Altus Group Strikes Agreement To Sell Its Canadian Appraisals Operations To Newmark Group; Financial Terms Undisclosed

Newmark Group, Inc. Class A -1.75%

Newmark Group, Inc. Class A

NMRK

14.63

-1.75%

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.

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