info@alterra.com. Parker resides in downtown Chicago with his wife and two children. Jim graduated with a BS from Penn State University and a JD from Washington & Lee School of Law. Mr. Hankowsky has extensive public company experience in addition to his time at Liberty Property Trust, having served on the Board of Essential Utilities (NYSE:WTRG) from 2004-2019, and at various times chairing the Audit and Compensation Committees. Without the same rent growth up here, that equation is very challenged.. He has also held several senior positions with Philadelphia based development groups, including Shift Capital, a mission based Social Impact Fund. Am I spending five fewer hours a week than I used to on the minutiae of multifamily?" Municipalities arent creating more outdoor storage, but every MSA needs it for its supply chain infrastructure.. 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. We need additional data to finish your registration. Daniel Jarvis, previously CFO of Intrawest, led this new group. Intrawest Foreclosure a Threat to Olympics. New York Post. BamSEC website. 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. Alterra Capital Holdings Ltd : Markel Reports 2012 Financial Results. The North American average is 1 percent. The company positioned itself as an operator, not just an owner or investor. 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. Originally from Baltimore, Lacee currently resides in the East Passyunk area of Philadelphia. Alterra, a combination of the words altitude and terrain, seeks to maintain the rich history, stories, and culture at each property while better sharing resources, such as Aspenwares customer service software or the Ikon pass ticket platform. 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. Mattattended Arizona State with a degree in Business Administration Marketing. Test Request, Prototype short run, Alterra Holdings has developed multiple Straw formulations that are marine 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. Co-Founding Partner & General CounselJeff Pustizzi She is responsible for managing the overall marketing strategy for the residential portfolio to include digital marketing/ advertising, social media, and product launch. 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. His clients include Tesla, Rolls-Royce, Chevron, and ExxonMobil Global Real Estate, among others. 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. Laurenjoined Alterra Property Group in May 2022 as part of the legal, acquisitions and asset management teams. 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. 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. Matt and his wife have two children and reside outside of Philadelphia. Lease Administrator Chelsea Holber Alterras IOS platform is comprised of a dedicated team of professionals that provide full service real estate solutions to IOS tenants on a national basis. Jonhas completed projects working in a range of environments including industrial, manufacturing, hospital, lab expansions and corporate occupier. 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. 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. 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. Web2950 Airway Avenue, Suite A9 Costa Mesa, CA 92626. Managing PartnerMatthew PfeifferMatt oversees all investment and asset management activity for Alterra. 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. MarketScreener: Created by Investors for Investors! Prior to joining Alterra, Liam was with Turner Construction in the Philadelphia Business unit, gaining experience in the field and developing project management experience. 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. Liam works as Senior Development Manager focusing on Mixed Use and Industrial projects. He lives in the greater Atlanta area with his wife. We are grateful for the opportunity to work with Alterra on this capital raise, said Park Madison Partners Rob Kohn. PROJECTS BY EMORY UNIVERSITY HISTORY STUDENTS. Company News; Intrawest Acquires Sandestin Resorts For $130 Million. The New York Times, July 15, 1998. She worked on licensing and regulatory matters for 400+ properties throughout the United States. 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. Just hit yes and continue on your way. "There are the zoning restrictions, and traditional industrial investors have converted a number of IOS properties. Co-owner and developer, bringing Canada's first Ace Hotel to the city. Accessed April 17, 2023. www.pitchbook.com. Alterra Property Group, LLC(Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. 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. He has 9 years of experience in the real estate industry. Later, in 2004, Intrawest reorganized its mountain and warm-weather resorts into a new corporate division called the Leisure and Travel Group. 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. Some scholars suggest that the ski industry is recession-proof due to its affluent customer base. 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. Intrawest found a niche in the Canadian ski market as it was less developed than the U.S. in the 1980s and 90s. Accessed April 17, 2023. https://www.hedgeco.net/news/05/2006/pirate-capital-hedge-fund-boosts-stake-in-intrawest.html. January 31, 2014. Currently, Gillian lives in Philadelphia with her fianc-to-be and two lovely cats. She brings over 15 years of marketing and project management experience in multi-family housing, student living, and furnished corporate accommodations. "Were evaluating development opportunities in other markets right now, taking the modular development approach weve honed in Philadelphia. Sources told the New York Post that creditors holding $1.4 billion of debt on Whistler Blackcomb were within 10 days of entering foreclosure. Jonhas completed projects working in a range of environments including industrial, manufacturing, hospital, lab expansions and corporate occupier. 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. We are always growing! Be among those in the know about everything Alterra. More on the banning of snowboarding, on one chair ski lifts, and limited use of artificial snow. Founded on November 23, 1979 by Joe Houssian, Intrawest began as a Canadian real estate development company constructing single-family homes and apartments across British Columbia. 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. 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. Carolyn earned her BA in Psychology and Sociology from the University of Michigan and has a Paralegal Certificate. 2013. 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. in Finance from Villanova University, and a law degree from the Villanova School of Law. All Rights Reserved. We understand that we have a responsibility. On May 22, 2017, KSL Capital Partners (KSL) and Aspen Skiing Company announced a $1.5 billion buyout of Intrawest for a large 40% premium, once again removing the company from the public stock exchange. She brings to Alterra a strong understanding of real estate marketing, sales leadership, and team development. Director - IOS ConstructionLiam SullivanLiam works as Senior Development Manager focusing on Mixed Use and Industrial projects. in Economics and Political Science from the University of Michigan, Ann Arbor. -, 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. Addimando said. Intrawests Continued Struggles Attracted New Interest. Alterra Property Group developed one of the largest multifamily buildings in the U.S. in West Philly, selling it for $88M earlier this year. Over the course of x years, Alterra has acquired, developed and managed more than x mixed use properties. He led all leasing, asset management and development for both the industrial and office portfolio. Pirate Capital felt that the underlying real estate assets owned by Intrawest were discounted by two to three times the value they would receive if broken up and sold separately. Thank you for your message. Prior to joining Alterra, Rory was the Corporate and Fund Accountant for Rubenstein Partners L.P. working on the corporate entities and funds. There was an error trying to send your message. Jeff is a Pennsylvania licensed Real Estate Broker. Copyright 2010 2022. Managing PartnerMatthew Pfeiffer Previously, Gavin worked at HFF in Philadelphia on the debt and equity placement team. 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 Currently, Gillian lives in Philadelphia with her fianc-to-be and two lovely cats. Creating award-winning Senior Fund AccountantRory OConnorRory joined Alterra in October 2021 as a Senior Fund Accountant working directly with Alterras IOS Fund. Jim graduated with a BS from Penn State University and a JD from Washington & Lee School of Law. Last modified April 28, 2010. Liberty was acquired by Prolog is in February, 2020 for $13B. Leo has an MBA from the Harvard Business School (HBS) and a B.A. Carolyn earned her BA in Psychology and Sociology from the University of Michigan and has a Paralegal Certificate. 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. 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. "He quickly responded, put us with some local contacts and we had multiple options within a month.". in Finance from Georgetown University. She remained at Liberty until February 2020 when it was acquired by Prologis. Our news is free and we intend to keep it that way. Alterra Mountain Company Plans to Invest Nearly Half a Billion Dollars in Transformational Changes in the Year Ahead. Alterra Mountain Company. Harvard Law School Forum on Corporate Governance, September 2, 2022. Clausing, Jeri. 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. His clients include Tesla, Rolls-Royce, Chevron, and ExxonMobil Global Real Estate, among others. 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. 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. Plenty of commercial real estate companies operate in multiple asset classes, but few have a portfolio like Alterra Property Group. Prior to joining Alterra, Chelsea was a Lease Management Analyst within the accounting department at Gopuff, a Philadelphia based startup. Jeff oversees all asset management functions for Alterra Property Group. Associate - Acquisitions & Asset ManagementGavin WeaverGavin focuses on acquisition opportunities and asset management functions at Alterra Property Group. Copyright 2023 Bisnow. Mark was born and raised in the Philadelphia area and currently resides in South Jersey with his wife and three children. As a result of the combination, Alterra, with the support of investors, has launched significant capital investment programs. Accessibility Statement. Fortress missed a $524 million interest payment on the companys debt in early 2010. "Clearly, they not only succeeded in Boston, but ultimately handled projects for us on a coast-to-coast basis.". 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. Roy, Priya A. All Rights Reserved. Prior to Alterra, Tom worked for several private real estate equity firms in the Philadelphia area within multiple real estate asset classes. After Turner Construction, Liam joined URBN, the publicly traded parent company of Urban Outfitters, Anthropologie, Free People, and Terrain. Alterra focused on hiring and elevating "high-ceiling individuals" to handle elements of both multifamily and industrial outdoor storage that Addimando might have previously done himself, he said. Ski Smarter, Not Harder: The Great Debate of Digital vs In-Person Ski Coaching, La Grave: How the Gravesite of Skiers Has Become the Champion of Extreme Snowsports Since the 80s, Liberating Women and Their Legs: Female Ski Fashions Shift to Pants in the Early 20th Century, Pirates, Private Equity, and Plows: The 40-Year Journey of Alterra Mountain Company, Instructing Kids to Ski: The Psychology, Training, and Curriculum behind Every Lesson, Behind the Vail: The Effect of Corporatization on New Skiers, Get Again to Get the job done Every person Outdoor Outing, White as Snow: An Examination of Race within Skiing. 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. Use the form below to reset your password. 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. Alterra Capital Holdings Ltd : Alterra Capital Announces $0.16 Dividend and $100 Million S.. Click or Tap Here. 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. It was not for another decade that the firm became interested in the ski industry. VP - IndustrialParker Pearson 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. SVP- Development & ConstructionMark Cartella From activist investors and run-ins with aggressive creditors, Alterra, and formerly Intrawest, overcame significant corporate turmoil to reach its current steady and sustainable state. Jeff is a Partner, General Counsel and Co-Founder of Alterra Property Group. Jim Freeman serves as Deputy General Counsel of Alterra Property Group, LLC. 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. 1 (June 22, 2007): 123. November 12, 2013. Alterra recently announced a $500 million program for 2023 specifically to enhance guest and employee experiences. WebEvery homeowner becomes a member of the Alterra family, a legacy going on 50 years. Alterras real estate platform is strategically focused on our two core competencies ofresidential/mixed-usedevelopment (APG Living), andindustrial outdoor storage (IOS). She is a licensed Certified Public Accountant for the State of Pennsylvania and a member of the AICPA and PICPA. "Yeah, but its five hours that I shouldnt have been spending there to begin with.. WebAlterra Property Group Real Estate Philadelphia, Pennsylvania 2,929 followers Real Estate Investment, Development, and Management. In 2018, Alterra acquired 17 properties from Maxim across 12 cities in a sale-leaseback deal at the portfolio level. 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. 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. He has also held several senior positions with Philadelphia based development groups, including Shift Capital, a mission based Social Impact Fund. 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. The Philadelphia-based company, founded by managing partner and CEO Leo Addimando, had over a decade of experience developing multifamily buildings exclusively in Philadelphia when it entered the realm of industrial outdoor storage in 2016. WebThe most common Alterra Property Group LLC email format is [first]. 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. The prices, plans, amenities, availability, and improvements shown are subject to change without notice. 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. 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. Upcoming regulations in the European Union require us to show this pop-up and ask you to agree to keep using Bisnow.com. 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. Mad River Glen: Are they actually Mad? 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. Last modified January 21, 2008. Parker has 12 years of experience in the real estate industry leading strategic business development across several asset classes. 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. Bloomberg News. 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. Holding positions in both Development and Construction, Liam successfully brought to market projects throughout the U.S. and Canada. Associate - Acquisitions & Asset ManagementGavin Weaver Last modified January 20, 2010. Liam lives in Philadelphia with his Wife and two Mutts. 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. Whereas financial executives ran Intrawest under Fortress ownership, KSL and Aspen Skiing Company instead appointed experienced operators, such as the former CEO of Mammoth Mountain Rusty Gregory. But, to date, the effect of private equity has already been considerable with the introduction of new season passes for customers, substantial reinvestments in surrounding communities, and prioritization of environmental progress through snow-making and grooming technology. 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. Akesson, Alex. 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.. All Rights Reserved. Alterra Property Group. VP - Industrial TransactionsCarolyn Barr 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. VP - Asset ManagementJeff Schaeffer She also has a masters degree from the University of Pennsylvania. Liam joined Alterra to bolster the strengths and add experience to the Development Team. 700+ years WebAlterra Property Group B07 Matt oversees all investment and asset management activity for Alterra. Previously, she worked in leasing and property management at PMC Property Group. Alterra has closed over $1.5B of real estate transactions. 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. 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. Most recently Carolyn worked at Capano Management Company as a Paralegal and Lease Negotiator. Real Estate Investment, Development and Management. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. Rory is a graduate from Temple University with a Bachelors Degree in Accounting. The constant shifts, setbacks, and advancements over the last 40 years for Alterra demonstrate the greater resiliency of the ski industry. January 20, 2010. Rory is a graduate from Temple University with a Bachelors Degree in Accounting. At the time, it managed over $30 billion. Prior to Alterra, Tom worked for several private real estate equity firms in the Philadelphia area within multiple real estate asset classes. Liam is a graduate of Stony Brook University with a BS in Economics. SVP- IndustrialCharlie Totten Upon moving to PA, she began working at Liberty Property Trust as a Paralegal, transitioning to Director of Due Diligence after 11 years. Before working at Orbitz, Leo worked as an Associate for the Boston Consulting Group. PR. 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 . Feb 1, 2021 A year after establishing a venture with JPMorgan Chase & Co., Alterra Property Group has deployed $250 million of $300 million to buy industrial 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. Greg Hicks is a Vice President, Facilities & Maintenance at Alterra Property Group based in Philadelphia, Pennsylvania. Previously, Gavin worked at HFF in Philadelphia on the debt and equity placement team. Since 2005 Alterra has acquired and managed dozens of mixed use and residential properties from sourcing to design, execution and management. 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. To increase and diversify revenues, Intrawest looked to rebrand itself as a leisure company instead of a ski resort operator in the late-1990s and early-2000s.
alterra property group stockwamego baseball schedule
info@alterra.com. Parker resides in downtown Chicago with his wife and two children. Jim graduated with a BS from Penn State University and a JD from Washington & Lee School of Law. Mr. Hankowsky has extensive public company experience in addition to his time at Liberty Property Trust, having served on the Board of Essential Utilities (NYSE:WTRG) from 2004-2019, and at various times chairing the Audit and Compensation Committees. Without the same rent growth up here, that equation is very challenged.. He has also held several senior positions with Philadelphia based development groups, including Shift Capital, a mission based Social Impact Fund. Am I spending five fewer hours a week than I used to on the minutiae of multifamily?" Municipalities arent creating more outdoor storage, but every MSA needs it for its supply chain infrastructure.. 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. We need additional data to finish your registration. Daniel Jarvis, previously CFO of Intrawest, led this new group. Intrawest Foreclosure a Threat to Olympics. New York Post. BamSEC website. 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. Alterra Capital Holdings Ltd : Markel Reports 2012 Financial Results. The North American average is 1 percent. The company positioned itself as an operator, not just an owner or investor. 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. Originally from Baltimore, Lacee currently resides in the East Passyunk area of Philadelphia. Alterra, a combination of the words altitude and terrain, seeks to maintain the rich history, stories, and culture at each property while better sharing resources, such as Aspenwares customer service software or the Ikon pass ticket platform. 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. Mattattended Arizona State with a degree in Business Administration Marketing. Test Request, Prototype short run, Alterra Holdings has developed multiple Straw formulations that are marine 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. Co-Founding Partner & General CounselJeff Pustizzi She is responsible for managing the overall marketing strategy for the residential portfolio to include digital marketing/ advertising, social media, and product launch. 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. His clients include Tesla, Rolls-Royce, Chevron, and ExxonMobil Global Real Estate, among others. 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. Laurenjoined Alterra Property Group in May 2022 as part of the legal, acquisitions and asset management teams. 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. 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. Matt and his wife have two children and reside outside of Philadelphia. Lease Administrator Chelsea Holber Alterras IOS platform is comprised of a dedicated team of professionals that provide full service real estate solutions to IOS tenants on a national basis. Jonhas completed projects working in a range of environments including industrial, manufacturing, hospital, lab expansions and corporate occupier. 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. 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. 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. Web2950 Airway Avenue, Suite A9 Costa Mesa, CA 92626. Managing PartnerMatthew PfeifferMatt oversees all investment and asset management activity for Alterra. 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. MarketScreener: Created by Investors for Investors! Prior to joining Alterra, Liam was with Turner Construction in the Philadelphia Business unit, gaining experience in the field and developing project management experience. 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. Liam works as Senior Development Manager focusing on Mixed Use and Industrial projects. He lives in the greater Atlanta area with his wife. We are grateful for the opportunity to work with Alterra on this capital raise, said Park Madison Partners Rob Kohn. PROJECTS BY EMORY UNIVERSITY HISTORY STUDENTS. Company News; Intrawest Acquires Sandestin Resorts For $130 Million. The New York Times, July 15, 1998. She worked on licensing and regulatory matters for 400+ properties throughout the United States. 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. Just hit yes and continue on your way. "There are the zoning restrictions, and traditional industrial investors have converted a number of IOS properties. Co-owner and developer, bringing Canada's first Ace Hotel to the city. Accessed April 17, 2023. www.pitchbook.com. Alterra Property Group, LLC(Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. 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. He has 9 years of experience in the real estate industry. Later, in 2004, Intrawest reorganized its mountain and warm-weather resorts into a new corporate division called the Leisure and Travel Group. 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. Some scholars suggest that the ski industry is recession-proof due to its affluent customer base. 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. Intrawest found a niche in the Canadian ski market as it was less developed than the U.S. in the 1980s and 90s. Accessed April 17, 2023. https://www.hedgeco.net/news/05/2006/pirate-capital-hedge-fund-boosts-stake-in-intrawest.html. January 31, 2014. Currently, Gillian lives in Philadelphia with her fianc-to-be and two lovely cats. She brings over 15 years of marketing and project management experience in multi-family housing, student living, and furnished corporate accommodations. "Were evaluating development opportunities in other markets right now, taking the modular development approach weve honed in Philadelphia. Sources told the New York Post that creditors holding $1.4 billion of debt on Whistler Blackcomb were within 10 days of entering foreclosure. Jonhas completed projects working in a range of environments including industrial, manufacturing, hospital, lab expansions and corporate occupier. 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. We are always growing! Be among those in the know about everything Alterra. More on the banning of snowboarding, on one chair ski lifts, and limited use of artificial snow. Founded on November 23, 1979 by Joe Houssian, Intrawest began as a Canadian real estate development company constructing single-family homes and apartments across British Columbia. 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. 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. Carolyn earned her BA in Psychology and Sociology from the University of Michigan and has a Paralegal Certificate. 2013. 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. in Finance from Villanova University, and a law degree from the Villanova School of Law. All Rights Reserved. We understand that we have a responsibility. On May 22, 2017, KSL Capital Partners (KSL) and Aspen Skiing Company announced a $1.5 billion buyout of Intrawest for a large 40% premium, once again removing the company from the public stock exchange. She brings to Alterra a strong understanding of real estate marketing, sales leadership, and team development. Director - IOS ConstructionLiam SullivanLiam works as Senior Development Manager focusing on Mixed Use and Industrial projects. in Economics and Political Science from the University of Michigan, Ann Arbor. -, 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. Addimando said. Intrawests Continued Struggles Attracted New Interest. Alterra Property Group developed one of the largest multifamily buildings in the U.S. in West Philly, selling it for $88M earlier this year. Over the course of x years, Alterra has acquired, developed and managed more than x mixed use properties. He led all leasing, asset management and development for both the industrial and office portfolio. Pirate Capital felt that the underlying real estate assets owned by Intrawest were discounted by two to three times the value they would receive if broken up and sold separately. Thank you for your message. Prior to joining Alterra, Rory was the Corporate and Fund Accountant for Rubenstein Partners L.P. working on the corporate entities and funds. There was an error trying to send your message. Jeff is a Pennsylvania licensed Real Estate Broker. Copyright 2010 2022. Managing PartnerMatthew Pfeiffer Previously, Gavin worked at HFF in Philadelphia on the debt and equity placement team. 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 Currently, Gillian lives in Philadelphia with her fianc-to-be and two lovely cats. Creating award-winning
Senior Fund AccountantRory OConnorRory joined Alterra in October 2021 as a Senior Fund Accountant working directly with Alterras IOS Fund. Jim graduated with a BS from Penn State University and a JD from Washington & Lee School of Law. Last modified April 28, 2010. Liberty was acquired by Prolog is in February, 2020 for $13B. Leo has an MBA from the Harvard Business School (HBS) and a B.A. Carolyn earned her BA in Psychology and Sociology from the University of Michigan and has a Paralegal Certificate. 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. 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. "He quickly responded, put us with some local contacts and we had multiple options within a month.". in Finance from Georgetown University. She remained at Liberty until February 2020 when it was acquired by Prologis. Our news is free and we intend to keep it that way. Alterra Mountain Company Plans to Invest Nearly Half a Billion Dollars in Transformational Changes in the Year Ahead. Alterra Mountain Company. Harvard Law School Forum on Corporate Governance, September 2, 2022. Clausing, Jeri. 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. His clients include Tesla, Rolls-Royce, Chevron, and ExxonMobil Global Real Estate, among others. 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. 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. Plenty of commercial real estate companies operate in multiple asset classes, but few have a portfolio like Alterra Property Group. Prior to joining Alterra, Chelsea was a Lease Management Analyst within the accounting department at Gopuff, a Philadelphia based startup. Jeff oversees all asset management functions for Alterra Property Group. Associate - Acquisitions & Asset ManagementGavin WeaverGavin focuses on acquisition opportunities and asset management functions at Alterra Property Group. Copyright 2023 Bisnow. Mark was born and raised in the Philadelphia area and currently resides in South Jersey with his wife and three children. As a result of the combination, Alterra, with the support of investors, has launched significant capital investment programs. Accessibility Statement. Fortress missed a $524 million interest payment on the companys debt in early 2010. "Clearly, they not only succeeded in Boston, but ultimately handled projects for us on a coast-to-coast basis.". 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. Roy, Priya A. All Rights Reserved. Prior to Alterra, Tom worked for several private real estate equity firms in the Philadelphia area within multiple real estate asset classes. After Turner Construction, Liam joined URBN, the publicly traded parent company of Urban Outfitters, Anthropologie, Free People, and Terrain. Alterra focused on hiring and elevating "high-ceiling individuals" to handle elements of both multifamily and industrial outdoor storage that Addimando might have previously done himself, he said. Ski Smarter, Not Harder: The Great Debate of Digital vs In-Person Ski Coaching, La Grave: How the Gravesite of Skiers Has Become the Champion of Extreme Snowsports Since the 80s, Liberating Women and Their Legs: Female Ski Fashions Shift to Pants in the Early 20th Century, Pirates, Private Equity, and Plows: The 40-Year Journey of Alterra Mountain Company, Instructing Kids to Ski: The Psychology, Training, and Curriculum behind Every Lesson, Behind the Vail: The Effect of Corporatization on New Skiers, Get Again to Get the job done Every person Outdoor Outing, White as Snow: An Examination of Race within Skiing. 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. Use the form below to reset your password. 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. Alterra Capital Holdings Ltd : Alterra Capital Announces $0.16 Dividend and $100 Million S.. Click or Tap Here. 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. It was not for another decade that the firm became interested in the ski industry. VP - IndustrialParker Pearson 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. SVP- Development & ConstructionMark Cartella From activist investors and run-ins with aggressive creditors, Alterra, and formerly Intrawest, overcame significant corporate turmoil to reach its current steady and sustainable state. Jeff is a Partner, General Counsel and Co-Founder of Alterra Property Group. Jim Freeman serves as Deputy General Counsel of Alterra Property Group, LLC. 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. 1 (June 22, 2007): 123. November 12, 2013. Alterra recently announced a $500 million program for 2023 specifically to enhance guest and employee experiences. WebEvery homeowner becomes a member of the Alterra family, a legacy going on 50 years. Alterras real estate platform is strategically focused on our two core competencies ofresidential/mixed-usedevelopment (APG Living), andindustrial outdoor storage (IOS). She is a licensed Certified Public Accountant for the State of Pennsylvania and a member of the AICPA and PICPA. "Yeah, but its five hours that I shouldnt have been spending there to begin with.. WebAlterra Property Group Real Estate Philadelphia, Pennsylvania 2,929 followers Real Estate Investment, Development, and Management. In 2018, Alterra acquired 17 properties from Maxim across 12 cities in a sale-leaseback deal at the portfolio level. 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. 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. He has also held several senior positions with Philadelphia based development groups, including Shift Capital, a mission based Social Impact Fund. 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. The Philadelphia-based company, founded by managing partner and CEO Leo Addimando, had over a decade of experience developing multifamily buildings exclusively in Philadelphia when it entered the realm of industrial outdoor storage in 2016. WebThe most common Alterra Property Group LLC email format is [first]. 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. The prices, plans, amenities, availability, and improvements shown are subject to change without notice. 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. 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. Upcoming regulations in the European Union require us to show this pop-up and ask you to agree to keep using Bisnow.com. 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. Mad River Glen: Are they actually Mad? 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. Last modified January 21, 2008. Parker has 12 years of experience in the real estate industry leading strategic business development across several asset classes. 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. Bloomberg News. 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. Holding positions in both Development and Construction, Liam successfully brought to market projects throughout the U.S. and Canada. Associate - Acquisitions & Asset ManagementGavin Weaver Last modified January 20, 2010. Liam lives in Philadelphia with his Wife and two Mutts. 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. Whereas financial executives ran Intrawest under Fortress ownership, KSL and Aspen Skiing Company instead appointed experienced operators, such as the former CEO of Mammoth Mountain Rusty Gregory. But, to date, the effect of private equity has already been considerable with the introduction of new season passes for customers, substantial reinvestments in surrounding communities, and prioritization of environmental progress through snow-making and grooming technology. 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. Akesson, Alex. 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.. All Rights Reserved. Alterra Property Group. VP - Industrial TransactionsCarolyn Barr 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. VP - Asset ManagementJeff Schaeffer She also has a masters degree from the University of Pennsylvania. Liam joined Alterra to bolster the strengths and add experience to the Development Team. 700+ years WebAlterra Property Group B07 Matt oversees all investment and asset management activity for Alterra. Previously, she worked in leasing and property management at PMC Property Group. Alterra has closed over $1.5B of real estate transactions. 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. 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. Most recently Carolyn worked at Capano Management Company as a Paralegal and Lease Negotiator. Real Estate Investment, Development and Management. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. Rory is a graduate from Temple University with a Bachelors Degree in Accounting. The constant shifts, setbacks, and advancements over the last 40 years for Alterra demonstrate the greater resiliency of the ski industry. January 20, 2010. Rory is a graduate from Temple University with a Bachelors Degree in Accounting. At the time, it managed over $30 billion. Prior to Alterra, Tom worked for several private real estate equity firms in the Philadelphia area within multiple real estate asset classes. Liam is a graduate of Stony Brook University with a BS in Economics. SVP- IndustrialCharlie Totten Upon moving to PA, she began working at Liberty Property Trust as a Paralegal, transitioning to Director of Due Diligence after 11 years. Before working at Orbitz, Leo worked as an Associate for the Boston Consulting Group. PR. 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 . Feb 1, 2021 A year after establishing a venture with JPMorgan Chase & Co., Alterra Property Group has deployed $250 million of $300 million to buy industrial 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. Greg Hicks is a Vice President, Facilities & Maintenance at Alterra Property Group based in Philadelphia, Pennsylvania. Previously, Gavin worked at HFF in Philadelphia on the debt and equity placement team. Since 2005 Alterra has acquired and managed dozens of mixed use and residential properties from sourcing to design, execution and management. 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. To increase and diversify revenues, Intrawest looked to rebrand itself as a leisure company instead of a ski resort operator in the late-1990s and early-2000s. Pka Of Hc2h3o2,
Kathleen Mcnulty Rooney,
Articles A
