Case Study

Alpine Income Property Trust sees risk adjusted return of 20%

During the COVID-19 pandemic, Alpine Income Property Trust was actively looking for investment opportunities and came across a big box retail property for sale. The property lacked sales and performance data, leading to hesitations about its value. Using Placer, Alpine Income Property Trust realized the asset was undervalued and mispriced. Despite the uncertainty in market conditions, the store quickly recovered after COVID and had a high footfall, making it the top store in Arizona. Alpine decided to bid aggressively and successfully acquired the property. Subsequently, they sold it with a risk adjusted return (RAR) of over 20%!

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Alpine Income Property Trust sees risk adjusted return of 20%

#1

Ranked store in the state for that retail chain

6.5

Cap rate sold in a rising market

20%+

Risk Adjusted Return

The Challenge

Alpine Income Property Trust pursued new investment opportunities during COVID market uncertainty, including a big box retail triple net property with no sales or performance data provided. How could they identify the value of the deal without sales numbers?

The Outcome

Using Placer, Alpine Income Property Trust discovered the store had strong chain rankings both locally and nationally. The data allowed them to bid aggressively and win, later selling the property for a risk adjusted return (RAR) of >20%.

Placer is an important evaluation tool for us. Their data bridges the gap between anecdotal and objective data, making it almost impossible to be competitive without it.

Investment Team at Alpine Income Property Trust

Alpine Income Property Trust

Alpine Income Property Trust sees risk adjusted return of 20%

#1

6.5

20%+

The Challenge

The Outcome

Alpine Income Property Trust sees risk adjusted return of 20%

Key Takeaways