In partnership with Park Madison Partners, we launched fundraising in the summer of 2021 and we had significant investor interest in our firm, our strategy, and in this burgeoning sub asset class of Industrial, said Leo Addimando, Founder and Managing Partner/CEO of Alterra. Jonhas completed projects working in a range of environments including industrial, manufacturing, hospital, lab expansions and corporate occupier. Alterra Homes for sale in Chino Hills, Ca. Number. Cochran, Bill. SAN FRANCISCO Autonomous truck software developer Embark Trucks, Inc. has announced a partnership with Alterra Property Group, a real estate investment company focused on industrial outdoor storage properties, to identify and launch transfer point sites across the U.S. Sunbelt. He grew Liberty to be one of the nations leading REITs with 112million square feet logistic portfolio across 24 US markets and the United Kingdom. The company grew to $524 million in revenue with over six million visitors across its resorts in 2013. Previously, Gavin worked at HFF in Philadelphia on the debt and equity placement team. Material Development, Formula Development, Working for two of the leading industrial logistics companies in the world has provided Jim with substantial experience and with key insights into the industrial space, which he brings to his current position at Alterra. At this time, Fortress had owned Intrawest for seven long years. Parker resides in downtown Chicago with his wife and two children. DIRECTOR - IOS DEVELOPMENTJon Cordingley in Finance from Georgetown University. Save my name, email, and website in this browser for the next time I comment. He is a board member and recent past President of the Building Industry Association (BIA) of Philadelphia, an Advisory Board member for the Port of Philadelphia, and a member of YPO. The 2007-2008 Financial Crisis: An Avalanche Smashes the Ski Industry. Holding positions in both Development and Construction, Liam successfully brought to market projects throughout the U.S. and Canada. Houssian negotiated a $3.7 million deal for 50 percent of Blackcomb Skiing Enterprises with an option to purchase the remaining 50 percent in five years for $5.8 million. There was an error trying to send your message. Alterra Property Group When they arent working, they enjoy traveling, snow and water sports, and backyard barbecues. Copyright 2023 Surperformance. atollpg So far, we havent felt like conditions are right to expand into a new market; weve been sort of waiting for a correction on that front.. in Finance from Villanova University, and a law degree from the Villanova School of Law. Parker resides in downtown Chicago with his wife and two children. We understand that we have a responsibility. Akesson, Alex. Accessed April 26, 2023. https://www.reuters.com/article/us-intrawestresorts-ipo-idUSBREA0U1EM20140131. Gillian joined Alterra Property Group (Alterra) in May 2022, where she directly works on and helps with the asset and portfolio management for Alterras Industrial Outdoor Storage platform. Alterra recently announced a $500 million program for 2023 specifically to enhance guest and employee experiences. November 12, 2013. Be among those in the know about everything Alterra. WebFind the latest Altria Group, Inc. (MO) stock quote, history, news and other vital information to help you with your stock trading and investing. Mr. Hankowsky currently serves on the boards of Citizens Financial Group Inc. (NYSE: CFG), the Greater Philadelphia Chamber of Commerce, Delaware River Waterfront Corporation, Philadelphia Convention and Visitors Bureau, Philadelphia Shipyard Development Corporation, Pennsylvania Academy of Fine Arts. He and his Partners are responsible for forming and implementing investment strategies across the company. 2, (Spring 2015): 5970. Ultimately, on August 11, 2006, Intrawest accepted an offer from Fortress Investment Group for $2.8 billion at $35 per share to become an independent, privately held company. Email. Alterra Property Group, LLC (Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. We need you to be ok with our use of information like your general location or reading habits to personalize your experience, so we can suggest the right stories to read or events for you to attend. Accessed April 17, 2023. https://www.bamsec.com/filing/114036116084750?cik=1587755. Liam lives in Philadelphia with his Wife and two Mutts. All Rights Reserved. Launching our first fully discretionary fund further adds to our competitive advantage on certainty of execution and national scale that are central to our long-term investment strategy, said Matthew Pfeiffer, Managing Partner/CIO of Alterra. Alterra Property Group developed one of the largest multifamily buildings in the U.S. in West Philly, selling it for $88M earlier this year. Every major city in the country needs IOS real estate to support its infrastructure, logistics, and transportation industries. Jeffs responsibilities at Alterra include managing all aspects of legal, finance, risk-management and operational matters for the company, as well as collaborating with his Partners on the firms investment decisions. The Roanoke Times commented in 1995 that Intrawest has averaged 25 percent annual growth in skier visits. Gavin graduated from the University of Delaware where he majored in Finance and currently lives in Center City Philadelphia. Mark was born and raised in the Philadelphia area and currently resides in South Jersey with his wife and three children. Alterra Property Group We need you to know that security is our top priority and that we hold any information we have about you under lock and key. But Alterra's multifamily business didn't just tread water. Leo has an MBA from the Harvard Business School (HBS) and a B.A. Matt oversees all investment and asset management activity for Alterra. Electrical and Electronics, Industrial The IOS market is a $200BN market that is highly fragmented with limited institutional ownership. From evaluation to execution to management, Alterras competent team of industry experts guide the process quickly and efficiently. Alterras real estate platform is strategically focused on our two core competencies ofresidential/mixed-usedevelopment (APG Living), andindustrial outdoor storage (IOS). Jeff began his career as a consultant within Deloitte Consultings Strategy and Operations practice, focusing on organizational growth strategy and opportunities with large, global clients. Matt and his wife have two children and reside outside of Philadelphia. Prior to joining Alterra, Rory was the Corporate and Fund Accountant for Rubenstein Partners L.P. working on the corporate entities and funds. SVP- IndustrialCharlie TottenCharlie focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. Alterras real estate platform is strategically focused on our two core competencies of residential/mixed-use development ( APG Living ), and industrial outdoor storage ( IOS ). The company purchased Sandestin Resorts in Florida for $130 million in 1998. Greg Hicks's Phone Number and Email Mattfocuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outside Storage platform. Total Available Area: Entire site 11.5 acres, Total Available Area: 27,496 SF 6.6 acres, Total Available Area: 23,186 SF 4.75 acres, Total Available Area: 31,000 SF 6.2 acres, Total Available Area: 7,442 SF +/-3.86 acres, Total Available Area: 2,500 SF & 12,00SF Shop 4.9 acres, Total Available Area: Currently under construction, Total Available Area: 7,442 SF of office 19,750 SF shop building +/- 14 acres, Total Available Area: 19,280 SF 5.4 acres, Total Available Area: 37,900 SF 5.45 Acres, Total Available Area: 7.62 acres 177 trailer spaces, 7101 BRYHAWKE CIRCLE NORTH CHARLESTON, SC 29418, Total Available Area: FL 14,901 SF +/-3.87 acres, Total Available Area: 35,000 SF building 15.35 acres, Total Available Area: +/- 10,000 SF 12.3 Acres, Total Available Area: +/- 10,500 SF +/- 5.16 acres, Total Available Area: 2.5 miles to Interstate 40 7 miles to Nashville International Airport, Total Available Area: 37,900 SF 5.45 acres, Total Available Area: 19,500 SF 25 acres 177 trailer spaces, Total Available Area: 10,350 SF building 2.5 acres, Prefer dense infill industrial clusters surrounded by similar IOS users, Senior Advisor - Industrial Outdoor Storage, Associate - Acquisitions & Asset Management. Following the transaction announcement, Intrawests CEO Thomas Marano commented, Our new partners bring additional financial resources and a shared passion for the mountains and our communities. KSLs CEO Eric Resnick added: Each resort has its own unique story and its own unique sense of place. This community is located in the southern section of Chino Hills, off the Soquel Canyon Road exit of the 71 Freeway. Accessed April 18, 2023. https://www.alterramtnco.com/news/alterra-mountain-company-plans-to-invest-nearly-half-a-billion-dollars-in-transformational-changes-in-the-year-ahead. He has 9 years of experience in the real estate industry. VP - Asset ManagementJeff Schaeffer See reviews, salaries & interviews from Alterra Home Loans employees in Chino, CA. We will email you a link to reset your password. Tom holds a Bachelors Degree in Accounting from West Chester University and is a Certified Public Accountant for the Commonwealth of Pennsylvania. Since 2005, Alterra has executed hundreds of real estate transactions across 30+ states, including the acquisition of over 100 industrial outdoor storage properties over the past 5+ years. Those diverse transactions have often entailed complex and sophisticated structures, including historic tax credits and joint ventures with some of the countrys most well-known institutional investors. "Once you learn that you are dealing with people that always find a way to get it done and do it the right way, I think you can rely on them to expand into more regions or areas of expertise," Bardonaro said. Improvements, facilities and programs are in formative stages. Pirate Capital Hedge Fund Boosts Stake in Intrawest. HedgeCo.Net. He holds a B.S. Previously, she worked in leasing and property management at PMC Property Group. The prices, plans, amenities, availability, and improvements shown are subject to change without notice. Alterra Property Group Associate - Asset ManagementGillian ZhaoGillian joined Alterra Property Group (Alterra) in May 2022, where she directly works on and helps with the asset and portfolio management for Alterras Industrial Outdoor Storage platform. Parker has 12 years of experience in the real estate industry leading strategic business development across several asset classes. Alterra Property Group LLC, of Philadelphia, has reached the final close of its Alterra IOS Venture II LP. Prior to joining Alterra, Chelsea was a Lease Management Analyst within the accounting department at Gopuff, a Philadelphia based startup. The North American average is 1 percent. The company positioned itself as an operator, not just an owner or investor. Alterra Property Group We're not asking for your money. KSL is a global private equity firm specializing in travel and leisure businesses, such as Village Urban Resorts and the Outrigger Hotels, with $8.5 billion in assets under management. Prior to joining Alterra, Jim served as lead transactional counsel for the East Region at Prologis (PLD) where he oversaw over $1B in acquisitions, dispositions and development projects annually. In addition, he is responsible for raising and structuring equity and debt for Alterras ongoing business initiatives. Mark has a Bachelors degree from the University of Pennsylvania and currently resides outside of Philadelphia with his wife and son. Lipton, Martin, Wachtell, Lipton, and Rosen & Katz. Alterra is vertically integrated and controls the entire value creation process from acquisition to disposition, with expertise in structuring complex transactions and in-house project design, construction oversight, leasing and management. As the controller, Tom is responsible for the management and oversight of the financial reporting and accounting functions of the company, as well as financial deliverables that are due to Alterras investment partners. The company is comprised of a highly qualified team of professionals that handle all Since its formation in 2006, Park Madison has advised on over $20 billion in private capital placements for a wide range of real estate vehicles including closed-end funds, open-end funds, separate accounts, programmatic joint ventures, and recapitalizations. Matt has an MBA from the Wharton School of the University of Pennsylvania and a B.S. Tom currently resides in New Jersey with his wife and three children. Before working at Orbitz, Leo worked as an Associate for the Boston Consulting Group. Addimando remains deeply involved in the company's strategy in the sector, and he served as president of the Building Industry Association's Philadelphia chapter last year. Alterra Capital Holdings Ltd : Alterra Capital Reports Fourth Quarter and Year End 2012 Re.. Alterra Capital Holdings Ltd : Alterra Capital Announces $0.16 Dividend, Alterra Capital Holdings Ltd : Markel Reports 2012 Financial Results, Alterra Capital Holdings Ltd : Alterra Capital to Release Fourth Quarter 2012 Earnings. Matt is actively involved with Whartons Zell Lurie Real Estate Center and is a member of the board for Georgetowns Steers Center for Global Real Estate. Alterra Property Group Alterra-JPMorgan venture bulks up on $300M property play Park Madison Partners, LLC is a New York-based capital markets and advisory firm for global real estate alternative investments. Fortress missed a $524 million interest payment on the companys debt in early 2010. Prior to joining Alterra, Lauren worked at StoneMor, Inc., which she joined in 2017. Co-owner and developer, bringing Canada's first Ace Hotel to the city. He led all leasing, asset management and development for both the industrial and office portfolio. Accessibility Statement. Jim has over 20 years of experience leading acquisitions, dispositions, and development projects in a variety of asset classes, with a focus on industrial and logistics facilities. WebAlterra Property Group Real Estate Philadelphia, Pennsylvania 2,929 followers Real Estate Investment, Development, and Management. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. Formerly at Fischer & Company, he spent his time leading the IOS brokerage team which represented several Fortune 500 companies in achieving their national and global strategic real estate portfolio needs. Jonearned a Master and Bachelor of Architecture from Texas Tech University, as well as a Master of Real Estate from Georgetown University. Rory is a graduate from Temple University with a Bachelors Degree in Accounting. For example, within the first season of owning Stratton, four high-speed chairlifts were installed, improving the skier experience. Designed by Juggernaut Work. Real Estate Investment, Development and Management. Leah is a graduate of Temple University with a Bachelors degree in Communications. towards a paywall. On the public side, Tom gained extensive real estate accounting and auditing experience while working for the operations and development teams of a global real estate investment trust and as an assurance auditor for PricewaterhouseCoopers (PwC) in their asset management practice (Funds and Real Estate). 416.964.1800 Management continued to expand rapidly by purchasing assets in West Virginia with Silver Creek and Snowshoe for $40 million in 1995. He also holds a LEED AP designation under the USGBC. As institutional investors seek more diversification within their real estate portfolios, Alterra has clearly positioned itself as a leader within the IOS space. Additionally, she is a Notary Public and a licensed Real Estate Salesperson. Automotive, Household Appliances, Constructions, Intrawest Foreclosure a Threat to Olympics. New York Post. ET:A previous version of this article misstated the nature of its first deal with Maxim, what year Alterra acquired Maxim's portfolio of industrial outdoor storage properties and the total value of its most recent fund. He has 9 years of experience in the real estate industry. Previously, she worked in leasing and property management at PMC Property Group. Jonhas completed projects working in a range of environments including industrial, manufacturing, hospital, lab expansions and corporate occupier. The fund was heavily oversubscribed, closing at $524 million of total commitments, versus the original fundraising goal of $400 million. Mattcurrently resides in La Jolla, CA with his wife, daughter and son. Municipalities arent creating more outdoor storage, but every MSA needs it for its supply chain infrastructure.. These new transfer points will increase the reach of Intrawest Company Profile, 2023. Gillian earned her bachelors degree in Architecture from Tsinghua University. Prior to joining Alterra, Matt focused on acquisitions on the East Coast for CenterSquare, a real estate private equity firm located in Philadelphia. Leo is married to Brigitte Castaing Addimando (HBS 05), has three children (Nico, Marcus, Sophie) and in his spare time enjoys spending time with family, exercise, golf, attending live sporting events (youth and professional), and travel. He received a Bachelor of Arts degree in economics from Brown University. Other common Alterra Property Group LLC email patterns are [first] (ex. Chelsea joined Alterra in April 2023 as a Lease Administrator within the IOS team. Copyright 2023 Bisnow. Jeff began his career as a consultant within Deloitte Consultings Strategy and Operations practice, focusing on organizational growth strategy and opportunities with large, global clients. Kosman, Josh. Last modified March 21, 2023. An activist hedge fund looks to take an active position in their investment by working closely with management to extract value.
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