financetom
Business
financetom
/
Business
/
Altus Equity Group Continues Multifamily Acquisition Activity with Lubbock Purchase
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Altus Equity Group Continues Multifamily Acquisition Activity with Lubbock Purchase
Mar 11, 2026 1:22 AM

LUBBOCK, Texas, Jan. 22, 2026 /PRNewswire/ -- Altus Equity Group Inc. has completed the acquisition of a 279-unit multifamily portfolio in Lubbock, Texas, reinforcing the firm's continued investment activity as it actively deploys capital amid ongoing uncertainty across the real estate capital markets.

The off-market transaction reflects Altus' disciplined approach to identifying cash-flowing assets with strong in-place performance and financing structures that provide flexibility across market cycles.

"This acquisition is consistent with how we approach investing—prioritizing durable operations, downside protection, and the ability to adapt as market conditions evolve," said Andy Eicher, Senior Vice President of Investments at Altus Equity Group. "We remain active in sourcing and executing opportunities where pricing, operations, and capital structure align."

The portfolio consists of two adjacent communities—Bentwood Apartments and Bend at Bentwood Apartments—located along Loop 289 near major retail and employment centers. At closing, the properties were approximately 99% occupied and financed with long-term, fixed-rate assumable debt. No renovation program is planned.

The transaction capped an active year for Altus. In 2025, the firm acquired eight multifamily properties across West Texas, expanded into small-bay industrial with a 160,000-square-foot acquisition in the Dallas–Fort Worth Metroplex, and launched the Altus Secured Income Fund. The firm expects to continue its acquisition activity and further expand its investment platform in 2026.

Founded in 2003, Altus Equity Group is a privately held real estate investment firm focused on acquiring and operating multifamily and industrial properties throughout the United States.

About Altus Equity Group Inc.                              

Altus Equity Group is a privately held real estate investment firm that primarily owns and operates multifamily and industrial properties throughout the United States. Founded in 2003, Altus has completed hundreds of transactions across residential, industrial, and retail property types. The firm's platform is supported by affiliated property management and private lending capabilities through Altus Management Group (AMG) and Altus Capital Group (ACG).

Media Contact:

James McGee

619-865-1551

[email protected]

View original content to download multimedia:https://www.prnewswire.com/news-releases/altus-equity-group-continues-multifamily-acquisition-activity-with-lubbock-purchase-302667622.html

SOURCE Altus Equity Group

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
No-frills carrier Frontier reports bigger-than-expected Q3 loss, shares fall
No-frills carrier Frontier reports bigger-than-expected Q3 loss, shares fall
Nov 3, 2024
(Reuters) - Frontier Group ( ULCC ), the parent of budget carrier Frontier Airlines, reported a bigger-than-expected loss in the third quarter on Tuesday, as overcapacity on domestic routes hit its revenue in the first half of the period. Shares of the carrier were down about 3% in early trading. An excess supply of airline seats in the domestic market...
European car safety agency snubs BYD's Atto 3 driver assistance system
European car safety agency snubs BYD's Atto 3 driver assistance system
Nov 3, 2024
MILAN (Reuters) - Europe's car safety agency has issued a not recommended rating to the driver assistance system used in BYD's Atto 3 EV, dealing a blow to the Chinese automaker as it strives to expand on the continent. The model scored zero on driver monitoring features and performed poorly in preventing undertaking at speeds over 90 kilometres per hour...
CME Group Introduces Spodumene Futures
CME Group Introduces Spodumene Futures
Nov 3, 2024
10:28 AM EDT, 10/29/2024 (MT Newswires) -- CME Group ( CME ) said Tuesday that it has introduced its new Spodumene CIF China (Fastmarkets) futures, and Freight Investor Services executed the first trade. On the first day, 29 contracts were traded. The futures are listed by and subject to the rules of COMEX, the company added. Separately, the company said...
Update: Ford Motor's UK Workers to Walk Out as Labor Negotiations Fail; Shares Down Pre-Bell
Update: Ford Motor's UK Workers to Walk Out as Labor Negotiations Fail; Shares Down Pre-Bell
Nov 3, 2024
09:46 AM EDT, 10/29/2024 (MT Newswires) -- (Updates with Ford comment in the fourth paragraph and price movement in the last paragraph.) Ford Motor ( F ) workers across the UK will strike starting Wednesday after labor negotiations broke down, British union Unite said Tuesday. Over 1,000 administrative staff will walk out for 24 hours, Unite said. The union cited...
Copyright 2023-2026 - www.financetom.com All Rights Reserved