ALTO raises $110m for third value

ALTO Real Estate Funds, a boutique investment company, has raised $110 million for its third value-add retail fund, according to IREI’s FundTracker database. The firm did not comment on its fundraising efforts.
The fund, ALTO Value-add Retail Fund III, will invest in retail properties throughout the United States.
The firm expects to receive equity from a few more investors in order to reach its $200 million fundraising goal. The fund has already acquired six investments and deployed $40 million of equity.
The fund’s predecessor, ALTO Value-add Retail Fund II, closed in 2015 with $147 million in equity commitments.
ALTO Real Estate Funds provides investors with real estate investments with a low-risk profile, combined with a value-add approach, to target an attractive annual yield and long-term, stable cash flow.

ALTO raises $110m for third value
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