(image: Altus Group Limited)
TORONTO, Oct. 13 (Korea Bizwire) — Altus Group Limited (“Altus Group”) (TSX: AIF), a leading provider of software, data solutions and independent advisory services to the global commercial real estate (“CRE”) industry, announces the release of the latest version of cloud-enabled ARGUS Enterprise (“AE”). AE 13 delivers greater power and flexibility in cash flow and valuation modelling, budgeting and reporting including significant productivity and user-experience enhancements for multi-family and mixed-use portfolios.
AE, powered by ARGUS Cloud, is the industry leading global asset and investment management platform enabling clients to model, forecast, manage, analyze and report on their CRE assets and cash flows from acquisition to disposition, while delivering greater value through the ability to store, backup and access ARGUS models in one centralized cloud-based platform.
As the commercial real estate industry continues to be challenged with the complexity stemming from a multitude of processes, workflows and applications along with an array of data usability challenges, investors and asset managers are seeking a more direct line of sight into performance. AE 13 delivers greater visibility and significant added functionality for multifamily and mixed-use commercial and residential portfolios, including cash flow modelling, more robust budgeting and asset management capabilities and added support for German valuations. Cloud-enabled AE 13 also provides key user experience and productivity enhancements including federated single sign-on, integrated dashboards and enhanced reporting.
“The need for greater visibility and insights into performance is now more critical than ever. We’re focused on delivering more value to customers through cloud-enabled AE 13 which enables users to improve the way they interact with their applications and data in the cloud, strengthening transparency and decision-making,” said Steve Bezner, Executive Vice President, ARGUS Product and Development at Altus Group.
AE 13 provides a number of key capabilities:
- Powerful Enhancements for Multi-Family and Mixed-Use – enables greater modelling flexibility for complex multi-family and mixed-use assets including loss to lease, rent incentives, unit absorption and multi-family recoveries, and provides for standardized forecasting and valuations of commercial and residential assets as well as cash flow and budget consolidations for mixed-use portfolios.
- Improved German Valuations Functionality – includes support for DACH region owners, investors and service providers with German multi-family valuations using German Income Approach. This functionality provides users with greater ability to analyze European leases through indexed rents, unit rollover scenarios based on rent growth and to dynamically forecast unit renewals.
- Increased Visibility and Reporting – allows users to better understand complex investments and measure performance with enhanced rent roll integration, portfolio and tenant account reporting and dashboard KPIs. Additionally, AE 13 provides users with a more holistic view and better access to the data sets within ARGUS tied to models, scenarios and portfolios, supporting improved workflow and decision-making.
- Enhanced User Experience with Federated Single Sign-On – introduces federated single sign-on to allow clients to manage the user authentication process by utilizing their internal company single sign-on to access ARGUS solutions. This enhances corporate security and provides a more seamless login experience.
For more information on ARGUS Enterprise 13, please visit: https://www.altusgroup.com/argus/products/argus-enterprise
About Altus Group Limited
Altus Group Limited is a leading provider of software, data solutions and independent advisory services to the global commercial real estate industry. Our businesses, Altus Analytics and Altus Expert Services, reflect decades of experience, a range of expertise, and technology-enabled capabilities. Our solutions empower clients to analyze, gain insight and recognize value on their real estate investments. Headquartered in Canada, we have approximately 2,200 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include many of the world’s largest real estate industry participants. Altus Group pays a quarterly dividend of $0.15 per share and our shares are traded on the TSX under the symbol AIF.
For more information on Altus Group, please visit: www.altusgroup.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Altus Group Limited
Jeff Hayward
Vice President, Global Marketing & Communications
416-234-4212
jeff.hayward@altusgroup.com
Camilla Bartosiewicz
Vice President, Investor Relations
416-641-9773
camilla.bartosiewicz@altusgroup.com
Source: Altus Group Limited via GLOBE NEWSWIRE
