Altus Analytics Provides Cloud-Based Solution to Increase Portfolio Transparency to Better Assess Risks and Opportunities
NEW YORK CITY, NEW YORK--(Marketwired - Nov. 10, 2015) - Altus Group Limited ("Altus Group" or "the Company") (TSX:AIF), a leading provider of commercial real estate services, software and data solutions, is pleased to announce it has expanded its current agreement with California Public Employees' Retirement System ("CalPERS") to now include quarterly appraisal management services and enhanced data analytics solutions ("Altus Analytics") in support of CalPERS' real estate portfolio valuations and compliance needs.
The Altus Analytics platform is a key differentiator of the Company's appraisal management offering:
"As more capital is allocated in the real estate asset class, data analytics become increasingly important to portfolio managers. Our Altus Analytics dashboard is a game changer in the industry, empowering portfolio managers with detailed visibility to their portfolio performance and how they assess risks and opportunities," said Robert Ruggles, President of Research, Valuation & Advisory, U.S. at Altus Group. "CalPERS' commitment to the platform reinforces the value of our solutions and of data's growing importance in the industry."
CalPERS is one of the largest public pension funds in the world and the largest defined-benefit public pension in the U.S. CalPERS' assets under management are approximately US$292 billion as of August 30, 2015, of which the Real Estate Program represents approximately US$27 billion (net asset value) holding traditional real estate assets such as office, industrial, multifamily and retail located in the U.S. and other growth markets.
For sales inquiries or to request a product demonstration of the Altus Analytics platform, please visit www.altusgroup.com/solutions/benchmarking/ or contact Richard Kalvoda, Senior EVP, Research, Valuation & Advisory, U.S. by email at Richard.Kalvoda@altusgroup.com or by telephone at 1-949-553-3047.
About Altus Group Limited
Altus Group Limited is a leading provider of independent advisory services, software, and data solutions to the global commercial real estate industry. All of our five core practices - Research, Valuation and Advisory, ARGUS Software, Property Tax Consulting, Cost Consulting and Project Management, and Geomatics - embody and reflect decades of experience, a broad range of expertise, and leading edge technology. Our offerings empower clients to analyze, gain insight and recognize value on their real estate investments. Headquartered in Canada, we have approximately 2,300 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world's largest real estate industry participants, spread across a broad variety of sectors.
The Company is focused on creating sustainable shareholder value that generates long-term returns by targeting organic and accretive growth while providing quarterly dividend payments of $0.15 per share. Altus Group's securities are traded on the TSX under the symbols AIF and AIF.DB.A. For more information on Altus Group, please visit: www.altusgroup.com.