Mr. Robert Ruggles reports

COMMERCIAL REAL ESTATE LEADERS COLLABORATE TO PROVIDE BETTER INSIGHTS WITH NEW DATA PLATFORM

Altus Group Ltd., in collaboration with the National Council of Real Estate Investment Fiduciaries, is developing a new data platform to better analyze historical and real-time commercial real estate information collected exclusively by both organizations, long-time industry leaders. The first application will be an attribution product tailored to the asset and investment management industry in the United States.

The attribution analysis application is expected to substantially improve the real estate investment industry's examination and reporting of complex data. The Web-based program will synthesize historical and real-time information -- a first for real estate portfolio management -- giving portfolio managers and investors the ability to benchmark against indices, the industry and relevant portfolios. Release is scheduled for the first half of 2015.

Technology within the real estate investment industry has lagged in comparison with other asset classes with respect to the availability of transparent investment data and the ability to combine and analyze data to benchmark against competitors. This platform gives a comprehensive and holistic understanding of the investment environment.

"This platform is a game changer for the real estate investment community. It is the first tool in the private real estate industry to scrutinize performance and valuation data in an interactive, easy-to-use format," said Robert Ruggles, president of research, valuation and advisory, U.S., at Altus Group. "With NCREIF's extensive data and Altus Group's proven success in data and interactive software, real estate professionals will have better insights in making investment decisions and managing their portfolios."

Increasing transparency, this platform will offer robust data integration while being a cost-effective data solution. Its analytics are dynamic and engaging, offering access to industry, fund and property information to give users a better understanding of portfolio risk and attribution analysis. Further customized features will offer real estate investment professionals comprehensive analyses of real-time data.

"Addressing the industry-wide need for improved transparency, NCREIF has been collaborating with its members to develop a standard attribution methodology," remarked Peter Steil, chief executive officer of NCREIF. "We are confident this work will lead to an industry standard. Altus Group's data solutions will play a critical role in this initiative by providing a Web-based data management platform for the new product, as well as enhanced reporting capabilities."

"As an interactive, cloud-based Web interface, it allows users to see fund level data and then easily dive into the property level," explained Mr. Ruggles. "The valuation functions it offers, combined with historical and market data, are unmatched anywhere and provide an innovative service for NCREIF and Altus RVA clients."

About NCREIF

The National Council of Real Estate Investment Fiduciaries is an association of institutional real estate professionals who share a common interest in their industry. They are investment managers, plan sponsors, academicians, consultants, appraisers, certified public accountants and other service providers who have a significant involvement in institutional property investments. They come together to address vital industry issues and to promote research and education. NCREIF produces several quarterly indices that show real estate performance returns using data submitted to it by its members. Its database consists of approximately 10,000 real estate properties comprising almost $400-billion of value. Its indices are used extensively for performance measurement and benchmarking.

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