Altus Group Income Fund has completed the acquisition of the real estate appraisal management practice of PricewaterhouseCoopers (US).

Altus financed the acquisition through a combination of cash, bank financing and equity.

As part of Altus' global growth strategy, the acquisition enhances its ability to operate worldwide while broadening its local insight.

A team of professionals provide valuation consulting and analytic services to a blue chip client roster. The acquired teams will operate from offices in New Jersey, Texas, California and Georgia, adding to Altus' existing US presence including New York, Hawaii and Florida.

"With this high profile acquisition, Altus continues to develop a US presence with a targeted and strategic approach that will extend the reach of our research, valuation and advisory arm," says David Jenkins, president, research, valuation and advisory, Altus Group. "These business assets are highly regarded and permit Altus to leverage additional service offerings while maintaining a commitment to local, independent advice and established expertise."

Altus Group is a provider of independent real estate consulting and professional advisory services.