Search company, investor...

Predict your next investment

Altus Group company logo
Corporation
INTERNET | Internet Software & Services / Real Estate
altusgroup.com

Investments

2

Portfolio Exits

2

Partners & Customers

10

About Altus Group

Altus Group (TSE: AIF) provides asset and fund intelligence for commercial real estate. It offers professional real estate advisory services, data solutions, and intelligence about an organization's assets, generating a wealth of knowledge and insight. The company's commercial real estate software offers valuable insights, manages risk, and fuels investment performance. It was founded in 2005 and is based in Toronto, Canada.

Headquarters Location

33 Yonge Street Suite 500

Toronto, Ontario, M5E 1G4,

Canada

416-641-9500

Want to inform investors similar to Altus Group about your company?

Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.

Latest Altus Group News

CRE Awaits Signature Bank Loan Sales For Desperately Needed ‘Pricing Signals’

Sep 22, 2023

Bisnow/Ethan Rothstein Armanino's Erin Lavelle, Willow's Thomas Yoo, Bear Real Estate Advisors' Matt Bear and Naftali's Glenn Grimaldi “There are a lot of zombie banks out there at this point, regional community banks have got significant overexposure to real estate, significant overexposure to office. And the market, I think, is waiting for the pricing signals,” Nishant Nadella, managing director at 3650 REIT , said at Bisnow’s National Commercial Real Estate Finance Conference in New York last week. ”I think [the  Signature Bank loan sales] will be an important price signal, and we will see more loan scale activity, because — unlike the GFC — where it was just the liquidity crisis, and good assets were being thrown away, today is an asset reset," Nadella added. Earlier this month, the Federal Deposit Insurance Corp. began marketing the former Signature Bank ’s $33B commercial real estate loans. While New York Community Bancorp subsidiary Flagstar Bank agreed to buy assets controlled by Signature’s receiver in March, the deal didn't include Signature’s commercial real estate loan portfolio. The FDIC  has said it is planning on keeping most of loans on the rent-stabilized assets, The Real Deal reported earlier this month. While the agency said that was a standard practice, a source told the publication it was likely being done that way to ensure the rent-stabilized properties didn’t fall into decline and get snapped up by “low bidders” who refuse to work with borrowers in the event of default. This week, Marathon Asset Management CEO Bruce Richards said the firm will bid on the portfolio — describing commercial real estate as the biggest opportunity in distressed debt right now. Nicholas Kamillatos, a member of law firm Rosenberg & Estis’ Administrative Law Department, said in an email that private equity and publicly traded financial institutions are likely to bid on this mortgage portfolio – providing insight into how financial institutions value New York multifamily as mortgage collateral. “Ultimately, a sale will shed light on how they currently assess multifamily cap rates and their projections of prevailing interest rates and spreads when the pool mortgages expire,” he wrote. Bisnow/Ethan Rothstein Jordan Metzger of Cole Schotz onstage at Bisnow's 2023 National Commercial Real Estate Finance Conference with Cerberus Capital Management's Neha Santiago, Slate Asset Management's Brendan Shanahan, 3650 REIT's Nishant Nadella and Newpoint Real Estate Capital's Geri Borger Urgo. Clarity will be welcomed by real estate players, many of whom have been waiting to see just how distress will play out and where the activity will be. “I think we all came back after Labor Day hoping to see some pickup and action,” said Neha Santiago , managing director at Cerberus Capital Management . “There’s a fair bit of liquidity sitting on the sidelines, kind of waiting for the distress, the interesting buying and lending opportunity ... I’m optimistic, we're going to see that more in 2024.” For some, however, opportunities have already begun presenting themselves. Thomas Yoo, the CEO of Willow River Capital Management, which specializes in placing capital for Asian institutional investors, said at Bisnow's event that today's environment presents a unique opportunity for those who are not very “sensitive” to capital and leverage. “This is the time for those investors who specialize in special situation investment, whether it is NPL, nonperforming loan investment, various value-add strategies that involves inefficient capital stacks or real estate that has lost its luster because of macroeconomic issues” he said in an interview with Bisnow after the event. “It’s really the discount shoppers who have the capital, it's the 'cash is king' kind of era, and this is their time to shine.” Bisnow/Ethan Rothstein Armanino's Erin Lavelle, Willow's Thomas Yoo, Bear Real Estate Advisors' Matt Bear, Naftali's Glenn Grimaldi, BentallGreenOak's Abbe Franchot Borok and Peachtree's Daniel Siegel This week, the Federal Reserve announced it  wouldn't raise the federal funds rate,  keeping it in the range of 5.25% to 5.5%. The Fed has raised the rate 11 times since early 2022, when U.S. inflation jumped. So far this year, around $5.65B of CMBS loans have been modified with some form of extension, per Trepp . Plus, the Trepp CMBS Special Servicing Rate has gone up seven months in a row, hitting 6.67% in August. A year earlier the rate was at 4.92%. “For commercial real estate, unfortunately, it feels like it's going to be a low bleed,” Nadella said at the event. Just this week, news emerged that Shorenstein Properties has fallen behind on debt payments on a $350M CMBS loan backed by its 1407 Broadway office property. Tishman Speyer and RFR Realty have also had their office properties in special servicing this year — though it does not always mean the asset will ultimately end up in trouble . “Over the last several months, and there was hopes that things would get better — and the cost of capital hasn't come down, and the Fed hasn't started cutting rates,” Michael Gigliotti, the co-head of JLL’s New York Capital Markets office, said in an interview this week. Bisnow/Miriam Hall Avison Young's Scott Singer, Invesco's Yorick Starr, Cortland's Jan Lachapelle, Altus Group's Omar Eltorai, Lev's Donald Pavlov While the Signature Bank loans have garnered significant attention, they are not the only notes hitting the market. The $308M loan on  1740 Broadway , a mostly empty office building that Blackstone handed back to its lender last year is set to be marketed and sold off, as Bisnow reported this week. “[A buyer] would buy it at a basis that they think they'll be able to be successful,” Gigliotti said, pointing to renovation, upgrades or cheaper office space. “I don't think that those buildings are going to be obsolete forever.” Similarly, this week JLL listed the $240M nonperforming loan on RXR Realty’s 61 Broadway, per The Real Deal . The Financial District office building is just 57% occupied, and it had a 63K lease with Knotel signed in 2019, two years before the coworking firm went bankrupt. RXR went into default on the property in December. Still, it is not all doom and gloom, according to Omar Eltorai, director of research at Altus Group. “What we've seen is that the  nonbank lenders are still very much active ... you have a securitization market that has not shut down," he said at Bisnow's event last week. “There's ample capital out there," he added. "I'm not saying that there is no concern around refinance risk, but I do think it is going to be much more selective.” Contact Miriam Hall at miriam.hall@bisnow.com

Altus Group Investments

2 Investments

Altus Group has made 2 investments. Their latest investment was in Honest Buildings as part of their Series B - III on April 4, 2018.

CBI Logo

Altus Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/12/2018

Series B - III

Honest Buildings

$3.5M

Yes

5

1/8/2018

Series A

Subscribe to see more

Subscribe to see more

10

Date

4/12/2018

1/8/2018

Round

Series B - III

Series A

Company

Honest Buildings

Subscribe to see more

Amount

$3.5M

New?

Yes

Subscribe to see more

Co-Investors

Sources

5

10

Altus Group Portfolio Exits

2 Portfolio Exits

Altus Group has 2 portfolio exits. Their latest portfolio exit was Honest Buildings on July 16, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/16/2019

Acquired

$99M

4

5/6/2012

Divestiture

Subscribe to see more

$99M

Subscribe to see more

10

Date

7/16/2019

5/6/2012

Exit

Acquired

Divestiture

Companies

Subscribe to see more

Valuation

$99M

$99M

Acquirer

Subscribe to see more

Sources

4

10

Altus Group Acquisitions

18 Acquisitions

Altus Group acquired 18 companies. Their latest acquisition was Rethink Solutions on May 04, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/4/2022

$99M

Acquired

2

11/11/2021

Series D

$99M

$128.2M

Acquired

3

5/6/2021

$99M

Acquired

1

3/10/2021

Private Equity

Subscribe to see more

$99M

Subscribe to see more

10

7/2/2019

Subscribe to see more

$99M

Subscribe to see more

10

Date

5/4/2022

11/11/2021

5/6/2021

3/10/2021

7/2/2019

Investment Stage

Series D

Private Equity

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$128.2M

Note

Acquired

Acquired

Acquired

Subscribe to see more

Subscribe to see more

Sources

2

3

1

10

10

Altus Group Partners & Customers

10 Partners and customers

Altus Group has 10 strategic partners and customers. Altus Group recently partnered with HITEC on October 10, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

10/21/2021

Partner

United States

Jorge Blanco of Altus Group Named to HITEC’s Prestigious HITEC 100 List for 2022

As part of Altus Group Limited 's continued effort to promote and celebrate diverse talent throughout the organization , it is also pleased to announce a recent corporate partnership with HITEC .

1

3/16/2021

Partner

United States

Altus Group Collaborates with Yardi to Launch ARGUS Connector for Yardi Voyager

TORONTO , March 16 , 2021 -- Altus Group Limited , a leading provider of software , data solutions and independent advisory services to the global commercial real estate industry , and Yardi Systems , Inc. , a developer of industry-leading investment and property management software , collaborated to enable a seamless flow of data between Altus Group Limited 's cloud-enabled ARGUS Enterprise and Yardi through the launch of Altus Group Limited 's ARGUS Connector for Yardi .

4

2/22/2021

Client

United States

Home / Company / Press releases / Global Real Estate Leader JLL Begins Transition to Altus Group’s Cloud-Enabled ARGUS Enterprise.

With cloud-enabled ARGUS Enterprise , we can enhance collaboration , drive more efficient processes and bring greater transparency to our global business , '' said Mark Wynne-Smith , Global Head , JLL .

3

1/26/2021

Client

United States

Subscribe to see more

Subscribe to see more

10

1/26/2021

Client

United States

Subscribe to see more

Subscribe to see more

10

Date

10/21/2021

3/16/2021

2/22/2021

1/26/2021

1/26/2021

Type

Partner

Partner

Client

Client

Client

Business Partner

Country

United States

United States

United States

United States

United States

News Snippet

Jorge Blanco of Altus Group Named to HITEC’s Prestigious HITEC 100 List for 2022

As part of Altus Group Limited 's continued effort to promote and celebrate diverse talent throughout the organization , it is also pleased to announce a recent corporate partnership with HITEC .

Altus Group Collaborates with Yardi to Launch ARGUS Connector for Yardi Voyager

TORONTO , March 16 , 2021 -- Altus Group Limited , a leading provider of software , data solutions and independent advisory services to the global commercial real estate industry , and Yardi Systems , Inc. , a developer of industry-leading investment and property management software , collaborated to enable a seamless flow of data between Altus Group Limited 's cloud-enabled ARGUS Enterprise and Yardi through the launch of Altus Group Limited 's ARGUS Connector for Yardi .

Home / Company / Press releases / Global Real Estate Leader JLL Begins Transition to Altus Group’s Cloud-Enabled ARGUS Enterprise.

With cloud-enabled ARGUS Enterprise , we can enhance collaboration , drive more efficient processes and bring greater transparency to our global business , '' said Mark Wynne-Smith , Global Head , JLL .

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

4

3

10

10

Altus Group Team

10 Team Members

Altus Group has 10 team members, including current Chief Financial Officer, Peter Backwell.

Name

Work History

Title

Status

Peter Backwell

Chief Financial Officer

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Name

Peter Backwell

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Work History

Title

Chief Financial Officer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Compare Altus Group to Competitors

Forbury Logo
Forbury

Forbury is a real estate investment tool. It helps its customers to gain deeper insights into the value of their assets. It empowers its customers to cover more of the market without additional resources and expenses. It was founded in 2003 and is based in Christchurch, New Zealand.

B
Built AI

Built AI is a real estate investment analysis platform that enables real estate professionals to analyze commercial property opportunities better. It was founded in 2020 and is based in London, England.

Dashflow for CRE Logo
Dashflow for CRE

Dashflow for CRE uses artificial intelligence to provide financial models for the real estate industry. The company was founded in 2017 and is based in London, England.

MYRE Logo
MYRE

MYRE is a real estate asset management platform that covers the full building lifecycle by processing and analyzing data.

I
Immopac

Immopac offers cloud-based software solutions for real estate management and valuation. The company specializes in the development and implementation of software solutions, real estate portfolio management, asset management, fund management, and property valuation. It was founded in 2000 and is based in Zurich, Switzerland.

P
Pantera

Pantera offers a forecasting tool for commercial property investment. It helps a number of property companies across the globe to positively transform their asset management and investment decision-making processes. The company was founded in 2021 and is based in London, United Kingdom.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Join a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.