Source: Daily Journal
With San Francisco Corporate partner Patrick Devine at the helm, Pillsbury advised Cozy Services Ltd. in its $68 million sale to CoStar Realty Information Inc.
Cozy Services provides solutions for the online rental property market, with more than 50,000 landlords using its platform. Property listings, rental estimates and applications, screenings and online payments are some of the services the company offers landlords and tenants. More than 120,000 tenants make online payments through the Cozy platform, totaling more than $1.4 billion in payments during the past year.
CoStar offers online lease management through its Real Estate Manager products. More than 200,000 commercial leases for office, retail and industrial clients are managed through the platform, which represents $38 billion in lease payments annually. The deal is expected to boost CoStar’s multifamily property services, and the company expects to fully integrate Cozy into the Apartments.com platform in the first half of 2019.
Along with Devine, the Pillsbury team members included Deborah Carrillo, Alexandra Brandt, Matthew Lewis, Jessica Lutrin, Cindy Schlaefer, Benjamin Asch, Laura Watts, Richard Nielsen, Vijay Toke, David Jakopin, Sam Iverson, Mercedes Tunstall, Matthew Rabinowitz, Alex Lathrop, David Furbush.