Alleghany Properties LLC master developed over 1,050 acres in the North Natomas Community Plan area located within Sacramento, California under the master plan community names of Natomas Crossing and Park View. The Master Plan Community was developed into a wide variety of uses that included a corporate campus, a medical campus, general office space, advanced manufacturing, hotels, retail, single-family detached and attached residential properties, market-rate and mixed-income apartments, market-rate senior housing, an acute care facility, and child daycare. Alleghany was the master-plan land developer on this project for over 20 years and participated in portions of the project’s vertical development.
In addition to the North Natomas property holdings, Alleghany Properties LLC acquired and developed other real estate properties in California including industrial, office, apartment properties and retail in partnership with other developers along with acquiring limited partnership interests in affordable housing projects. Alleghany Properties acted in an advisory capacity to two insurance companies to co-invest $850 Million of commercial property loans from every real estate asset class which was geographically diversified nationaly in core markets. Early distressed portfolio acquisitions by the company included the active management of the following: entitlement of land for development, and repositioning of office buildings, industrial, retail, apartments, and hotels. The company’s success over the past 29 years has been driven by being nimble to quickly adjust to changing market conditions that allowed it to be prepared to take advantage of opportunities.