CalPERS Agreement Expands U.S. Reach For Altus Group Limited
TORONTO, ONTARIO–(Marketwire – Aug. 16, 2012) – Altus Group Limited (“Altus”) (TSX:AIF) today announced that its North American Valuation division has signed a five-year contract with the California Public Employees’ Retirement System (“CalPERS”) to oversee the Annual Appraisal schedule of Real Assets, and provide Independent Appraisal Reviews and other Advisory and Consulting Services for the pension fund’s real estate investment portfolio. The engagement further extends Altus’ reach into the pension fund arena, and underscores its leading industry advantage in the provision of independent, professional services, combined with proprietary data, analytics and technology.
Altus’ platform offers clients a range of unparalleled analytics – ranging from overriding market intelligence to custom‐tailored data for day‐to‐day operations and business decisions – a distinct advantage for large real estate portfolios. Altus’ tools will enable CalPERS to aggregate a large database of information from a number of different sources and geographies, benchmark their individual property valuations, and gauge performance against similar assets in a specific region, all of which results in greater transparency, compliance and risk mitigation.
“CalPERS’ careful selection of Altus, after a rigorous search process, is a testament to the fact that clients have come to rely on our independent perspective as the industry standard for an offering able to harness market data and intelligence into real business value,” said Robert Ruggles, President, Research, Valuation and Advisory, USA, Altus Group. “Our depth and breadth of service offerings, experience and expertise in multiple sectors and geographic regions, and our wealth of proprietary technology allows for greater efficiencies in terms of processes and costs – and differentiates Altus Group in the marketplace.”
Altus’ analytics platform and service offerings, including software DataBridge and DataExchange, continue to attract a number of significant clients in the investment management, pension and insurance sectors.
About Altus Group’s Research, Valuation & Advisory Practice
A trusted source of independent appraisal management expertise, analysis and market information, Altus Group’s Research, Valuation & Advisory (“RVA”) team is the leading provider of market intelligence and data, allowing clients to better assess return on investment and manage the risks associated with their assets. Supported by one of the most complete market knowledge infrastructures across North America, our professionals have a wide range of specialized skills, knowledge and experience in both local and national markets. They also have a thorough understanding of how individual market dynamics relate to national and international trends, and they consistently deliver solid, independent advice. RVA offers the following services: valuation and appraisal, legal support, decision-making support, financial due diligence, targeted research, market information and perspective, tenant satisfaction studies, industry benchmark reporting, and presentation materials. For further information, visit https://www.altusgroup.com/business-units/valuation-advisory.
About Altus Group Limited
Altus leads the global real estate industry in offering professional real estate advisory services, data solutions and intelligence about an organization’s assets, generating a wealth of knowledge and insight. With a staff of over 1,700, Altus has a network of over 50 offices in a number of countries worldwide, including Canada, the United Kingdom, the United States, Australia and China. We operate five interrelated Business Units, bringing years of experience and a broad range of expertise together into one comprehensive platform: Research, Valuation and Advisory; Cost Consulting and Project Management; Realty Tax Consulting; Geomatics, and ARGUS Software. Altus’ clients include banks, financial institutions, governments, pension funds, asset and fund managers, developers and landlords and companies engaged in the oil and gas industry.
About California Public Employees Public Employees’ Retirement System
With assets of approximately $237 billion, CalPERS is the largest public pension fund in the U.S. It administers retirement benefits for more than 1.6 million California State, local government, and public school employees, retirees, and their families on behalf of more than 3,000 public employers, and health benefits for more than 1.3 million enrollees.
Camilla BartosiewiczBartosiewiczVice President, Investor Relations
Last updated on September 12th, 2019 at 01:09 pm