Alturas Capital Partners Buys Retail Asset in Billings, Marking Its First Investment in Montana

Billings, Montana – April 28, 2026 – Alturas Capital Partners, an Idaho-based real estate investment company, has purchased 905 S. 24th Street West in Billings. The 100,800-square-foot retail building marks Alturas Capital Partners’ first investment in Billings and in the state of Montana. 

The property sits on roughly eight acres at the corner of King Avenue West and S. 24th Street West, just off Interstate-90 and a mile from Rimrock Mall. Neighbors include Home Depot, Lowe’s, Walmart, and TJ Maxx, making the West End one of Billings’ busiest shopping destinations. 

“Montana has been on our radar for a long time, and Billings is exactly the kind of market we want to be in,” said Joshua Utke, Director of Acquisitions at Alturas Capital Partners. “This is a great building in a great location, and we’re already hearing strong interest from tenants. We’re excited to share who’s joining us here in the coming weeks.” 

Alturas Capital Partners plans to announce the new tenants for the building over the coming weeks. Brokers and tenants interested in leasing space at the property can reach out to Kevin Cremer of JLL at kevin.cremer@jll.com or 406-860-5585. 

About Alturas Capital Partners 

Alturas Capital Partners is a real estate investment and operating company based in Boise, Idaho. The company owns and operates commercial real estate throughout the Western United States, with an emphasis on the Intermountain West and Inland Northwest. Built on long-term partnerships with investors, brokers, and tenants, Alturas Capital’s mission is to create and unlock value in the communities it serves. Founded in 2015, Alturas Capital Partners has grown its portfolio significantly, managing a diverse array of assets and continually seeking new acquisition opportunities in growth markets. For more information about Alturas Capital Partners and its portfolio, please visit alturascapitalpartners.com.