REALLOYS INC.

REALLOYS INC.

Jeffrey Petersen and Michael Salamon established RealAlloys Inc. in Chicago during the early 1990s, beginning as a secondary aluminum recycling business before transitioning into industrial real estate. The firm acquired its first furnace and smelting facility in the mid-1990s and gradually shifted from metals operations to owning the underlying real estate, leasing back production space to the operators who replaced them. This owner-operator legacy shapes how the firm underwrites its properties. RealAlloys concentrates on heavy-industrial real estate across the US Midwest, specifically buildings that house metal recycling, forging, casting, and extrusion tenants. The firm owns and manages multi-tenant industrial parks in Illinois, Indiana, and Ohio. Its holdings include former aluminum smelting plants converted into shared production campuses, with confirmed locations in the Calumet industrial corridor south of Chicago and near Toledo. The firm structures each site as a long-term net lease, with tenants responsible for maintenance, taxes, and insurance, a model that attracts metal fabricators and secondary smelters who need permitted operational space without capital-intensive build-outs (per public record). The firm operates with a lean internal team, relying on third-party property managers for day-to-day operations at each site. Total portfolio size is not publicly disclosed, though Cook County property records confirm ownership stakes in multiple parcels zoned for heavy manufacturing. RealAlloys maintains no adjacent philanthropic or venture vehicles. The operation remains tightly focused on cashflow from industrial net-lease assets, with no disclosed fund commitments or co-investment platforms. RealAlloys occupies an unusual position as a former metal recycler turned landlord to the very industry it exited. This operational history gives it a sourcing advantage when off-market industrial sites become available from distressed or retiring metals operators across the Rust Belt. The firm's capital likely comes entirely from its two founding principals, making it a closely held partnership with permanent capital and no external limited partners — a structure that allows it to hold properties through commodity cycles without redemption pressure.