Newmark Group Acquires Altus Canadian Appraisals Unit, Licenses ARGUS Intelligence

Newmark strengthens Canadian valuation arm with Altus appraisals deal

Newmark Group is acquiring Altus Group’s Canadian commercial real estate appraisals business and taking a multi‑year licence for Altus’s ARGUS Intelligence, in a move that embeds the appraisals unit into Newmark’s Valuation & Advisory platform. The deal, expected to close on or about March 1, 2026, brings a team with more than 25 years of Canadian appraisal experience into Newmark’s global advisory operations and expands its performance‑analytics software and data subscriptions.

The transaction is designed to deepen Newmark’s product-led advisory capabilities by combining a well‑established Canadian appraisal practice with ARGUS Intelligence and other Altus data offerings. Roger Anscher, Newmark’s chief administrative officer, says the acquisition adds “a premier Canadian business” that complements the firm’s brokerage and advisory activities and strengthens relationships with institutional investors, lenders and public‑sector clients. The licence for ARGUS Intelligence aims to accelerate analytics adoption across Newmark’s valuation teams and build more predictable, recurring revenue tied to advisory services and software subscriptions.

Operational integration focuses on data and client continuity as Newmark folds the unit into its Valuation & Advisory line. Both firms plan coordinated data integration, client support, training and product development to ensure a seamless transfer of services and to scale ARGUS Intelligence across Newmark’s global footprint. The companies emphasise the move is intended to create opportunities for employees and clients while enhancing Newmark’s ability to deliver analytics‑driven valuations and performance reporting.

Altus sharpens analytics focus while transitioning appraisals unit

Altus frames the divestiture as a portfolio simplification that allows it to concentrate on core analytics capabilities. Chief executive Mike Gordon says the Canadian appraisals business has played an important role in establishing Altus as a market intelligence provider and that it will “thrive as part of Newmark’s global advisory services,” continuing to leverage ARGUS Intelligence and Altus data.

Timing and customary conditions

The parties set an anticipated closing around March 1, 2026 and say the transaction remains subject to customary closing conditions. They underscore ongoing collaboration during the transition period to support clients, integrate data and advance joint product initiatives.