TORONTO — Toronto-based commercial real estate services firm Altus Group recently announced it has acquired New Market Real Estate Group, LLC, a U.S. national real estate advisory firm.
New Market’s staff of 11 real estate consultants will be integrated into the Altus Analytics division, serving the northeast, a Jan. 10 media statement said.
“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, in the statement.
“New Market’s experienced team and impressive industry reputation will add value to our growth initiatives.”
Altus Group is a provider of independent advisory services, software and data services to the global commercial real estate industry,
Founded in 2001, New Market offers real estate services throughout the U.S. including research, valuation, acquisition, investment analysis and counselling services.
The firm specializes in analysis of institutional-grade properties such as large mixed-use projects, office buildings, shopping centres, industrial properties, apartment highrise buildings and complexes, hotels, resorts and development land, the statement noted.
“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.”
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