Altus Equity Group, LP today announced it closed funding for its Altus Multi Tenant Income Fund.
Online PR News – 20-May-2014 – SANTA ROSA, CA – Altus Equity Group, LP today announced it closed funding for its Altus Multi Tenant Income Fund. Altus plans to use the funds to purchase multi-tenant properties, including apartment buildings. By geographically distributing the properties, but focusing on Northern California, the location risk for the investors is reduced and Altus’ infrastructure capabilities are enhanced.
Founder Forrest Jinks said “Recent studies have shown a material shift away from owning to renting, increasing the absolute number of renters. The effects of the real estate crash over the past decade have resulted in a new generation of renters, with families and individuals unable to obtain financing and/or choosing against the responsibilities of home ownership.”
The Fund is poised to capitalize on population growth, near record low interest rates, lack of new apartment construction, and rent increases which will improve yield and property values while also serving as an inflation hedge.
Altus Equity is a boutique Alternative Asset firm with a 15 year history and proven track record across many real estate investment classes. The company generates above market returns by unleashing hidden value with a goal of optimizing portfolio returns for each and every one of its investors by aligning risk-return profiles, geographic criteria and preference for yield and/or capital appreciation.
For more information about the company visit www.altusequity.com or call (707) 932-5887.