September 8, 2016. KSL is a global private equity firm specializing in travel and leisure businesses, such as Village Urban Resorts and the Outrigger Hotels, with $8.5 billion in assets under management. Alterra Property Group. Over the course of x years, Alterra has acquired, developed and managed more than x mixed use properties. In March, Alterrasold a 250K SF building in West Philly, one of the largest modular apartment projects in the country, for $88M. Thank you for your message. 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. 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. 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. 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. Leah McVay joined Alterra Property Group in September of 2017. She brings to Alterra a strong understanding of real estate marketing, sales leadership, and team development. This article has been updated. Prior to Alterra, Tom worked for several private real estate equity firms in the Philadelphia area within multiple real estate asset classes. 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. In developingand managing properties hyperlocally like were doing in Philadelphia and Greater, Also subscribe to Bisnow's Industrial Newsletter, Weekend Interview: Keystone Development + Investment's Rich Gottlieb On Improving Offices While Relying Less On Them, Spark Therapeutics Signs 63K SF Lease At King Of Prussia's Discovery Labs, Center City Report: Phillys Dual Business Taxes Are Making Its Downtown Office Drain Worse, Judge Overturns Zoning Permit For Already-Open Center City Dining, Gambling Venue, national, institutionally backed portfolio. 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. 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. Six years later, it hasanational, institutionally backed portfolio of IOS properties, but is still a Philly-focused multifamily developer. In a landmark move for the ski industry, and to better protect, sustain, and organize these unique assets, KSL and Aspen Skiing Company rebranded Intrawest as the Alterra Mountain Company on January 11, 2018. WebAlterra Property Group contact info: Phone number: (267) 414-4954 Website: www.alterraproperty.com What does Alterra Property Group do? Director of MarketingLeah McVay All Rights Reserved. Prior to joining Liberty, he served for 11 years as president of the Philadelphia Industrial Development Corporation and before that served as the city of Philadelphias Commerce Director. Mattattended Arizona State with a degree in Business Administration Marketing. Jim Freeman serves as Deputy General Counsel of Alterra Property Group, LLC. At this time, Fortress had owned Intrawest for seven long years. 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. He holds a B.S. Prior to joining Alterra, Rory was the Corporate and Fund Accountant for Rubenstein Partners L.P. working on the corporate entities and funds. Every major city in the country needs IOS real estate to support its infrastructure, logistics, and transportation industries. Falk, Martin, and Laurent Vanat. Reporters for Travel Weekly noted that this hire demonstrated a pivot for Intrawest from a real estate development company to a ski resort operator. Liam lives in Philadelphia with his Wife and two Mutts. 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. 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. 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. Altera Corp. (NASD: ALTR) presently has an above average rank, in [] Altera reports its third-quarter earnings on Thursday, October 23, 2014, and the consensus earnings per share estimate is 37 cents per share.The consensus estimate remains unchanged over the past month, but it has decreased from three months ago when it was 39 cents. 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. We need additional data to finish your registration. He has been on the Board of Citizen Financial Group from 2006 and on the Audit and Compensation and Human Resources Committees. CORRECTION, APRIL 14, 10:15 A.M. Alterra Property Group, LLC (Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. January 31, 2014. 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. 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. Lauren earned her bachelors degree from Arcadia University and currently resides in Philadelphia. Greg Hicks is a Vice President, Facilities & Maintenance at Alterra Property Group based in Philadelphia, Pennsylvania. Senior Fund AccountantRory OConnor Please try again later. WebCompany profile page for Alterra Mountain Co including stock price, company news, press releases, executives, board members, and contact information Carolyns legal/real estate career began at law firms in Kalamazoo, MI (Legal Secretary) and then Atlanta, GA (Paralegal). He led all leasing, asset management and development for both the industrial and office portfolio. Every homeowner becomes a member of the Alterra family, a legacy going on 50 years. He has 17 years of experience in the real estate industry, including 12 exclusively in the IOS sector. 2013. Liam is a graduate of Stony Brook University with a BS in Economics. Clausing, Jeri. Carolyns legal/real estate career began at law firms in Kalamazoo, MI (Legal Secretary) and then Atlanta, GA (Paralegal). His clients include Tesla, Rolls-Royce, Chevron, and ExxonMobil Global Real Estate, among others. IOS AnalystSean ChristmanSean focuses on acquisition opportunities and asset management functions at Alterra Property Group. The company was now led by CEO Bill Jensen, who succeeded Joe Houssian, Intrawests founder, in 2008. 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. Intrawest Company Profile, 2023. 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. Intrawest Resorts Holdings, Inc. to Be Acquired by Affiliates of Aspen Skiing Company and KSL Capital Partners. Business Wire. "In the Southeast and the Southwest, theres such population growth that rents are skyrocketing, so they pay what they need to pay in order to get new things built. Municipalities arent creating more outdoor storage, but every MSA needs it for its supply chain infrastructure.. Leo is married to Brigitte Castaing Addimando (HBS 05), has three children (Nico, Marcus, Sophie) and in his spare time enjoys spending time with family, exercise, golf, attending live sporting events (youth and professional), and travel. He lives in the greater Atlanta area with his wife. Jensen previously served as president of Vail Resorts Mountain Division. The IOS market is a $200BN market that is highly fragmented with limited institutional ownership. Six months later, it secured a $100M credit facility with Morgan Stanley for the same purpose. Pitchbook. Plenty of commercial real estate companies operate in multiple asset classes, but few have a portfolio like Alterra Property Group. Tom currently resides in New Jersey with his wife and three children. 2013. We want to take 15 seconds to tell you what's going on: Sound good? For more information, please visit ParkMadisonPartners.com, Rosalia Scampoli (212) 537-5177, Ext. This master planned Lacee holds a Masters in Accounting from the University of Maryland-College Park and an undergraduate degree in accounting from the College of Charleston. 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. The company is comprised of a highly qualified team of professionals that handle all aspects of acquisition, entitlement, project/construction management, asset management, leasing, property management, accounting, and investor reporting. Mark has a Bachelors degree from the University of Pennsylvania and currently resides outside of Philadelphia with his wife and son. 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). In partnership with Park Madison Partners, we launched fundraising in the summer of 2021 and we had significant investor interest in our firm, our strategy, and in this burgeoning sub asset class of Industrial, said Leo Addimando, Founder and Managing Partner/CEO of Alterra. Parker received a Bachelors of Arts in Accounting and Entrepreneurship from Miami University in Oxford, OH. On March 21, 1990, Intrawest filed with the Toronto Stock Exchange to trade under the ticker ITW. 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. SEC EDGAR website. 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. For more information, please visit AlterraProperty.com. Fortress missed a $524 million interest payment on the companys debt in early 2010. Accessed April 17, 2023. www.pitchbook.com. Fortress Buys Intrawest for $2.8bn. PERE. Alterra Wynwood Travel Weekly, January 21, 2008. Just hit yes and continue on your way. Dimri, Neha. Maximizing Value in the Real Estate Private Equity Space: Expansion, Competition, and Alliance. The Journal of Private Equity, vol. Previously, Gavin worked at HFF in Philadelphia on the debt and equity placement team. Prior to joining Alterra, Chelsea was a Lease Management Analyst within the accounting department at Gopuff, a Philadelphia based startup. Rory is from Haverford, PA and currently resides in Philadelphia with his wife. Laurenjoined Alterra Property Group in May 2022 as part of the legal, acquisitions and asset management teams. 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. Alterras real estate platform is strategically focused on our two core competencies ofresidential/mixed-usedevelopment (APG Living), andindustrial outdoor storage (IOS). Dealing with Activist Hedge Funds and Other Activist Investors. Web log. Lease Administrator Chelsea Holber 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. Upcoming regulations in the European Union require us to show this pop-up and ask you to agree to keep using Bisnow.com. Accessed April 18, 2023. https://www.aspentimes.com/news/layoffs-cutbacks-hit-vail-resorts/. 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. VP IndustrialMatt McNuttMattfocuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outside Storage platform. Currently, Gillian lives in Philadelphia with her fianc-to-be and two lovely cats. Contact. Jeff received an MBA and a B.A. A vertically integrated real estate company focused on deploying institutional discretionary capital to acquire and develop Industrial Outdoor Storage (IOS) throughout the United States. Gavin focuses on acquisition opportunities and asset management functions at Alterra Property Group. Click or Tap Here. Originally from Baltimore, Lacee currently resides in the East Passyunk area of Philadelphia. Previously, Greg was a Sup ervisor, Maintenance at American Management and also held positions at WinnCompanies, Village Green Companies. From evaluation to execution to management, Alterras competent team of industry experts guide the process quickly and efficiently. "Clearly, they not only succeeded in Boston, but ultimately handled projects for us on a coast-to-coast basis.". (657) 247-2600 Before Rivian, he completed projects as a project management consultant, most recently as an Associate Director at Turner & Townsend. He also holds a LEED AP designation under the USGBC. Matt and his wife have two children and reside outside of Philadelphia. Intrawest found a niche in the Canadian ski market as it was less developed than the U.S. in the 1980s and 90s. Last modified April 10, 2017. 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. We need you to be cool with us holding onto your email address (if we already have it) and for us to email you about commercial real estate news and events. and striving to provide real estate solutions to tenants. Sean graduated from Boston University where he majored in Finance and was a member of the mens lacrosse team. PHILADELPHIA and NEW YORK, March 18, 2022 (GLOBE NEWSWIRE) -- Philadelphia-based Alterra Property Group, LLC (Alterra) and New York-based Park Madison Partners today announced the final close of Alterra IOS Venture II, LP (Venture II). towards a paywall. They often pressure management teams into making quick and decisive business decisions, such as laying off employees or selling core business units. He received a Bachelor of Arts degree in economics from Brown University. After Turner Construction, Liam joined URBN, the publicly traded parent company of Urban Outfitters, Anthropologie, Free People, and Terrain. Before Rubenstein, Gillian worked as an Acquisitions and Asset Management Analyst at Brandywine Realty Trust, where she helped underwrite and do Due Diligence for transactions on offices. The fund was heavily oversubscribed, closing at $524 million of total commitments, versus the original fundraising goal of $400 million. 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. This positive influence will continue as private equitys role in the industry grows. Sean graduated from Boston University where he majored in Finance and was a member of the mens lacrosse team. Tom holds a Bachelors Degree in Accounting from West Chester University and is a Certified Public Accountant for the Commonwealth of Pennsylvania. Deputy General CounselJim Freeman, Esq.Jim Freeman serves as Deputy General Counsel of Alterra Property Group, LLC. Accessed April 17, 2023. https://www.hedgeco.net/news/05/2006/pirate-capital-hedge-fund-boosts-stake-in-intrawest.html. Be among those in the know about everything Alterra. Clydesdale, Greg. Jonearned a Master and Bachelor of Architecture from Texas Tech University, as well as a Master of Real Estate from Georgetown University. We understand that we have a responsibility. The company grew to $524 million in revenue with over six million visitors across its resorts in 2013. Toronto, Ontario M4W 3C7, Phone. jane@alterraproperty.com). Associate Transactions & ComplianceLauren Olson 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. After Turner, Mark worked 7 years at one of Philadelphias preeminent professional project management/real estate services company, Aegis Property Group. Over $5 billion in real estate transactions. For example, within the first season of owning Stratton, four high-speed chairlifts were installed, improving the skier experience. Rory is from Haverford, PA and currently resides in Philadelphia with his wife. 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, LLC (Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. Other common Alterra Property Group LLC email patterns are [first] (ex. We are united by a common purpose to create tangible economic, social, and environmental value as an institutional real estate advisor while also operating as a go-to service provider to tenants in need of industrial outdoor storage. 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. PR. We will email you a link to reset your password. When they arent working, they enjoy traveling, snow and water sports, and backyard barbecues. 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. 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. Eventually, Intrawest expanded into the U.S. in 1994 by acquiring Stratton Mountain in Vermont. We didnt really know what the endgame was at the time, but once we closed on that sale-leaseback portfolio transaction, we knew it wasnt going to be just a single-tenant business," Addimando said. 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 Matt has an MBA from the Wharton School of the University of Pennsylvania and a B.S. Over 53 communities developed. Alterra Property Group is a real estate development, investment and management company with more than $2 billion in real estate investments. Charlie focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. Gavin graduated from the University of Delaware where he majored in Finance and currently lives in Center City Philadelphia. Automotive, Household Appliances, Constructions, Upon moving to PA, she began working at Liberty Property Trust as a Paralegal, transitioning to Director of Due Diligence after 11 years. Alterra Capital Holdings Ltd : Alterra Capital to Release Fourth Quarter 2012 "After several failed attempts with some large national companies, I remembered that Leo spent a lot of time in the Boston area while attending Harvard, so I asked him for some help," Bardonaro told Bisnow in an email. Director of MarketingLeah McVayLeah McVay joined Alterra Property Group in September of 2017. 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. 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. 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. 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. in Finance from Georgetown University. These new transfer points will increase the reach of 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. Our dedicated, in-house team of acquisition, development, construction, leasing, and asset management professionals provide tenants the resources to grow and improve their businesses through site selection, development, and/or sale-leaseback transactions. 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. Coping with Recession in the Ski-Industry: A Suppliers and Consumers Perspective. Journal of Sports Management and Commercialization, January 5, 2016. 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. 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. 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 Management continued to expand rapidly by purchasing assets in West Virginia with Silver Creek and Snowshoe for $40 million in 1995. Tom holds a Bachelors Degree in Accounting from West Chester University and is a Certified Public Accountant for the Commonwealth of Pennsylvania. Director - IOS ConstructionLiam Sullivan Before working at Orbitz, Leo worked as an Associate for the Boston Consulting Group.
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