Visual Lease makes a platform serving more than 1,500 corporate clients. The acquisition bolsters CoStar’s core commercial real estate business.
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Lorber had served as chairman since 2003 but in the months leading up to his retirement faced scrutiny following a pattern of financial losses and the Alexander brothers scandal.
The relationship will place RentSpree’s software within CTXMLS’s listing module, empowering agents who work with landlords, investors and renters to easily opt-in to displaying the screening interface.
The Citadel CEO has been offloading his Chicago properties as he continues to separate from the Windy City and put down more roots in Miami, where he and his company relocated in recent years.