document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. 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. This investment fundamentally shifted the strategic focus of Intrawest and the development of the ski industry at large. 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. Alterras real estate platform is strategically focused on our two core competencies of residential/mixed-use development ( APG Living ), and industrial outdoor storage ( IOS ). Parker has 12 years of experience in the real estate industry leading strategic business development across several asset classes. In developingand managing properties hyperlocally like were doing in Philadelphia and Greater Center City, you can take for granted that you know the local laws and players," Addimando toldBisnow. 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. Gavin graduated from the University of Delaware where he majored in Finance and currently lives in Center City Philadelphia. Stratton was a four-season resort, making it a lucrative investment for Intrawest beyond the ski season. Most recently Carolyn worked at Capano Management Company as a Paralegal and Lease Negotiator. Moving to the Mountain: Aspens Dominance in Public Transportation. Previously, Gavin worked at HFF in Philadelphia on the debt and equity placement team. Currently, Gillian lives in Philadelphia with her fianc-to-be and two lovely cats. This is not a step Alterra Property Group developed one of the largest multifamily buildings in the U.S. in West Philly, selling it for $88M earlier this year. We need additional data to finish your registration. Carolyns legal/real estate career began at law firms in Kalamazoo, MI (Legal Secretary) and then Atlanta, GA (Paralegal). DIRECTOR - IOS DEVELOPMENTJon Cordingley Matt has been involved with over $1 billion of transactions during his time at Alterra. Venture II is a continuation of Alterras Industrial Outside Storage (IOS) investment strategy launched in 2016. 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. She brings to Alterra a strong understanding of real estate marketing, sales leadership, and team development. 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. Carolyn earned her BA in Psychology and Sociology from the University of Michigan and has a Paralegal Certificate. 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. 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. These new transfer points will increase the reach of Alterra Property Group, LLC (Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. 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. Alterra Property Group, LLC (Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. Pitchbook. "He quickly responded, put us with some local contacts and we had multiple options within a month.". Additionally, Liam is a credentialed LEED AP through the USGBC. Akesson, Alex. SVP- IndustrialCharlie TottenCharlie focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. 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. He has been on the Board of Citizen Financial Group from 2006 and on the Audit and Compensation and Human Resources Committees. Rory is a graduate from Temple University with a Bachelors Degree in Accounting. But Alterra's multifamily business didn't just tread water. Fortress is a private equity firm that invests in businesses with strong asset bases and cash flows, such as real estate. 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. in Finance with a concentration in Real Estate from the Pennsylvania State University. WebAlterra Property Group Real Estate Philadelphia, Pennsylvania 2,929 followers Real Estate Investment, Development, and Management. 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. WebLearn about Alterra Home Loans Chino, CA office. Every homeowner becomes a member of the Alterra family, a legacy going on 50 years. Currently, Gillian lives in Philadelphia with her fianc-to-be and two lovely cats. Prior to joining Alterra, Chelsea was a Lease Management Analyst within the accounting department at Gopuff, a Philadelphia based startup. All rights reserved. SVP- IndustrialCharlie Totten Alterra has closed over $1.5B of real estate transactions. Read More . 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. Thank you for your message. jane.doe@alterraproperty.com), which is being used by 60.6% of Alterra Property Group LLC work email addresses. 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). Alterra focuses on acquiring low density, supply chain and infrastructure real estate in core infill locations. Matt oversees all investment and asset management activity for Alterra. Jensen Hire Means a Sharper Focus on Hotel Ski Business for Intrawest. Travel Weekly. Intrawest Company Profile, 2023. Search jobs. Associate Transactions & ComplianceLauren Olson In the IOS space, we believe there is no substitute for experience, and our teams track record speaks for itself with more than 150 successful transactions, across 30+ states, and counting. She is responsible for managing the overall marketing strategy for the residential portfolio to include digital marketing/ advertising, social media, and product launch. He also holds a LEED AP designation under the USGBC. 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. SVP- Development & ConstructionMark Cartella For example, within the first season of owning Stratton, four high-speed chairlifts were installed, improving the skier experience. He was formerly the head of real estate for an international transportation and logistics company. 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. Over the course of x years, Alterra has acquired, developed and managed more than x mixed use properties. Managing PartnerMatthew Pfeiffer Alterra Property Group | LinkedIn Accessed April 26, 2023. https://www.reuters.com/article/us-intrawestresorts-ipo-idUSBREA0U1EM20140131. 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. 2022 Alterra Holdings. Alterras real estate platform is strategically focused on our two core competencies ofresidential/mixed-usedevelopment (APG Living), andindustrial outdoor storage (IOS). Matt has an MBA from the Wharton School of the University of Pennsylvania and a B.S. She is a licensed Certified Public Accountant for the State of Pennsylvania and a member of the AICPA and PICPA. Originally from Baltimore, Lacee currently resides in the East Passyunk area of Philadelphia. Automotive, Household Appliances, Constructions, At this time, Fortress had owned Intrawest for seven long years. 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. Alterra Property Group He began his career in real estate at Blackstone (2007-2012). Travel Weekly, January 21, 2008. Clydesdale, Greg. He is a board member and recent past President of the Building Industry Association (BIA) of Philadelphia, an Advisory Board member for the Port of Philadelphia, and a member of YPO. Parker focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. The 2007-2008 Financial Crisis: An Avalanche Smashes the Ski Industry. (657) 247-2600 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. [last] (ex. Last modified December 5, 2008. VP - IndustrialMark GannonMark focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. Upon moving to PA, she began working at Liberty Property Trust as a Paralegal, transitioning to Director of Due Diligence after 11 years. Last modified August 11, 2006. 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. She currently resides in South Philadelphia with her fianc and their dog. and striving to provide real estate solutions to tenants. I know where to be pushing rentsand where concessions are needed" across Alterra's properties, he said. Accessed April 16, 2023. https://scholar.uwindsor.ca/humankineticspub/40. Pirates, Private Equity, and Plows: The 40-Year Journey Sean graduated from Boston University where he majored in Finance and was a member of the mens lacrosse team. 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. 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. "Yeah, but its five hours that I shouldnt have been spending there to begin with.. Liam joined Alterra to bolster the strengths and add experience to the Development Team. in Finance from Villanova University, and a law degree from the Villanova School of Law. After Turner Construction, Liam joined URBN, the publicly traded parent company of Urban Outfitters, Anthropologie, Free People, and Terrain. As a result of the combination, Alterra, with the support of investors, has launched significant capital investment programs. 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. Leah is experienced in implementing innovative systems and creative strategies resulting in established brand identity, enhanced customer engagement, and lead generation. Additionally, she is a Notary Public and a licensed Real Estate Salesperson. Rory also worked at EY in the Wealth and Asset Management Assurance group,working on mutual fund, hedge fund, private equity fund audits and accounting systemtransitions. Prior to joining Alterra, 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. The company was now led by CEO Bill Jensen, who succeeded Joe Houssian, Intrawests founder, in 2008. Jonhas completed projects working in a range of environments including industrial, manufacturing, hospital, lab expansions and corporate occupier. 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. Additionally, Liam is a credentialed LEED AP through the USGBC. 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. As a leading Canadian real estate developer, Joe Houssian was introduced to Davis despite his complete unfamiliarity with the ski industry. 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. Your email address will not be published. Matt and his wife have two children and reside outside of Philadelphia. In addition, he is responsible for raising and structuring equity and debt for Alterras ongoing business initiatives. 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. Park Madison Partners served as the exclusive placement agent. WebThe Alterra IOS team brings an institutional comprehension of the municipal, environmental, and logistical complexities in acquiring, leasing, and occupying mission-critical real Other common Alterra Property Group LLC email patterns are [first] (ex. 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. She also has a masters degree from the University of Pennsylvania. 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. 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. End-of-day quote Nasdaq Mark was born and raised in the Philadelphia area and currently resides in South Jersey with his wife and three children. Mad River Glen: Are they actually Mad? CORRECTION, APRIL 14, 10:15 A.M. Liam is a graduate of Stony Brook University with a BS in Economics. WebMasar Group. Before working at Orbitz, Leo worked as an Associate for the Boston Consulting Group. 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. 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. Jeff received an MBA and a B.A. 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. 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. 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. From evaluation to execution to management, Alterras competent team of industry experts guide the process quickly and efficiently. Alterra Property Group Mattfocuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outside Storage platform. All Rights Reserved. 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. FEDERAL CAPITAL PARTNERS, CROSS PROPERTIES Accessed April 17, 2023. https://www.nytimes.com/1998/07/15/business/company-news-intrawest-acquires-sandestin-resorts-for-130-million.html. 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. 7 2022. alterra property group stockhtml5 interactive animation. He has 17 years of experience in the real estate industry, including 12 exclusively in the IOS sector. Accessed April 26, 2023. https://www.travelweekly.com/Travel-News/Hotel-News/Jensen-hire-means-a-sharper-focus-on-hotel-ski-business-for-Intrawest. Dealing with Activist Hedge Funds and Other Activist Investors. Web log. And, over the next three years, Intrawest grew revenue to $570 million before ultimately garnering new interest from private equity investors. Alterra Property Group Miller, Scott N. Layoffs, Cutbacks Hit Vail Resorts. The Aspen Times. 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. 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. Thus, Fortress likely needed to sell some, or all, of its stake in Intrawest. 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. Lease Administrator Chelsea Holber Mattattended Arizona State with a degree in Business Administration Marketing. April 29, 2023. https://www.hotel-online.com/News/PR2004_4th/Oct04_IntrawestMarket.html. Web2950 Airway Avenue, Suite A9 Costa Mesa, CA 92626. She is responsible for managing the overall marketing strategy for the residential portfolio to include digital marketing/ advertising, social media, and product launch. Alterra Property Group 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. Alterra Mountain Company. 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. In 2013, Intrawest filed with the SEC on November 12 to become a publicly-traded company under the ticker SNOW. He lives in the greater Atlanta area with his wife. However, in a 2016 study, Professors Marijke Taks and Jona Ragoen found that ski participation in recessions broadly declines. 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. Falk, Martin, and Laurent Vanat. She brings to Alterra a strong understanding of real estate marketing, sales leadership, and team development. Jeff is a Partner, General Counsel and Co-Founder of Alterra Property Group. The constant shifts, setbacks, and advancements over the last 40 years for Alterra demonstrate the greater resiliency of the ski industry. He led all leasing, asset management and development for both the industrial and office portfolio. Our dedicated staff of industry experts strive to provide the highest level of management services for residential, retail and commercial properties. Parker resides in downtown Chicago with his wife and two children. Enter your email below. Co-Founder & Managing PartnerLeo Addimando 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. All Rights Reserved. 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. VP - Industrial TransactionsCarolyn Barr Mattattended Arizona State with a degree in Business Administration Marketing. Alterra Mountain Company Plans to Invest Nearly Half a Billion Dollars in Transformational Changes in the Year Ahead. Alterra Mountain Company. Matt played an integral part in the formation of Alterras Industrial Outdoor Storage platform and oversees the day-to-day acquisitions and asset management initiatives of that platform.
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