Alpine Investment Group

What Alpine Investment Group does

Alpine Investment Group LLC is a privately-held boutique commercial real estate investment firm founded in 2009 by Michael Page and headquartered in Ketchum, Idaho. The firm operates a vertically integrated sponsor model spanning acquisitions, development, syndication, deal structuring, capital raising, construction management, asset management, and property management and leasing. It targets accredited investors, family offices, and institutional funds across the inter-mountain west region of the United States (Idaho, Oregon, Utah, and Colorado), with partners typically co-investing 10-20% alongside clients in each venture to align interests.

The portfolio comprises more than $100 million in managed assets across 35+ projects and multiple property types, including grocery-anchored retail (Hood River Center, Shops at Milwaukee), specialty retail, medical office (703 Americana leased to St. Luke's), student housing (The Osprey at Boise State University developed with Gardner Company), self-storage condominium developments (the Falcon Storage line in Utah and Idaho), industrial, and apartments. Revenue is generated through a mix of syndication fees, ongoing asset management fees, property management and leasing fees, construction management fees, and deal structuring/transaction fees; pricing is not publicly disclosed and is bespoke per offering.

The go-to-market motion is sales-led and relationship-based: the firm relies on direct outreach to high-net-worth individuals and institutions rather than broad digital marketing, and the channel mix is dominated by the alpineig.com website, direct syndication, and referral. There are no external institutional investors, private equity backers, or parent-subsidiary relationships disclosed; ownership is concentrated among the founding partners (Page, St. George, and founding member Monica Carlson) with a 15-person operating team.

Name

Alpine Investment Group

Legal name

Alpine Investment Group LLC

Website

https://www.alpineig.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Alpine Investment Group is a privately-held, vertically integrated boutique commercial real estate sponsor founded in 2009, syndicating acquisitions and developments across the inter-mountain west to accredited investors, family offices, and institutional funds.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment

NAICS

Portfolio Management and Investment Advice (523940), Offices of Real Estate Agents and Brokers (53121)

SIC

Investment Advice (6282), Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA)

Keywords

• Commercial real estate investment
• Real estate syndication
• Asset management services
• Property management leasing
• Real estate acquisitions development

Headquarters

HQ city

Ketchum

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Supply Chain, Others

Revenue model

1. Syndication Fees: Alpine provides accredited investors, family offices, and institutional funds with opportunities to acquire interests in commercial real estate. As the sponsor, Alpine or its affiliates typically purchase between ten to twenty percent of each offering.
2. Asset Management: Ongoing asset management fees for overseeing portfolio properties, including decisions on refinancing, tenant mix, capital projects, and disposition.
3. Property Management & Leasing: Hands-on property management and leasing services for the portfolio, using a combination of in-house and third-party leasing.
4. Construction Management: Construction management services throughout the project lifecycle, working with architects, engineers, and general contractors.
5. Deal Structuring: Capital raising, deal structuring, and acquisition services for commercial real estate transactions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Alpine Investment Group is a privately held boutique commercial real estate investment firm that sources, syndicates, acquires, develops, and manages commercial real estate on behalf of accredited investors, family offices, and institutional funds in the inter-mountain west. The firm provides a vertically integrated service stack — acquisitions, deal structuring with preferred returns, development leadership, construction management, asset management, and property management/leasing — with partners typically co-investing 10–20% alongside clients in each venture.

Product overview

Alpine Investment Group is a privately-held boutique investment firm offering a vertically integrated suite of commercial real estate investment services. The company provides Syndication Services (offering accredited investors opportunities to acquire interests in commercial real estate), Deal Structuring (with proven structures providing preferred returns), Asset Management (portfolio oversight), Capital Acquisition (has acquired over $100M in assets), Construction Management, and Property Management & Leasing. Their core strategies include Acquisitions (constructing diversified portfolios with high-yield commercial real estate across the inter-mountain west) and Development (managing the full development cycle from site selection to exit). The firm manages a portfolio of retail, office, industrial, storage, residential, and specialty properties across Idaho, Oregon, Utah, and Colorado.

Differentiator

Problem solved

Functional benefit

Products and services

• Syndication Services Provides accredited investors, family offices, and institutional funds with opportunities to acquire interests in commercial real estate. Investments are structured to provide attractive current returns while growing capital through multiple market cycles, with partners typically co-investing 10–20% alongside clients.
• Deal Structuring Applies a proven structure that reliably provides a stated preferred return to investors while allowing management participation. Has successfully restructured inherited deals to facilitate capital injections.
• Asset Management Takes a broad and long view in assessing management decisions including refinancing, tenant mix, capital projects, and disposition. Market conditions, investor appetite, and capital environment are considered at every juncture.
• Acquisitions Assists with constructing diversified portfolios with high-yield commercial real estate assets. Operates across the inter-mountain west of the United States, handling evaluation, acquisition, and management of properties ranging from large-scale retail projects to single-family residential.
• Development Provides leadership through the entire development cycle from site selection to exit strategy. Past projects range from restaurants and retail to industrial and storage facilities.
• Construction Management Engages with architects, engineers, and general contractors from project inception to ensure all aspects are executed efficiently and effectively, monitoring resources, time, and budget to meet project goals.
• Property Management and Leasing Provides professional, hands-on management to ensure strength of investment throughout ownership. Uses a combination of in-house and third-party leasing to protect owner interests and long-term project success.

Quantifiable outcome

• Over $100 million in managed assets
• +4 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Gardner CompanycoreStrategic or Co-development Partner · 1 January 2018Partnership with Gardner Company for The Osprey - BSU Housing development project. Alpine acquired the land and is in partnership with Gardner Company for this 278-bed student housing project leased to Boise State University. This is a significant development partnership in the Boise, Idaho market.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Marcus & Millichap: Large U.S. commercial real estate investment brokerage and capital markets firm with a multi-office footprint and dedicated institutional capital advisory for CRE owners and investors — broad comparable on the syndication/capital-raising side of Alpine's stack.
• Colliers International: Global CRE services firm offering investment sales, property management, and capital markets advisory that overlap directly with Alpine's offerings — directly comparable, and notably Alpine team members previously worked at the Colliers Boise office.
• Newmark Group: Global commercial real estate services and capital markets firm offering investment sales, debt placement, and asset management services that overlap with Alpine's syndication, deal structuring, and asset management capabilities at significantly greater scale.
• JLL Capital Markets: Global CRE capital markets and investment sales platform with debt/equity placement, asset management, and property management services — directly comparable capabilities to Alpine's syndication, asset management, and property management stack at enormous scale.
• Cushman & Wakefield: Global CRE services firm with capital markets, property management, valuation, and advisory offerings that parallel Alpine's service mix — notably, Alpine property-management hires came from Cushman & Wakefield, evidencing functional overlap.
• CBRE Investment Management: Global CRE investment management arm of CBRE Group, offering core/value-add strategies across retail, industrial, office and specialty — the largest-scale analog to Alpine's vertically integrated CRE investment platform across asset types.

Direct peers

• Crow Holdings Capital: Private, vertically integrated U.S. commercial real estate investment manager operating a multi-product, multi-cycle strategy with co-investment alongside LPs — closely mirroring Alpine's model but at significantly larger AUM. Comparable in the sponsor-co-invest and preferred-return structure.
• Greystone: U.S. commercial real estate finance and investment platform with a vertically integrated lending, equity, and asset management stack serving CRE operators and investors — a clear comparable to Alpine's full-stack sponsor model.
• Gardner Company: Boise-based commercial real estate developer and investor that is Alpine's documented co-development partner on The Osprey BSU Housing project. Operates in the same inter-mountain west geography with overlapping tenant/asset class exposure (retail, office, student housing) and similar boutique scale.
• Walker & Dunlop: U.S. commercial real estate finance, investment sales, and asset management platform serving mid-market CRE operators and investors — comparable multi-product, vertically integrated structure tailored to mid-sized deals similar to Alpine's transaction profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/alpinepropertyservices
• LinkedInlinkedin.com/company/alpine-investment-group-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Alpine Investment Group