Saltoro is a thematic investor focused on uncovering “alpha” in private real estate. Our approach is top-down, identifying needs that can be addressed through real estate solutions and then pinpointing optimal opportunities and partnerships. We take exceptional care to source and structure investments in a manner that befits sophisticated capital.
Saltoro adheres to a top-down investment framework, assessing macroeconomic trends, demographic shifts and supply-demand imbalances to identify opportunities with both growth potential and a margin of safety. Our investments exhibit one or more of the below characteristics.
Investment Approach
Bias for Cash Flow
Given the uncertainty around interest rates and real estate valuations, Saltoro favors cash flowing assets that can be financed with accretive debt. This is particularly true in asset classes where fundamentals are in a short-term slowdown or reversal.
High Barrier to Entry Locations
Preference for non-commodity locations with staying power that produce a long-term value premium and are subject to reduced supply threats. This is especially true for development projects that lack in-place cash flow.
Demographic Shifts
Saltoro targets markets and asset classes that stand to benefit from employment or population growth as well as changes in the demographic composition of a local, regional or national population.
Distressed Opportunities
Certain segments of the real estate market are distressed or undervalued due to operational challenges and/or over-leverage. Saltoro actively seeks to capitalize on such unique situations.
Real Estate Sectors
Multifamily
Saltoro is primarily focused on the acquisition and development of garden-style properties in growing Sun Belt markets.
Industrial
Saltoro is focused on both the acquisition and development of industrial properties in primary and secondary markets across the risk-return spectrum.
Net Lease
Saltoro is focused on merchant-build single-tenant net-leased (STNL) opportunities across property types.
Senior Housing
Saltoro is focused on the acquisition of cash flowing, private-pay Class A seniors housing properties in high barrier to entry locations.
Office
Saltoro seeks cash flowing, undervalued office assets to capitalize on distress currently reflected in office property pricing.
Other
Saltoro selectively considers investments in retail, digital infrastructure, student housing, hospitality, land and self-storage that meet our investment criteria.