Why We Focus on Texas & Mountain West Multifamily

Alta strategically focuses on multifamily properties in Texas and the Mountain West — Texas, Utah, and Arizona. Here's why.

Population Growth

Texas and Mountain West states are experiencing the fastest population growth in the country. People are migrating from high-cost, high-tax states for lower cost of living, favorable tax environments, and quality of life. This creates sustained demand for housing.

Job Growth

Major employers continue expanding in these markets. Technology companies, healthcare systems, financial services, and manufacturing are all adding jobs. Strong employment drives housing demand and supports rent growth.

Favorable Business Environment

Texas and Mountain West states generally offer lower taxes, less regulation, and pro-business policies. This attracts employers, which attracts workers, which drives housing demand. It's a self-reinforcing cycle.

Housing Affordability

Despite strong growth, these markets remain more affordable than coastal cities. This means there's room for rents to grow while remaining affordable for tenants — a healthy dynamic for multifamily investors.

Limited Housing Supply

Many of our target markets face a structural housing shortage. Zoning restrictions, construction costs, and permitting timelines limit new supply, supporting occupancy rates and rent growth for existing properties.

Multifamily Specifically

We focus on multifamily (apartments) because:

**Essential asset class** — everyone needs a place to live

**Recession resilience** — people downsize from houses to apartments in downturns

**Multiple revenue streams** — rent, laundry, parking, pet fees, storage

**Operational scale** — 100+ units allow for professional on-site management

**Financing availability** — government-sponsored enterprises (Fannie Mae, Freddie Mac) provide favorable debt terms

Our Target Markets

|--------|------------------|------------|----------------|