Opterra Capital
Who we are
Opterra Capital is real estate investment sponsor and operating partner, capital markets advisor, and asset manager with significant experience in all sectors of commercial real estate. Founded by Glenn Alba, a former Managing Director at Blackstone with over 23 years experience in real estate, Opterra Capital seeks to leverage this expertise towards value-add acquisition and proactive investment management to deliver attractive, risk-adjusted returns.
Investment Strategies
Opterra’s core investment strategies focus on both value-add (opportunistic) and stabilized, income-oriented assets in the hospitality, office and multi-family sectors. Our approach seeks to capitalize on mid-market opportunities in the $25 -150 million range in the United States, Canada, and the Carribbean. Our investment strategy is strongly influenced by our deep asset management experience to identify the proper capital repositioning, cost reduction and operating leverage opportunities inherent in each asset to maximize returns to investors.
Focus on Asset Management
In addition to investing, Opterra performs prescriptive asset management and real estate consulting services for large owners of real estate including private equity, life insurers, lenders, and private family offices. Our approach to asset management involves essential attention to detail with a foundation of critical thinking like an owner – measuring risk and return specifically to each asset and situation. With extensive experience and broad network of relationships in the industry, we focus on creating and achieving a strategic vision for third-party owners.
Team
Glenn Alba, Founder and President
Glenn founded Opterra Capital in 2017 and has over 23 years of experience in all property types of commercial real estate in the United States, Canada, the Carribbean as well as Western Europe having spent five years living abroad. Prior to Opterra, Glenn spent 20 years at Blackstone Real Estate, one of the largest buyers, sellers and managers of commercial real estate in the world with Assets Under Management of $111.3 billion[1]. He has significant experience in financing, asset management, valuation, and dispositions of real estate, having personally handled over $4 billion of hotel asset sales. Most recently, Glenn was Head of Global Portfolio Management and led the Asset Management of Blackstone Real Estate hotel investments in the US (ex. public and large platform deals).
[1] Assets Under Management definition and amount per BX Q3 2017 10Q Filing
Previous Experience
- Global Valuation Process, Internal & External Reporting, Data Mining and Aggregation, and Portfolio Company Integration for one of the most significant portfolios of Real Estate assets globally;
- Led global team with offices in the US, Europe, Asia, and Latin America with direct reporting lines to head of Blackstone Real Estate and Chief Financial Officer of Blackstone;
- US, Canada, and Carribean Full Service Hotel portfolio representing TEV in excess of $5 billion (>50 hotels, >20,000 rooms, >27 states);
- US Select Service Hotel portfolio representing TEV in excess of $4 billion (>200 hotels, >20,000 rooms, >30 states);
- Co-managed the IPO of La Quinta Holdings, Inc. (NYSE: LQ) in April 2014 raising ~$750mm and simultaneous $2.35bn refinancing culminating a nearly year-long process of dual track sale and IPO: Board of Director position continuing today
- Former Board Member of privately held Motel 6 and involvement in Extended Stay America investment before IPO;
- Before joining Blackstone, Glenn worked at Deloitte & Touche New York serving real estate and hospitality clients
Glenn serves on the Board of Directors of CorePoint Lodging Inc. (NYSE:CPLG) and previously served on La Quinta Holdings, Inc. (NYSE: LQ). He is also active with Villanova University, serving on the President’s Advisory Council, the Advisory Board of the DiLella Center for Real Estate at the Villanova School of Business (“VSB”), and is a Business Fellow at VSB directing the Student Managed Real Estate Fund. Glenn is a member of the Hospitality Asset Managers Association (HAMA) and formerly served on Interstate Hotels and Resorts Owner Advisory Board and the Doubletree Hotels Owner Advisory Council.
Glenn is a native of Colorado and lives in Delray Beach, FL with his wife and their three children. He received his Bachelor of Science in Accountancy from Villanova University.