The Globe and Mail reports in its Tuesday edition that Altus Group plans to double its revenue to about $800-million in the next five years as the real estate data provider expands further into property-tax consulting with foreign acquisitions. A Bloomberg dispatch to The Globe says that Altus could spend as much as $100-million on a single purchase as it adds taxes to services such as portfolio valuation and cost tracking for clients from Brookfield Asset Management to CPPIB. Altus has approached the property-tax unit of Texas-based Ryan LLC, the largest in North America. Altus has done about 50 acquisitions in the past decade and chief executive officer Bob Courteau said the commercial property market is only starting to become digitized. Mr. Courteau wants to become the largest supplier of real estate information in the world. Michael Urlocker, an analyst at GMP Securities who rates Altus one of his top technology picks, said the commercial real estate industry is increasingly using technology to value assets and to make better investment decisions. "We see these trends as lasting many years, leading to sustained organic growth and premium valuations," he said in a Jan. 11 note to clients.