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.