Altus Group

Proptech Veterans Launch Tech-Enabled Multifamily Lender Platform to Address Market Challenges and Announce $450 Million Partnership with Taconic Capital Advisors

Retrieved on: 
Monday, November 13, 2023
Residential Building & Real Estate, Banking, Commercial Building & Real Estate, Urban Planning, Technology, Construction & Property, REIT, Professional Services, Software, Fintech, Finance, Brewer Street, Oxford, Altus Group, Acquisition, Currency crisis, Learning Technology Partners, Investment, Multimedia, Capital, CRE, Dislocation, Mischief, Partnership, Environment, Face, Bank, Property technology, Taconic

Ease Capital (“Ease”), a tech-enabled multifamily lender, founded by CRE Proptech veterans, Charlie Oshman, Memo Sanchez, and Ryan Simonetti, today announced a $450 million partnership with Taconic Capital Advisors (“Taconic”) to provide borrowers with bridge and bridge-to-permanent multifamily financing solutions ranging in size from $5.0 - $35.0 million.

Key Points: 
  • Ease Capital (“Ease”), a tech-enabled multifamily lender, founded by CRE Proptech veterans, Charlie Oshman, Memo Sanchez, and Ryan Simonetti, today announced a $450 million partnership with Taconic Capital Advisors (“Taconic”) to provide borrowers with bridge and bridge-to-permanent multifamily financing solutions ranging in size from $5.0 - $35.0 million.
  • The venture follows Ease Capital’s recent launch of a new direct lending platform designed to support borrowers struggling with limited financing options.
  • View the full release here: https://www.businesswire.com/news/home/20231113989502/en/
    While headlines are often dominated by large transactions, over 97% of multifamily properties in the United States are financed with loans under $30 million.
  • In addition to the partnership with Taconic, Ease raised $8.5 million in seed funding from leading Fintech, Proptech, and Insurtech investors including Brewer Lane, NineFour Ventures, Cambrian, Vera and Mischief last year.

Altus Group to Acquire APAC-Focused Valuation Software Provider Forbury

Retrieved on: 
Wednesday, November 8, 2023
Forbury, CRE, Intelligence, Growth, Altus, Acquisition, TSX, Altus Group, Commercial property

TORONTO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), announced today that it signed a definitive agreement to acquire the business of Forbury Property Valuation Solutions Limited (“Forbury”), a CRE valuation software provider in the Asia Pacific (“APAC”) region.

Key Points: 
  • TORONTO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), announced today that it signed a definitive agreement to acquire the business of Forbury Property Valuation Solutions Limited (“Forbury”), a CRE valuation software provider in the Asia Pacific (“APAC”) region.
  • Trusted by the market for over a decade across various asset classes, its flagship Forbury Commercial product is widely adopted for commercial property valuation in the APAC region.
  • “The addition of Forbury’s widely adopted valuation solution bolsters Altus’ global valuation offer in our growing APAC region,” said Gordon Richardson, President of Altus’ APAC Analytics division.
  • “With a global valuation platform, Altus is ideally suited and well-resourced to help accelerate Forbury’s growth and build on our success.

GTA new home market returns in September

Retrieved on: 
Thursday, October 26, 2023
Benchmark, Research, Policy, Altus Group, Housing, BILD, Government, Human, Condominium, Interview, GTA, Construction, Total, Cryptocurrency, Greater Toronto Area

“September sales surged as pent-up demand pulled buyers from the sidelines,” said Edward Jegg, Research Manager with Altus Group.

Key Points: 
  • “September sales surged as pent-up demand pulled buyers from the sidelines,” said Edward Jegg, Research Manager with Altus Group.
  • There were 595 single-family home sales in September, up 1,140 per cent from September 2022 and 37 per cent below the 10-year average.
  • “While we are starting to see a resurgence in the market, one month does not make a trend,” said Justin Sherwood, SVP Communications & Stakeholder Relations at BILD.
  • *Altus Group should be credited as BILD’s official source of new home market intelligence.

18th Annual Sam's Night Event Raises Over $1,400,000 For Duchenne Muscular Dystrophy Research

Retrieved on: 
Thursday, October 19, 2023
Cushman & Wakefield, PwC, Sam's Club, Clarion Partners, Colliers (company), PGIM, Research, Altus Group, Friends, PPMD, Male, Growth, Wells Fargo, JLL, Vinson & Elkins, Duchenne, Duchenne muscular dystrophy, CBRE, Trammell Crow Company, Ernst & Young, Private investigator, Fidelity National Financial

DALLAS, Oct. 19, 2023 /PRNewswire/ -- The Killian family, of Rockwall, are celebrating a record-breaking fundraising milestone with their annual Sam's Night event, to benefit Parent Project Muscular Dystrophy (PPMD). The 18th annual fundraiser, held on Thursday, October 12, 2023, raised an impressive sum of over $1,400,000. This fundraising success broke their previous record from last year's event when they raised $1.1 million. Thanks to its generous supporters, Sam's Night has raised $5.6 million since its inception in 2005.

Key Points: 
  • DALLAS, Oct. 19, 2023 /PRNewswire/ -- The Killian family, of Rockwall, are celebrating a record-breaking fundraising milestone with their annual Sam's Night event , to benefit Parent Project Muscular Dystrophy (PPMD).
  • The 18th annual fundraiser, held on Thursday, October 12, 2023, raised an impressive sum of over $1,400,000.
  • Thanks to its generous supporters, Sam's Night has raised $5.6 million since its inception in 2005.
  • Sam's Night (originally known as Sam's Family Fun Day) was started by the Killian family after their son Sam was diagnosed with Duchenne muscular dystrophy (Duchenne).

Altus Group to Announce Q3 2023 Financial Results on November 9, 2023

Retrieved on: 
Monday, October 16, 2023
Altus Group, RBC, TSX, Intelligence, Internet, Webcast, Telecommunications, Conference, TD, Altus

TORONTO, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), announced today that it plans to release its third quarter financial results for the period ended September 30, 2023 after market close on Thursday, November 9, 2023. Altus executives Jim Hannon, Chief Executive Officer, and Pawan Chhabra, Chief Financial Officer, will host a conference call and webcast at 5:00 p.m. (ET) the same day to review the financial results and discuss corporate developments.

Key Points: 
  • TORONTO, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), announced today that it plans to release its third quarter financial results for the period ended September 30, 2023 after market close on Thursday, November 9, 2023.
  • Altus executives Jim Hannon, Chief Executive Officer, and Pawan Chhabra, Chief Financial Officer, will host a conference call and webcast at 5:00 p.m. (ET) the same day to review the financial results and discuss corporate developments.
  • ET;
    TD Securities Technology Conference in Toronto on November 20, 2023, including an in-person fireside chat presentation with Jorge Blanco, Chief Commercial Officer at 11:30 a.m.
  • Institutional investors wishing to attend the conferences and schedule in-person meetings with Altus management should contact their RBC and TD representatives, as applicable, to register.

Altus Group CEO Jim Hannon Named to Commercial Observer’s 2023 Power PropTech List

Retrieved on: 
Thursday, October 12, 2023
Altus Group, TSX, Acquisition, Commercial, Intelligence, CRE, Power, Cryptocurrency

TORONTO, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), is proud to announce that its CEO Jim Hannon and executive Richard Sarkis have been named to Commercial Observer’s annual Power PropTech list for the second consecutive year.

Key Points: 
  • TORONTO, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Altus Group Limited (ʺAltus” or “the Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), is proud to announce that its CEO Jim Hannon and executive Richard Sarkis have been named to Commercial Observer’s annual Power PropTech list for the second consecutive year.
  • The Power PropTech list recognizes the most influential companies and people in the CRE proptech space who are driving change and innovation within the industry.
  • “It’s an honor for Altus to be recognized among some of the most respected leaders in the industry for the second year in a row,” said Jim Hannon, CEO of Altus.
  • We share this recognition with our team of CRE-focused data scientists who have been instrumental in driving our success.”
    For more information about Commercial Observer’s Power PropTech list, click here .

Altus Group Report Reveals Commercial Tax Rate in Major Canadian Cities Reaching More than Three Times the Residential Rate

Retrieved on: 
Wednesday, October 11, 2023
Benchmark, Goods and services tax (Canada), Operational technology, Environment, City, Operation, Quebec, Altus Group, Altus, Property management, Real estate, Silviculture

"As we assess this ever-changing landscape of commercial and residential property tax, it becomes clear that adaptability is key to navigating these times.

Key Points: 
  • "As we assess this ever-changing landscape of commercial and residential property tax, it becomes clear that adaptability is key to navigating these times.
  • The ratios in both cities have continuously dropped and since 2017, these two cities have had the most equitable commercial to residential ratios in this study.
  • The ongoing delay in reassessment is compromising the province’s economic competitiveness and could ultimately translate to higher property tax rates.
  • A copy of the Altus Group 2023 Canadian Property Tax Rate Benchmark Report can be downloaded at: https://www.altusgroup.com/insights/canadian-property-tax-benchmark-report/

GTA new home market quiet in August

Retrieved on: 
Thursday, September 21, 2023
Benchmark, Housing, Interview, GTA, BILD, Human, Altus Group, Construction, Greater Toronto Area, Research, Total, Cryptocurrency, Property management

Toronto, Sept. 21, 2023 (GLOBE NEWSWIRE) -- The GTA new home market was slow in August, the Building Industry and Land Development Association (BILD) announced today.

Key Points: 
  • Toronto, Sept. 21, 2023 (GLOBE NEWSWIRE) -- The GTA new home market was slow in August, the Building Industry and Land Development Association (BILD) announced today.
  • “While August is typically a slower buying month, the return of the interest rate hikes further dampened GTA new homes sales,” said Edward Jegg, Research Manager at Altus Group.
  • “Interest rates remain a barrier for prospective new home buyers in the GTA,” said Justin Sherwood, SVP Communications & Stakeholder Relations at BILD.
  • *Altus Group should be credited as BILD’s official source of new home market intelligence.

GTA new home market slows in July in response to rate hike

Retrieved on: 
Wednesday, August 23, 2023
Condominium, Housing, Interview, HST, GTA, BILD, Human, Altus Group, Construction, Greater Toronto Area, Federation, Research, Total, Property management

“GTA new home sales slumped in July,” said Edward Jegg, Research Manager at Altus Group.

Key Points: 
  • “GTA new home sales slumped in July,” said Edward Jegg, Research Manager at Altus Group.
  • There were 362 single-family home sales in July, up 281 per cent from July 2022 but 51 per cent below the 10-year average.
  • The benchmark price for new condominium apartments was $1,084,768, which was down 9 per cent over the last 12 months.
  • *Altus Group should be credited as BILD’s official source of new home market intelligence.

Altus Group Reports Q2 2023 Financial Results and Quarterly Dividend

Retrieved on: 
Thursday, August 10, 2023
Net, Treasury, Analytics, Prevention of the Avoidance of Income Tax Act, Revenue, ERP, Funding, Development, EBITDA, Investment, Corporation, Growth, Altus Group, Property tax, DRIP, Income Tax Act, EPS, Adjustment, Video game, Cryptocurrency, Bank, Holding company, Flat Earth News (book)

Analytics revenues increased to $99.7 million, up 21.4% (15.5% on a Constant Currency basis).

Key Points: 
  • Analytics revenues increased to $99.7 million, up 21.4% (15.5% on a Constant Currency basis).
  • Sequentially, Recurring Revenue increased 4.1% from $85.3 million in the first quarter of 2023.
  • Altus Group’s Board of Directors approved the payment of a cash dividend of $0.15 per common share for the third quarter ending September 30, 2023, with payment to be made on October 16, 2023 to common shareholders of record as at September 30, 2023.
  • Altus Group’s Dividend Reinvestment Plan (“DRIP”) permits eligible shareholders to direct their cash dividends to be reinvested in additional common shares of the Company.