By: Mark McDonald, President CoStar Real Estate Manager and Visual Lease
Six months ago, Visual Lease joined the CoStar Group to bring together two market leaders in lease lifecycle management—and we’ve made that decision with full clarity on what makes each platform successful.
To be clear, our approach is not about consolidation. It’s about amplifying the strengths of each solution to create even more value for our customers – without disrupting what already works.
That excites us, and we hope it excites you as well. In Visual Lease, we see a proven solution that will only grow stronger and more capable.
So, what does that mean for VL customers now and in the future?
The Visual Lease you trust – now backed by the power of CoStar
What’s new is Visual Lease now has the scale and support of CoStar Group – a global leader in real estate technology and data – with the resources and commitment to drive more innovation and dream bigger.
Here’s what that means:
- Additional product investment – By joining the CoStar family, Visual Lease now has access to the power of the company’s technology, research and development teams, which work with big data, ground-breaking analytics,AI models and research to continually build new tools that shape the commercial real estate market.
- Solutions powered by the world’s largest lease dataset – CoStar Data is in a class of its own – and that means CoStar Group companies are in a unique position to deliver the most powerful data tools and AI models in the market. As part of the CoStar ecosystem, Visual Lease now will be able to integrate market intelligence and benchmarking that simply wasn’t possible before—creating opportunities for smarter decision-making in the future.
- A better experience for joint customers – VL customers who use CoStar Data will ultimately leverage lease management tools, alongside strategic insights, to help you optimize decision-making with more efficiency.
Already moving: VL product and partner momentum
Since the acquisition closed, we’ve hit the ground running. These are just a few highlights from the last six months:
Visual Lease was named a Workday Innovation partner. With the launch of our integration with Workday, automating the bi-directional exchange of critical financial data points, while maintaining controls and ensuring compliance with ASC 842, IFRS 16, FRS 102, and GASB 97/96 standards.
Our new Document Manager module makes document management across the portfolio even easier, allowing customers to centrally upload, assign, and manage leases, insurance documents, service contracts, floor plan and anything else.
Our new Point-in-Time Transfer Tools accelerate implementations for companies migrating to Visual Lease, automatically generating accounting schedules without the need to rebuild historical accounting scenarios for accurate entries – one-off or at scale.
What the acquisition means for you
We’re supporting both solutions in parallel – There are no changes to existing contracts, your support team, or the core experience you rely on.
We’re continuing to invest in innovation – Our roadmap continues to be guided by customer feedback, regulatory needs, and our long-term product vision to combine market leading lease management and accounting tools with real estate market intelligence. Our focus is on earning your trust by listening closely, building responsibly, and helping you meet the evolving demands of lease accounting and real estate management.
We’re committed to stability – Customers can continue operating confidently on the platforms they know and trust.
Looking ahead, with flexibility and focus
We’re still in the early innings of what’s possible together. There may be places where we can create even more value across the Visual Lease and CoStar Real Estate Manager ecosystems: data, services, integrations, tech partnerships and reporting.
But we’re not making assumptions—and we’re not rushing changes.
Our product direction will continue to be grounded in what our customers need, not in consolidation for its own sake. Visual Lease remains an actively-supported platform. We’ll continue to evolve it to meet the demands of finance and real estate leaders — wherever those demands take us.
If you’re considering a new provider for lease management and accounting, we’d love to show you what Visual Lease can do for your portfolio.
