Forbright, Inc.

Forbright, Inc.

Forbright, Inc. was founded in 2021 by Michael J. Alter, whose family built The Alter Group, a national commercial real estate development firm founded in 1955. The multi-family office was structured to manage the Alter family's wealth alongside select external families, offering investment management and strategic advisory. Steven M. Alter serves as President and CIO. The firm deploys capital across three main verticals: direct real estate investments (office, industrial, and multi-family assets), private credit (including mezzanine debt and bridge financing), and venture capital (primarily in real estate technology and proptech). Forbright targets both direct deal flow and co-investments alongside institutional partners. Geographically, the firm focuses on major US markets including New York and Chicago. Forbright's team size is not publicly disclosed. The firm operates from a single New York City office. In 2023, Forbright participated in a $150M credit facility for a multi-family development in Manhattan (per public record). The firm does not publicly disclose AUM; Altss estimates the figure between $500M and $1B based on the Alter family's known real estate holdings. Forbright's structural differentiator is its hybrid identity: it functions as both a multi-family office for its founding family and external families, and as an asset manager raising institutional co-investment vehicles. This allows it to source proprietary real estate and credit deals through the Alter family's existing developer network, while offering external investors access to those same opportunities.