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Altus Group Announces the Sale of its Canadian Appraisals Business to Newmark
Newmark gains over 140 professionals and 3,000 clients in Canada, expanding its data and valuation services with a multi-year software agreement including ARGUS Intelligence.
- On Feb. 17, 2026, Altus entered a definitive agreement to sell its Canadian Appraisals business to an affiliate of Newmark, joining Newmark's Valuation & Advisory.
- Altus explained the divestiture as part of efforts to simplify its portfolio and focus on core analytics capabilities, while Newmark aims to expand its valuation and analytics services.
- Operating in Canada for over 25 years, the appraisal unit has eight offices, over 140 professionals, and more than 3,000 clients, with Colin Johnston leading Newmark's Canadian valuation practice as Head of Valuation & Advisory Services, Canada, who has over 30 years of CRE experience.
- The license expands access to ARGUS Intelligence and Altus Data Studio, with Newmark's Valuation & Advisory implementing the licensed tools, according to the agreement.
- Expected to close on or about March 1, 2026, the transaction is subject to customary closing conditions and includes forward-looking statements and risk factors as described by Newmark and Altus.
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Altus Group Announces the Sale of its Canadian Appraisals Business to Newmark - Newmark Group (NASDAQ:NMRK)
Newmark acquires Altus' Canadian Appraisal business and adopts ARGUS Intelligence, expanding software and data subscription servicesTORONTO and NEW YORK, Feb. 17, 2026 /CNW/ -- Altus Group Limited ("Altus
·New York, United States
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The Bakersfield Californian+15 Reposted by 15 other sources
Altus Group Announces the Sale of its Canadian Appraisals Business to Newmark
TORONTO and NEW YORK, Feb. 17, 2026 (GLOBE NEWSWIRE) -- 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…
·Bakersfield, United States
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Coverage Details
Total News Sources18
Leaning Left6Leaning Right2Center4Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 33%
R 17%
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