top of page

Investment Strategy

Sunbelt Value-add Industrial
Altera acquires and operates opportunistic and value-add commercial real estate across the southeast and southwestern US with an emphasis on industrial assets. 

Altera combines decades of institutional investment experience and over $30B of nationwide acquisitions with best-in-class, local operational expertise and hands on management.  


Distressed Debt & Opportunistic Credit
Altera invests in distressed debt and opportunistic credit across property types and geographies within the US through both one-off whole loans and loan portfolio acquisitions.

Altera's principals have over 20 years of commercial real estate debt investment experience having invested or advised on over $5B of debt transactions across the US spanning performing, sub-performing and non-performing assets and all major property types. 

Industrial Storage

Investment Criteria

Value-add Industrial

We look for value-add and opportunistic investment opportunities with complex stories or situations where operational and financial expertise and new capital can unlock value. 

​

  • Renovation or repositioning

  • Owner-user sales

  • Mark-to-market

  • Distressed debt

  • Special situations

  • B or better submarkets

1 

Property Types

  • Shallow bay industrial

  • Last mile warehouse/distribution

  • Industrial outdoor storage

  • R&D

  • Covered land

  • Other asset types selectively considered

2

Preferred Markets

  • Dallas / Fort Worth

  • Houston

  • Austin

  • San Antonio

3

Transaction Size

  • $3M to $250M+

  • 25,000 SF - 500,000+ SF

4

Return Profile

  • Middle to upper teens levered IRRs over a 2 to 5 year hold period

Distressed Debt & Opportunistic Credit

We seek debt opportunities where we can utilize our depth of institutional credit investment expertise to restructure, resolve or recapitalize one-off or portfolio loan acquisitions.

​

  • Performing

  • Non- or sub-performing

  • Senior or junior lien positions

  • Recapitalizations

  • Preference for non-judicial states

  • Complex capital structures

  • B or better submarkets

1 

Property Types

  • All major property types

  • Mixed property portfolios

2

Preferred Markets

  • Top 50 MSAs preferred for single asset transactions

  • Will consider all markets for portfolios

3

Transaction Size

  • $3M to $250M+

4

Return Profile

  • +/- 6 - 18 month hold - 1.25x+ MOIC

  • +/- 2 - 5 year hold - Mid to upper twenties levered IRRs

bottom of page