Oct
07
Denver Partnership Pays $224M for 24 Properties
ByDENVER—A partnership involving Northstar Commercial Partners and ALTO Real Estate funds has spent $224 million for 24-property portfolio amassed by a New York private investor.
Denver-based Northstar, a 16-year-old investment firm, and ALTO, a US firm that invests capital raised in Israel, hope to add value to the portfolio, which they say has an overall vacancy of 40%.
The property includes office, retail and industrial buildings in 12 states. It was compiled by Moshe Silagi, an Israeli immigrant who moved to the US in 1976…
Denver Partnership Pays $224M for 24 Properties
