Altus Group Launches ARGUS Intelligence for CRE Success
TORONTO — Recently at the Altus Connect conference, Altus Group (TSX: AIF) revealed an innovative product called ARGUS Intelligence. This tool is specifically designed to greatly improve the performance of commercial real estate (CRE) portfolios.
Revolutionizing CRE Investment Management
ARGUS Intelligence marks Altus' latest leap forward in software tailored for CRE investment management. By providing immediate performance insights, it changes the way investors model, monitor, and manage their assets. The software comes with a suite of new features for asset, portfolio, and benchmark management, integrating seamlessly with the established ARGUS Enterprise system.
Improved Data Analysis and Performance Tracking
With ARGUS Intelligence, investors can dynamically analyze and compare performance metrics, which helps enhance returns while reducing risks. As David Ross, Altus' Chief Technology Officer, noted, "ARGUS has been a leader for over 30 years in offering valuation transparency to the CRE industry. ARGUS Intelligence takes that legacy further, providing automated data connectivity along with advanced analytics for essential performance insights."
Key Features of ARGUS Intelligence
ARGUS Intelligence gives CRE investors the ability to regularly evaluate their portfolio's performance against internal benchmarks and those of industry peers. This feature helps them identify significant metrics and stress-test cash flows effectively.
Essential Functionalities for Effective Asset Management
The software includes essential functionalities such as:
- Asset Manager Functionality: Access real-time asset-level metrics and perform seamless scenario analyses.
- Automated Data Consolidation: Utilize Altus’ scalable data model to streamline ARGUS modeling data, revealing significant insights.
- ARGUS Enterprise: Apply trusted commercial property valuation and budgeting tools needed for efficient asset and portfolio management.
Additional Value-Added Capabilities
Beyond its core functions, ARGUS Intelligence includes valuable add-on capabilities:
- Portfolio Manager Functionality: Build custom asset groupings and conduct scenario analyses to gain insights into total portfolio performance, enabling quick detection of top-performing assets.
- Benchmark Manager Functionality: Expected to launch in early 2025, this feature will allow users to compare performance within the ARGUS ecosystem and carry out thorough attribution analyses.
Industry Response and Future Aspirations
Merritt Poole, Chief Financial Officer at Core Spaces, shared thoughts on the product's potential, saying, "It's exciting to see Altus launch a solution that transforms how the industry interacts with and utilizes data. The interactive dashboard of the Portfolio Manager provides vital performance insights, enabling professionals to quickly identify and tackle key drivers of portfolio value and cash flow growth."
About Altus Group
Altus Group is a leading provider of asset and fund intelligence in the commercial real estate sector. They offer a connected platform that leverages advanced analytics and industry-leading technology. Serving a varied global clientele, they assist commercial real estate investors, developers, lenders, and advisors in managing risks and optimizing performance throughout the asset lifecycle. Headquartered in Toronto, Altus Group employs approximately 2,900 professionals worldwide.
If you have any questions, please reach out to:
Camilla Bartosiewicz
Chief Communications Officer, Altus Group
(416) 641-9773
camilla.bartosiewicz@altusgroup.com
Elizabeth Lambe
Director, Global Communications, Altus Group
(416) 641-9787
elizabeth.lambe@altusgroup.com
Frequently Asked Questions
What is ARGUS Intelligence?
ARGUS Intelligence is an advanced software from Altus Group aimed at improving portfolio management for commercial real estate investors.
How does ARGUS Intelligence enhance data analysis?
The software includes features that empower investors to dynamically analyze and compare performance metrics, making decision-making more effective.
What are the primary features of ARGUS Intelligence?
Key features encompass asset management, automated data consolidation, and integration with ARGUS Enterprise for streamlined valuation and forecasting.
When will the Benchmark Manager feature be released?
The Benchmark Manager capability is expected to roll out in early 2025, offering new insights into performance comparisons.
What services does Altus Group provide?
Altus Group offers technology and intelligence for managing commercial real estate, focusing on mitigating risks and improving performance.
