With a focus on accelerating “cost synergies” within its apartment rental listings services, Washington, D.C.-based CoStar Group has named Scott Wheeler chief financial officer.

  • CoStar is expecting its listing services to expand
  • Hiring comes after firm reported nearly 25 percent quarter-over-quarter revenue growth
  • Retail, multifamily, office and industrial sectors all up in the Northeast

With a focus on accelerating “cost synergies” within its apartment rental listings services, Washington, D.C.-based CoStar Group has named Scott Wheeler chief financial officer.

Wheeler previously served as CFO of Experian North America and Experian Global Technology Services. During his tenure, Experian’s revenue grew from $3 billion to $5 billion, according to a CoStar release.

In his new role, Wheeler is responsible for the firm’s accounting, financial planning, internal controls, reporting and compliance, treasury, investor relations, tax and financial operations.

This hire comes after CoStar recently announced that revenue for the third quarter of 2015 was $189.1 million, an increase of approximately 24 percent over the third quarter of 2014.

CoStar’s rental listings services include Apartments.com, ApartmentFinder.com and ApartmentHomeLiving.com. The firm also maintains Loopnet, a commercial real estate marketplace.

According to the firm’s recent commercial repeat sales indices, the multifamily, office, retail and industrial industries all hit peak levels in the Northeast during the third quarter.

Email Erik Pisor

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Prepare for this fall with top agents & brokers at Connect Now on September 21.GET YOUR TICKET×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription