Newmark Acquires Altus’ Canadian Appraisals, Gains ARGUS Intelligence License; Closing March 1, 2026

Newmark Bolsters Canadian Advisory Platform

Newmark is expanding its valuation and advisory footprint in Canada by acquiring Altus Group’s Canadian Appraisals business and taking a multi‑year license to Altus’ ARGUS Intelligence and other software. The deal, which the companies expect to close on or about March 1, 2026 subject to customary conditions, folded the 25‑year Canadian appraisal operation into Newmark’s Valuation & Advisory offering and immediately broadens its access to institutional investors, lenders, REITs, developers and public‑sector clients. Newmark frames the move as a strategic addition that complements its existing brokerage and advisory activities in Canada.

The transaction gives Newmark global access to ARGUS Intelligence, expanding its performance‑analytics software and data subscriptions and strengthening recurring, advisory‑driven revenue streams. Executives say integrating ARGUS and Altus data accelerates the migration of valuation workflows to software‑enabled analytics across Newmark’s platform, improving efficiency and consistency of appraisal outputs. The combination positions Newmark to offer deeper data‑backed market intelligence and to cross‑sell analytics subscriptions alongside traditional advisory work, tapping demand from institutional clients for integrated valuation, portfolio analytics and performance benchmarking.

Operationally, Newmark anticipates the purchase to create client and employee opportunities while scaling its Canadian advisory capabilities. The company is planning data integration, joint client support, training and product development in the months following closing to ensure continuity of service for lenders and funds that rely on the Canadian appraisal team. Newmark’s leadership presents the acquisition as both a route to immediate service expansion in Canada and a step toward embedding analytic products more tightly into its global valuation services.

Altus narrows to analytics

Altus frames the divestiture as part of a portfolio simplification to sharpen focus on its core analytics and data capabilities. CEO Mike Gordon says the sale allows Altus to redeploy resources toward analytics products while remaining confident the Canadian appraisal unit will thrive under Newmark’s global advisory umbrella and continue leveraging ARGUS Intelligence and Altus data.

Integration and timeline

Both firms stress customary closing conditions and collaboration during the transfer. Newmark and Altus detail ongoing cooperation on data integration, client support and training, with an anticipated close around March 1, 2026 contingent on final approvals.