Real estate is an asset class subject to cycles depending on underlying supply and demand fundamentals in the financial, property and occupier markets.
Acquisition of real estate assets which have significant cash flow and value enhancement potential through creative and active asset management, including targeted capital expenditure, tenancy lease-up, asset and tenancy repositioning and operating efficiencies.
Participation in select development opportunities to capitalise on markets with favourable supply/demand dynamics. Risk mitigation strategies include tenancy or purchaser pre-commitments, locked in building contracts and targeting markets which possess low barriers to entry.
Altis’ flagship pooled investment offering is the Altis Real Estate Equity Partnership (“AREEP”) series. The AREEP series is a return seeking strategy for wholesale and institutional investors. Each Vintage is to predominantly target current market dynamics and opportunities to achieve optimum risk adjusted returns.
To date the AREEP Series, comprising AREEP1, AREEP2 and AREEP3 have raised approximately A$775 million in equity commitments from wholesale and institutional investors.
The AREEP strategy is to target the acquisition of existing income producing industrial and commercial office assets. The overriding focus is on improving the income and investment profile of the real estate portfolio.
Altis is currently undertaking a capital raising for the AREEP 4 fund of $500M with first close targeted for Q2 2020. The strategy and return profile is similar to the previous AREEP funds.
In select circumstances, Altis undertakes direct real estate investments with Institutional Private Clients. These private client mandates are typically targeting a particular investment thematic based on our extensive research and on the ground data/trends.