Tom holds a Bachelors Degree in Accounting from West Chester University and is a Certified Public Accountant for the Commonwealth of Pennsylvania. Alterra Property Group, LLC (Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. Leah is a graduate of Temple University with a Bachelors degree in Communications. Alterra Property Group | LinkedIn in Finance with a concentration in Real Estate from the Pennsylvania State University. When they arent working, they enjoy traveling, snow and water sports, and backyard barbecues. Accessed April 17, 2023. https://www.perenews.com/fortress-buys-intrawest-for-2-8bn/. Alterra Property Group Connect to CRM Summary People Technology Signals & News Similar Companies Highlights Active Tech Count 45 Monthly Visits 22,198 Monthly Visits Growth 277.84% About Alterra Property Group is actively using 45 technologies for its website, according to BuiltWith. Jim Freeman serves as Deputy General Counsel of Alterra Property Group, LLC. PHILADELPHIA and NEW YORK, March 18, 2022 (GLOBE NEWSWIRE) -- Philadelphia-based Alterra Property Group, LLC (Alterra) and New York-based Park Madison Partners today announced the final close of Alterra IOS Venture II, LP (Venture II). Deputy General CounselJim Freeman, Esq. Travel Weekly, January 21, 2008. Be among those in the know about everything Alterra. He began his career in real estate at Blackstone (2007-2012). Prior to joining Alterra, Lauren worked at StoneMor, Inc., which she joined in 2017. Real Estate Investment, Development and Management. She remained at Liberty until February 2020 when it was acquired by Prologis. For example, within the first season of owning Stratton, four high-speed chairlifts were installed, improving the skier experience. [last] (ex. Maximizing Value in the Real Estate Private Equity Space: Expansion, Competition, and Alliance. The Journal of Private Equity, vol. Prior to joining Alterra, Liam was with Turner Construction in the Philadelphia Business unit, gaining experience in the field and developing project management experience. 920 Yonge Street, Suite 1000 He holds a B.S. Fortress missed a $524 million interest payment on the companys debt in early 2010. Prior joining Alterra, Gillian served as an Asset Management Associate for Rubenstein Partners L.P. focusing on budgeting, financing, performance projections, and cash management for over $3B AUM. Carolyns legal/real estate career began at law firms in Kalamazoo, MI (Legal Secretary) and then Atlanta, GA (Paralegal). You are subscribed to the Bisnow Philadelphia Newsletter. These new transfer points will increase the reach of Canada went through a recession in the early-1980s from rising inflation, thus creating a bad economy for foreign investors to enter and compete against Intrawest. No company is too large, too new, or too successful. For Intrawest, management was metaphorically infected by the 18% stake Thomas Hudson Jr. and his activist hedge fund Pirate Capital owned in 2006. 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. Only a handful of Alterra employees have duties across both verticals, while around 50 focus exclusively on multifamily and 15 or so do the same with industrial outdoor storage. Accessed April 16, 2023. https://scholar.uwindsor.ca/humankineticspub/40. WebAlterra Property Group Real Estate Investment, Development and Management Who We Are Alterra Property Group, LLC (Alterra) is an established real estate investment, Co-Founding Partner & General CounselJeff PustizziJeff is a Partner, General Counsel and Co-Founder of Alterra Property Group. and striving to provide real estate solutions to tenants. Alterra Wynwood Alterra Capital Holdings Ltd : Markel Reports 2012 Financial Results. Venture II was oversubscribed, closing $524MM of total commitments, exceeding the original fundraising goal of $400MM. 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. Liam works as Senior Development Manager focusing on Mixed Use and Industrial projects. Pirate Capital Hedge Fund Boosts Stake in Intrawest. HedgeCo.Net. Jonearned a Master and Bachelor of Architecture from Texas Tech University, as well as a Master of Real Estate from Georgetown University. Chief Financial OfficerThomas Baker, CPA Some scholars suggest that the ski industry is recession-proof due to its affluent customer base. Alterra-JPMorgan venture bulks up on $300M property play Our dedicated, in-house team of acquisition, development, construction, leasing, and asset management professionals provide tenants the resources to grow and improve their businesses through site selection, development, and/or sale-leaseback transactions. We need you to be cool with us holding onto your email address (if we already have it) and for us to email you about commercial real estate news and events. We want to take 15 seconds to tell you what's going on: Sound good? VP - IndustrialParker PearsonParker focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. Altera Corp. (NASD: ALTR) presently has an above average rank, in [] Altera reports its third-quarter earnings on Thursday, October 23, 2014, and the consensus earnings per share estimate is 37 cents per share.The consensus estimate remains unchanged over the past month, but it has decreased from three months ago when it was 39 cents. Illustrations are artists depictions only, are not neccessarily to scale and may differ from completed improvements, and scenes may include locations or activities not on or near the property. The catalyst for Alterra's expansion was when Addimando's friend Frank Bardonaro calledon behalf of his company, Maxim Crane Works. The company raised $188 million through the IPO at a valuation of $540 million, down sharply from the $1.8 billion in Fortress 2007 purchase. Prior to joining Alterra, Jeff was Vice President of Asset Management at Independence Realty Trust (NYSE: IRT), a role focused on leading strategic organizational initiatives in addition to the asset management of a diverse real estate portfolio. Prior to Alterra, Tom worked for several private real estate equity firms in the Philadelphia area within multiple real estate asset classes. Alterra Mountain Company Plans to Invest Nearly Half a Billion Dollars in Transformational Changes in the Year Ahead. Alterra Mountain Company. Jarvis described the strategy in a 2004 corporate press release saying, We had a vision of a ski resort being more than a place to ski, but rather an all-encompassing experience. Wesley Edens, Chairman of Fortress, commented on the great opportunity to continue Intrawests evolution into a leading global leisure player. Intrawests challenges on the public market highlight the business risks of ski industry companies, including exposure to unpredictable weather conditions, capital intensive equipment requirements, and consumer spending. But Alterra's multifamily business didn't just tread water. Because of this, private equity plays an immensely important role in ensuring that ski companies have consistent and healthy access to the capital markets, preventing any disruptions to the ski season. This community is located in the southern section of Chino Hills, off the Soquel Canyon Road exit of the 71 Freeway. Originally from Baltimore, Lacee currently resides in the East Passyunk area of Philadelphia. She is responsible for managing the overall marketing strategy for the residential portfolio to include digital marketing/ advertising, social media, and product launch. ALTERRA CAPITAL HOLDINGS LTD : Stock Price At first, Alterra leaned on friends and family to help finance its acquisitions, eventually getting an investment from a family investment office. However, in a 2016 study, Professors Marijke Taks and Jona Ragoen found that ski participation in recessions broadly declines. Last July, Philly YIMBY shared the plans for a mixed-use development at 1100 Wharton Street in Passyunk Square, South Philadelphia.Designed by JKRP Architects and developed by the Alterra Property Group, the complex is anchored with a new six-story, 162,335-square-foot building with a 20,000-squarte-foot supermarket at the ground Designed by Juggernaut Work. Kosman, Josh. Web2950 Airway Avenue, Suite A9 Costa Mesa, CA 92626. Focused on low building coverage sites with large, stabilized yard space to accommodate an array of uses such as vehicle, material, and equipment storage, Alterra brings an institutional comprehension of the municipal & logistical complexities in securing mission-critical real estate for the often-overlooked sectors of the U.S. industrial landscape. There was an error trying to send your message. Though Pfeiffer leads the day-to-day of the IOS operation, Addimando himself was forced to evolve how he worked in order to keep both ventures successful. in Finance with a concentration in Real Estate from the Pennsylvania State University. 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. Accessed April 18, 2023. https://www.summitdaily.com/news/business/intrawest-announces-restructuring-of-debt/. The companys industrial outdoor storage platform focuses on acquiring and developing industrial sites throughout the United States. Mattfocuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outside Storage platform. Other common Alterra Property Group LLC email patterns are [first] (ex. Real estate prices are closely tied to interest rates because investors require mortgages and loans. His clients include Tesla, Rolls-Royce, Chevron, and ExxonMobil Global Real Estate, among others. Jeff oversees all asset management functions for Alterra Property Group. Alterra Property Group, LLC(Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. 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. Leah is experienced in implementing innovative systems and creative strategies resulting in established brand identity, enhanced customer engagement, and lead generation. Copyright 2023 Bisnow. -, Alterra Capital Holdings Ltd : Markel Announces Completion Of Alterra Acquisition, Alterra Capital Holdings Ltd : Markel Reports First Quarter 2013 Results, Alterra Capital Holdings Ltd : Markel And Alterra Shareholders Overwhelmingly Approve Acquisition. 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. Prior to Exeter, Mark was an Assistant Vice President at AEW Capital Management, focused on East Coast acquisition opportunities. All rights reserved. Alterra Accessed April 26, 2023. https://www.reuters.com/article/us-intrawestresorts-ipo-idUSBREA0U1EM20140131. She also has a masters degree from the University of Pennsylvania. He was formerly the head of real estate for an international transportation and logistics company. Thank you for your message. Parker spent his time working on optimizing terminal locations across the country. Laurenjoined Alterra Property Group in May 2022 as part of the legal, acquisitions and asset management teams. She also has a masters degree from the University of Pennsylvania. Accessed April 18, 2023. https://nypost.com/2010/01/20/intrawest-foreclosure-a-threat-to-olympics/. She currently resides in South Philadelphia with her fianc and their dog. "There are the zoning restrictions, and traditional industrial investors have converted a number of IOS properties. In his role at StoneMor, Jim oversaw and managed all real estate and commercial matters relating to the acquisition, disposition, ownership, leasing, development and operation of 400+ properties located throughout the United States. Rory joined Alterra in October 2021 as a Senior Fund Accountant working directly with Alterras IOS Fund. When they arent working, they enjoy traveling, snow and water sports, and backyard barbecues. Intrawest found a niche in the Canadian ski market as it was less developed than the U.S. in the 1980s and 90s. 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.. Sean focuses on acquisition opportunities and asset management functions at Alterra Property Group. This positive influence will continue as private equitys role in the industry grows. WebAlterra Property Group contact info: Phone number: (267) 414-4954 Website: www.alterraproperty.com What does Alterra Property Group do? Park Madison Partners acted as the funds exclusive placement agent. In his free time, Jim enjoys spending time with his family, traveling, being outside biking, hiking and skiing, working in his garden and having a nice meal and/or craft beer with friends. April 29, 2023. https://www.hotel-online.com/News/PR2004_4th/Oct04_IntrawestMarket.html. Clausing, Jeri. Coping with Recession in the Ski-Industry: A Suppliers and Consumers Perspective. Journal of Sports Management and Commercialization, January 5, 2016. Subscribe to Bisnow's Philadelphia Newsletters. Prior to joining Alterra, Sean worked as an analyst on the Industrial Capital Markets team at JLL, where he worked on both investment sales advisory & equity placement transactions in Pennsylvania & New Jersey. Late last year, Alterra launched its first discretionary fund in partnership with New York-based Park Madison Partners. Currently, in his role at Alterra, Leo oversees management of the firm, provides overall vision and leadership to the company, serves on its Investment Committee, raises capital, overseas residential, mixed-use, and industrial development, and spearheads the firms residential/mixed-use development and investment strategy. Joining Alterra in February 2021 as part of the legal, acquisitions and asset management teams, Carolyn handles the management of due diligence related to acquisitions and financing for Alterras Industrial Outdoor Storage sites. 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. Electrical and Electronics, Industrial Every major city in the country needs IOS real estate to support its infrastructure, logistics, and transportation industries. Senior Advisor - Industrial Outdoor StorageWilliam P. Hankowsky WebEvery homeowner becomes a member of the Alterra family, a legacy going on 50 years. ABOUT ALTERRA PROPERTY GROUP Alterra Property Group, LLC (Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. 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. VP - Industrial TransactionsCarolyn Barr Contact. Gavin graduated from the University of Delaware where he majored in Finance and currently lives in Center City Philadelphia. He has also held several senior positions with Philadelphia based development groups, including Shift Capital, a mission based Social Impact Fund. Despite these positive developments, Intrawests stock struggled to reflect the true value of the firm on the public market. VP - IndustrialMark GannonMark focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. Managing PartnerMatthew PfeifferMatt oversees all investment and asset management activity for Alterra. Lauren earned her bachelors degree from Arcadia University and currently resides in Philadelphia. An activist hedge fund looks to take an active position in their investment by working closely with management to extract value. Accessed April 18, 2023. https://www.aspentimes.com/news/layoffs-cutbacks-hit-vail-resorts/. Most recently,Jonwas a project management Lead at Rivian Automotive, where he supported the development of Rivians $5B East Atlanta campus. During his career, Liam has managed development and construction of projects ranging from historically significant adaptive reuse to technical healthcare facilities including a BSL3 to mixed-use developments. Dealing with Activist Hedge Funds and Other Activist Investors. Web log. Mark most recently served as an Associate Portfolio Manager at Exeter Property Group, helping source and underwrite industrial transactions for Exeters value-add & core investment vehicle. Focused on low building coverage sites with large, stabilized yard space to accommodate an array of uses such as vehicle, material, and equipment storage, Alterra brings an institutional comprehension of the municipal & logistical complexities in securing mission-critical real estate for the often-overlooked sectors of the U.S. industrial landscape. Since 2005 Alterra has acquired and managed dozens of mixed use and residential properties from sourcing to design, execution and management. New Owner Will Change Snowshoe. The Roanoke Times, October 2, 1995. End-of-day quote Nasdaq Fortress Buys Intrawest for $2.8bn. PERE. Parker resides in downtown Chicago with his wife and two children. He currently resides in South Philadelphia. We will email you a link to reset your password. Director - IOS ConstructionLiam Sullivan Intrawest Foreclosure a Threat to Olympics. New York Post. The rendering above shows Alterra Property Group and JRKP Architects' proposed six-story project at 4200 Market Street in West Philadelphia. The IOS market is a $200BN market that is highly fragmented with limited institutional ownership. Read More . Intrawest Announces Restructuring of Debt. Summit Daily. Deputy General CounselJim Freeman, Esq.Jim Freeman serves as Deputy General Counsel of Alterra Property Group, LLC. Success! Leo Addimando is a Managing Partner and Co-Founder of Alterra Property Group, LLC (Alterra). In 1986, U.S. billionaire Marvin Davis wanted to sell off 20th Century Foxs skiing assets, specifically Blackcomb Skiing Enterprises, the owner and operator of Blackcomb Mountain in Whistler. Interested in joining our team? We didnt really know what the endgame was at the time, but once we closed on that sale-leaseback portfolio transaction, we knew it wasnt going to be just a single-tenant business," Addimando said. Jensen Hire Means a Sharper Focus on Hotel Ski Business for Intrawest. Travel Weekly. Falk, Martin, and Sigbjorn Landazuri Tveteraas. Co-Founding Partner & General CounselJeff Pustizzi Additionally, Liam is a credentialed LEED AP through the USGBC. Material Development, Formula Development, Rory is a graduate from Temple University with a Bachelors Degree in Accounting. The Denver Post. Jonhas completed projects working in a range of environments including industrial, manufacturing, hospital, lab expansions and corporate occupier. Commonly, private equity funds have a 10-year life where an investor will hold onto a company for 5-8 years based on strategy for optimizing returns. Lease Administrator Chelsea HolberChelsea joined Alterra in April 2023 as a Lease Administrator within the IOS team. SVP- Development & ConstructionMark Cartella Alterra Property Group From evaluation to execution to management, Alterras competent team of industry experts guide the process quickly and efficiently.
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