Christopher Nassetta, Host Marriott CEO, Joins CoStar Group Board of Directors.Business Editors BETHESDA, Md.--(BUSINESS WIRE)--June 18, 2002 CoStar Group, Inc. (Nasdaq:CSGP CSGP Combat Support Group (USAF squadron type) CSGP Computer Systems Group ), the leading information provider to the U.S. commercial real estate industry, announced today that Christopher J. Nassetta has been elected by shareholders to serve on CoStar's Board of Directors. Mr. Nassetta, 39, is the President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bethesda-based Host Marriott Corporation, a position he has held since May 2000. He joined Host Marriott in 1995 as Executive Vice President and was elected Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. in 1997. Prior to joining Host Marriott, Mr. Nassetta served as President of Bailey Realty Corporation from 1991 until 1995, and had previously served as Chief Development Officer and in various other positions with The Oliver Carr Company from 1984 to 1991. Mr. Nassetta serves on the Board of Directors of Host Marriott. He also serves on the Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of Prime Group Realty Trust and as a member of the McIntire School of Commerce The McIntire School of Commerce is the University of Virginia's undergraduate business school. It was founded in 1921 through a gift by Paul Goodloe McIntire. The two-year McIntire program offers students B.S. Advisory Board for the University of Virginia. "We are pleased to have someone of Chris's experience and stature join our board," stated CoStar President and CEO Andrew C. Florance. "His extensive experience in commercial real estate and his skill in managing successful operations across a broad geographic platform will be most valuable in our next phase of growth." About CoStar Group, Inc. Headquartered in Bethesda, MD, CoStar Group, Inc. (Nasdaq:CSGP), is the leading provider of information services See Information Systems. to the U.S. commercial real estate industry. CoStar's suite of products offers customers access to the most comprehensive, verified database of commercial real estate information in 50 U.S. markets. The company has approximately 800 employees nationally in 29 offices, including the industry's largest professional research organization. For more information, visit www.costar.com. This news release includes "forward-looking statements," which involve many risks and uncertainties that could cause actual results to differ materially from these statements. Factors that could cause or contribute to such differences include, but are not limited to, those stated in CoStar's Form 10-Q Form 10-Q See 10-Q. for the quarter ended March 31, 2002, under the heading "Risk Factors." All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update such statements. |
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