Activity pertaining to the Altus Opportunity Fund continues to accelerate. We are well underway with our fundraising efforts, while simultaneously tracking on multiple different platforms that will get us more exposure to other investing communities. We have completed our second successful third party audit of the Opportunity Fund (and Altus as a sponsor), this time via Crowd Check (click here to review the report). Fundraising continues and we are finalizing the details/requirements for being listed on the AIP platform that will enable us to offer investment into the fund via accounts on both the Schwab and Fidelity platforms. Meanwhile, assets continue to be acquired by the fund, with additional opportunities in the pipeline in which we are highly bullish. Distress in real estate is officially here, and it is only going to provide more opportunity for Funds like ours that are in the unique position to capitalize. Interested in investing or finding out more? Please contact Chad Richards (crichards@altusequity.com). If you would like to review the Opportunity Fund or the AE HGF NPL Fund investment decks you can access info at this link and this link respectively. See below for a recap of some of our projects underway… Activity Abuzz: Multifamily Construction, Oxford, MS: Progress continues on the 98-unit multifamily project. We’re nearing completion of the horizontal phase and vertical construction is set to begin shortly. The Altus Opportunity Fund is invested directly in this deal as the General Partner (GP). There is currently an opportunity for investors to invest in an LP capacity. This project is in a Qualified Opportunity Zone, and entitlement risk has been completely eliminated. If you have taxable gains that you would like to defer until tax year 2026, want to secure tax-free returns on a solid investment, and can benefit from accelerated and non-recaptured depreciation, please contact us for details. Amazon Distribution Warehouse, CA: Final agreements are being negotiated for the Amazon distribution center project. We’re excited about this build-to-suit venture and the return/risk profile of the project. This project will go into the Opportunity Fund. Industrial Warehouse, MS: We closed on a 350,000 sq. ft. (multi-building) warehouse a few weeks ago, and all signs point to this being a fantastic purchase by the Opportunity Fund. Between the existing improvements and additional land for expansion, this appears to provide almost unheard-of intrinsic value. This is exactly what we have in mind when evaluating projects with HUGE upside. We are currently in discussions with a few interested tenants for the space. Small Bay Industrial, TX: We have an agreed upon LOI and are currently working through the purchase and sale agreement (PSA) to purchase a fully stabilized property in one of our favorite Texas metros. We believe the Fund is getting a great buy in a situation where the seller is distressed but the property is not. In addition to the Fund’s investment as General Partner (GP), there will be opportunity for Limited Partners (LPs) to invest alongside the fund, including the potential for 1031 investors. More information will be available once we finalize the PSA. Highfill Duplexes Phase I, NW Arkansas: Construction for the first phase (100 units) is complete, and leasing is ongoing. We are evaluating the investment structure for the second phase of construction, and will provide details for investors in the coming weeks. Pref Equity Investment: The Fund made a preferred equity investment into a development project in the Austin metro. The Fund’s investment is less than 65% of the current appraised value with additional value not captured in the appraisal from the likelihood of a portion of the property being sold to the State of Texas through imminent domain. The returns expected on the investment are higher than the common equity investment hurdle in the fund, despite being in a more senior preferred equity position. New Industrial, Charleston, SC: The Camp Hall industrial project is complete other than an off-site lift station that is the responsibility of the local government. Leasing activity is underway for the 1.4 million square feet of space. Industrial, Austin TX: An offer has been accepted and due diligence well underway for our TIC interest in the property. The transaction is not scheduled to close until later this year, but the buyer has passed through a $1 million in non-refundable deposit. Industrial, Dallas/Fort Worth TX (Sale): Letters of intent have been negotiated on this property and the purchase and sale agreement is close to finalized. Most due diligence has been provided to the buyer. This property was not listed for sale, but the offer was strong enough it convinced us to move forward. Fund Updates: Altus Opportunity Fund: As mentioned above, we continue to execute on our fund acquisition strategy. Momentum in building with increased investment inflows, and the fund’s diverse portfolio is showing promising early results. We anticipate distributions starting with the recent close of Q2 for our early fund investors. For more information on the Opportunity Fund, click here. NPL Fund: The Non-Performing Loan Fund outperformed expectations in Q1, and again in Q2. There has been significant progress in loan acquisitions and workouts, indicating robust potential for returns to our investors. For more information on the NPL Fund, click here. ACG Updates (Altus Capital Group) – Private Money Lending: Our lending division remains active, having closed on multiple private money loans in the last few weeks, and many more in the pipeline. As always, opportunities are first offered to our active investor interest list. If you have a portion of your investment portfolio that is earmarked for debt, please reach out so we can add your name to our hot sheet. If you are trying to figure out the capital stack for your own project, feel free to reach out and we are happy to brainstorm possibilities with you. For those looking to explore equity investments or private lending opportunities, please contact Chad Richards (crichards@altusequity.com), our Director of Investor Relations, at (707) 227-4422 or reply directly to this email. We’re here to help you navigate the investment landscape and identify opportunities that align with your goals. Happy Investing, The Altus Investment Team This message is not an offer or solicitation of an offer to buy or sell any securities. Offers are made only by prospectus or other offering materials. The information contained herein has been obtained from a variety of sources which are believed to be reliable, but have not been independently verified, and may be subject to change without notice. To obtain further information, you must complete our investor questionnaire and meet the suitability standards required by law.
