Vehicle IV

Middleburg Heights, Ohio

Middleburg Medical Center/SW General MOB

San Antonio, Texas

Legacy Oaks Medical Campus

San Antonio, Texas

Dominion Crossing

San Antonio, Texas

St. Lukes Medical -Towers I & II

Middleburg Heights, OH

Med Arts I & II

Livingston, New Jersey

349 East Northfield

Maplewood, New Jersey

LVP

West Orange, New Jersey

769 Northfield

Vehicle IV

Middleburg Heights, Ohio

Middleburg Medical Center/SW General MOB

San Antonio, Texas

Legacy Oaks Medical Campus

San Antonio, Texas

Dominion Crossing

San Antonio, Texas

St. Lukes Medical -Towers I & II

Middleburg Heights, OH

Med Arts I & II

Gilbert, Arizona

Rome Towers

Livingston, New Jersey

349 East Northfield

Maplewood, New Jersey

LVP

West Orange, New Jersey

769 Northfield

Shopping Basket

Middleburg Heights, Ohio

Middleburg Medical Arts I & II

Total Square Footage: 55,000 SF

Acquisition Date: February 2022

Unrealized

Middleburg Medical Arts I & II are situated adjacent to the Southwest General Medical Campus (Middleburg Medical Center). With visibility along a major corridor outside of Cleveland, the buildings are well positioned to attract tenants and building value.

San Antonio, Texas

Legacy Oaks Medical Campus

Total Square Footage: 232,000 SF

Acquisition Date: February 2022

Unrealized

San Antonio, Texas

Dominion Crossing

Total Square Footage: 31,000 SF

Acquisition Date: February 2022

Unrealized

Since acquisition, Dominion Crossing has been brought to 100% occupancy. Altera continues to work alongside their local contact and tenants to maintain the relationships and tenancy.

San Antonio, Texas

St. Luke’s Medical Towers

Total Square Footage: 202,000 SF

Acquisition Date: April 2022

Unrealized

St. Luke’s Medical Towers was recently purchased with an impaired ground lease. Alongside closing the real estate, Altera negotiated a ground lease extension. The property is undergoing renovations throughout the buildings and parking garage.

Livingston, New Jersey

349 East Northfield

Total Square Footage: 53,000 SF

Acquisition Date: SEPTEMBER 2022

Unrealized

349 East Northfield was purchased alongside LVP, at a major discount to current market value due to foreclosure. Although 55% occupied at purchase, hands on ownership will be able to attract and retain tenants while rebuilding their relationships and improving the state of the building.

Maplewood, New Jersey

LVP

Total Square Footage: 39,000 SF

Acquisition Date: NOVEMBER 2022

Unrealized

Livingston Professional Medical (LVP) was purchased alongside 349 E Northfield, at a major discount to current market value due to foreclosure. LVP is a unique, class A building in Maplewood, New Jersey.

West Orange, New Jersey

769 Northfield

Total Square Footage: 75,000 SF

Acquisition Date: October 2019

Unrealized

In Q4 2019, Altera acquired the sheriff’s deed from Bank of China (BOC) related to a 75,000 SF medical office building located 2 blocks from the St. Barnabas Medical Center in West Orange. This acquisition was related to a foreclosure action by the BOC that was under appeal, resulting in an acquisition price substantially below replacement cost in an infill location.

Altera intends to take the building largely back to shell condition, replace all mechanical and electrical systems, and replace the skin of the building and windows. The net result will be a Class A medical office building offering the only block of space in excess of 25,000 SF in an infill market that has historically seen large medical users, including St. Barnabas, lease large blocks of space in close proximity to the hospital.

Gilbert, Arizona

Rome Towers

Total Square Footage: 134,000 SF

Acquisition Date: February 2022

Unrealized

Rome Towers has seen exponential leasing velocity since acquisition. Altera recently signed a lease with Phoenix Children’s Hospital, bringing the markets’ most reputable brand into the building.