Altus Group Update on Property Tax Business Sale

Altus Group Limited, a prominent provider of asset and fund intelligence for commercial real estate, has announced the conclusion of regulatory waiting periods related to its sale of its global Property Tax business to Ryan, LLC. The transaction, anticipated to be finalized around January 1, 2025, hinges on the fulfillment of customary closing conditions. The sale aligns with Altus Group's strategy to focus on its core strengths of delivering intelligence through advanced analytics and technology within the CRE sector. Ryan, LLC, a company specialized in tax services and solutions, will acquire Altus Group's Property Tax business, expanding its footprint in the field. Altus Group, with operations in various regions including North America, EMEA, and Asia Pacific, aims to streamline its operations and continue enhancing its strategic focus in real estate intelligence and advisory services. This divestiture forms part of Altus' forward-looking strategy to manage risks and improve performance returns for its clients.