Income Type:Capital Preservation
Target Return:9% - 14%
- Investor Criteria: Accredited Investors
- Investment Type: Open-Ended Fund
- Asset Locations: Mountain West, Pacific Northwest
- Inception Date: 5/29/2015
- Total Return Since Inception: 20.20% (as of 09/30/2016)
- Assets Under Management (AUM): 29,280,000 (as of 09/30/2016)
- Maximum Offering: $100,000,000
- Maximum Debt Ratio: 75%
- Target Debt Ratio: 65%
- Current Debt Ratio: 64.74% (as of 09/30/2016)
- Distribution Frequency: Quarterly
- Management Fee: 1.5%
- Preferred Return: 8%
- Profit Split: 70/30 Members / Manager (after Pref)
- Equity Lockup Period: 24 months
- NAV Frequency: Quarterly
- Fund Administrator: Fairway America
- Securities Counsel: Perkins Coie
- Accounting Firm: Eide Bailly
- Audit Requirement?: Yes
Alturas CapitalBoise, Idaho
Alturas Capital, LLC is a diversified real estate investment company located in the Boise, Idaho area. Alturas has a unique investment culture with a conservative and principled approach to real estate investing.
Founded in 2007, the company made its first investment in 2009. The company has carefully built a track record of success, investing in projects valued in excess of fifty million dollars, creating millions of dollars in realized and unrealized gains for its investors.
Blake Hansen, Managing Partner
Blake is the managing partner of Alturas Capital and the Chief Investment Officer of the Fund. He leads the investment decision-making for the Fund, in addition to setting the overall investment strategy, vision and long-term investment objectives. He is a seasoned investor, with experience investing for over 20 years, across many asset classes primarily focused in real estate, including: single-family, multi-family, retail, and office.
Blake is the founder of Alturas Capital. Under his leadership, the firm has experienced significant growth and emerged as a premier investment firm in the region. He leads the investment efforts of the company and enjoys all aspects of the investing process. He especially enjoys collaborating with the high-performing team members at the firm.
Before founding Alturas, Blake worked for a national accounting firm, as a financial auditor, where he developed analytical reasoning skills in addition to gaining experience in underwriting and due diligence.
Blake is a member of the Urban Land Institute (ULI), the Idaho Chapter of Entrepreneur’s Organization, a world-wide community of entrepreneurs, and has served on the board of the local chapter. He is a screening committee member of the Boise Angel Alliance, and has invested in multiple angel funds in the region. He is a member of the Board of the Boise State Alumni Association, and serves on the Finance Committee of the Idaho Technology Council (ITC). He has been a mentor and adviser to various early stage start-ups and entrepreneurs.
Blake studied business at Brigham Young University in Provo, Utah, and graduated from Boise State University in Boise, Idaho with a degree in accountancy. He enjoys backpacking, hiking, skiing and spending time with his family in the outdoors. He and his wife, Kimberly, live in Meridian, Idaho with their five children, Allie, Sophie, William, Henry and Kate.
Travis Barney, Chief Credit Officer
Travis is responsible for acquisitions and asset management at Alturas Capital and he is the Chief Credit Officer of the Fund. He has an extensive background in real estate and finance. Travis plays a key role in originating, structuring, underwriting and closing real estate investments for the fund, and he is also responsible for asset management, reporting and operations.
Travis has been working with Alturas Capital since 2011. Before working at Alturas, he worked for a real estate investment fund located in Boise, Idaho that has raised over fifty million dollars ($50 million) in investment capital. At this fund, he assisted in the acquisition, underwriting and asset management efforts. After graduating from college, Travis accepted a position as a development project manager for a real estate developer in Salt Lake City, Utah. In this role, Travis managed all development activities for projects totaling more the $20 million.
Travis has a bachelor’s degree in Finance with a real estate emphasis from Brigham Young University in Provo, Utah. He enjoys spending time with his family, skiing, hiking, camping and enjoying the outdoors. He and his wife, Brittney, live in Eagle, Idaho, and are the proud parents of their son Grayson.