Altus Group to acquire commercial real estate valuation services business from SitusAMC for $225m.

Altus Group, a provider of asset and fund intelligence for commercial real estate, agreed to acquire commercial real estate valuation services business from SitusAMC, an independent provider of advisory, strategic outsourcing, talent and technology solutions to the commercial and residential real estate finance industry, for $225m. “Current market complexity and increasing financial reporting demands drive the need for high quality and timely valuations and data driven insights for CRE investors and operators. We are excited to have the highly regarded REVS team join the top talent at Altus Group. Collectively we will expand the scope of valuation offers, including advanced analytics, that we deliver to clients,” Jim Hannon, Altus Group CEO.