TORONTO and NEW YORK — February 17, 2026 — Leads & Copy — Altus Group Limited has agreed to sell its Canadian Appraisals business to an affiliate of Newmark Group, Inc. Newmark will also gain global access to Altus Group’s ARGUS Intelligence and other software and data offerings.
The acquisition is expected to be finalized around March 1, 2026, pending customary closing conditions. Following the acquisition, Altus’ Canadian Appraisals business will integrate into Newmark’s Valuation & Advisory division.
Mike Gordon, CEO of Altus Group, stated that the divestiture aligns with the company’s strategy to simplify its portfolio and concentrate on core analytics capabilities. He expressed confidence that the Canadian Appraisals business will continue to thrive within Newmark’s global advisory services.
Roger Anscher, Newmark Chief Administrative Officer, said the acquisition will enhance Newmark’s Valuation & Advisory business with a Canadian business that has a strong reputation among institutional, lender, and public-sector clients. He added that the acquisition complements Newmark’s existing brokerage and advisory business in Canada and supports 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, serving institutional funds, REITs, lenders, developers, property owners, and public-sector entities. The business has eight offices, over 140 professionals, and more than 3,000 clients.
John D. Busi, President of Newmark’s Valuation & Advisory group, noted the growing demand for independent valuation and analytics. He stated that the acquisition positions Newmark to meet that demand with greater scale, local depth, and global connectivity.
Colin Johnston, previously President of Altus’ Canadian Appraisals business, has been appointed as Head of Valuation & Advisory Services, Canada at Newmark.
The agreement includes access to 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 says it 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.
Newmark Group, Inc. generated revenues of over $3.1 billion for the twelve months ended September 30, 2025. As of September 30, 2025, Newmark and its business partners operated from approximately 170 offices with over 8,500 professionals across four continents.
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.
Source: Newmark Group, Inc.
