Altus Group, a Canadian commercial real estate software and data analytics provider, is exploring a potential sale after receiving acquisition interest, with investment bankers soliciting offers from potential buyers, including private equity firms. The proptech, valued at C$2.9 billion,  following a 9% share price jump on the news, recently lowered its 2025 revenue forecast due to weakness in its appraisal and development advisory segments amid reduced transaction activity and tariff-related economic uncertainty. Altus, known for its ARGUS property valuation and portfolio management platform, recently streamlined operations by selling its property tax services business for C$700 million in 2024.

Canadian Real Estate Software Provider Altus Group Explores Sale