NEW YORK CITY (June 15, 2016) — Hightower, a leading end-to-end leasing management platform for the commercial real estate industry, today announced a technology integration agreement with Altus Group Limited (“Altus Group”) (TSX: AIF), a leading provider of independent advisory services, software and data solutions to the global commercial real estate industry. This agreement will provide a seamless flow of data between Hightower’s industry leading leasing management platform and ARGUS Enterprise®, Altus Group’s industry standard global asset and investment management platform.
“Partnering with Altus Group unlocks a new level of productivity and insight for our customers,” said Brandon Weber, CEO of Hightower. “Since Hightower is the system of record for commercial real estate owners to manage new and current tenants, it only makes sense that data from ARGUS Enterprise is seamlessly brought in. This integration closes the loop by showing the impact of leasing decisions on asset valuation, in real-time.”
This product integration will allow customers to integrate ARGUS Enterprise cash flow and valuation information with Hightower while budget and tenant information will be sent between Hightower and ARGUS Enterprise. Not only does this solve a huge workflow challenge for many customers, the integration will also allow Hightower and Altus Group clients to make more informed leasing decisions by seeing how different deals impact the valuation of their assets.
“We are excited to partner with Hightower to further provide customers with the complete visibility they require,” said Robert Courteau, Chief Executive Officer, Altus Group. “By enabling the connection of client leasing management and asset management platforms we can deliver better insight into the impact of leasing decisions and a best-in-class budgeting experience.”
Hightower is the leading end-to-end leasing management platform for the commercial real estate industry. Hightower helps owners and brokers save time, improve visibility, and reduce risk in their portfolio. Founded in 2013, Hightower has thousands of customers from around the world using its platform, with enterprise customers including Vornado, CBRE, NGKF, Beacon Capital, Shorenstein and more.
About Altus Group Limited
Altus Group Limited is a leading provider of independent advisory services, software, and data solutions to the global commercial real estate industry. Our businesses, Altus Analytics and Expert Services, reflect decades of experience, a range of expertise, and technology-enabled capabilities. Our solutions empower clients to analyze, gain market insight and recognize value on their real estate investments. Headquartered in Canada, we have approximately 2,300 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world’s largest real estate industry participants across a variety of sectors. Altus Group pays a quarterly dividend of $0.15 per share and our securities are traded on the TSX under the symbols AIF and AIF.DB.A.