Altus Group enhances US appraisal management offerings with acquisition of New Market Real Estate Group

“The acquisition of New Market strengthens our real estate advisory services offerings by enhancing our depth of valuation expertise to even better serve our large institutional clients,” said Rick Kalvoda, Senior Executive Vice President at Altus Group. “New Market’s experienced team and impressive industry reputation will add value to our growth initiatives.”

Founded in 2001, New Market offers a full range of real estate services throughout the United States including real estate research, valuation, acquisition, investment analysis and counseling services. It serves a diverse group of clients including pension funds, institutional lenders, real estate investment trusts, law firms, insurance companies, investors, developers and taxing authorities. The firm specializes in analysis of institutional-grade properties such as large mixed-use projects, office buildings, shopping centers, industrial properties, apartment high-rise buildings and complexes, hotels, resorts and development land.

“We look forward to joining Altus Group, which shares in our commitment of providing exceptional client service,” said Michael Carey, Founder and President of New Market Real Estate Group. “We are confident that our clients will benefit significantly from Altus Group’s expanded geographic reach, complementary advisory services and innovative technology solutions.”

New Market’s team of 11 seasoned real estate professionals will be integrated into the Company’s Altus Analytics division, increasing its number of professionals in the Northeast to deliver greater value to clients.