Altera Performance Land Fund

Aultrust takes a different view of land financing through over 100 years of presence in the development industry sitting around a table and deep-rooted industry connections, our team, enjoys a vast body of development knowledge to prudently underwrite, examine risk, assess value and quickly identify ideal opportunities that meet the fund’s investment criteria. Altera Performance Land Fund invests in strategic development, brownfield, greenfield, or assembly land opportunities and carefully underwrites each opportunity from a developer‘s point of view.

Fund Strategy

Aultrust recognizes a serious and growing gap in the market is the availability of capital for land transactions by mid-size developers. Prime land financing by the banks is extremely limited and only offered to the largest of players in town. Private financing for land remains exclusive domain of only a handful of large institutional lenders who are generally constrained by portfolio allocation limits to land. Altera Performance Land Fund seeks to invest in select land development project carefully chosen by its expert panel of land developers. Altera Performance Land Fund leverages the experience of its board to underwrite and finance only select parcels of development land that can be acquired if required.

Performance Target:
8% Net
MER:
1.5%
Redemption:
3 months’ notice, after 3-year lock-up period

Units of the fund may be purchased directly through Aultrust Financial, please contact Investor Services at:

investor@aultrust.com

T: 604.336.9021

 

Must meet eligibility criteria.

Altera Performance Land Fund is managed by Altera Capital Corp. Altera Capital is a subsidiary of Aultrust Financial and Swiss Real Investments.

SwissReal has an intimate understanding of emerging trends in Canada and Europe, allowing it to recognize opportunities and generate value for investors. That is why Aultrust and SwissReal have joined forces to provide investors with Real Estate strategies that are not only borne out of deep expertise and market knowledge but are also efficiently designed with both domestic and international investors in mind. Our combined finance and real estate experience provides a platform for exposure to Vancouver’s Real Estate market that is flexible and offers optimal returns on a risk-adjusted basis.

For more information, please contact us using the form below.

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DISCLOSURE
The information relating to the Fund presented on this website has not been audited and may be calculated and presented differently from similar information in other sources.
The material on this website is presented only to provide information and is not intended for trading purposes. Closed-end funds, unlike open-end funds, are not continuously offered. After the initial offering, shares are sold on the private market. Closed-end funds may be leveraged and carry various risks depending upon the underlying assets owned by a fund. Investment policies, management fees and other matters of interest to prospective investors may be found in each closed-end fund report. For additional information, please contact your investment professional.
Shares of closed-end funds frequently trade at a discount to their net asset value, which may increase risk of loss. The risk may be greater for investors expecting to sell their shares in a relatively short period after completion of the fund’s initial offering.
As with any security, the price of the fund’s common units will fluctuate with market conditions and other factors. Shares of closed-end management investment companies frequently trade at a price that is less than (a “discount”) or more than (a “premium”) from their net asset value. If the fund’s shares trade at a premium to net asset value, there is no assurance that any such premium will be sustained for any period of time and will not decrease, or that the shares will not trade at a discount to net asset value thereafter. Additionally, the fund’s distribution rate may be affected by numerous factors, including changes in realized and projected market returns, fund performance, and other factors. There can be no assurance that a change in market conditions or other factors will not result in a change in the fund distribution rate at a future time.
Total net asset value (NAV) return measures the change in NAV per unit over the period indicated. Total market value return is computed based upon the Fund’s underlying assets valuations and excludes the effects of brokerage commissions.