Real Matters, Inc. entered into a binding letter of intent to acquire Altus Residential Ltd. from Altus Group Limited (TSX:AIF) for CAD 8.2 million in stock on December 21, 2012. The purchase price was settled through the issuance of additional Real Matters common shares, which increased Altus' equity interest in Real Matters from 19.0% to 25.7%.The transaction is intended to close on or before January 31, 2013.

Real Matters, Inc. completed the acquisition of Altus Residential Ltd. from Altus Group Limited (TSX:AIF) on January 1, 2013.