Business
Altus Group Announces the Sale of its Canadian Appraisals Business to Newmark
Altus Group Limited ("Altus Group", or "Altus") (TSX: AIF), a leading provider of commercial real estate ("CRE") intelligence, announced today that it has entered into a definitive agreement to sell its Canadian Appraisals business to an affiliate of Newmark Group, Inc. ("Newmark") (NASDAQ: NMRK). The acquisition is expected to close on or about March 1, 2026, subject to customary closing conditions. Altus' Canadian Appraisals business will become part of Newmark's Valuation & Advisory offering.
About this update from Altus Group Limited
[{"type":"text","content":"Newmark acquires Altus' Canadian Appraisal business and adopts ARGUS Intelligence, expanding software and data subscription services","length":141,"tagName":"p","attribs":{}},{"type":"text","content":"TORONTO and NEW YORK, Feb. 17, 2026 /PRNewswire/ -- Altus Group Limited ("Altus Group", or "Altus") (TSX: AIF), a leading provider of commercial real estate ("CRE") intelligence, announced today that it has entered into a definitive agreement to sell its Canadian Appraisals business to an affiliate of Newmark Group, Inc. ("Newmark") (NASDAQ: NMRK). The acquisition is expected to close on or about March 1, 2026, subject to customary closing conditions. Altus' Canadian Appraisals business will become part of Newmark's Valuation & 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 and data offerings, expanding Newmark's Valuation & Advisory's performance analytics software and data subscriptions.","length":908,"tagName":"p"},{"type":"image","alt":"Newmark Group, Inc. (PRNewsfoto/Newmark Group, Inc.)","displaySize":"","headline":null,"caption":"Newmark Group, Inc. (PRNewsfoto/Newmark Group, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":63,"url":"https://media.zenfs.com/en/cnwgroup.com/0910291012f8767c74bdad6f50603da1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/KSIsvKtLmFASr5_8H.DjnQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTExMTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/0910291012f8767c74bdad6f50603da1","width":400,"height":63}},"href":"https://mma.prnewswire.com/media/1057994/Newmark_Group_Logo_v1.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""Altus Group's divestiture reflects our ongoing efforts to simplify our portfolio and sharpen our focus on core analytics capabilities," said Mike Gordon, CEO of Altus Group. "The 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's contributions, and we're confident that as part of Newmark's global advisory services, the business will continue to thriv...