# Altus Group

Altus Group is an Asset Manager based in Colorado Springs, Canada.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Colorado Springs, Canada
- **Region:** North America
- **Address:** Toronto, Ontario, Canada
- **Founded:** 2005
- **Assets under management:** Undisclosed
- **Website:** altusgroup.com
- **LinkedIn:** https://www.linkedin.com/company/altus-group

## About

Altus Group is a leading provider of commercial real estate (“CRE”) intelligence, anchored by ARGUS – the industry’s go-to software for valuation and performance analytics. For more than two decades, Altus has played a vital role in empowering CRE professionals with the analytics and trusted advice they need to make high-stakes decisions with confidence. The world’s CRE leaders rely on our market-leading solutions and expertise to drive performance and manage risk. Our people around the world are making a lasting impact on an industry undergoing unprecedented change – helping shape the cities where we live, work, and build thriving communities. For more information about Altus (TSX: AIF) please visit www.altusgroup.com.

## Sectors

- Real Estate
- Commercial Real Estate

## People

- Jim Hannon — Chief Executive Officer

## Questions

### Who makes the key strategic and operational decisions at 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.

### How does Altus Group source the underlying data that powers its analytics platform?

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.

### Does Altus Group primarily operate as a software company or a professional services firm?

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.

### Which types of commercial real estate participants use Altus Group's products?

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.

### How does Altus Group's competitive position compare to CoStar or RealPage?

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.

### Does Altus Group maintain its own balance-sheet real estate investments?

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.

## Related profiles

- [Alturas Wealth Management](https://altss.com/profile/alturas-wealth-management-llc)
- [Amarna Capital Partners](https://altss.com/profile/amarna-capital-partners)

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Last updated: 2026-06-03T20:00:00.000Z

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