Altegris/AACA Opportunistic Real Estate Fund
RAAAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Real Estate
- Industry
- Real Estate - General
- Address
- 225 Pictoria Drive Cincinnati OH United States of America 45246
- IPO Date
- Jan 10, 2014
- CIK
- 0001314414
- Similar Companies
- Business
- Altegris/AACA Opportunistic Real Estate Fund (RAAAX) is a mutual fund that seeks total return through long-term capital appreciation and current income by investing primarily, both long and short, in equity securities of real estate investment trusts (REITs), real estate operating companies (REOCs), and other real estate-related companies; the fund employs a hedged, long-biased strategy targeting opportunistically undervalued assets with superior growth prospects, lower leverage, and attractive valuations relative to benchmarks such as the Dow Jones U.S. Real Estate Total Return Index; key investment themes include infrastructure (e.g., energy, rail, ports), data centers, industrial properties, gaming resorts, communications networks, and specialized sectors like cannabis facilities, with active trading, derivatives, options, and short-selling to enhance returns and manage risk. The fund offers Class A (RAAAX), Class C (RAACX), and Class I (RAAIX) shares through Northern Lights Fund Trust IV, distributed by Northern Lights Distributors, LLC, with Altegris Advisors, LLC serving as investment adviser and American Assets Capital Advisors (AACA) as sub-adviser; it operates non-diversified with total net assets of approximately $117 million as of December 31, 2024, targeting investors seeking real estate exposure with potential inflation hedging and income generation; geographic focus centers on U.S. securities, including domestic REITs and REOCs, alongside select international opportunities in emerging trends like UAE gaming expansions. Launched with a predecessor fund (American Assets Real Estate Securities, L.P.) in February 2011 under AACA management, the fund reorganized into its current structure in January 2014 and is headquartered in operations aligned with Altegris Advisors in La Jolla, California. In a major strategic shift announced November 2025, LDR Capital Management completed the merger of the Altegris/AACA Opportunistic Real Estate Fund into its LDR Real Estate Value Opportunity Fund, enhancing assets under management, reducing expenses, improving tax efficiencies, and positioning the combined entity for growth in REIT and real estate securities advisory amid evolving market dynamics.