Development firm the Alter Group is using the equity capital pouring into commercial real estate to help it turn into a different kind of company as ownership passes to the next generation of the Alter family. “We are looking to diversify some of the family’s wealth out of real estate,” says Richard Gatto, executive vice president for Alter. The changes at the Alter Group go far beyond selling a few properties or offering incentive packages to staff willing to retire early. ...

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