Key Takeaways
- • LDR Capital Management completed the merger of the Altegris/AACA Opportunistic Real Estate Fund into the LDR Real Estate Value Opportunity Fund, announced November 19, 2025.
- • Financial terms of the merger between the two privately-held funds were not disclosed.
- • The firm cites increased assets under management, lower fund expenses, and significant tax efficiencies as the primary benefits to shareholders.
- • Colchester Partners LLC advised LDR Capital as financial advisor, and Practus LLP served as legal counsel.
- • The transaction is LDR Capital's second merger in four years, according to founder and CIO Lawrence D. Raiman.
Summary
LDR Capital Management, a New York- and Naples, Florida-based investment advisory firm specializing in REIT and real estate-related securities, announced the successful completion of the merger of the Altegris/AACA Opportunistic Real Estate Fund into the LDR Real Estate Value Opportunity Fund. The announcement was made on November 19, 2025. Financial terms of the transaction were not disclosed.
Since its inception in 2014, the Altegris/AACA Opportunistic Real Estate Fund pursued a hedged, long-biased strategy focused on total return, income generation, and inflation protection, providing diversified real estate exposure to its investors.
Lawrence D. Raiman, Managing Principal and Chief Investment Officer of LDR Capital Management, said the combination creates opportunities for shareholders through increased assets under management, lower fund expenses, and significant tax efficiencies. He said these factors position the fund for future growth and attractive potential total returns, referring investors to the prospectus for details. Raiman described the deal as the firm's second transaction in the past four years, which he said reflects its expanded leadership position among investment advisories focused on REIT and real estate-related securities.
Colchester Partners LLC served as financial advisor and Practus LLP as legal counsel to LDR Capital on the transaction. Publisher materials indicate the Altegris/AACA fund's board approved the reorganization on May 20, 2025, with the Target Fund being reorganized into the LDR Real Estate Value-Opportunity Fund, a series of World Funds Trust.
LDR Capital, founded in October 2011 by Raiman, seeks attractive risk-adjusted returns in publicly listed REIT and real estate-related securities.
Since its inception in 2014, the Altegris/AACA Opportunistic Real Estate Fund pursued a hedged, long-biased strategy focused on total return, income generation, and inflation protection, providing diversified real estate exposure to its investors.
Lawrence D. Raiman, Managing Principal and Chief Investment Officer of LDR Capital Management, said the combination creates opportunities for shareholders through increased assets under management, lower fund expenses, and significant tax efficiencies. He said these factors position the fund for future growth and attractive potential total returns, referring investors to the prospectus for details. Raiman described the deal as the firm's second transaction in the past four years, which he said reflects its expanded leadership position among investment advisories focused on REIT and real estate-related securities.
Colchester Partners LLC served as financial advisor and Practus LLP as legal counsel to LDR Capital on the transaction. Publisher materials indicate the Altegris/AACA fund's board approved the reorganization on May 20, 2025, with the Target Fund being reorganized into the LDR Real Estate Value-Opportunity Fund, a series of World Funds Trust.
LDR Capital, founded in October 2011 by Raiman, seeks attractive risk-adjusted returns in publicly listed REIT and real estate-related securities.
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