{"id":937591,"date":"2026-02-17T16:31:40","date_gmt":"2026-02-17T21:31:40","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/altus-group-announces-the-sale-of-its-canadian-appraisals-business-to-newmark\/"},"modified":"2026-02-17T16:31:40","modified_gmt":"2026-02-17T21:31:40","slug":"altus-group-announces-the-sale-of-its-canadian-appraisals-business-to-newmark","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/altus-group-announces-the-sale-of-its-canadian-appraisals-business-to-newmark\/","title":{"rendered":"Altus Group Announces the Sale of its Canadian Appraisals Business to Newmark"},"content":{"rendered":"

\nNewmark acquires Altus\u2019 Canadian Appraisal business and adopts ARGUS Intelligence, expanding software and data subscription services
\n<\/h2>\n
\n

TORONTO and NEW YORK, Feb. 17, 2026 (GLOBE NEWSWIRE) — Altus Group Limited (\u201cAltus Group\u201d, or \u201cAltus\u201d) (TSX: AIF), a leading provider of commercial real estate (\u201cCRE\u201d) intelligence, announced today that it has entered into a definitive agreement to sell its Canadian Appraisals business to an affiliate of Newmark Group, Inc. (\u201cNewmark\u201d) (NASDAQ: NMRK).The acquisition is expected to close on or about March 1, 2026, subject to customary closing conditions. Altus\u2019 Canadian Appraisals business will become part of Newmark\u2019s\u00a0Valuation & Advisory<\/a> offering. Newmark has also entered into a multi-year license agreement with Altus Group for global access to ARGUS Intelligence, among its other software and data offerings, expanding Newmark\u2019s Valuation & Advisory\u2019s performance analytics software and data subscriptions.<\/p>\n

\u201cAltus Group\u2019s divestiture reflects our ongoing efforts to simplify our portfolio and sharpen our focus on core analytics capabilities,\u201d said Mike Gordon, CEO of Altus Group. \u201cThe Canadian Appraisals business has played an important role in supporting clients and establishing Altus as a trusted source of market intelligence. We are grateful for the team\u2019s contributions, and we\u2019re confident that as part of Newmark\u2019s global advisory services, the business will continue to thrive, creating meaningful opportunity for both clients and employees while continuing to leverage ARGUS Intelligence and our data offerings.\u201d<\/p>\n

\u201cNewmark\u2019s global Valuation & Advisory business will be further enhanced with the addition of a premier Canadian business with an exceptional reputation across institutional, lender and public-sector clients,\u201d said Roger Anscher<\/a>, Newmark\u2019s Chief Administrative Officer. \u201cThis acquisition provides a strong complement to Newmark\u2019s existing brokerage and advisory business in Canada and reflects our continued focus on expanding recurring, advisory-driven revenue streams globally.\u201d<\/p>\n

Altus Group\u2019s Canadian commercial real estate Appraisal business has been a leading advisor to institutional funds, REITs, lenders, developers, property owners and public-sector entities, having operations in Canada for over 25 years with eight offices, over 140 professionals and more than 3,000 clients.<\/p>\n

\u201cWe\u2019re delighted to expand our services with the addition of one of Canada\u2019s largest and most respected groups of Accredited Appraiser Canadian Institute (AACI) designees,\u201d said John D. Busi<\/a>, President of Newmark\u2019s Valuation & Advisory group. \u201cOver the past decade, the demand for independent valuation and analytics has grown dramatically, and this acquisition positions Newmark to meet that demand with greater scale, local depth and global connectivity.\u201d<\/p>\n

As part of the acquisition, Newmark has named Colin Johnston, former President of Altus\u2019 Canadian Appraisals business and one of the industry’s preeminent valuation professionals with over 30 years of experience in the CRE sector, as Head of Valuation & Advisory Services, Canada.<\/p>\n

The expanded software and data agreement with Newmark includes access to certain of Altus\u2019 suite of software and data offerings, including ARGUS Intelligence with the Portfolio Manager add-on capability, Forbury, ARGUS EstateMaster, Reonomy and Altus Data Studio. Altus remains committed to investing in and serving the Canadian market with its analytics and data solutions, which have supported the success of the Canadian Appraisals team, and are integral to CRE professionals nationwide.<\/p>\n

\n About Newmark<\/strong>\n <\/p>\n

Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (\u201cNewmark\u201d), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark\u2019s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform\u2019s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum.\u00a0For the twelve months ended September 30, 2025, Newmark generated revenues of over $3.1 billion. As of September 30, 2025, Newmark and its business partners together operated from approximately 170 offices with over 8,500 professionals across four continents. To learn more, visit\u00a0nmrk.com<\/u><\/a>\u00a0or follow\u00a0@newmark<\/u><\/a>.<\/p>\n

\n About Altus Group<\/strong>\n <\/p>\n

Altus Group is a leading provider of commercial real estate (\u201cCRE\u201d) intelligence, anchored by ARGUS \u2013 the industry\u2019s go-to software for valuation and performance analytics. For more than two decades, Altus has played a vital role in empowering CRE professionals with the analytics and trusted advice they need to make high-stakes decisions with confidence. The world\u2019s CRE leaders rely on our market-leading solutions and expertise to drive performance and manage risk. Our people around the world are making a lasting impact on an industry undergoing unprecedented change \u2013 helping shape the cities where we live, work, and build thriving communities.\u00a0\u00a0 For more information about Altus (TSX: AIF) please visit www.altusgroup.com<\/a>.\u00a0<\/p>\n

\n Altus Group Forward-looking Information<\/strong>\u00a0<\/p>\n

Certain information in this press release may constitute \u201cforward-looking information\u201d and \u201cforward-looking statements\u201d within the meaning of applicable securities legislation. All information contained in this press release, other than statements of current and historical fact, is forward-looking information (collectively, \u201cforward-looking information<\/strong>\u201d). Forward-looking information includes, but is not limited to, statements relating to the Company\u2019s business, strategies and expectations of future performance and expected financial and other benefits of the sale of Altus\u2019 Canadian Appraisals business and entry into of a new long-term agreement with an affiliate of Newmark. Generally, forward-looking information can be identified by use of words such as \u201cmay\u201d, \u201cwill\u201d, \u201cexpect\u201d, \u201cbelieve\u201d, \u201canticipate\u201d, \u201cestimate\u201d, \u201cintend\u201d, \u201cplan\u201d, \u201cwould\u201d, \u201ccould\u201d, \u201cshould\u201d, \u201ccontinue\u201d, \u201cgoal\u201d, \u201cobjective\u201d, \u201cremain\u201d and other similar terminology. Generally, forward-looking information can be identified by use of words such as \u201cmay\u201d, \u201cwill\u201d, \u201cexpect\u201d, \u201cbelieve\u201d, \u201canticipate\u201d, \u201cestimate\u201d, \u201cintend\u201d, \u201cplan\u201d, \u201cwould\u201d, \u201ccould\u201d, \u201cshould\u201d, \u201ccontinue\u201d, \u201cgoal\u201d, \u201cobjective\u201d, \u201cremain\u201d and other similar terminology.<\/p>\n

Forward-looking information is not, and cannot be, a guarantee of future results or events. Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyses that, while considered reasonable by us at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies and other factors that may not be known and may cause actual results, performance or achievements, industry results or events to be materially different from those expressed or implied by the forward-looking information.<\/p>\n

Inherent in the forward-looking information are known and unknown risks, uncertainties and other factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any results, performance or achievements expressed or implied by such forward-looking information. Those risks include, but are not limited to: the CRE market conditions; the general state of the economy; our financial performance; our financial targets; our international operations; acquisitions, joint ventures and strategic investments; business interruption events; third party information and data; cybersecurity; industry competition; professional talent; our subscription renewals; our sales pipeline; client concentration and loss of material clients; product enhancements and new product introductions; technological strategy; our use of technology; intellectual property; compliance with laws and regulations; privacy and data protection; artificial intelligence; our leverage and financial covenants; interest rates; inflation; our brand and reputation; our cloud transition; fixed price engagements; currency fluctuations; credit; tax matters; our contractual obligations; legal proceedings; regulatory review; health and safety hazards; our insurance limits; our ability to meet the solvency requirements necessary to make dividend payments; our share price; market liquidity and volatility; execution risks associated with any capital return programs (including any normal course issuer bid or substantial issuer bid), such as the availability of shares for purchase, unanticipated tax consequences, the level of shareholder participation in any substantial issuer bid, the timing, pricing, suspension or termination of any program, and our ability to fund repurchases while maintaining our targeted leverage and compliance with financial covenants; our capital investments; the issuance of additional common shares and debt; our internal and disclosure controls; and environmental, social and governance (\u201cESG\u201d) matters and climate change, as well as those described in our annual publicly filed documents, including the Annual Information Form for the year ended December 31, 2024 (which are available on SEDAR+ at www.sedarplus.ca<\/u>).<\/p>\n

Investors should not place undue reliance on forward-looking information as a prediction of actual results. The forward-looking information reflects management\u2019s current expectations and beliefs regarding future events and operating performance and is based on information currently available to management. Although we have attempted to identify important factors that could cause actual results to differ materially from the forward-looking information contained herein, there are other factors that could cause results not to be as anticipated, estimated or intended. The forward-looking information contained herein is current as of the date of this press release and, except as required under applicable law, we do not undertake to update or revise it to reflect new events or circumstances. Additionally, we undertake no obligation to comment on analyses, expectations or statements made by third parties in respect of Altus Group, our financial or operating results, or our securities.<\/p>\n

\n Newmark Forward-Looking Information <\/strong>\n <\/p>\n

Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about Newmark’s business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q, or Form 8-K.<\/p>\n

\n FOR FURTHER INFORMATION PLEASE CONTACT:<\/strong>\n <\/p>\n

Altus Press Contact:
Jaime Bassett
Vice President, Communications
t 416-941-9788
jaime.bassett@altusgroup.com<\/a><\/p>\n

Newmark Press Contact:
Deb Bergman<\/a>
t 303-260-4307
deb.bergman@nmrk.com<\/a><\/p>\n

Newmark Investor Contacts:
Jason McGruder<\/a>
jason.mcgruder@nmrk.com
Shaun French<\/a>
shaun.french@nmrk.com
t 212-829-7124<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Newmark acquires Altus\u2019 Canadian Appraisal business and adopts ARGUS Intelligence, expanding software and data subscription services TORONTO and NEW YORK, Feb. 17, 2026 (GLOBE NEWSWIRE) — Altus Group Limited (\u201cAltus Group\u201d, or \u201cAltus\u201d) (TSX: AIF), a leading provider of commercial real estate (\u201cCRE\u201d) intelligence, announced today that it has entered into a definitive agreement to sell its Canadian Appraisals business to an affiliate of Newmark Group, Inc. (\u201cNewmark\u201d) (NASDAQ: NMRK).The acquisition is expected to close on or about March 1, 2026, subject to customary closing conditions. Altus\u2019 Canadian Appraisals business will become part of Newmark\u2019s\u00a0Valuation & Advisory offering. Newmark has also entered into a multi-year license agreement with Altus Group for global access to ARGUS Intelligence, among its other software … <\/p>\n

Continue reading “Altus Group Announces the Sale of its Canadian Appraisals Business to Newmark”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-937591","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAltus Group Announces the Sale of its Canadian Appraisals Business to Newmark - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/altus-group-announces-the-sale-of-its-canadian-appraisals-business-to-newmark\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Altus Group Announces the Sale of its Canadian Appraisals Business to Newmark - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Newmark acquires Altus\u2019 Canadian Appraisal business and adopts ARGUS Intelligence, expanding software and data subscription services TORONTO and NEW YORK, Feb. 17, 2026 (GLOBE NEWSWIRE) — Altus Group Limited (\u201cAltus Group\u201d, or \u201cAltus\u201d) (TSX: AIF), a leading provider of commercial real estate (\u201cCRE\u201d) intelligence, announced today that it has entered into a definitive agreement to sell its Canadian Appraisals business to an affiliate of Newmark Group, Inc. 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(\u201cNewmark\u201d) (NASDAQ: NMRK).The acquisition is expected to close on or about March 1, 2026, subject to customary closing conditions. Altus\u2019 Canadian Appraisals business will become part of Newmark\u2019s\u00a0Valuation & Advisory offering. Newmark has also entered into a multi-year license agreement with Altus Group for global access to ARGUS Intelligence, among its other software … Continue reading \"Altus Group Announces the Sale of its Canadian Appraisals Business to Newmark\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/altus-group-announces-the-sale-of-its-canadian-appraisals-business-to-newmark\/","og_site_name":"Market Newsdesk","article_published_time":"2026-02-17T21:31:40+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY1NjIzMSM3NDMwMTQwIzIwMDc0OTI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/altus-group-announces-the-sale-of-its-canadian-appraisals-business-to-newmark\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/altus-group-announces-the-sale-of-its-canadian-appraisals-business-to-newmark\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Altus Group Announces the Sale of its Canadian Appraisals Business to Newmark","datePublished":"2026-02-17T21:31:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/altus-group-announces-the-sale-of-its-canadian-appraisals-business-to-newmark\/"},"wordCount":1655,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/altus-group-announces-the-sale-of-its-canadian-appraisals-business-to-newmark\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY1NjIzMSM3NDMwMTQwIzIwMDc0OTI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/altus-group-announces-the-sale-of-its-canadian-appraisals-business-to-newmark\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/altus-group-announces-the-sale-of-its-canadian-appraisals-business-to-newmark\/","name":"Altus Group Announces the Sale of its Canadian Appraisals Business to Newmark - 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