CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, has announced that it has reached a definitive agreement to acquire Visual Lease, which is backed by Spectrum Equity and Growth Street Partners. The strategic acquisition will enhance CoStar Group’s Real Estate Manager business line and provide additional lease management and lease accounting value to corporations of all sizes.

Latham & Watkins LLP represents Visual Lease, LLC in the transaction with a corporate deal team led by Boston partners Ryan McCarthy and Elizabeth Slawsby, with associates Gabrielle Carusello and Jessica Allali. Advice was also provided on tax matters by Century City/Los Angeles partner Pardis Zomorodi, with associate Brian Rogers; on executive compensation, employment, and benefits matters by Bay Area partner Ashley Wagner; on IP matters by Boston partner Sarah Gagan, with associates Deborah Hinck and Victoria Allen; and on antitrust matters by Bay Area partner Joshua Holian and Washington, D.C. counsel Britton Davis, with associate Hanna Nunez Tse.