Real Asset Strategies

We invest across the financial capital stack with debt, mezzanine, and equity exposures into real estate and infrastructure strategies.

Our primary investment approach is to get direct exposure as often as possible while identifying investments that provide lower-than average risk for the expected return. Often most important is the skill and alignment of our sponsor partner and their track-records. We believe that real asset investing is something you can “get good at”, and that positive return experiences tend to repeat themselves more than other asset classes.

Insights and Resources

Troubled waters and paradigm shifts

Real estate has long been a haven from inflation and risk mitigation, but the unprecedented effects of the pandemic have called into questions many of its former characteristics.

Determining where to allocate

Risk and opportunity – seemingly two ends of a barbell – may be the only dichotomy worth considering in today’s environment. Core and core-plus assets that are not at risk of obsolescence are still attractive, but opportunity is brewing in higher risk credit where fundamentals are still intact.

Open Funds:

Real Asset Opportunity #1

Private vehicle with exposure into a value-add, Class A, creative office asset located on the Ponce City Market campus

Altera’s SPV is investing alongside Jamestown – an institutional sponsor with a successful 35-year track record. We believe we are acquiring a trophy asset at a basis that is expected to produce value-add returns but with a lower than typical risk profile.

Closed Funds:

Altera Storage Yield Plus PA, LLC

Real estate strategy focused on acquiring self storage properties in secondary and tertiary markets

This fund is investing with a sponsor focused on acquiring self storage properties across the Southeast in secondary and tertiary markets. We have invested with this manager before and continue to believe in the investment thesis and attractive risk-return profile.

Altera Self Storage PA, LLC

Real estate strategy focused on secondary and tertiary self storage markets across the Southeast

We are leading an investment with exposure to multiple sponsors focused on purchasing and aggregating self storage properties located in secondary and tertiary markets across the Southeast. We believe our pocketed approach within Self Storage to be the most attractive existing strategy, providing investors the opportunity to limit downside risks without sacrificing the upshot of double‐digit IRRs

Altera SLT Extended Stay, LLC

Investment partnership with a Non-Traded REIT in the Economy Lodging Space

We are working with a proven leader in the economy and lower-mid scale extended lodging sector. This strategy combines the benefits of current yield with the additional upside from asset appreciation and scale.

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