After Turner, Mark worked 7 years at one of Philadelphias preeminent professional project management/real estate services company, Aegis Property Group. The incredible investor support for this fund is a testament to both the market opportunity within IOS and to investors confidence in the Alterra team as fiduciaries.. We understand that we have a responsibility. 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. 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 Originally from Baltimore, Lacee currently resides in the East Passyunk area of Philadelphia. The company is comprised of a highly qualified team of professionals that handle all Last modified August 11, 2006. Six years later, it hasanational, institutionally backed portfolio of IOS properties, but is still a Philly-focused multifamily developer. Deputy General CounselJim Freeman, Esq. info@alterra.com. This master planned Prior to joining Alterra, Gavin was an Associate at Rubenstein Partners since 2019, where he worked on office acquisitions for the companys equity portfolios as well as loan originations for the companys mortgage fund. in Finance from Villanova University, and a law degree from the Villanova School of Law. Additionally, Liam is a credentialed LEED AP through the USGBC. 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. Real estate prices are closely tied to interest rates because investors require mortgages and loans. 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. All Rights Reserved. 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. Tom currently resides in New Jersey with his wife and three children. Am I spending five fewer hours a week than I used to on the minutiae of multifamily?" She remained at Liberty until February 2020 when it was acquired by Prologis. Gillian earned her bachelors degree in Architecture from Tsinghua University. In 2013, Intrawest filed with the SEC on November 12 to become a publicly-traded company under the ticker SNOW. Be among those in the know about everything Alterra. At first, Alterra leaned on friends and family to help finance its acquisitions, eventually getting an investment from a family investment office. Previous to his career in real estate, Leo was an early employee of Orbitz.com, helping the company to develop ancillary revenue streams, the profitability of which contributed to the companys successful IPO in 2003. These new transfer points will increase the reach of We're not asking for your money. Granito, Alison. Accessed April 17, 2023. https://www.hedgeco.net/news/05/2006/pirate-capital-hedge-fund-boosts-stake-in-intrawest.html. Maxim was being forced to vacate a lot in Boston and Bardonaro was having no luck finding a new place to store cranes after a year of searching. Accessed April 18, 2023. https://www.aspentimes.com/news/layoffs-cutbacks-hit-vail-resorts/. Director - IOS ConstructionLiam Sullivan Mark is a graduate of Drexel University and holds a BS in Architectural Engineering, Mechanical Concentration, as well as a dual minor in Mechanical Engineering and Construction Management. degradable, Indiana Plant 2213 Killion Ave Seymour, IN 47274 +1(812) 271-1891. Reporters for Travel Weekly noted that this hire demonstrated a pivot for Intrawest from a real estate development company to a ski resort operator. Necessity is the mother of invention," Addimando said. She is responsible for managing the overall marketing strategy for the residential portfolio to include digital marketing/ advertising, social media, and product launch. jane@alterraproperty.com). Chelsea joined Alterra in April 2023 as a Lease Administrator within the IOS team. All Rights Reserved. Alterra Property Group is a real estate development, investment and management company with more than $2 billion in real estate investments. Jeffs 15 years in real estate have allowed him to gain a wealth of experience in both the legal and business aspects of the industry. Accessibility Statement. Dealing with Activist Hedge Funds and Other Activist Investors. Web log. Matt has an MBA from the Wharton School of the University of Pennsylvania and a B.S. Jim graduated with a BS from Penn State University and a JD from Washington & Lee School of Law. By mid-March, thefund had closed after raising $524M, wellabove its goal of $400M. Fortress Buys Intrawest for $2.8bn. PERE. Before Rubenstein, Gillian worked as an Acquisitions and Asset Management Analyst at Brandywine Realty Trust, where she helped underwrite and do Due Diligence for transactions on offices. 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. "When you try to scale in a different asset class nationally, its almost like youre starting over, with different capital providers, different people doing deals.. Prior to joining Liberty, he served for 11 years as president of the Philadelphia Industrial Development Corporation and before that served as the city of Philadelphias Commerce Director. Noting that the staggering amount of capital looking to invest in value-add multifamily has all but erased the possibility of getting a satisfactory return, Alterra has committed to modular development as a way to control and reduce construction costs, betting that when it stabilizes and sells a property, investors won't care how it was built. Creditors threatened to auction off the companys assets to pay the outstanding debt. Alterra Property Group managing partners Leo Addimando, who founded the company, and Matt Pfeiffer, A Nashville, Tennessee industrial outdoor storage facility owned by Alterra Property Group and leased to Maxim Crane Works. VP - IndustrialParker Pearson 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. 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. Mattcurrently resides in La Jolla, CA with his wife, daughter and son. The company is comprised of a highly qualified team of professionals that handle all aspects of acquisition, entitlement, project/construction management, asset management, leasing, property management, accounting, and investor reporting. Managing PartnerMatthew PfeifferMatt oversees all investment and asset management activity for Alterra. "Were evaluating development opportunities in other markets right now, taking the modular development approach weve honed in Philadelphia. Jeff is a Partner, General Counsel and Co-Founder of Alterra Property Group. The team comprises professionals from diverse backgrounds on the buy-side and sell-side and leverages this experience to offer Park Madisons clients highly customized solutions across global real estate capital markets. Web100+ properties across 30 states $1B+ in transaction volume Learn more Mixed Use Development Since 2005 Alterra has acquired and managed dozens of mixed use and Co-Founder & Managing PartnerLeo Addimando 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. Taks, Marijke and Ragoen, Jona. At this time, Fortress had owned Intrawest for seven long years. Designing and delivering homes that define the district and invigorate the neighbourhoods around them. The primary question for avid skiers and community residents is whether these financial investors have good intentions. Rory also worked at EY in the Wealth and Asset Management Assurance group,working on mutual fund, hedge fund, private equity fund audits and accounting systemtransitions. Success! Venture II is a continuation of Alterras Industrial Outside Storage (IOS) investment strategy launched in 2016. Jeff received an MBA and a B.A. Roy, Priya A. After announcing large scale layoffs, Jensen told the Aspen Times, we had to be responsive to the economy, while stressing that the guest experience would be unaffected. Creating a business model around that vision broke the mold in the hotel/retail/festival industry. This new strategy transformed how people viewed the ski industry. This included leasing, disposing of, and acquiring millions of square feet of real estate projects from inception to completion as well as developing strategic planning within their real estate, finance, and executive levels. Co-Founder & Managing PartnerLeo AddimandoLeo Addimando is a Managing Partner and Co-Founder of Alterra Property Group, LLC (Alterra). Click or Tap Here. He lives in the greater Atlanta area with his wife. Senior Fund AccountantRory OConnorRory joined Alterra in October 2021 as a Senior Fund Accountant working directly with Alterras IOS Fund. Tom Baker joined Alterra Property Group in May of 2017. Intrawest Resort Holdings, Inc. Form S-1 2016. Lauren also worked on acquisitions and divestitures, corporate and real estate record management, and assisted legal with various employment, real estate, and general litigation matters. 2, (Spring 2015): 5970. He has been on the Board of Citizen Financial Group from 2006 and on the Audit and Compensation and Human Resources Committees. Daniel Jarvis, previously CFO of Intrawest, led this new group. Prior to Exeter, Mark was an Assistant Vice President at AEW Capital Management, focused on East Coast acquisition opportunities. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. The company was now led by CEO Bill Jensen, who succeeded Joe Houssian, Intrawests founder, in 2008. Upcoming regulations in the European Union require us to show this pop-up and ask you to agree to keep using Bisnow.com. 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. With the looming collapse, Intrawest entered into a restructuring plan on April 28, 2010 to refinance $1.2 billion of loans. You are subscribed to the Bisnow Philadelphia Newsletter. Prior to joining Alterra, Lacee worked for RSM US LLP where she performed/provided transaction advisory due diligence and assurance services to her clients, which included Real Estate. Alterra Capital Holdings Ltd : Alterra Capital to Release Fourth Quarter 2012 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. The company purchased Sandestin Resorts in Florida for $130 million in 1998. Save my name, email, and website in this browser for the next time I comment. He has 17 years of experience in the real estate industry, including 12 exclusively in the IOS sector. Supply of IOS is constrained for a few reasons," said Matt Pfeiffer, Addimando's fellow managing partner who runs the day-to-day operations of the IOS business. 7 2022. alterra property group stockhtml5 interactive animation. From the onset, the new investors prioritized the customers, employees, and surrounding communities of Intrawests portfolio. WebAlterra Property Group Real Estate Philadelphia, Pennsylvania 2,929 followers Real Estate Investment, Development, and Management. 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. Sean graduated from Boston University where he majored in Finance and was a member of the mens lacrosse team. Designed by Juggernaut Work. VP IndustrialMatt McNutt 700+ years He and his Partners are responsible for forming and implementing investment strategies across the company. Laurenjoined Alterra Property Group in May 2022 as part of the legal, acquisitions and asset management teams. Additionally, she is a Notary Public and a licensed Real Estate Salesperson. Gavin graduated from the University of Delaware where he majored in Finance and currently lives in Center City Philadelphia. 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. Leah McVay joined Alterra Property Group in September of 2017. Pitchbook. Prior to joining Alterra, Gavin was an Associate at Rubenstein Partners since 2019, where he worked on office acquisitions for the companys equity portfolios as well as loan originations for the companys mortgage fund. Associate - Asset ManagementGillian Zhao She brings over 15 years of marketing and project management experience in multi-family housing, student living, and furnished corporate accommodations. He was formerly the head of real estate for an international transportation and logistics company. We will email you a link to reset your password. He has handled $2B of real estate transactions nationwide across a wide range of asset classes, including multi-family, industrial, office, retail and student housing. Intrawest and other investors found the ski industry especially attractive because of the underlying value and stability from real estate, while resorts also generated revenues from lift passes, dining, and on-mountain experiences. Formerly at Fischer & Company, he spent his time working on all facets of strategic portfolio management and planning for numerous Fortune 500 companies through periods of both rapid network expansion and contraction. WebMasar Group. We are always growing! Parker received a Bachelors of Arts in Accounting and Entrepreneurship from Miami University in Oxford, OH. ControllerLacee Daniel, CPALacee joined Alterra in September 2018 as a senior accountant working directly with Alterras investment partners. Alterra Property Group, LLC(Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. Before Rivian, he completed projects as a project management consultant, most recently as an Associate Director at Turner & Townsend. Venture II was oversubscribed, closing $524MM of total commitments, exceeding the original fundraising goal of $400MM. Just hit yes and continue on your way. Alterra Capital Holdings Ltd : Markel And Alterra Shareholders Overwhelmingly Approve Acqu.. ALTERRA CAPITAL HOLDINGS LTD : Ex-dividend day for. Other common Alterra Property Group LLC email patterns are [first] (ex. Prior to joining Alterra, Rory was the Corporate and Fund Accountant for Rubenstein Partners L.P. working on the corporate entities and funds. Intrawest Company Profile, 2023. Prior to joining Alterra, Mark worked several years in the Philadelphia Business Unit of Turner Construction Company, the largest construction management company in the world by volume, gaining unparalleled construction management expertise. Based on Alterra's continued success in fundraising for IOS and executing multifamily projects in Philly, its best return has come from the investments it made in talent. The company grew to $524 million in revenue with over six million visitors across its resorts in 2013. Liam joined Alterra to bolster the strengths and add experience to the Development Team. He has 17 years of experience in the real estate industry, including 12 exclusively in the IOS sector. Tom holds a Bachelors Degree in Accounting from West Chester University and is a Certified Public Accountant for the Commonwealth of Pennsylvania. Kosman, Josh. Liam works as Senior Development Manager focusing on Mixed Use and Industrial projects. "In the Southeast and the Southwest, theres such population growth that rents are skyrocketing, so they pay what they need to pay in order to get new things built. Jim joined Prologis after it acquired Liberty Property Trust (LPT), where Jim served as lead transactional counsel overseeing and managing the acquisition, disposition, construction and development of industrial facilities throughout the United States. Falk, Martin, and Sigbjorn Landazuri Tveteraas. Jim graduated with a BS from Penn State University and a JD from Washington & Lee School of Law. From our inception born out of one original tenant relationship, the Alterra IOS team has understood the importance of listening to the occupier industries (transportation and logistics, equipment rental, building materials, etc.) As a result of the combination, Alterra, with the support of investors, has launched significant capital investment programs. In addition, he is responsible for raising and structuring equity and debt for Alterras ongoing business initiatives. The fund was heavily oversubscribed, closing at $524 million of total commitments, versus the original fundraising goal of $400 million. agnes hill asheville school; lake buckhorn georgia rules; escambia county school registration; andrew davidson saskatoon; laura leigh we re the millers; Close Menu. Copyright 2010 2022. We are committed to honoring the deep traditions of each resort. Unlike Fortress in 2007, KSL and Aspen Skiing Company both have expertise in growing and sustaining the unique story of ski resorts. Municipalities arent creating more outdoor storage, but every MSA needs it for its supply chain infrastructure.. Managing PartnerMatthew Pfeiffer Alterra Wynwood VP - IndustrialParker PearsonParker focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. I know where to be pushing rentsand where concessions are needed" across Alterra's properties, he said. Lacee holds a Masters in Accounting from the University of Maryland-College Park and an undergraduate degree in accounting from the College of Charleston. In addition to helping him assess the viability of growing the multifamily business, Addimando's exposure to so many other marketsgave him perspective on what is possible and sensible in Philadelphia. Jonearned a Master and Bachelor of Architecture from Texas Tech University, as well as a Master of Real Estate from Georgetown University. 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. The firm raised CAD$26 million through the initial public offering (IPO) to use in acquiring more ski assets, such as purchasing Mont Tremblant for $22 million in 1991. SVP- IndustrialCharlie TottenCharlie focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. Alterras value creation and capital reinvestment efforts surround three primary facets the customers, employees, and environment to create a better mountain experience. VP - Asset ManagementJeff SchaefferJeff oversees all asset management functions for Alterra Property Group. As a leading Canadian real estate developer, Joe Houssian was introduced to Davis despite his complete unfamiliarity with the ski industry. 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. Most recently,Jonwas a project management Lead at Rivian Automotive, where he supported the development of Rivians $5B East Atlanta campus. After Turner Construction, Liam joined URBN, the publicly traded parent company of Urban Outfitters, Anthropologie, Free People, and Terrain. Copyright 2023 Bisnow. Prior to joining Alterra, Mark worked several years in the Philadelphia Business Unit of Turner Construction Company, the largest construction management company in the world by volume, gaining unparalleled construction management expertise. Clydesdale, Greg. Jeff resides in Pennsylvania with his wife and two children, and when not working or spending time with his family, enjoys golf, spending time at the shore and being a Philadelphia sports fan (most of the time). Prior to joining Alterra, Rory was the Corporate and Fund Accountant for Rubenstein Partners L.P. working on the corporate entities and funds. Alterra Property Group LLC, of Philadelphia, has reached the final close of its Alterra IOS Venture II LP. Leo has an MBA from the Harvard Business School (HBS) and a B.A. Tom holds a Bachelors Degree in Accounting from West Chester University and is a Certified Public Accountant for the Commonwealth of Pennsylvania. Matt has an MBA from the Wharton School of the University of Pennsylvania and a B.S. After Turner Construction, Liam joined URBN, the publicly traded parent company of Urban Outfitters, Anthropologie, Free People, and Terrain. More on the banning of snowboarding, on one chair ski lifts, and limited use of artificial snow. Jeff is a Pennsylvania licensed Real Estate Broker. Previously, she worked in leasing and property management at PMC Property Group. Throughout his career he has traveled extensively, leading millions of square feet of projects from inception to completion in 24 different states. Bankruptcy and widespread foreclosures were a real risk for Intrawest. 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. 920 Yonge Street, Suite 1000 All Rights Reserved. He currently resides in South Philadelphia. Jensen Hire Means a Sharper Focus on Hotel Ski Business for Intrawest. Travel Weekly. She is responsible for managing the overall marketing strategy for the residential portfolio to include digital marketing/ advertising, social media, and product launch. APG IOS is Alterras industrial real estate platform dedicated to providing real estate solutions through property acquisition, development, management & leasing for tenants in the heavy industrial & outdoor storage space. Park Madison Partners, LLC is a New York-based capital markets and advisory firm for global real estate alternative investments. Prior to joining Alterra, Chelsea was a Lease Management Analyst within the accounting department at Gopuff, a Philadelphia based startup. Lease Administrator Chelsea HolberChelsea joined Alterra in April 2023 as a Lease Administrator within the IOS team. Currently, Gillian lives in Philadelphia with her fianc-to-be and two lovely cats. Liam is a graduate of Stony Brook University with a BS in Economics. Copyright 2023 Surperformance. Accessed April 18, 2023. https://nypost.com/2010/01/20/intrawest-foreclosure-a-threat-to-olympics/. Senior Fund AccountantRory OConnor Alterra Property Group. She worked on licensing and regulatory matters for 400+ properties throughout the United States. He led all leasing, asset management and development for both the industrial and office portfolio. Leah is a graduate of Temple University with a Bachelors degree in Communications. Late last year, Alterra launched its first discretionary fund in partnership with New York-based Park Madison Partners. Before working at Orbitz, Leo worked as an Associate for the Boston Consulting Group. As the global economy rebounded in the early-2010s, the ski industry saw tourists return to the slopes and lodges, providing a much-needed lift on revenues. Web2950 Airway Avenue, Suite A9 Costa Mesa, CA 92626. 2022 Alterra Holdings. VP - Industrial TransactionsCarolyn BarrJoining 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. Automotive, Household Appliances, Constructions, Intrawest Resorts Holdings, Inc. Investor Relations. Alterra Property Group, LLC (Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. Over the course of his career, Mark has successfully managed the design and construction of various building product types ranging from highly sophisticated healthcare facilities, historic preservation/adaptive reuse buildings, higher ed/K-12 institutions, office space, and multi-family/mixed used developments with an aggregate volume valued in the billions . They often pressure management teams into making quick and decisive business decisions, such as laying off employees or selling core business units. The Denver Post. He holds a B.S. Leah is a graduate of Temple University with a Bachelors degree in Communications. He also holds a LEED AP designation under the USGBC. The IOS market is a $200BN market that is highly fragmented with limited institutional ownership. Accessed April 17, 2023. www.pitchbook.com. VP - IndustrialMark Gannon 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. DIRECTOR - IOS DEVELOPMENTJon CordingleyJonCordingleyjoined Alterra in 2022 as Director of Development, supporting the companys industrial outdoor storage portfolio with over 14 years of experience.

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