He and his Partners are responsible for forming and implementing investment strategies across the company. Dimri, Neha. 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. Jeff received an MBA and a B.A. His clients include Tesla, Rolls-Royce, Chevron, and ExxonMobil Global Real Estate, among others. Alterra Property Group. 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. Previously, Greg was a Sup ervisor, Maintenance at American Management and also held positions at WinnCompanies, Village Green Companies. 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. Park Madison Partners acted as the funds exclusive placement agent. 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. SVP- Development & ConstructionMark Cartella Leo Addimando is a Managing Partner and Co-Founder of Alterra Property Group, LLC (Alterra). 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. 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. These new transfer points will increase the reach of More on the banning of snowboarding, on one chair ski lifts, and limited use of artificial snow. VP - IndustrialParker PearsonParker focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. Six years later, it hasanational, institutionally backed portfolio of IOS properties, but is still a Philly-focused multifamily developer. "So we started searching for data on how big the market was and tried to create an investment thesis for it.. Email. 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. Alterra Property Group. 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. SVP- IndustrialCharlie TottenCharlie focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. Web2950 Airway Avenue, Suite A9 Costa Mesa, CA 92626. Director - IOS ConstructionLiam SullivanLiam works as Senior Development Manager focusing on Mixed Use and Industrial projects. 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. In addition, he is responsible for raising and structuring equity and debt for Alterras ongoing business initiatives. Upon moving to PA, she began working at Liberty Property Trust as a Paralegal, transitioning to Director of Due Diligence after 11 years. 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. 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. But Alterra's multifamily business didn't just tread water. (657) 247-2600 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. WebFind the latest Altria Group, Inc. (MO) stock quote, history, news and other vital information to help you with your stock trading and investing. He led all leasing, asset management and development for both the industrial and office portfolio. Rory is a graduate from Temple University with a Bachelors Degree in Accounting. Sean focuses on acquisition opportunities and asset management functions at Alterra Property Group. Prior to joining Alterra, Matt focused on acquisitions on the East Coast for CenterSquare, a real estate private equity firm located in Philadelphia. 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. Park Madison Partners served as the exclusive placement agent. "Yeah, but its five hours that I shouldnt have been spending there to begin with.. Parker has 12 years of experience in the real estate industry leading strategic business development across several asset classes. On the public side, Tom gained extensive real estate accounting and auditing experience while working for the operations and development teams of a global real estate investment trust and as an assurance auditor for PricewaterhouseCoopers (PwC) in their asset management practice (Funds and Real Estate). 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. Matt has been involved with over $1 billion of transactions during his time at Alterra. Prior to Exeter, Mark was an Assistant Vice President at AEW Capital Management, focused on East Coast acquisition opportunities. Liberty was acquired by Prolog is in February, 2020 for $13B. After Turner, Mark worked 7 years at one of Philadelphias preeminent professional project management/real estate services company, Aegis Property Group. 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. Jonearned a Master and Bachelor of Architecture from Texas Tech University, as well as a Master of Real Estate from Georgetown University. Pirate Capital Hedge Fund Boosts Stake in Intrawest. HedgeCo.Net. Associate - Acquisitions & Asset ManagementGavin WeaverGavin focuses on acquisition opportunities and asset management functions at Alterra Property Group. She currently resides in South Philadelphia with her fianc and their dog. jane.doe@alterraproperty.com), which is being used by 60.6% of Alterra Property Group LLC work email addresses. 7 2022. alterra property group stockhtml5 interactive animation. Stratton was a four-season resort, making it a lucrative investment for Intrawest beyond the ski season. We will email you a link to reset your password. Alterra Property Group Gavin graduated from the University of Delaware where he majored in Finance and currently lives in Center City Philadelphia. A wealth of experience, thought, planning, and process go into every project, resulting in communities that are carefully considered and exceptionally executed, down to the last detail. 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. Matt has an MBA from the Wharton School of the University of Pennsylvania and a B.S. All Rights Reserved. Charlie focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. Lease Administrator Chelsea HolberChelsea joined Alterra in April 2023 as a Lease Administrator within the IOS team. She remained at Liberty until February 2020 when it was acquired by Prologis. Carolyn earned her BA in Psychology and Sociology from the University of Michigan and has a Paralegal Certificate. VP - Industrial TransactionsCarolyn Barr Mark has a Bachelors degree from the University of Pennsylvania and currently resides outside of Philadelphia with his wife and son. Mattfocuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outside Storage platform. 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. She is a licensed Certified Public Accountant for the State of Pennsylvania and a member of the AICPA and PICPA. 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. Miller, Scott N. Layoffs, Cutbacks Hit Vail Resorts. The Aspen Times. 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). Every homeowner becomes a member of the Alterra family, a legacy going on 50 years. 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. Alterra-JPMorgan venture bulks up on $300M property play For example, within the first season of owning Stratton, four high-speed chairlifts were installed, improving the skier experience. When they arent working, they enjoy traveling, snow and water sports, and backyard barbecues. The Denver Post. Copyright 2010 2022. Alterra IOS Venture II, LP reaches $500 million hard cap Wesley Edens, Chairman of Fortress, commented on the great opportunity to continue Intrawests evolution into a leading global leisure player. Intrawests challenges on the public market highlight the business risks of ski industry companies, including exposure to unpredictable weather conditions, capital intensive equipment requirements, and consumer spending. Chelsea holds her Bachelors of Business Administration in Marketing from the University of Pittsburgh. PR. He has 9 years of experience in the real estate industry. The company purchased Sandestin Resorts in Florida for $130 million in 1998. Chelsea holds her Bachelors of Business Administration in Marketing from the University of Pittsburgh. He currently resides in South Philadelphia. Prior to Exeter, Mark was an Assistant Vice President at AEW Capital Management, focused on East Coast acquisition opportunities. The companys industrial outdoor storage platform focuses on acquiring and developing industrial sites throughout the United States. Alterra Capital Holdings Ltd : Markel Reports 2012 Financial Results. Managing PartnerMatthew Pfeiffer Associate - Acquisitions & Asset ManagementGavin Weaver WebAlterra Property Group Real Estate Investment, Development and Management Who We Are Alterra Property Group, LLC (Alterra) is an established real estate investment, Mattattended Arizona State with a degree in Business Administration Marketing. 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. Gillian earned her bachelors degree in Architecture from Tsinghua University. 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.) 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. [last] (ex. Holding positions in both Development and Construction, Liam successfully brought to market projects throughout the U.S. and Canada. -, 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. All rights reserved. For more information, please visit ParkMadisonPartners.com, Rosalia Scampoli (212) 537-5177, Ext. 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. Modelling the Wider Effects of Ski Lift Investments. Empirical Economics (February 27, 2019): 259274. He has also held several senior positions with Philadelphia based development groups, including Shift Capital, a mission based Social Impact Fund. She brings to Alterra a strong understanding of real estate marketing, sales leadership, and team development. Alterra Capital Holdings Ltd : Markel And Alterra Shareholders Overwhelmingly Approve Acqu.. ALTERRA CAPITAL HOLDINGS LTD : Ex-dividend day for. communities for almost 50 years. Prior to joining Alterra, Chelsea was a Lease Management Analyst within the accounting department at Gopuff, a Philadelphia based startup. As the global economy rebounded in the early-2010s, the ski industry saw tourists return to the slopes and lodges, providing a much-needed lift on revenues. This article has been updated. We understand that we have a responsibility. Alterra Property Group developed one of the largest multifamily buildings in the U.S. in West Philly, selling it for $88M earlier this year. Alterra Property Group is a real estate development, investment and management company with more than $2 billion in real estate investments. 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. Leah is a graduate of Temple University with a Bachelors degree in Communications. Charlie is a 2010 graduate of Georgetown University and he currently resides in Pittsburgh with his wife and son. Alterra currently manages 2000+ upscale residential apartments under our residential management division APG Living. 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. Tom currently resides in New Jersey with his wife and three children. 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. With the looming collapse, Intrawest entered into a restructuring plan on April 28, 2010 to refinance $1.2 billion of loans. Charlie is a 2010 graduate of Georgetown University and he currently resides in Pittsburgh with his wife and son. Alterra Property Group developed one of the largest multifamily buildings in the U.S. in West Philly, selling it for $88M earlier this year. Alterra Property Group Throughout his career he has traveled extensively, leading millions of square feet of projects from inception to completion in 24 different states. See jobs Follow View all 57 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. Fortress is a private equity firm that invests in businesses with strong asset bases and cash flows, such as real estate. 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. Before Rivian, he completed projects as a project management consultant, most recently as an Associate Director at Turner & Townsend. in Finance with a concentration in Real Estate from the Pennsylvania State University. Accessed April 17, 2023. https://www.bamsec.com/filing/114036116084750?cik=1587755. This is not a step 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. 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. 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.
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