Altera Investment Partners

Overview

Altera Investment Partners is a private equity real estate firm based in Austin, Texas, focusing on value-add and opportunistic investments across the capital structure from $5 million to $250 million, emphasizing industrial assets including shallow bay, last mile distribution, and industrial outdoor storage, as well as distressed debt and special situations across all asset types. The firm's investment strategy involves acquiring and operating opportunistic and value-add commercial real estate across the southeastern and southwestern United States, with a particular emphasis on industrial assets. Altera combines decades of institutional investment experience and over $30 billion of nationwide acquisitions with best-in-class, local operational expertise and hands-on management. Altera's principals have over 20 years of commercial real estate debt investment experience, having invested or advised on over $5 billion of debt transactions across the U.S., spanning performing, sub-performing, and non-performing assets and all major property types. The firm's investment criteria include renovation or repositioning, owner-user sales, mark-to-market, distressed debt, special situations, and B or better submarkets, targeting property types such as shallow bay industrial, last mile warehouse/distribution, industrial outdoor storage, R&D, covered land, and other asset types selectively considered. Preferred markets include Dallas/Fort Worth, Houston, Austin, and San Antonio, with transaction sizes ranging from $3 million to over $250 million and return profiles aiming for middle to upper teens levered IRRs over a 2 to 5-year hold period.