Altus Group Limited
TSX : AIF

Altus Group Limited

February 24, 2015 15:45 ET

Altus Group Announces Appointment of New Chairman

TORONTO, ONTARIO--(Marketwired - Feb. 24, 2015) - Altus Group Limited ("Altus Group" or the "Company") (TSX:AIF) is pleased to announce that Raymond C. Mikulich will serve as Chairman of the Company's Board of Directors effective upon the conclusion of the 2015 Annual General Meeting (AGM), subject to Mr. Mikulich's re-election by shareholders as a director of the Company at the AGM.

Mr. Mikulich will replace Harvey S. Naglie, who has served as the Chairman of the Board since 2005. Mr. Naglie will be retiring as Chairman and from the Board as of the 2015 AGM scheduled to take place on April 27, 2015 in Toronto.

"Harvey Naglie has served as Chairman of the Board since Altus Group went public in 2005, and has been instrumental in guiding and growing the Company to where it is today," said Robert Courteau, CEO of Altus Group. "On behalf of the Board of Directors, our management team and all employees, we sincerely thank Harvey for his dedicated service to the Company and for his many contributions to our growth and success."

Mr. Courteau added, "I would also like to take this opportunity to welcome Ray, whose extensive global real estate investment background and business acumen will help guide us through the next growth phase of our Company."

Mr. Mikulich has served as a director of the Company since December 2013. Currently Managing Partner and Chief Investment Officer for Ridgeline Capital Group, based in New York, NY, Mr. Mikulich has over 30 years of senior executive experience in investment banking, real estate private equity and capital markets. Previously, Mr. Mikulich led Apollo Global Real Estate North America and was a member of the investment committee and the co-head of the Real Estate Private Equity Group of Lehman Brothers and the Group Head of Global Real Estate Investment Banking at Lehman Brothers. He has served as a Trustee of the Urban Land Institute, a director of the Board of The Real Estate Roundtable, a member of the Advisory Board of the National Association of Real Estate Investment Trusts (NAREIT), as well as numerous other industry organizations. Mr. Mikulich graduated from Chicago Kent College of Law with a JD (Honors) and is a Certified Real Estate Consultant, and a RICS Chartered Surveyor.

About Altus Group Limited

Altus Group Limited is a leading provider of independent advisory services, software, and data solutions to the global commercial real estate industry. All of our five core practices - Research, Valuation and Advisory, ARGUS Software, Property Tax Consulting, Cost Consulting and Project Management, and Geomatics - embody and reflect decades of experience, a broad range of expertise, and leading edge technology. Our offerings empower clients to analyze, gain insight and recognize value on their real estate investments. Headquartered in Canada, we have approximately 2,300 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world's largest real estate industry participants, spread across a broad variety of sectors.

We are focused on creating sustainable shareholder value that generates long-term returns by targeting organic and accretive growth while providing quarterly dividend payments of $0.15 per share. Our securities are traded on the TSX under the symbols AIF and AIF.DB.A. For more information on Altus Group, please visit: www.altusgroup.com.

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