While access to deal flow is essential, we believe that “buying right” is another key to success.  Like Altus’ other acquisitions, the Linpage acquisition was based upon comprehensive underwriting.   Altus through its generational experience has developed an underwriting methodology to comprehend the full range of risk associated with an investment. Cash flow.

We believe that the majority of capital has concentrated on primary, coastal, or “Sun Belt” markets and on trophy assets, causing investment capitalization rates for these assets in these markets to fall, even ahead of fundamentals.   Meanwhile, the robust pricing, in general, has not broken through in other “secondary” markets, particularly in ‘value add’ transactions.   With more limited buyer competition, we see significant value creation opportunities in these oft overlooked markets.