Altus Group

Jim Hannon serves as Chief Executive Officer, a role he has held since 2017. As a publicly traded company, major strategic pivots — such as the 2024 divestiture of its UK property tax business — are approved by the board of directors. Angelo Bartolini serves as Chief Financial Officer, overseeing financial operations and investor relations.

Altus Group's data advantage comes from the daily intake of its advisory practices. The firm's tax and valuation professionals handle detailed property-level financials and physical attributes for a large share of institutional real estate in North America. This service-derived data is anonymized, aggregated, and fed into the Altus Analytics platform, creating a proprietary feedback loop that arms investors with comparable transaction data, cost benchmarks, and performance forecasts that are difficult to replicate externally.

Altus Group operates as both, though its stated strategic intent is to grow the analytics segment into the dominant revenue stream. The firm's legacy property tax and valuation consulting divisions remain significant, generating cash flow and client relationships. However, since 2019 the company has acquired several data and software assets, including Reonomy's AI-driven property intelligence, and has been migrating clients onto a unified SaaS platform to increase recurring revenue as a share of total income.

The firm serves institutional investors such as pension funds, private equity real estate firms, REITs, sovereign wealth funds, and commercial banks. Named clients in its public disclosures include major asset managers like Blackstone and Brookfield. Lenders use Altus for portfolio valuation and risk monitoring, while asset managers subscribe to the analytics platform for performance attribution and market benchmarking across office, retail, industrial, multifamily, and hotel property types.

Altus Group competes in overlapping categories with CoStar, RealPage, and MSCI Real Assets but with a differentiated pathway into client organizations. While CoStar dominates leasing and sales comparable data, Altus's deepest relationships are often inside the CFO or asset-management office through its tax and valuation mandates. This creates a different data signal — more focused on valuation, tax assessment, and development cost intelligence — which the firm bundles with software to serve chief appraisers and portfolio managers rather than brokers.

In May 2024, Altus Group announced the conclusion of a strategic review that resulted in the sale of its UK property tax services business. The divestiture allowed the firm to concentrate investment and management attention on its higher-growth analytics segment and its core North American commercial real estate consulting operations. The transaction marked a deliberate shift away from low-margin, labor-intensive tax outsourcing in non-core geographies.

No. Altus Group is an advisory, analytics, and technology firm, not a property investor. It does not deploy capital into direct real estate acquisitions, development projects, or fund commitments. Its revenues are entirely fee-based, generated by providing professional opinions, tax recovery services, and software subscriptions to property owners and lenders.