CoStar Group, a leading commercial property data vendor and marketplace operator in the U.S., has named Christian M. Lown as CFO. 

Christian M. Lown

Lown, who’s worked the past four years as the CFO of government-sponsored mortgage underwriter Freddie Mac, will wrap up that job at the end of June and start at CoStar on July 1, reporting directly to founder and CEO Andy Florance.

Lown has more than 25 years of experience in banking, finance and real estate. At Freddie Mac, he oversaw accounting, capital oversight, sustainability, financial controls, investor relations procurement, tax, and financial planning and reporting. 

Before Freddie Mac, he served as EVP and CFO at Navient Corporation. Prior to that, he spent 11 years at investment bank Morgan Stanley, finishing his time there as managing director of its Financial Institutions Group, co-leading its Global Fintech and North America Banks and Diversified Finance practices. 

Lown holds an MBA from the University of Virginia’s Darden School of Business.

In the hiring announcement, Florance expressed confidence in Lown’s ability to lead CoStar Group’s financial operations, highlighting his expertise in mergers and acquisitions, capital markets and corporate finance. Florance also pointed to his deep knowledge of the home-buying market, particularly valuable as CoStar invests in its burgeoning for-sale site, 

As CFO, Lown will be pivotal in supporting CoStar Group’s ambitious expansion plans, according to the announcement. His responsibilities will include developing advanced systems and processes, recruiting top talent and overseeing the finance function, which encompasses accounting, financial planning, internal controls, treasury, investor relations, tax, corporate facilities, and reporting and compliance.

Lown will replace Scott Wheeler, who has been CoStar’s CFO since 2016.

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