ALTO Real Estate Funds

Alto Real Estate Funds was founded in 2010 by Mody Kidon and Yaniv Melamud.[1][2] The Alto closed end funds invest in commercial properties - primarily retail - in the U.S., with offices in Manhattan, Dallas and Tel Aviv. As of 2018, Alto has invested $1,1 billion in total property value, with some 61 properties covering 12 million sq.f.[3]

Alto Real Estate Funds
Industryreal estate
Founded2010
FounderMody Kidon
Yaniv Melamud
HeadquartersUnited States

Acquisition

In 2019, Alto Real Estate Funds has purchased Quebec Square, a 207,611 square foot, 91% leased, massive shopping center with a big national draw in Denver, Colorado. They bought the land for $42.25 million.[4]

In 2020, ALTO Real Estate Funds has bought Prince William Square, a 232,957 square foot, 89% owned, leading retail center situated in Woodbridge, Virginia, with national appeal. They bought the property for $37.85 million.[5]

References
  1. "ALTO Real Estate Funds sells a third property in New York City for $22 million".
  2. "ALTO 2 real-estate fund makes first purchase".
  3. "About Us | Alto Investments". Alto Investments. Retrieved 2018-07-01.
  4. "ALTO Real Estate Funds Acquires Denver's Quebec Square Shopping Center". Businesswire. 2 October 2019. Retrieved 1 May 2020.
  5. "ALTO Real Estate Funds Acquires Prince William Square Shopping Center In Woodbridge, Virginia For $37.85 Million". Businesswire. 5 February 2020. Retrieved 1 May 2020.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.