Alturas Capital Makes Investment in New Homes
Written by Travis Barney | June 1, 2015
EAGLE, Idaho — Real estate investment company Alturas Capital recently made a significant investment in new home building through its subsidiary, Alturas Homes www.alturashomes.com.
Founded in 2011, Alturas Homes has emerged as one of the preeminent home builders in Idaho, building in seven communities in the Boise metropolitan area. Focused on building quality new homes and dedicated to its customers, Alturas Homes has been gaining market share and expects to be one of the 10 largest home builders in the Treasure Valley in 2015.
“People recognize what the Alturas Homes brand represents – outstanding customer service, the highest quality workmanship and a commitment to doing things the right way,” said Andrew Knowles, a real estate agent with Keller Williams in Boise. “Alturas Homes clients refer their friends and family because they love their homes and the way they are brought into the process to make their home unique and tailored to their needs.”
Alturas builds in Brighton communities www.brightoncorp.com, a competitive advantage for the company.
“Brighton’s communities are recognized as the premier communities in Boise due to their high quality standards, generous community amenities and the quality builders they have on their builder teams,” says Rod Givens, President of Alturas Homes. “We align with Brighton because we are both committed to quality – and that’s what you get when you are building a Brighton community – quality homes, quality neighbors, quality subdivision with everything you expect to have.”
Alturas Homes provides a unique building experience allowing for customization during the home building process.
“Each home is different because each of our clients is different and has unique needs and wants,” Givens said. “We want our customers to be happy, to love their homes and refer their friends and family to us to experience the unique home building process for themselves. Building a long-term home building company means listening to our clients and delivering what they want.”
Travis Barney, the Chief Credit Officer for Alturas Capital and Alturas Fund, said the timing is perfect for Alturas to invest in new home construction.
“This investment in Alturas Homes gives the Fund exposure to a segment of the real estate market that is still well below historical averages in terms of production levels,” Barney said. “We expect to see continued opportunities in new home construction in the months ahead.
In addition to the greater Boise area, Alturas Homes also builds high-end custom homes in other areas of Idaho, including popular vacation destination McCall. Alturas also is considering an expansion to the Sun Valley area.
“The foundation of our company is centered on the high-end custom home market,” Barney said. “That’s what we know, and that’s what we deliver to our customers. We have an expertise that is unique in our market.”
About Alturas Homes
Alturas Homes is a premier home builder in Eagle, Idaho, building homes in Boise, Eagle, Meridian, Star, Middleton and other areas in the Boise metropolitan area. Building on a 50-plus year tradition of building in the Treasure Valley, Alturas Homes.
Alturas Capital Partners is a Boise, Idaho based commercial real estate investment company and manager of the Alturas Real Estate Fund. The company actively invests in office, industrial and retail properties, with a focus on the Pacific Northwest and Intermountain West. Alturas owns properties in Idaho, Washington, Arizona, Colorado and Utah. The Shops at Decker Lake is the 24th asset purchase for the Fund. Since 2009, the firm has made investments valued at over $250 million and is actively seeking to acquire additional assets in the Western United States. Learn more about our commercial real estate investment company.