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Altus Group Ltd
Symbol C : AIF
Shares Issued 22,579,877
Close 2012-12-18 C$ 8.35
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Altus launches tech for managing real estate portfolios

2012-12-19 11:52 ET - News Release

Ms. Sayla Nordin reports


Altus Group Ltd. has unveiled Argus Enterprise 9 (AE 9), the industry's leading asset management software platform for commercial real estate.

Building on the capabilities of prior AE versions -- already implemented by over 35 clients -- Argus Enterprise 9 represents a leap forward in enabling commercial real estate organizations to know even more about their portfolios, better manage their risks and support the best decisions for their businesses. AE 9 provides:

  • Improved user productivity by reducing time and effort to make complex and comprehensive changes across portfolios;
  • Better decision-making and improved risk management, based on real-time reporting and analytics;
  • Tight integration into business processes with powerful customization capabilities.

"With the release of AE 9, Altus is redefining the industry, providing clients with increased functionality and powerful analytics in a comprehensive offering that will give them greater real-time insight into their portfolios, as well as the advantage with an influential and international asset class," emphasized Bob Courteau, chief executive officer, Altus Group. "As a leading professional services company, Altus is leveraging years of expertise with data-driven solutions to ensure clients have the most robust tools and experienced advice."

AE 9 ensures clients benefit from industry-leading capabilities

To improve productivity and maximize clients' investments, AE 9 provides an unprecedented ability to easily and rapidly consolidate cash flow forecasts, allowing clients to perform sophisticated analysis, sensitivity and reporting. This enables immediate evaluation of results for benchmarking and, most importantly, risk management, further enhancing the value of enterprise-wide data and facilitating proactive decision-making.

"We are excited about the new features in AE 9 and its impact on our business -- the additional functionality and interconnectivity will make Argus Enterprise an even more valuable tool for us," said Randal Rombeiro, head of finance, Greenstreet Real Estate Partners LP. "As our portfolio evolves, AE provides the dynamic visibility that helps us make confident, data-driven decisions."

Feature highlights of AE 9:

  • Effortlessly import data and rapidly perform updates across a portfolio using AE's dynamic Excel plug-in tool -- integrating both input assumptions and calculated results, which can support proprietary analysis and calculations;
  • Create custom dashboards with charts, portfolio-level KPIs and Excel-like pivot-chart capabilities using portfolio analytics tools;
  • Model more complex lease terms and assumptions through a number of enhancements to the cash flow module;
  • Incorporate a broader range of property types for a more comprehensive picture, enabled by a new hospitality feature;
  • Build a custom experience and extend the usability of your data by making all relevant data available in AE through embedded Argus symphony forms.

Release and availability

AE 9 is available immediately to current AE clients as an upgrade under existing maintenance. Full platform release and market pricing will be announced in the first quarter of 2013, along with opportunities to learn more about the unique benefits of this compelling platform.

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