CalSTRS Selects Altus Group's Data Analytics to Help Maximize Value of Their Real Estate Portfolio
Altus Group Provides Cloud-Based Solution to Increase Portfolio Transparency to Better Assess Risks and Opportunities
(firmenpresse) - NEW YORK, NEW YORK -- (Marketwired) -- 11/30/15 -- Altus Group Limited ("Altus Group" or "the Company") (TSX: AIF), a leading provider of commercial real estate services, software and data solutions, is pleased to announce it has signed a five-year contract with the California State Teachers' Retirement System ("CalSTRS") to provide data analytics solutions ("Altus Analytics") to help maximize the value of their real estate portfolio and enhance their compliance needs.
"The superior quality of Altus Group's data analytics tools quickly proved to be a key differentiator in CalSTRS' search for an integrated solution," commented Robert Ruggles, President of Research, Valuation & Advisory, U.S. at Altus Group. "Altus Group's data solutions include easy-to-use, cloud-based data analytics tools that provide users with a competitive advantage in how they examine risk and report on the performance of their real estate portfolios. These data-driven analytics tools are becoming critical for effective portfolio and investment management."
The Altus Analytics platform is a key differentiator of the Company's appraisal management offering:
"Real estate is a growing area of investment within the CalSTRS investment management plan," said Mike DiRe, Director of Real Estate at CalSTRS. "Adopting Altus Group's industry-leading analytics platform will help us maximize the value of our commercial real estate portfolio and enable us to continue to achieve strong returns on our real estate investments."
With a portfolio valued at US$188 billion as of October 31, 2015, CalSTRS is one of the largest public pension funds in the world and the largest educator-only pension fund, globally. Approximately 13%, or US$25 billion, of CalSTRS' investment portfolio is currently allocated to real estate. The CalSTRS real estate portfolio consists of traditional properties, such as offices, apartments, retail and industrial and non-traditional properties, such as hotels.
For sales inquiries or to request a product demonstration of the Altus Analytics platform, please visit or contact Richard Kalvoda, Senior Executive Vice President, Research, Valuation & Advisory, U.S. by email at or by telephone at 1-949-553-3047.
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. All of our five core practices - Research, Valuation and Advisory, ARGUS Software, Property Tax Consulting, Cost Consulting and Project Management, and Geomatics - embody and reflect decades of experience, a broad range of expertise, and leading edge technology. Our offerings empower clients to analyze, gain 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, spread across a broad variety of sectors.
The Company is focused on creating sustainable shareholder value that generates long-term returns by targeting organic and accretive growth while providing quarterly dividend payments of $0.15 per share. Altus Group's securities are traded on the TSX under the symbols AIF and AIF.DB.A.
For more information on Altus Group, please visit: .
About CalSTRS
CalSTRS administers a hybrid retirement system, consisting of traditional defined benefit, cash balance and voluntary defined contribution plans. CalSTRS also provides disability and survivor benefits. CalSTRS serves California's 879,000 public school educators and their families from the state's 1,700 school districts, county offices of education and community college districts. Follow us on Twitter (at)CalSTRS.
Contacts:
Altus Group Limited
Camilla Bartosiewicz
Vice President, Investor Relations
(416) 641-9773
FOR SALES INQUIRIES OR TO REQUEST A PRODUCT DEMO:
Altus Group Limited
Richard Kalvoda, Senior Executive Vice President,
Research, Valuation & Advisory, U.S.
(949) 553-3047
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Datum: 30.11.2015 - 13:13 Uhr
Sprache: Deutsch
News-ID 436304
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