Alturas Real Estate Fund Surpasses $125 Million in Assets

“One good acquisition at a time” has always been our approach to investing. That said, as we remain disciplined in our investment philosophy and continue to build relationships with brokers and tenants, our growth should only accelerate.

With the acquisition of 4200 Hawthorne Road in April, the Alturas Real Estate Fund eclipsed $100 million in assets under management (AUM). Four months later with the purchase of Sandcreek Plaza in August, the Alturas Real Estate Fund moved past the $125 million AUM and the 1 million square feet under management milestones. Since inception in 2015, the Fund has completed 28 acquisitions and 7 dispositions leaving our current portfolio of 21 properties and just over 1 million square feet.

While we celebrate surpassing these benchmarks, we also recognize that there is still work to do to reach our long-term goals for the Fund. We continue to make investments in the growing markets of the Intermountain West and Inland Northwest and our presence in these markets has grown correspondingly. We currently own assets in five states, including Idaho, Utah, Colorado, Arizona, and Washington.

Our portfolio is diversified among retail, office, industrial and residential properties and we are actively seeking new development, value-add and core-plus investments within these asset classes. We remain committed to our “one good acquisition at a time” mantra with an eye towards building upon the relationships that have made it all possible. Without question, it is our partnerships with our brokers, tenants and investors that have allowed us to reach these milestones. We look forward to building upon these partnerships and continuing this mutual growth and success for many years to come.