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Altus Group Ltd
Symbol AIF
Shares Issued 37,089,620
Close 2016-06-15 C$ 22.28
Market Cap C$ 826,356,734
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Altus enters data-sharing agreement with Hightower

2016-06-15 10:27 ET - News Release

Mr. Robert Courteau reports

HIGHTOWER ANNOUNCES TECHNOLOGY INTEGRATION AGREEMENT WITH ALTUS GROUP TO ENHANCE PRODUCTIVITY AND VISIBILITY FOR COMMERCIAL REAL ESTATE OWNERS

Altus Group Ltd. has entered a technology integration agreement with Hightower, a leading end-to-end leasing management platform for the commercial real estate industry. This agreement will provide a seamless flow of data between Hightower's industry-leading leasing management platform and Argus Enterprise, Altus Group's industry-standard global asset and investment management platform.

"Partnering with Altus Group unlocks a new level of productivity and insight for our customers," said Brandon Weber, chief executive officer of Hightower. "Since Hightower is the system of record for commercial real estate owners to manage new and current tenants, it only makes sense that data from Argus Enterprise is seamlessly brought in. This integration closes the loop by showing the impact of leasing decisions on asset valuation, in real time."

This product integration will allow customers to integrate Argus Enterprise cash flow and valuation information with Hightower, while budget and tenant information will be sent between Hightower and Argus Enterprise. Not only does this solve a huge workflow challenge for many customers, the integration will also allow Hightower and Altus Group clients to make more informed leasing decisions by seeing how different deals impact the valuation of their assets.

"We are excited to partner with Hightower to further provide customers with the complete visibility they require," said Robert Courteau, CEO, Altus Group. "By enabling the connection of client leasing management and asset management platforms, we can deliver better insight into the impact of leasing decisions and a best-in-class budgeting experience."

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