WASHINGTON – October 1, 2020 -- CoStar Group, Inc. (NASDAQ: CSGP) will announce financial results for the third quarter 2020 following the market close on Tuesday, October 27, 2020. See the complete profile on LinkedIn and discover Sarah… But I think if you look at each of the businesses, the marketplaces were very steady sequentially in the quarters. Such statements include, but are not limited to, statements about CoStar Group's plans, objectives, expectations, beliefs and intentions and other statements including words such as “hope,” “anticipate,” “may,” “believe,” “expect,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology.

Hi, thanks. This quarter has again demonstrated that our data and information are mission-critical to our customers and that our marketing business are countercyclical. And by my math I think you guys end up the year pretty close to that in '19 give or take. So he's actually becoming a client for our online leasing tools for small property owners, which is helpful as we try to move it upstream. We want to continue the work we began with apartments.com and make all of our products polyglot, ideally supporting both the English language and the local language in those products.

Banks almost always lend money across many property types. So we'll use RentPath and rent.com in particular as a vehicle to enter this new, smaller property market in which we're less than 1% penetrated right now. The hardest hit sectors of the economy, like restaurants, hospitality, entertainment, are struggling to try and reopen safely as the colder months of the year approach and what appears to be a third wave of infections is beginning to ramp up or as Dr. Fauci says the first wave. Really, it wants me to -- it really wants to do that. Although the room now has these massive, huge air-purifying fans and we're sitting at least eight feet apart, we're at about the safest place you could be. Our next question is from Brett Huff with Stephens. Tens of millions of viewers watched that awesome free placement. Over the next 12 to 18 months, we plan to build out a dedicated LoopNet sales team with an incremental 100 to 200 sales professionals. Sarah Spray-- Investor Relations Thank you. swheeler@costar.com, Sarah Spray The transaction is subject to the customary closing conditions, regulatory review, as well as approval by the bankruptcy at court. This was one of our strongest sales quarters ever despite the continued high levels of economic, social and public health uncertainty.

Revenue and information services for the fourth quarter of 2019 grew 52% versus the fourth quarter of 2018, which translates to around 3% revenue growth in the fourth quarter excluding STR. Traditionally or historically in commercial real-estate, the broker built a short list of potential properties for a major tenant to consider, and then closely accompanied that tenant on that all so important tour of those perspective properties. Historically, the last quarter of the year has been the lowest seasonal quarter for share readvertising. Two weeks ago we announced our agreement to acquire RentPath from Chapter 11 bankruptcy. For example, in '18, the keyword for Downtown Los Angeles apartments could be purchased for $0.42.

The following factors, among others, could cause or contribute to such differences: the risk that the businesses of Ten-X and CoStar may not be combined successfully or in a timely and cost-efficient manner, including integration of the Ten-X platform into LoopNet and CoStar; the possibility that the volume of distressed properties coming to market will not be as expected; the risk that business disruption relating to the Ten-X acquisition may be greater than expected; the risk that synergies as a result of the acquisition of Ten-X may not be as expected, may not be fully realized, or may take longer to realize than expected; the risk that the acquisition does not produce the expected results for CoStar and Ten-X (or their customers), including an expanded buyer database to draw bidders for auctions; the risk that CoStar’s business plans may change; and the risk that the combination and integration of Ten-X will disrupt CoStar’s or Ten-X’s operations or result in the loss of customers or key employees.

We believe that each time we add a new property segment, our solutions become more valuable to many of our clients because we offer them a more comprehensive solution to their needs. Thank you for taking the question. And as Andy mentioned, we're looking forward to replicating that same model for similar results with LoopNet. Thank you, Andy. Please go ahead. In the industrial sector, demand slowed in '19, but mostly because so little space is currently available. So it's a teeny company but it's a fun one.

We are -- the new international CoStar really looks quite impressive when you see it. I'm just curious about Q3 new bookings. Brooklyn, NY 11219, CoStar Group We anticipate our adjusted EBITDA margin for the fourth quarter of 2020 will be at or above the 38% adjusted EBITDA margin we achieved in the fourth quarter of 2019. Ten-X partners with commercial real estate brokers providing them with technology that makes them more efficient, reduces the time to sale, and speeds commission payments. At the same time, it's a huge number compared to the average price point of only $10 to $20 a month that LoopNet was getting when we purchased LoopNet a little more than eight years ago. CoStar data tells us that the third quarter 2020 was actually a new record for industrial leasing volume.

They don't have the current availability and comparable sale data we might have. You're correct, we have about a 15% organic growth rate scheduled out for the year.

And I hope you all have a good evening, and stay safe. Our increased investment in marketing is driving these gains and allowing us to further distance ourselves from our competition. But we haven't set our plans for 2021 yet. You must click the activation link in order to complete your subscription. There wasn't a slowing in the first month and then a big acceleration to the end. This trade rate of 68% is groundbreaking.

We will be able to use this data to inform our forecast models and analytics and to enhance our overall research efforts. In the third quarter, LoopNet's record high in average monthly unique visitors at 8.3 million supported that revenue growth. and it's an area we feel very comfortable with because we've been working with that space for a while. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Commercial real estate weathered a tough second quarter and showed resilience in Q3 2020, even the hardest hit sectors of the market. All right thanks, good afternoon. All the transactions conducted on the Ten-X platform require a broker and since inception the platform has helped brokers earn close to one billion dollars in fees. This is more of a tuning it to make sure we're bringing the demand to the marketplace. For the fourth quarter 2019 our average revenue per property reached $800 as our customers continued to buy higher value advertising packages for increased lead performance. As we've said previously, the business exited 2019 at a revenue run rate in the low $60 million range. Before I turn the call over to Andy Florance, CoStar's CEO and Founder; and Scott Wheeler, our CFO, I would like to review the safe harbor statement which has some new language, so listen up. Obviously, there's a terrible human cost here, but the question is more technical in the business. And then as those moratoria roll off presumably at some point, what is the impact on Apartments then? We generate strong double digit growth across all our primary businesses with multi-family leading the way with 21% year-over-year growth.

Renewal rate on annual contracts for the third quarter of 2020 was 89%, in line with the second quarter, slightly better than we expected. CoStar Group, Inc. (NASDAQ: CSGP) is commercial real estate's leading provider of information, analytics and online marketplaces. Stock Advisor launched in February of 2002. We expect EBITDA for STR to be between negative $7 million to negative $9 million for 2020, which includes significant retention bonuses paid by the seller, along with other acquisition related costs. Renewal rate for the quarter for customers who've been subscribers for five years or longer remained strong and steady, in line with the 95% renewal rate from the second quarter of 2020. They're similar to the high-end quality ads on Apartments.com. The opportunity to grow our client base and the properties with less than 100 units is much more exciting. So a little bit bigger question because I'm having trouble trying to wrap my head around it and I've gotten some questions from clients. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S. and in Europe, Canada and Asia with a staff of over 4,200 worldwide, including the industry’s largest professional research organization. Amazon obviously led the way, but a deep roster of firms are looking to expand their distribution footprints to catch up. I believe it's running about an average of $320 per unit, something like that. By providing your email address below, you are providing consent to CoStar Group, Inc. to send you the requested Investor Email Alert updates. Can you talk about what you're seeing from a sales perspective? I am sorry. [Operator Instructions] And our first question comes from Ryan Tomasello with KBW.