ALTO increased its equity commitment in ALTO fund III to $130 million.
Recently, ALTO sold three properties in the United States for a total
profit of 60% on the invested equity
NEW YORK & DALLAS–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/propertieis?src=hash” target=”_blank”gt;#propertieislt;/agt;–ALTO Real Estate Funds (“ALTO”) Held its Final Closing in January 2019,
Successfully Raising $130 Million in Commitments.
Fund III investment strategy will continue to focus on the acquisition
of yielding assets with value-add potential. The business plan aims to
improve tenant mix by targeting e-commerce proof, service-oriented
tenants such as restaurants, cafés and fast food, discount chains,
fitness and beauty parlors, medical clinics and more.
ALTO Fund III will have a distinct geographic focus. The fund will
invest in the top 12 growing markets in the US with good macro-economic
and demographic trends, mainly in the southern US. Fund III aims to
achieve net annual rates of return, ranging from 12% to 14%.
ALTO sold three properties in the United States during Q1 of 2019 for
$90 million and a total profit of 60% on the invested equity.
ALTO FUND I
Alto Fund I sold an open-air shopping center in California (Towngate)
for $51 million, reflecting a 70% profit on invested equity.
ALTO FUND II
Alto Fund II has realized Surprise Industrial, an industrial center in
Arizona for $24 million, reflecting a 20% profit on invested equity.
ALTO FUND II
Alto Fund II also realized the Shoppes at Calimesa, an open-air shopping
center in California, for $15 million, reflecting a 60% profit on
invested equity.
Alto’s main facts
10 Years of Operation
12 Million SF
Under Management
61 Properties Acquired
20% Net IRR (on
realized properties)
$1.1B Asset Value
24 Exits
Contacts
Michal Marder
+972-54-2527711
[email protected]
