lease terms.
- Automated rent payment processing
- AP/AR transaction handling
- Payment alignment with lease schedules
Reporting & Disclosures
Financial disclosure and roll-forward reporting for lease portfolios.
- Roll forward and amortization reporting
- Disclosure reports for compliance documentation
- Portfolio performance metrics
Real Estate Data & Portfolio Planning
CoStar market data layered onto the lease portfolio.
- Integrated CoStar market data and analytics
- Portfolio planning and optimisation tools
- Rent roll and lease term visibility
Connectivity & Integration
Managed connections into ERP and financial systems.
- Managed integrations to SAP, Oracle, Workday, NetSuite and Microsoft Dynamics
- Integrations with PeopleSoft and JD Edwards
- Scheduled or event-driven data synchronization
- Consulting-led integration setup with a dedicated rep
Common use cases
- Achieving and maintaining ASC 842 / IFRS 16 compliance for a large corporate real estate lease portfolio
- Consolidating real estate and equipment leases into one system instead of spreadsheets across teams
- Automating lease remeasurements and retrospective true-ups when lease terms change
- Posting automated rent-related journal entries and AP/AR transactions into an existing ERP general ledger
- Tracking critical dates and automating renewal processing across hundreds or thousands of retail store leases
- Producing audit-ready disclosure and roll-forward reports for external auditors
- Layering CoStar market data onto a lease portfolio for site selection and portfolio optimisation
Strengths & considerations
Strengths
- Combines lease accounting/administration with CoStar's proprietary commercial real estate market data and analytics in one platform
- Backed by CoStar Group, which also owns Visual Lease, giving the parent company the two most widely used lease accounting/admin products
- Consulting-led implementation model with a dedicated rep managing ERP integrations rather than a pure self-serve connector
ERP integrations
Journal entries, AP/AR and GL data synchronized on a scheduled or event-driven basis
GL/AP/AR integration; CoStar cites 500+ enterprise ERP/accounting integrations including Oracle
Pricing
Priced by number of real estate/equipment leases, owned or leased locations, or active transaction projects rather than by user; not publicly listed, contact CoStar for a quote. Get an independent shortlist with pricing guidance below.
Technical & security
- Hosting
- SaaS
- Compliance
- SOC 1, SOC 2
Alternatives to CoStar Real Estate Manager in Lease Accounting
CoStar Real Estate Manager — frequently asked questions
Does CoStar Real Estate Manager integrate with SAP?
Yes. CoStar Real Estate Manager offers a managed, configurable data connection to SAP that synchronizes journal entries, AP/AR and GL data on a scheduled or event-driven basis, and CoStar cites experience building 900+ integrations for ERP, accounting and related systems.
What ERP systems does CoStar Real Estate Manager connect to?
CoStar Real Estate Manager connects to SAP, Oracle, NetSuite, Workday, Microsoft Dynamics, PeopleSoft and JD Edwards, keeping journal entries, rent payments and reports aligned with the general ledger.
How much does CoStar Real Estate Manager cost?
Pricing is quote-based and not published. It is typically driven by the number of real estate or equipment leases, owned or leased locations, or active transaction projects rather than a per-user fee; contact CoStar for a quote.
Which lease accounting standards does CoStar Real Estate Manager support?
It supports ASC 842 and ASC 840 (U.S. GAAP), IFRS 16 (international), and FRS 102 (UK/Ireland), automating lease classification, measurement, remeasurements and disclosure reporting.
Evaluating Lease Accounting?
Tell us your ERP and requirements and we'll send an independent shortlist — including CoStar Real Estate Manager and the best-fit alternatives — with honest pros and cons.