Watch the presentation from Andy Florance, Founder and CEO of CoStar Group, Inc., at the 30th Annual Baron Investment Conference.
▬ Contents of this video ▬▬▬▬▬▬▬▬▬▬
0:00 - Introduction
1:39 - Andy Florance and Real Estate as an Asset Class
4:28 - Digitizing Real Estate
5:40 - The Bloomberg of Real Estate
8:44 - CoStar Products and Services
14:39 - Growth of CoStar
15:57 - Innovation in Residential Real Estate
25:39 - Real Estate Broker Commissions
26:29 - International Expansion
29:03 - Monetizing Homes.com
31:00 - Audience Q&A
33:30 - For Sale by Owner
34:07 - Will LLMs Help or Hurt the Business
36:27 - Lawsuits and Future of Brokerage Industry
39:00 - Flipping Homes as a Business
40:01 - How to Gather Data? How Much Does it Cost?
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Investors should consider the investment objectives, risks, and charges and expenses of the investment carefully before investing. The prospectus and summary prospectuses contain this and other information about the Funds. You may obtain them from the Funds’ distributor, Baron Capital, Inc., by calling 1-800-99-BARON or visiting baronfunds.com. Please read them carefully before investing.
Risks: All investments are subject to risk and may lose value.
The discussions of the companies at the Conference are not intended as advice to any person regarding the advisability of investing in any particular security. The views expressed at the Conference reflect those of the respective speakers. Those views are not intended as recommendations or investment advice to any person and are subject to change at any time based on market and other conditions and Baron Capital has no obligation to update them. Baron Capital has provided website addresses of companies participating in our Investment Conference as a convenience to our attendees. Baron Capital is not responsible for the content of these sites.
Portfolio holdings as a percentage of net assets as of September 30, 2023 for securities mentioned are as follows: CoStar Group, Inc. - Baron Asset Fund (4.3%), Baron FinTech Fund (1.5%), Baron Focused Growth Fund (4.3%), Baron Growth Fund (5.3%), Baron Opportunity Fund (2.9%), Baron Partners Fund (7.6%*), Baron Real Estate Fund (4.4%), Baron Technology Fund (1.9%).
*% Long Positions
Portfolio holdings are subject to change. Current and future portfolio holdings are subject to risk.
BAMCO, Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Baron Capital, Inc. is a broker-dealer registered with the SEC and member of the Financial Industry Regulatory Authority, Inc. (FINRA).