Alterra currently manages 2000+ upscale residential apartments under our residential management division APG Living. Last modified May 4, 2006. She brings to Alterra a strong understanding of real estate marketing, sales leadership, and team development. Last modified March 21, 2023. Alterra Property Group Lauren works closely with all members of the Industrial Outdoor Storage team on transactions, due diligence, compliance, and insurance. She remained at Liberty until February 2020 when it was acquired by Prologis. Contact. 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. Intrawests stock traded around $33 per share; however, Pirate Capital publicly stated that they valued the stock at $45 per share and pressured management to undergo a strategic review. Throughout his career he has traveled extensively, leading millions of square feet of projects from inception to completion in 24 different states. Alterra Property Group, LLC(Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. Sean graduated from Boston University where he majored in Finance and was a member of the mens lacrosse team. Intrawest Foreclosure a Threat to Olympics. New York Post. Jeff is a Pennsylvania licensed Real Estate Broker. Alterra Developments Official Website 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 WebThe Alterra IOS team brings an institutional comprehension of the municipal, environmental, and logistical complexities in acquiring, leasing, and occupying mission-critical real Alterra Property Group | LinkedIn Success! Matt oversees all investment and asset management activity for Alterra. 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. in Finance with a concentration in Real Estate from the Pennsylvania State University. Additionally, she is a Notary Public and a licensed Real Estate Salesperson. info@alterra.com. He received a Bachelor of Arts degree in economics from Brown University. 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. And, over the next three years, Intrawest grew revenue to $570 million before ultimately garnering new interest from private equity investors. Today, Alterra is one of the largest institutional owners of IOS properties in the U.S. We are very excited at Alterra to have completed the fundraising for Venture II, our first discretionary Fund. Fortress Buys Intrawest for $2.8bn. PERE. Alterra Property Group. VP - IndustrialParker PearsonParker focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. Copyright 2010 2022. Accessed April 26, 2023. https://www.travelweekly.com/Travel-News/Hotel-News/Jensen-hire-means-a-sharper-focus-on-hotel-ski-business-for-Intrawest. Our news is free and we intend to keep it that way. Greg Hicks is a Vice President, Facilities & Maintenance at Alterra Property Group based in Philadelphia, Pennsylvania. 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. in Finance with a concentration in Real Estate from the Pennsylvania State University. All Rights Reserved. The company was now led by CEO Bill Jensen, who succeeded Joe Houssian, Intrawests founder, in 2008. Cochran, Bill. Prior to Exeter, Mark was an Assistant Vice President at AEW Capital Management, focused on East Coast acquisition opportunities. Pitchbook. Deputy General CounselJim Freeman, Esq.Jim Freeman serves as Deputy General Counsel of Alterra Property Group, LLC. Roy, Priya A. 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. January 20, 2010. Alterras real estate platform is strategically focused on our two core competencies of residential/mixed-use development ( APG Living ), and industrial outdoor storage ( IOS ). Charlie focuses on sourcing, underwriting and acquisition due diligence 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. Alterras real estate platform is strategically focused on our two core competencies ofresidential/mixed-usedevelopment (APG Living), andindustrial outdoor storage (IOS). 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. Most recently Carolyn worked at Capano Management Company as a Paralegal and Lease Negotiator. We are always growing! She brings to Alterra a strong understanding of real estate marketing, sales leadership, and team development. Accessed April 17, 2023. https://www.nytimes.com/1998/07/15/business/company-news-intrawest-acquires-sandestin-resorts-for-130-million.html. Material Development, Formula Development, 1 (June 22, 2007): 123. Jim began his career in private practice as an attorney in 2000 at Latham & Watkins in London, UK and Washington, DC and then at Blank Rome in Philadelphia before joining a client, StoneMor Partners (STON), as Assistant General Counsel in 2016. Alterra Property Group Thomas Marano, a real estate investor, succeeded Jensen. Since 2005, Alterra has executed hundreds of real estate transactions across 30+ states, including the acquisition of over 100 industrial outdoor storage properties over the past 5+ years. He led all leasing, asset management and development for both the industrial and office portfolio. ControllerLacee Daniel, CPA Charlie is a 2010 graduate of Georgetown University and he currently resides in Pittsburgh with his wife and son. Alterra IOS Home - Alterra IOS Only a handful of Alterra employees have duties across both verticals, while around 50 focus exclusively on multifamily and 15 or so do the same with industrial outdoor storage. Intrawests Continued Struggles Attracted New Interest. After Turner Construction, Liam joined URBN, the publicly traded parent company of Urban Outfitters, Anthropologie, Free People, and Terrain. On March 21, 1990, Intrawest filed with the Toronto Stock Exchange to trade under the ticker ITW. He currently resides in South Philadelphia. He has been on the Board of Citizen Financial Group from 2006 and on the Audit and Compensation and Human Resources Committees. While the Global Financial Crisis exposed some risks in working with private equity firms, without the financial support and knowledge of Fortress investors, Intrawests story could have taken a turn for the worse, adding its name to a long list of failed companies in 2008-09. 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. agnes hill asheville school; lake buckhorn georgia rules; escambia county school registration; andrew davidson saskatoon; laura leigh we re the millers; Close Menu. WebEvery homeowner becomes a member of the Alterra family, a legacy going on 50 years. 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. Associate - Acquisitions & Asset ManagementGavin WeaverGavin focuses on acquisition opportunities and asset management functions at Alterra Property Group. Addimando remains deeply involved in the company's strategy in the sector, and he served as president of the Building Industry Association's Philadelphia chapter last year. 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. The North American average is 1 percent. The company positioned itself as an operator, not just an owner or investor. Accessed April 17, 2023. https://www.bamsec.com/filing/114036116084750?cik=1587755. Activist hedge funds patrol inefficient, undervalued, and mismanaged public companies. Liam is a graduate of Stony Brook University with a BS in Economics. Mattcurrently resides in La Jolla, CA with his wife, daughter and son. 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. Gavin graduated from the University of Delaware where he majored in Finance and currently lives in Center City Philadelphia. Last modified April 10, 2017. Lauren works closely with all members of the Industrial Outdoor Storage team on transactions, due diligence, compliance, and insurance. Kosman, Josh. Liam joined Alterra to bolster the strengths and add experience to the Development Team. As a leading Canadian real estate developer, Joe Houssian was introduced to Davis despite his complete unfamiliarity with the ski industry. Accessed April 17, 2023. https://corpgov.law.harvard.edu/2022/09/02/dealing-with-activist-hedge-funds-and-other-activist-investors-5/. Leo Addimando is a Managing Partner and Co-Founder of Alterra Property Group, LLC (Alterra). Director - IOS ConstructionLiam SullivanLiam works as Senior Development Manager focusing on Mixed Use and Industrial projects. Originally from Baltimore, Lacee currently resides in the East Passyunk area of Philadelphia. The rendering above shows Alterra Property Group and JRKP Architects' proposed six-story project at 4200 Market Street in West Philadelphia. How Multifamily Developer Alterra Property Group Became A Big in Economics and Political Science from the University of Michigan, Ann Arbor. Prior to joining Alterra, Liam was with Turner Construction in the Philadelphia Business unit, gaining experience in the field and developing project management experience. Maximizing Value in the Real Estate Private Equity Space: Expansion, Competition, and Alliance. The Journal of Private Equity, vol. Additionally, Liam is a credentialed LEED AP through the USGBC. Jim Freeman serves as Deputy General Counsel of Alterra Property Group, LLC. 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. 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. Whereas private equity firms are mandated to generate returns by buying private companies, hedge funds have a wider scope to trade any publicly listed or privately held security. Previously, Gavin worked at HFF in Philadelphia on the debt and equity placement team. Eventually, Intrawest expanded into the U.S. in 1994 by acquiring Stratton Mountain in Vermont. Alterra Property Group developed one of the largest multifamily buildings in the U.S. in West Philly, selling it for $88M earlier this year. Carolyns legal/real estate career began at law firms in Kalamazoo, MI (Legal Secretary) and then Atlanta, GA (Paralegal). The 2007-2008 Financial Crisis: An Avalanche Smashes the Ski Industry. Additionally, she is a Notary Public and a licensed Real Estate Salesperson. Alterra focuses on acquiring low density, supply chain and infrastructure real estate in core infill locations. Prior to Alterra, Tom worked for several private real estate equity firms in the Philadelphia area within multiple real estate asset classes. 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. -, 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. Fortress is a private equity firm that invests in businesses with strong asset bases and cash flows, such as real estate. 2013. 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. Mark most recently served as an Associate Portfolio Manager at Exeter Property Group, helping source and underwrite industrial transactions for Exeters value-add & core investment vehicle. Parker spent his time working on optimizing terminal locations across the country. 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. The Denver, Colo.-based company announced today that it will be focusing its capital improvements on four major U.S. resorts: Deer Valley, Utah; Steamboat, Colo.; and Calif.s Mammoth Mountain and Squaw Valley Alpine Meadows. Alterras investment in the four resorts sits at $207 million, which is no chump change. 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. All rights reserved. CORRECTION, APRIL 14, 10:15 A.M. 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. and striving to provide real estate solutions to tenants. 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. He holds a B.S. 2013. Alterra Property Group LLC, of Philadelphia, has reached the final close of its Alterra IOS Venture II LP. All Rights Reserved. Alterra Property Group, LLC (Alterra) is an institutional real estate investment, development and management company focusing on industrial outdoor storage and multi-family/mixed-use developments. Akesson, Alex. Matthew Pfeiffer - Steers Global Real Estate Accessed April 18, 2023. https://www.alterramtnco.com/news/alterra-mountain-company-plans-to-invest-nearly-half-a-billion-dollars-in-transformational-changes-in-the-year-ahead. 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. WebManage Products and Account Information Support Americas +1 212 318 2000 EMEA +44 20 7330 7500 Asia Pacific +65 6212 1000 Company About Careers Diversity and In 1996, they purchased 31% of Mammoth Mountain in California. 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. Alterra Home Loans Chino, CA Office | Glassdoor Alterra Property Group Alterra Property Group, LLC (Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. Today, Addimando admits he knew little about Boston as a real estate market and even less about a little-known niche of industrial property. Matt has been involved with over $1 billion of transactions during his time at Alterra. The company purchased Sandestin Resorts in Florida for $130 million in 1998. As a result of the combination, Alterra, with the support of investors, has launched significant capital investment programs. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. 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. Director - IOS ConstructionLiam Sullivan After Turner, Mark worked 7 years at one of Philadelphias preeminent professional project management/real estate services company, Aegis Property Group. The companys industrial outdoor storage platform focuses on acquiring and developing industrial sites throughout the United States. Accessed April 26, 2023. https://www.reuters.com/article/us-intrawestresorts-ipo-idUSBREA0U1EM20140131. Venture II is a continuation of Alterras Industrial Outside Storage (IOS) investment strategy launched in 2016. He has 17 years of experience in the real estate industry, including 12 exclusively in the IOS sector. 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. WebAlterra Property Group Real Estate Philadelphia, Pennsylvania 2,929 followers Real Estate Investment, Development, and Management. Last modified January 31, 2014. Alterra Homes for sale in Chino Hills, Ca. We need you to know that security is our top priority and that we hold any information we have about you under lock and key. Leah is experienced in implementing innovative systems and creative strategies resulting in established brand identity, enhanced customer engagement, and lead generation. Alterra Property Group, LLC (Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. 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. Liam is a graduate of Stony Brook University with a BS in Economics. Chelsea joined Alterra in April 2023 as a Lease Administrator within the IOS team. This article has been updated. Other common Alterra Property Group LLC email patterns are [first] (ex. Upcoming regulations in the European Union require us to show this pop-up and ask you to agree to keep using Bisnow.com. Alterra Capital Holdings Ltd : Markel to Acquire Alterra for Approximately $31 Per Share i.. Alterra Capital Holdings Ltd : Alterra Announces an Increase in the Capitalization of New .. Alterra Capital Holdings Ltd : Alterra to Partner with Ullico Casualty Group for US Profes.. Alterra Capital Holdings Ltd : Alterra Capital Reports Third Quarter 2012 Results. Mattattended Arizona State with a degree in Business Administration Marketing. Reporters for Travel Weekly noted that this hire demonstrated a pivot for Intrawest from a real estate development company to a ski resort operator. From evaluation to execution to management, Alterras competent team of industry experts guide the process quickly and efficiently. Designed by Juggernaut Work. SVP- IndustrialCharlie Totten 2, (Spring 2015): 5970. Despite these positive developments, Intrawests stock struggled to reflect the true value of the firm on the public market. The constant shifts, setbacks, and advancements over the last 40 years for Alterra demonstrate the greater resiliency of the ski industry. Without the same rent growth up here, that equation is very challenged.. Designing and delivering homes that define the district and invigorate the neighbourhoods around them. End-of-day quote Nasdaq 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. Associate Transactions & ComplianceLauren OlsonLaurenjoined Alterra Property Group in May 2022 as part of the legal, acquisitions and asset management teams. "So we started searching for data on how big the market was and tried to create an investment thesis for it.. Jonearned a Master and Bachelor of Architecture from Texas Tech University, as well as a Master of Real Estate from Georgetown University. SVP- Development & ConstructionMark CartellaMark oversees the execution phase of Alterras real estate development and capital improvement projects including all facets of the project delivery process with a focus on design and construction. William P. Hankowsky was Chairman, President, and Chief Executive Officer of Liberty Property Trust, until February, 2020. Parker has 12 years of experience in the real estate industry leading strategic business development across several asset classes. Fortress missed a $524 million interest payment on the companys debt in early 2010. He currently resides in South Philadelphia. [last] (ex. 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. VP - Industrial TransactionsCarolyn Barr Designed by Juggernaut Work. When they arent working, they enjoy traveling, snow and water sports, and backyard barbecues. Pirate Capital Hedge Fund Boosts Stake in Intrawest. HedgeCo.Net. Co-Founding Partner & General CounselJeff PustizziJeff is a Partner, General Counsel and Co-Founder of Alterra Property Group. 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. He has also held several senior positions with Philadelphia based development groups, including Shift Capital, a mission based Social Impact Fund. in Finance from Georgetown University. Gavin graduated from the University of Delaware where he majored in Finance and currently lives in Center City Philadelphia. Prior to joining Alterra, Chelsea was a Lease Management Analyst within the accounting department at Gopuff, a Philadelphia based startup. VP - IndustrialMark GannonMark focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. Leo has an MBA from the Harvard Business School (HBS) and a B.A. WebCompany profile page for Alterra Mountain Co including stock price, company news, press releases, executives, board members, and contact information Intrawest Resort Holdings, Inc. Form S-1 2016. The company raised $188 million through the IPO at a valuation of $540 million, down sharply from the $1.8 billion in Fortress 2007 purchase. Greg Hicks's Phone Number and Email Prior to joining Alterra, Liam was with Turner Construction in the Philadelphia Business unit, gaining experience in the field and developing project management experience. Announcing Alterra Mountain Company: A Family of 12 Iconic Mountain Destinations in North America. Alterra Mountain Company. November 12, 2013. 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 By December 2019, Alterra had formed a $300M joint venture backed by JPMorgan Chase to acquire IOS properties. (657) 247-2600 New Owner Will Change Snowshoe. The Roanoke Times, October 2, 1995. "Yeah, but its five hours that I shouldnt have been spending there to begin with.. Tom currently resides in New Jersey with his wife and three children. VP - Asset ManagementJeff Schaeffer 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. 920 Yonge Street, Suite 1000 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.. In a Reuters article, Josef Schuster, a financier focused on IPOs, suggested that the market is getting more sensitive to where IPO proceeds go to, and favors firms where proceeds are earmarked for growth versus reducing leverage or going to selling shareholders. For Intrawest, the IPO proceeds were raised to reduce leverage and provide liquidity to selling shareholders instead of investing in new growth initiatives. After Turner Construction, Liam joined URBN, the publicly traded parent company of Urban Outfitters, Anthropologie, Free People, and Terrain. Gillian earned her bachelors degree in Architecture from Tsinghua University. The Alterra IOS team brings an institutional comprehension of the municipal, environmental, and logistical complexities in acquiring, leasing, and occupying mission-critical real estate for this often-overlooked sector of the U.S. industrial landscape. Before Rivian, he completed projects as a project management consultant, most recently as an Associate Director at Turner & Townsend. "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. Carolyn earned her BA in Psychology and Sociology from the University of Michigan and has a Paralegal Certificate. JonCordingleyjoined Alterra in 2022 as Director of Development, supporting the companys industrial outdoor storage portfolio with over 14 years of experience. She remained at Liberty until February 2020 when it was acquired by Prologis. Jensen previously served as president of Vail Resorts Mountain Division. 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. We're not asking for your money. 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. Falk, Martin, and Laurent Vanat.