Founder And Ceo
CurrentWhen we started Alturas in 2007, we disregarded the advice of every “smart” person alive and began buying distressed residential real estate just as the market cratered. We trusted our own market analysis, made a bunch of mistakes, and had to buy, sell, and hold enough real estate until we figured out a business model. But it didn't last. By 2011, the market was changed, so we started a residential home building company as a way to continue scaling the infrastructure we had built. We also set out to expand our real estate income property portfolio, while also dabbling in angel investing in our local startup ecosystem. Over the next few years, we began scaling our homebuilding and real estate companies, focusing mostly on our cash flowing businesses. It wasn’t easy scaling multiple companies at the same time. We struggled to keep everything afloat. We ran out of money multiple times. It took us years, but we stayed true to our approach to do small experiments and always treat people the right way. Eventually, we put the pieces together and persuaded a handful of investors and bankers to join us in the journey. In 2015 we launched the Alturas Real Estate Fund. In 2020, we made our first acquisition of a local operating company. By 2022, we launched the Alturas Business Fund. Alturas’ annual revenues and assets under management are now in the hundreds of millions of dollars. We are expanding our existing businesses and starting and buying new ones. Our original businesses in construction and real estate have now become business engines for us (organizations that create new businesses), along with a business acquisition engine. We are business builders and business buyers. We love starting, scaling and operating businesses because of the opportunities the growth creates for our amazing employee partners.
