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CoStar Group Founder & CEO Andrew Florance Honored by Leadership Enterprise for a Diverse America Organization

WASHINGTON, Feb. 03, 2016 (GLOBE NEWSWIRE) -- Andrew Florance, Founder and CEO of CoStar Group, Inc., was honored last night by Leadership Enterprise for a Diverse America (LEDA) at the organization’s annual reception for his entrepreneurial leadership and commitment to education.

LEDA is a national non-profit organization dedicated to diversifying our nation’s leadership pipeline by enabling high-achieving students from low-income backgrounds to gain admission to and succeed at our nation’s most selective colleges. Every year, LEDA selects 100 LEDA Scholars who attend a seven-week summer program on the campus of Princeton University where they engage in leadership study, writing instruction, college guidance, standardized test preparation, and experience campus life. LEDA continues to support students throughout their senior year of high school during each stage of the college admission process, and assists them as they transition to and through college.

“Given that approximately 50% of government and corporate industry leaders have graduated from only 12 selective colleges, it is crucial that talented low-income students have access to these institutions in order to maximize their leadership potential,” said Beth Breger, Executive Director of LEDA. “Thanks to the generous support of entrepreneurial leaders like Andy Florance, LEDA can help make our nation’s leadership sectors more reflective of our citizenry.”

“It is truly my honor to be able to contribute to the LEDA organization and witness the accomplishments of the young men and women who have participated and then go on to make positive contributions to the world,” said Florance. “I am humbled to be able to watch these students flourish as a result of such an outstanding program.”

In addition to his work with LEDA, Florance serves in leadership roles for various cultural, educational and community service endeavors.

In his dorm room at Princeton, Florance first conceived the concept for what is now CoStar Group, the leading information provider of commercial real estate information, analytics and online marketplaces.

About CoStar Group

CoStar Group, Inc. (NASDAQ:CSGP) is the leading provider of commercial real estate information, analytics and online marketplaces. 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. LoopNet is the most heavily trafficked commercial real estate marketplace online with more than 10 million registered members. Apartments.com, ApartmentFinder.com and ApartmentHomeLiving.com currently form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Through an exclusive partnership with Move, a subsidiary of News Corporation (NWS) (NWSA) (NWS) (NWSLV), Apartments.com is the exclusive provider of apartment community listings across Move’s family of websites, which include realtor.com®, doorsteps.com and move.com. CoStar Group operates websites with over 23.7 million unique monthly visitors in aggregate as of September 2015. Headquartered in Washington, DC, CoStar maintains offices throughout the U.S. and in Europe and Toronto with a staff of approximately 2,850 worldwide, including the industry's largest professional research organization. For more information, visit www.costargroup.com.

Media Contact: Keosha Burns Director, Public Relations 202-535-5492 kburns@costar.com

Source:CoStar Group, Inc.