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
ALTO Fund III 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.