CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics, and online marketplaces has announced its acquisition of Off Campus Partners, LLC, a leading online multifamily marketplace service for student housing in the United States. Transact Capital Partners advised Off Campus Partners (OCP) on their sale. Jim Sowers, Patrick Morin and Leslie Garry led the transaction for Transact Capital.
Founded in Charlottesville, Virginia in 2000 by a University of Virginia student, OCP enters into exclusive agreements with universities, most of which are multi-year, to provide an off-campus housing listing service for students, parents, and faculty/staff. Currently, it has existing contracts with 132 universities servicing over 2 million off-campus students. OCP university partners include, among many others, the University of Michigan, Vanderbilt, the University of Arizona, Boston College, the University of Miami, Clemson, the University of Iowa and University of North Carolina at Chapel Hill.
James “Duke” Jones, Off Campus Partners President, said “We are excited to become part of CoStar Group and the very successful Apartments.com network. This is an outstanding opportunity to expand what we have developed to service more students and universities across North America.”