TORONTO and NEW YORK — February 17, 2026 — Leads & Copy — Altus Group Limited (TSX: AIF) has reached a definitive agreement to sell its Canadian Appraisals business to an affiliate of Newmark Group, Inc. (NASDAQ: NMRK), according to a press release issued by Altus Group.
The acquisition, which is subject to customary closing conditions, is expected to be finalized on or about March 1, 2026. Following the acquisition, Altus’ Canadian Appraisals business will be integrated into Newmark’s Valuation & Advisory offering.
Newmark has also entered into a multi-year licensing agreement with Altus Group. This agreement grants Newmark global access to ARGUS Intelligence, as well as other software and data offerings. This will expand Newmark’s Valuation & Advisory’s performance analytics software and data subscriptions.
Mike Gordon, CEO of Altus Group, stated that the divestiture aligns with the company’s strategy to simplify its portfolio and concentrate on its core analytics capabilities. He acknowledged the Canadian Appraisals business’s role in supporting clients and establishing Altus as a trusted source of market intelligence. Gordon expressed confidence that the business will thrive within Newmark’s global advisory services, creating opportunities for both clients and employees while continuing to leverage ARGUS Intelligence and Altus’ data offerings.
Roger Anscher, Newmark’s Chief Administrative Officer, said that the addition of Altus Group’s Canadian commercial real estate Appraisal business will further enhance Newmark’s global Valuation & Advisory business. He noted the Canadian Appraisals business has an exceptional reputation across institutional, lender and public-sector clients. He added that the acquisition complements Newmark’s existing brokerage and advisory business in Canada and reflects the company’s focus on expanding recurring, advisory-driven revenue streams globally.
Altus Group’s Canadian commercial real estate Appraisal business has been operating in Canada for over 25 years, has eight offices, over 140 professionals and more than 3,000 clients. It has been a leading advisor to institutional funds, REITs, lenders, developers, property owners and public-sector entities.
John D. Busi, President of Newmark’s Valuation & Advisory group, noted the growing demand for independent valuation and analytics over the past decade. He said that the acquisition positions Newmark to meet that demand with greater scale, local depth and global connectivity.
Colin Johnston, former President of Altus’ Canadian Appraisals business, has been named Head of Valuation & Advisory Services, Canada, as part of the acquisition. Johnston has over 30 years of experience in the CRE sector.
The expanded software and data agreement includes access to certain of Altus’ 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.
Newmark Group, Inc. (Nasdaq: NMRK) is a world leader in commercial real estate. For 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.
Altus Group is a provider of commercial real estate intelligence, anchored by ARGUS. For more than two decades, Altus has played a vital role in empowering CRE professionals with the analytics and advice they need.
Source: Altus Group
