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Acquisition Criteriawww.alturas.com
Why Partner With Alturas?
Responsiveness
Collaboration
Reliability
Commissions
Co-Investment
Long-TermPartnerships
The Alturas Value-Creation
System for Brokers
Our mission is to create extraordinary value for our broker partners and your tenant clients.
To accomplish this we have implemented these core principles.
Long-Term PartnershipsOur business model is built on developing long-term partnerships. We are looking to develop relationships that are built to last and grow over time. We believe that this is the most effective and profitable way of doing business for everyone.
ResponsivenessWe know that your time is valuable. Our goal is to reply to your initial contact within 4 hours and to respond to your proposal, with a completed discounted cash flow analysis, within 48 hours.
CommissionsWe happily pay commissions on the acquisition, leasing, and sale of the property. The broker that brings the deal to us gets first priority on leasing and selling the investment. We do not look to cut out the broker’s commission to bridge a gap.
CollaborationWhile we handle the heavy lifting, the broker plays a pivotal role as a highly valued consultant who is
involved every step of the way. This allows the broker-partner to always
know where the deal stands and increases the likelihood that their
qualified projects make it to the closing table.
Co-InvestmentWhen the broker-partner is interested, we invite them to invest in the project alongside us as an equal partner (pari passu). As an investment partner, the broker-partner benefits from the long-term wealth creation that real estate ownership can provide, including cash flow, principal paydown, appreciation and tax depreciation.
ReliabilityOne of the most
critical components of any successful team is reliability. We want our
broker-partners to know that they can depend
on us doing all we can to make sure that a project
stays on track. We will not get to the end of the project and not close due to a lack
of capital or some other non-deal related issue.
If you have a project that you would like for us to consider,
please reach out.
Travis [email protected]
(208) 871-3959
Devin [email protected]
(208) 871-7655
Contact
Acquisition Criteria
We are actively looking for projects that meet the following criteria:
Geographic Footprint Growing markets in the following states:
� Arizona � Colorado � Idaho � Nevada � Oregon � Utah � Washington � Other Western markets on a
case-by-case basis.
Investment Size � $1MM to $30MM
Asset Class � Office � Industrial � Retail � Multifamily
Value-Add Investment Profile � 50-80% occupancy (possibly lower with tenant-in-tow) � Positive in-place cash flow � Quality properties that can be elevated to a higher level � Well located in growing markets and sub-markets � Also consider Development and Core Plus opportunities
on a case-by-case basis
We seek projects that have problems. Problems the current owners are unwilling to address. This might include vacancy, capital improvements, rollover risk, or other management challenges and deficiencies. We are actively looking for projects in our target markets.
C A P I T A L P A R T N E R S
Phoenix
Wenatchee
BoiseIdaho Falls
Twin Falls
Salt Lake
Colorado Springs
Travis [email protected]
(208) 871-3959
Devin [email protected]
(208) 871-7655
Contact
www.alturas.com
C A P I T A L P A R T N E R S
RetailEagle MarketplaceMSA: Boise, IDDate of Acquisition: Sep-15Occupancy at ACQ: 50%Size: 60,024 SF
Mission Village MSA: Wenatchee, WADate of Acquisition: Sep-16Occupancy at ACQ: 56%Size: 32,271 SF
Adelmann BuildingMSA: Boise, IDDate of Acquisition: Jul-17Occupancy at ACQ: 100%Size: 14,704 SF
Parkway PlazaMSA: Idaho Falls, IDDate of Acquisition: Feb-18Occupancy at ACQ: 77%Size: 75,300 SF
Dutch Bros ColoradoMSA: Colorado Springs, CODate of Acquisition: Aug-18Occupancy at ACQ: Built-to-suitSize: 874 SF
5804 FairviewMSA: Boise, IDDate of Acquisition: Aug-18Occupancy at ACQ: Tenant-in-towSize: 22,500 SF
Chinden and LinderMSA: Boise, IDDate of Acquisition: Oct-18Occupancy at ACQ: 72%Size: 10,257 SF
Retail (continued)
Shops at Decker LakeMSA: Salt Lake City, UTDate of Acquisition: Mar-19Occupancy at ACQ: 70%Size: 52,250 SF
IndustrialWestparkMSA: Boise, IDDate of Acquisition: Feb-16Occupancy at ACQ: Tenant-in-TowSize: 117,510 SF
595 WashingtonMSA: Twin Falls, IDDate of Acquisition: Dec-16Occupancy at ACQ: Tenant-in-TowSize: 11,195 SF
1550 Tech LaneMSA: Boise, IDDate of Acquisition: Feb-18Occupancy at ACQ: 48%Size: 105,759 SF
Office110 MainMSA: Boise, IDDate of Acquisition: Oct-15Occupancy at ACQ: 0%Size: 6,230 SF
1444 EntertainmentMSA: Boise, IDDate of Acquisition: Dec-16Occupancy at ACQ: 66%Size: 78,573 SF
Office (continued)
Siete Square IMSA: Phoenix, AZDate of Acquisition: Jun-17Occupancy at ACQ: 98%Size: 57,933 SF
Ashby on OsbornMSA: Phoenix, AZDate of Acquisition: Mar-18Occupancy at ACQ: 66%Size: 89,230 SF
Siete Square IIMSA: Phoenix, AZDate of Acquisition: Dec-18Occupancy at ACQ: 86%Size: 54,072 SF
4200 HawthorneMSA: Pocatello, IDDate of Acquisition: Apr-19Occupancy at ACQ: 100%Size: 78,225 SF
7733 EmeraldMSA: Boise, IDDate of Acquisition: Apr-19Occupancy at ACQ: 100%Size: 4,424 SF
Portfolio Summary
