DENVER—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.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
