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Altus Group Ltd
Symbol AIF
Shares Issued 37,848,415
Close 2017-03-21 C$ 28.10
Market Cap C$ 1,063,540,462
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Altus launches new version of Argus Enterprise platform

2017-03-22 10:11 ET - News Release

Mr. Robert Courteau reports

ALTUS GROUP DELIVERS GREATER DECISION-MAKING HORSEPOWER TO COMMERCIAL REAL ESTATE INDUSTRY WITH ARGUS ENTERPRISE 11.6

Altus Group Ltd. has launched Argus Enterprise 11.6 (AE 11.6), the most advanced version of its industry-leading commercial real estate asset and investment management platform. AE 11.6 is a single platform that enables users to transact and value faster with simplified interfaces, more intuitive navigation and detailed reporting to help customers gain portfolio transparency and optimize performance. Argus Enterprise has been adopted by thousands of customers and by the largest real estate service providers around the world.

"The CRE (commercial real estate) industry is becoming increasingly institutionalized and requires greater transparency to meet investor expectations for real-time information on assets, portfolios and investment performance. Argus Enterprise is a trusted industry solution that allows our customers to better leverage their data, analyze risk and gain visibility into their portfolio and investments on a global basis," said Robert Courteau, chief executive officer at Altus Group.

"Having used Argus Enterprise while previously working with a large public REIT and currently with a smaller private equity company, it is the ideal solution for quickly and efficiently analyzing transactions and ultimately determining the right valuation. The ease of use and robust reporting capabilities help us make timely strategic real estate investment decisions. Argus Enterprise is a must-have for organizations big and small," said Jason Hicks, senior vice-president, Newport U.S. RE, a United States-based subsidiary of German private real estate company Newport Holding GmbH.

AE 11.6 provides a number of key capabilities:

  • Dynamic user experience -- includes a simplified interface for key transaction and valuation roles with the ability to further configure and create additional profiles that align to individual business processes. This allows users to save time navigating and gain greater insights about assets more efficiently;
  • Increased user productivity -- allows users to quickly save, share and double-click to open files, and more easily drill down into tenant assumptions across multiple categories to understand how potential changes will directly impact property value;
  • More powerful reporting -- enhanced summary reports deliver the most pertinent information underpinning property values, enabling users to promptly determine if a property fits their buying criteria and assess the next steps.

As customers around the world continue to adopt and recognize the benefits of Argus Enterprise as their solution to transact, value and manage their commercial real estate assets, Altus Group will be discontinuing support for Argus DCF on June 30, 2017, and Argus ValCap on Dec. 31, 2018. In order to ensure a smooth transition, AE 11.6 includes key functionality and productivity features specifically tailored for customers previously accustomed to legacy solutions Argus DCF or Argus ValCap.

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