For further information about Altera, please contact
Joanne Runge: jrunge@alteradevco.com

5910 N Central Expressway
Suite 1360
Dallas, Texas 75206

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    Houston, Texas

    Pin Oak Park

    Total Square Footage: 505,106 SF

    Acquisition Date: XXXX 2024

    Unrealized

    XXXX

    Houston, Texas

    T-Mobile Tower

    Total Square Footage: 140,012 SF

    Acquisition Date: April 2024

    Unrealized

    This offering represents a unique opportunity to invest in a well-located, urban medical outpatient building which has been historically mismanaged, resulting in a currently under valued piece of real estate. The building is currently 68% leased with rents 30% below market. The property is being purchased for $99/SF and the partnership plans to invest $51/SF in capital improvements in order to reposition the property to a Class B+ asset, which is roughly 45% of the replacement cost of the building.