TORONTO, ONTARIO--(Marketwire - Jan. 30, 2013) - Altus Group Limited ("Altus") (TSX:AIF) and ARGUS Software ("ARGUS") are pleased to announce the fourth annual ARGUS Software University Challenge. This unique challenge provides students with the opportunity to gain valuable experience by solving real-world investment analysis scenarios. As the next generation of real estate professionals prepare to enter the marketplace, ARGUS Software is making ARGUS Enterprise the system of choice for universities. This year the challenge will incorporate ARGUS Enterprise, the next step in the evolution of CRE analysis and asset management. Introduction of this software reflects our commitment to universities to help prepare their students for a successful career in today's commercial real estate industry.
"ARGUS is pleased to be an integral part of the real estate industry education process with our powerful software platform being taught in over 130 universities worldwide," said Lynn Clarke, Director of Education and Training, ARGUS. "Through the University Challenge, we aim to support future industry professionals; enhancing their practical knowledge and teamwork skills as we continue to develop and invest in our commitment to education."
Each university can enter one team of three to five currently registered students to participate in the challenge. Teams will simulate a real-life investment analysis of a real estate property using ARGUS DCF to model different scenarios based on the assumptions provided.
Teams will compete for a series of cash prizes. A panel of judges, including leaders from the academic community, industry professionals and ARGUS team members, will review the models submitted by the student teams and select the winners. Winners will be announced April 2013.
About ARGUS Software
ARGUS Software is the leading provider of software and solutions for analyzing and managing the value of real estate investments worldwide. ARGUS Software has a world-class user base, consisting of over 90,000 users, and has been focused solely on the commercial real estate segment for over 20 years. The ARGUS Software portfolio includes industry-standard products, including ARGUS Enterprise 9, the most robust asset management solution in a single, integrated platform.
About Altus Group Limited
Altus leads the global real estate industry in offering professional real estate advisory services, data solutions and intelligence about an organization's assets, generating a wealth of knowledge and insight. With a staff of over 1,700, Altus has a network of over 50 offices in a number of countries worldwide, including Canada, the United Kingdom, the United States, Australia and China. We operate five interrelated Business Units, bringing years of experience and a broad range of expertise together into one comprehensive platform: Research, Valuation and Advisory; Cost Consulting and Project Management; Realty Tax Consulting; Geomatics, and ARGUS Software. Altus' clients include banks, financial institutions, governments, pension funds, asset and fund managers, developers and landlords and companies engaged in the oil and gas industry.