CoStar Group Partners with Richmond Public Schools to Provide School Supplies for More than 35,000 Students

CoStar Group continues its commitment to the Richmond community by serving as the lead sponsor of the sixth annual Ultimate Backpack Supply Drive

RICHMOND, Va.--(BUSINESS WIRE)--CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information and analytics in the property markets, today announced it is serving as the lead sponsor of the sixth annual Ultimate Backpack Supply Drive, a program working to provide students at Richmond public schools with more than 35,000 backpacks filled with essential school supplies to help start the school year off on the right foot, free of charge.

In partnership with the Richmond Public School System and VCU, this year’s in-person donation event is taking place on Thursday, August 10th and is being held at the Richmond Raceway. The donations for this year provide school supplies for all Title 1 schools in the Richmond Public School System as well as neighboring school districts for students K-12. 2023 marks the fifth year that CoStar Group has served as the lead sponsor of the event.

“As the one of the largest employers in Richmond, CoStar Group is thrilled to continue to invest in the Richmond community through providing students in need with the tools they need to thrive,” said Andy Florance, CoStar Group Founder and Chief Executive Officer. “We’re excited to be able to help set the groundwork for academic success as students return to school this Fall.”

This donation is a part of CoStar Group’s ongoing commitment to education and the Richmond community. Earlier this year, the company announced an $18 million partnership with VCU to help support the development of VCU’s planned Arts and Innovation Academic Building. In addition, CoStar Group issued a $5 million pledge to Management Leadership for Tomorrow, a national nonprofit dedicated to providing African American, Latinx, and Native American students with the training, coaching and access to career development pipelines necessary to become the next generation of business leaders. These donations and activities demonstrate CoStar Group’s deep commitment to supporting educational initiatives both nationally and within the Richmond community.

For more information about the company and its products and services, please visit www.costargroup.com.

About CoStar Group 
CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1987, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities. Apartments.com is the leading online marketplace for renters seeking great apartment homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most heavily trafficked online commercial real estate marketplace with over twelve million monthly global unique visitors. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X offers a leading platform for conducting commercial real estate online auctions and negotiated bids. Homes.com is the fastest growing online residential marketplace that connects agents, buyers, and sellers. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France’s leading commercial real estate news service. Thomas Daily is Germany’s largest online data pool in the real estate industry. Belbex is the premier source of commercial space available to let and for sale in Spain. CoStar Group’s websites attract nearly 100 million unique monthly visitors. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia. From time to time, we plan to utilize our corporate website, CoStarGroup.com, as a channel of distribution for material company information. For more information, visit CoStarGroup.com.