Alturas Capital Partners
Founded in 2015
alturas.com
Overview
Alturas Capital Partners is a real estate firm that owns and manages over 1 million square feet of commercial investment real estate. We focus on the growth markets of the Intermountain West and Inland Northwest (Idaho, Utah, Washington, Colorado and Arizona). We provide uncommon value for our brokers, tenants, and investors through long-term partnerships, transparency, and alignment.
investor capital managed
$49,748,225
Principal Experience
11 Years
Real Estate Experience
17 Years
Investment Programs Offered
Open-Ended Fund
Property Types
Retail, Multifamily, Industrial, Single Family, Diversified, Office, Medical Office
Regions
West
Strategies Employed
CRE Acquisition, Private Lending, Ground-up Development
Risk Profile
Core Plus, Value Add
Primary Markets
Boise City, ID, Salt Lake City, UT, Phoenix-Mesa-Chandler, AZ, Colorado Springs, CO, Spokane-Spokane Valley, WA
Track record
29 investments · 29 assets
| Investment | Type | Inception Date | Investment Amount | Realization Date | Total Proceeds | Realized IRR | Realized Equity Multiply | |
|---|---|---|---|---|---|---|---|---|
 1444 Entertainment | Direct Real Estate | 12/16/2016 | $13,087,793 | -- | -- | -- | -- | |
 1550 Tech Lane | Direct Real Estate | 08/03/2017 | $8,351,269 | -- | -- | -- | -- | |
 Westpark | Direct Real Estate | 04/25/2017 | $6,852,523 | -- | -- | -- | -- | |
 Adelmann Building | Direct Real Estate | 07/05/2017 | $2,219,768 | -- | -- | -- | -- | |
 Siete Square I | Direct Real Estate | 06/02/2017 | $8,924,237 | -- | -- | -- | -- | |
 Eagle Marketplace | Direct Real Estate | 09/11/2015 | $5,563,519 | -- | -- | -- | -- | |
 Mission Village | Direct Real Estate | 09/22/2016 | $5,103,960 | -- | -- | -- | -- | |
 Parkway Plaza | Direct Real Estate | 02/14/2018 | $3,375,950 | -- | -- | -- | -- | |
 The Ashby on Osborn | Direct Real Estate | 03/28/2018 | $12,654,046 | -- | -- | -- | -- | |
 5804 Fairview | Direct Real Estate | 08/14/2018 | $2,312,500 | 06/12/2020 | $3,350,705 | -- | -- | |
Page 1 of 3
Active investment summary
Amount of Active Investments
$221,916,578
Co-invested Capital
$0
Realized investments summary
Amount of Realized Investments
$5,650,705
Investments by property type
Office
64.66%
Industrial
11.36%
Retail
22%
Medical Office
1.99%
Total
100%
Team
Blake Hansen
Managing Partner
· 2009 - Present
Travis Barney
Partner and Chief Credit Officer
· 2013 - Present
Opportunities
Open
Monitored
Diversified
Alturas Real Estate Fund
The Alturas Real Estate Fund was created in May 2015 and owns a diversified portfolio of cash gener...
Inception: 05/01/2015
Funded
Monitored
Office
110 Main
This marquee Boise historic mansion, built at the turn of the 20th century, has been converted to o...
Inception: No date provided
Funded
Monitored
Office
1444 Entertainment
This is an 83,000 SF, Class A office building located at 1444 Entertainment near the intersection o...
Inception: No date provided
Funded
Monitored
Industrial
1550 Tech Lane
105,000 SF multi-use industrial building located at 1550 Tech Lane.
Inception: No date provided
Funded
Monitored
Office
2206 Whitley
The Alturas Real Estate Fund purchased 2206 N. Whitley Dr. in Fruitland, Idaho (a town on the weste...
Inception: No date provided
Funded
Monitored
Office
4200 Hawthorne
The LEED Certified Silver building, constructed in 2011, is well located just off I-86 at 4200 Hawt...
Inception: No date provided
Funded
Monitored
Retail
5804 Fairview
This 22,500 SF retail space is located at the busy intersection of Fairview Ave. and Curtis Rd.
Inception: No date provided
Funded
Monitored
Medical Office
7733 Emerald
The property, built in 1988 and renovated in 2006, is fully occupied by a single tenant - Dermatolo...
Inception: No date provided
Funded
Monitored
Retail
Adelmann Building
This multi-tenant 17,000+ SF building is an iconic downtown Boise structure and is located at 204 N...
Inception: No date provided
Funded
Monitored
Office
Airport Center
Alturas Capital Partners has added Airport Center, two flex-office buildings, to the Alturas Real E...
Inception: 12/20/2020
Funded
Monitored
Single Family
Alturas Homes
Alturas Capital Partners made a significant investment in new home building through its subsidiary ...
Inception: No date provided
Funded
Monitored
Office
Centennial Tech
Alturas Capital Partners, in our largest acquisition to date, added the Centennial Technology Cente...
Inception: No date provided
Funded
Monitored
Retail
Chinden & Linder
Acquired this pad at Eagle Island Marketplace with plans to develop it into a 10,257 square foot st...
Inception: No date provided
Funded
Monitored
Office
Cottonwood Plaza
Cottonwood Plaza is a 43,426 SF office building located at 350 Mitchell St. in Boise.
Inception: No date provided
Funded
Monitored
Retail
Dutch Bros
Acquired a 0.94-acre lot in August 2018 with plans to construct a new 824 SF Dutch Bros franchise d...
Inception: No date provided
Funded
Monitored
Retail
Eagle Marketplace
60,000 SF retail property located at the intersection of two of the busiest highways in the state -...
Inception: No date provided
Funded
Monitored
Retail
Eagle View Plaza
Inception: No date provided
Funded
Monitored
Industrial
Excel Fabrication
Alturas Capital Partners has added an industrial property totaling 23,000 SF on 2.42 acres to the A...
Inception: No date provided
Funded
Monitored
Office
Garden Gateway Plaza
Alturas Capital Partners has acquired Garden Gateway Plaza located at 1355, 1357, and 1365 W Garden...
Inception: 02/19/2021
Funded
Monitored
Industrial
Idaho Natural and Organic Foods (INAOF)
The Alturas Real Estate Fund (AREF) acquired the Idaho Natural & Organic Frozen food (INAOF) proces...
Inception: No date provided
Funded
Monitored
Industrial
International Gateway Center Phase II
Alturas Capital Partners added International Gateway Center Phase II, an Industrial Flex building l...
Inception: 12/21/2020
Funded
Monitored
Retail
Mission Village
Located at 212 W. 5th St., this property consists of 32,116 SF of multi-tenant commercial and retai...
Inception: No date provided
Funded
Monitored
Office
North Creek Office Complex
Alturas Capital Partners has added the North Creek Office Complex to the Alturas Real Estate Fund p...
Inception: 01/29/2021
Funded
Monitored
Retail
Parkway Plaza
This 75,300 SF retail property is a milestone acquisition for Alturas as it increases the geographi...
Inception: No date provided
Funded
Monitored
Retail
Sandcreek Plaza
The 35,903 SF retail center is 100% occupied and is located at 939 S. 25th East, Ammon, Idaho, part...
Inception: No date provided
Funded
Monitored
Retail
Shops at Decker Lake
Salt Lake City, UT - March 1st, 2019 - Alturas Capital Partners is proud to announce the Alturas Re...
Inception: No date provided
Funded
Monitored
Office
Siete Square I
Our first Phoenix acquisition, Siete Square I is 57,933 SF multi-tenant office property located in ...
Inception: No date provided
Funded
Monitored
Office
Siete Square II
The Alturas Real Estate Fund has acquired Siete II, a 54,072 square foot, multi-tenant office build...
Inception: No date provided
Funded
Monitored
Office
The Ashby on Osborn
Formerly the Country Club Manor, this 90,000 SF office property is our second acquisition in Phoeni...
Inception: No date provided
Funded
Monitored
Office
The Presidio
The Presidio, an 81,222 SF Class A office building in Colorado Springs, CO, represents a significan...
Inception: No date provided
Full Cycle
Monitored
Retail
1124 Caldwell
This 2,600 SF retail property sold in June of 2017 for an equity multiple of greater that 3X. Origi...
Inception: No date provided
Full Cycle
Monitored
Retail
12005 Meridian
This was a full-cycle project - Alturas acquired the property at 12005 Meridian E., replaced the ol...
Inception: No date provided
Full Cycle
Monitored
Industrial
595 Washington
June 17, 2019 - The Alturas Real Estate Fund has sold an industrial building located at 595 Washing...
Inception: No date provided
Full Cycle
Monitored
Retail
Dutch Bros Caldwell
This is a full-cycle deal. Alturas purchased the property, built a new Dutch Bros coffee drive thro...
Inception: No date provided
Full Cycle
Monitored
Multifamily
Legend Townhomes
This project consisted of 18 fully-occupied townhomes in Kansas City, MO. It was purchased in Decem...
Inception: No date provided
Full Cycle
Monitored
Retail
Treasure Valley Crossing
The Alturas Real Estate Fund sold a 21,000 SF retail strip center in Nampa, ID. The building, part...
Inception: No date provided
Copyright © Verivest LLC 2021
Verivest is not registered with the SEC or any similar state agency, is not an investment advisor and does not offer investment advice. Verivest does not (and cannot) recommend any of the sponsors or investment opportunities referenced on this site. All private investments involve risk and uncertainty, including lower than projected returns and a complete risk of loss of invested capital. Investors should conduct thorough due diligence and consult with qualified legal and financial advisors before making any investment decisions.