Altus Equity Group Crafts Lucrative Investment Solutions for 1031 Clients Saving Investors Money, Time and Stress

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Dec 05, 2016, 09:00 ET

SANTA ROSA, Calif., Dec. 5, 2016 /PRNewswire/ -- Altus Equity Group, a well-respected alternative asset firm known for producing above market risk adjusted returns, has developed a niche investment opportunity for their 1031 clients, including the recent purchases of two multi-family properties: The 80 Unit - Normandy Place in Little Rock, Arkansas, which is expected to produce nearly $63,000 in rent per month with NOI of $34,000 per month, and the 194 Unit - Crosswinds/Cove Apartments, an $8.25 million complex located in Oklahoma City, Oklahoma. Many clients find themselves intimidated by the requirements of a 1031 exchange, as well as the mechanics of finding and closing on a suitable replacement property. Altus provides a clean solution to a predicament many investors and brokers face when trying to adhere to the tax laws and strict timelines related to 1031 transactions. Altus quickly acquires customized properties to fit their investors' needs, with very low effort on the investor's part. They also offer incentives for brokers to partner with them which is a win-win for the client. Forrest Jinks, Altus Equity Founder and President explains, "Investors need a very specific level of expertise to get the deal done—including property identification, due diligence, financing, and strategic execution. Not only can we provide that expertise, we help our clients qualify for financing that wouldn't otherwise be available to them, using our balance sheet and investing experience." Learn more about Jinks and Altus Equity's deals at: www.altusequity.com or call 707-932-5887.

Both the Normandy and Cove/Crosswinds properties have existing cash flow, with upside that will be driven by new management, and exterior and interior renovations. In addition, these properties are in desirable neighborhoods that are fully developed, thereby removing any concerns of competition from new construction. Because of Altus' reputation for closing transactions and their track record with large repositionings, their offer on Crosswinds was accepted despite being lower than competing offers. Their strong broker relationships presented them with the opportunity to offer on and close the Normandy property for their clients before it reached the market. In addition to providing guidance on 1031 transactions, market expertise, fronting the costs of pre-close items, due diligence, and loan qualifications, Altus also offers process and transaction facilitation, property and performance improvements, and ongoing asset management for its clients.

About Altus Equity Group

Altus and its principals have a sixteen-year history focused on opportunities within various real estate asset classes, including single family residences, multifamily, office and commercial. In contrast to most alternative asset firms, Altus Equity creates indisputable alignment between all related parties. Altus Equity has completed well over $100 million in real estate transactions with average annual returns to investors in excess of 17%. Altus also offers exceptional transparency to all investors through real time open access of all property documents including financial and banking records.

Altus is headed by Forrest Jinks, Founder and President who, as an entrepreneur from an early age, demonstrated a solid foundation of business acumen. Jinks acquired his first real estate property at a young age and grew that initial acquisition into Altus Equity Group, a formidable Real Estate Private Equity enterprise. Under Jinks' leadership, Altus Equity Group has diversified over various asset classes including single family, multi-family, commercial and retail involving development, repositioning, opportunistic and value add projects. He engages progressive, yet calculated business scaling, contingent upon the firm's ability to go after larger projects with discipline. He is recognized for his constant finessing of detail, systems and communications. For additional information about this and other projects visit: www.altusequity.com or call 707-932-5887.

Contact: Kristy Brooks
[email protected]
707-932-5887

SOURCE Altus Equity Group