Battle of the Bids Contest Heats Up as Ten-X Unveils Round Two Winners

Rhea-AI Summary

CoStar Group has announced the winners of round two in its Battle of the Bids contest, with contestants claiming $500,000 in total cash prizes. Notable winners include Derrick Vartanian from Keller Williams, who earned $100,000. The contest features over 1,000 contestants and a chance to win a $1 million grand prize. Round three begins on May 9, 2022. Participants predict auction prices to accumulate points for prizes ranging from $100 to $100,000.

Positive

• Over $500,000 awarded in cash prizes to date.
• High participation with over 1,000 contestants in the contest.
• Excitement and engagement in the contest may enhance brand visibility.

Negative

• None.

$500,000 in Winnings Have Already Been Awarded to Date, $1 Million Grand Prize Still Up for Grabs

WASHINGTON--(BUSINESS WIRE)-- Ten-X – the world’s largest online commercial real estate exchange – today unveiled the cash prize winners as round two of the company’s Battle of the Bids contest comes to a close.

Over 1,000 contestants have already claimed a total of $500,000 in cash winnings, including round two contestant Derrick Vartanian; Keller Williams, who won $100,000. Ten other players in this round have claimed $10,000 each, Kyle Hynes, Marcus & Millichap; J. Ches Wilson, Pacific West Land; Mario Francisco Frech PA, Broker's LLC; Matt Pauley, Cicero Capital Partners; Sam Koonce, Atlantic Retail; Chase Murphy, Skyline Seven Real Estate; Hunter Fries, JLL; Eric Martinez, New River Brokerage; Ryan Bub, The Bancorp; and Andrew Dale, Cortland.

“We’re incredibly excited to announce this group of winners as round two of our inaugural Battle of the Bids contest comes to a close,” said Ten-X President Steve Jacobs. “We’re thrilled at the level of participation we’re seeing in the games and cannot wait to see who comes out on top to claim the $1 million cash prize.”

Battle of the Bids allows customers to bet on Ten-X’s auctions. Participants select up to ten properties in each round and bet what they think each will sell for — the closer each bet is to the winning bid amount at the end of the auction, the more points they earn. In each of eight rounds, over 500 winners will claim prizes ranging from $100 to $100,000. The Battle of the Bids player that accumulates the most points throughout all rounds will become the grand prize winner and win $1 million, plus an additional $100,000 to donate to a charity of their choice.

A full list of winners to date can be found at BattleoftheBids.com/winners-list.

Round three of the contest begins on May 9, 2022. Battle of the Bids is open to all CoStar Group clients using their existing platform credentials; for more information on the contest, visit BattleoftheBids.com.

About CoStar Group, Inc.

CoStar Group, Inc. (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information and analytics. Founded in 1987, CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information. Our suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Ten-X provides a leading platform for conducting commercial real estate online auctions and negotiated bids. LoopNet is the most heavily trafficked commercial real estate marketplace online. Apartments.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Rentals, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com form the premier online apartment resource for renters seeking great apartment homes and provide property managers and owners a proven platform for marketing their properties. Homesnap is an industry-leading online and mobile software platform that provides user-friendly applications to optimize residential real estate agent workflow and reinforce the agent-client relationship. Homes.com offers real estate professionals advertising and marketing services for residential properties. Realla is the UK’s most comprehensive commercial property digital marketplace. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. CoStar Group’s websites attract tens of millions of unique monthly visitors. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada and Asia. From time to time, we plan to utilize our corporate website, www.costargroup.com, as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220504005739/en/

Media:

Matthew Blocher

CoStar Group

mblocher@costar.com

202.346.6775

Source: CoStar Group, Inc.

FAQ

What is the total amount of cash prizes awarded in the Battle of the Bids contest for CoStar Group?

A total of $500,000 in cash prizes has been awarded to date.

Who won <money>$100,000</money> in the Battle of the Bids contest?

Derrick Vartanian from Keller Williams won $100,000.

When does round three of the Battle of the Bids contest start?

Round three begins on May 9, 2022.

How can participants win the grand prize in the Battle of the Bids contest?

Participants accumulate points by predicting auction prices accurately, with the overall highest scorer winning a $1 million grand prize.

What prizes are available for winners in the Battle of the Bids contest?

Winners can claim prizes ranging from $100 to $100,000.