Fortress missed a $524 million interest payment on the companys debt in early 2010. Mattattended Arizona State with a degree in Business Administration Marketing. Mark was born and raised in the Philadelphia area and currently resides in South Jersey with his wife and three children. She worked on licensing and regulatory matters for 400+ properties throughout the United States. This positive influence will continue as private equitys role in the industry grows. Real Estate Investment, Development and Management. Matt oversees all investment and asset management activity for Alterra. jane.doe@alterraproperty.com), which is being used by 60.6% of Alterra Property Group LLC work email addresses. Jonhas completed projects working in a range of environments including industrial, manufacturing, hospital, lab expansions and corporate occupier. 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. Intrawest Company Profile, 2023. Associate - Acquisitions & Asset ManagementGavin WeaverGavin focuses on acquisition opportunities and asset management functions at Alterra Property Group. In March, Alterrasold a 250K SF building in West Philly, one of the largest modular apartment projects in the country, for $88M. He was formerly the head of real estate for an international transportation and logistics company. Lauren works closely with all members of the Industrial Outdoor Storage team on transactions, due diligence, compliance, and insurance. Prior to forming Alterra, Jeff began his career at the Philadelphia-based law firm of Stradley Ronon Stevens & Young, where he honed his skills in commercial real estate and finance. But Alterra's multifamily business didn't just tread water. SVP- IndustrialCharlie TottenCharlie focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. Prior to joining Alterra, Chelsea was a Lease Management Analyst within the accounting department at Gopuff, a Philadelphia based startup. The company grew to $524 million in revenue with over six million visitors across its resorts in 2013. Designing and delivering homes that define the district and invigorate the neighbourhoods around them. November 12, 2013. Co-Founder & Managing PartnerLeo AddimandoLeo Addimando is a Managing Partner and Co-Founder of Alterra Property Group, LLC (Alterra). Bloomberg News. Senior Advisor - Industrial Outdoor StorageWilliam P. Hankowsky Alterra IOS Venture II, LP reaches $500 million hard cap Intrawest found a niche in the Canadian ski market as it was less developed than the U.S. in the 1980s and 90s. Pirate Capital Hedge Fund Boosts Stake in Intrawest. HedgeCo.Net. Alterras real estate platform is strategically focused on our two core competencies ofresidential/mixed-usedevelopment (APG Living), andindustrial outdoor storage (IOS). In addition, he is responsible for raising and structuring equity and debt for Alterras ongoing business initiatives. 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). 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. Alterra Property Group | LinkedIn Prior to joining Alterra, Liam was with Turner Construction in the Philadelphia Business unit, gaining experience in the field and developing project management experience. Eventually, Intrawest expanded into the U.S. in 1994 by acquiring Stratton Mountain in Vermont. The rendering above shows Alterra Property Group and JRKP Architects' proposed six-story project at 4200 Market Street in West Philadelphia. Gillian earned her bachelors degree in Architecture from Tsinghua University. Over 17+ years as a real estate entrepreneur, Leo has gained experience with a diverse range of real estate product types, acquired industrial properties in 30+ US States, closed over $2.5B of real estate transactions, acquired or developed over 3,500 residential units, structured dozens of complex transactions, and overseen all aspects of numerous residential, commercial, industrial, and mixed-use real estate development projects. The ski industry has undergone significant evolution over the last 20 years as resorts have come and gone, innovative technology has transformed the mountain experience, and demographic shifts have introduced new people to the sport. The company was now led by CEO Bill Jensen, who succeeded Joe Houssian, Intrawests founder, in 2008. After Turner Construction, Liam joined URBN, the publicly traded parent company of Urban Outfitters, Anthropologie, Free People, and Terrain. 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. Alterra Property Group Accessed April 18, 2023. https://www.summitdaily.com/news/business/intrawest-announces-restructuring-of-debt/. He received a Bachelor of Arts degree in economics from Brown University. In 2013, Intrawest filed with the SEC on November 12 to become a publicly-traded company under the ticker SNOW. Previously, Gavin worked at HFF in Philadelphia on the debt and equity placement team. Tom holds a Bachelors Degree in Accounting from West Chester University and is a Certified Public Accountant for the Commonwealth of Pennsylvania. Interested in joining our team? Alterra Property Group. 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. Before Rivian, he completed projects as a project management consultant, most recently as an Associate Director at Turner & Townsend. Sean graduated from Boston University where he majored in Finance and was a member of the mens lacrosse team. Alterra Property Group is a real estate development, investment and management company with more than $2 billion in real estate investments. VP - Asset ManagementJeff Schaeffer However, in a 2016 study, Professors Marijke Taks and Jona Ragoen found that ski participation in recessions broadly declines. Your email address will not be published. Mr. Hankowsky joined Liberty in 2001as chief investment officer, in 2002 was named president, and in 2003 appointed chief executive officer and elected chairman of Libertys board of trustees. Upcoming regulations in the European Union require us to show this pop-up and ask you to agree to keep using Bisnow.com. Other common Alterra Property Group LLC email patterns are [first] (ex. Clausing, Jeri. With smaller transactions that average between $5-20MM and are below the radar of most institutional investors, Alterra is able to curate high quality national portfolios of IOS real estate. Am I spending five fewer hours a week than I used to on the minutiae of multifamily?" Maximizing Value in the Real Estate Private Equity Space: Expansion, Competition, and Alliance. The Journal of Private Equity, vol. 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. 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 . We're not asking for your money. "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. Lacee holds a Masters in Accounting from the University of Maryland-College Park and an undergraduate degree in accounting from the College of Charleston. 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. These investments reflected broader positive trends in the real estate market during the 1990s driven by the 5-percent decline in the Federal Funds Rate from 1990 to 1993. IOS AnalystSean Christman But Alterra'sacquisition of the sitefor leasing to Maxim led Bardonaro to realize the benefit of focusing more capital expenditure on his company's vehicle fleet. Co-Founding Partner & General CounselJeff Pustizzi communities for almost 50 years. Gains from Investments in Snowmaking Facilities. Ecological Economics 130 (October 2016): 339349. 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. Dimri, Neha. 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.) Martin Lipton, the founding partner of Wachtell, Lipton, Rosen, & Katz, a global law firm specializing in mergers and acquisitions and corporate governance, noted in a Harvard Law School publication that no company should consider itself immune from activism. 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. Over that time period, industrial outdoor storage exploded in popularity as an investment target, enjoying both the relentless demand for logistics space in general and advantages specific to the property type. Prior to Alterra, Tom worked for several private real estate equity firms in the Philadelphia area within multiple real estate asset classes. Harvard Law School Forum on Corporate Governance, September 2, 2022. All Rights Reserved. Last modified December 5, 2008. Creditors threatened to auction off the companys assets to pay the outstanding debt. Thomas Marano, a real estate investor, succeeded Jensen. 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. Jim graduated with a BS from Penn State University and a JD from Washington & Lee School of Law. 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. 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. End-of-day quote Nasdaq Through the purchase of Intrawest, KSL and Aspen Skiing Company now owned 12 mountains across the U.S. and Canada, including Palisades Tahoe, Deer Valley, and Mammoth Mountain. Accessed April 26, 2023. https://www.reuters.com/article/us-intrawestresorts-ipo-idUSBREA0U1EM20140131. "After several failed attempts with some large national companies, I remembered that Leo spent a lot of time in the Boston area while attending Harvard, so I asked him for some help," Bardonaro told Bisnow in an email. Carolyns legal/real estate career began at law firms in Kalamazoo, MI (Legal Secretary) and then Atlanta, GA (Paralegal). Co-Founder & Managing PartnerLeo Addimando He has 9 years of experience in the real estate industry. Mattfocuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outside Storage platform. 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.
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