We recognize that our most valuable assets are the relationships and partnerships we develop with brokers, investors, and tenants. To that end, we've been very deliberate about creating and documenting our processes for working with our partners. These systems provided for win-win opportunities and pave the way for long-term relationships.
The following is our process for working with our real estate broker partners, we call it . . .
Our mission is to create extraordinary value for our broker partner and your tenant clients. To accomplish this we have implemented these core principles.
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We work diligently to provide relevant, timely feedback to our broker-partners. The goal is to provide initial feedback within 48-hours. During this time we seek to:
How the Broker-Partner Benefits:
How Alturas Benefits:
Prior to putting a property under contract and during due diligence, we spend a great deal of time consulting with the broker-partner and together we verify and corroborate our assumptions.
The broker-partner plays a pivotal role in this collective effort, and while we handle the heavy lifting, the broker-partner is an integral and highly-valued consultant who is involved every step of the way.
How the Broker-Partner Benefits:
How Alturas Benefits:
One of the most critical components of any successful team is dependability. We need to know that we can count on each other and that both parties will follow through on their commitments.
How the Broker-Partner Benefits:
How Alturas Benefits:
We enjoy paying commissions. It’s not something we dread or resent, instead we recognize that it means a successful transaction has been completed with our broker-partner.
We pay commissions on the acquisition. When deals go sideways, we do not look to the broker’s commission to make a deal or bridge a gap. If a seller is not paying a commission, we take care of it on our side. If there is leasing involved, we also pay leasing commissions. For instance on some tenant-in-tow transactions some groups would only pay on the acquisition not the lease, we pay for both transactions.
We are loyal to the broker-partner that brought us the project if they want to stay on and do the leasing. We will also be loyal when it comes time to sell. The broker-partner who provided the deal on the front-end will get the first opportunity to list the property for sale.
How the Broker-Partner Benefits:
How Alturas Benefits:
When the broker-partner is interested, we invite them to invest in the project alongside us as an equal partner. There are no additional fees that the broker-partner pays that we do not pay.
How the Broker Partner Benefits:
How Alturas Benefits:
We view everything from a long-term perspective. We are looking to build relationships that are built-to-last and grow over time. This is a more effective and profitable way of doing business for everyone.
How the Broker Partner Benefits:
How Alturas Benefits:
To learn more about partnering with Alturas Capital Partners download our Acquisition Criteria.
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Have a deal that you'd like for us to review? Please reach out to DevinMorris@Alturas.com or TravisBarney@Alturas.com.
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