Associate Transactions & ComplianceLauren Olson VP - Asset ManagementJeff SchaefferJeff oversees all asset management functions for Alterra Property Group. Before Rivian, he completed projects as a project management consultant, most recently as an Associate Director at Turner & Townsend. ControllerLacee Daniel, CPA Last modified January 11, 2018. The company is comprised of a highly qualified team of professionals that handle all Lauren earned her bachelors degree from Arcadia University and currently resides in Philadelphia. From evaluation to execution to management, Alterras competent team of industry experts guide the process quickly and efficiently. Accessed April 17, 2023. https://www.nytimes.com/1998/07/15/business/company-news-intrawest-acquires-sandestin-resorts-for-130-million.html. But Alterra'sacquisition of the sitefor leasing to Maxim led Bardonaro to realize the benefit of focusing more capital expenditure on his company's vehicle fleet. Clydesdale, Greg. Real estate prices are closely tied to interest rates because investors require mortgages and loans. Lacee joined Alterra in September 2018 as a senior accountant working directly with Alterras investment partners. He has been on the Board of Citizen Financial Group from 2006 and on the Audit and Compensation and Human Resources Committees. Last modified March 21, 2023. Accessed April 17, 2023. https://www.hedgeco.net/news/05/2006/pirate-capital-hedge-fund-boosts-stake-in-intrawest.html. PROJECTS BY EMORY UNIVERSITY HISTORY STUDENTS. 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. Prior to joining Alterra, Matt focused on acquisitions on the East Coast for CenterSquare, a real estate private equity firm located in Philadelphia. All Rights Reserved. Alterra Mountain Company. She also has a masters degree from the University of Pennsylvania. 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. "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. 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). Designed by Juggernaut Work. 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. 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. 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). Intrawest Foreclosure a Threat to Olympics. New York Post. He has also held several senior positions with Philadelphia based development groups, including Shift Capital, a mission based Social Impact Fund. Intrawest Resorts Holdings, Inc. Investor Relations. Parker has 12 years of experience in the real estate industry leading strategic business development across several asset classes. In addition to helping him assess the viability of growing the multifamily business, Addimando's exposure to so many other marketsgave him perspective on what is possible and sensible in Philadelphia. Jonhas completed projects working in a range of environments including industrial, manufacturing, hospital, lab expansions and corporate occupier. Mark has a Bachelors degree from the University of Pennsylvania and currently resides outside of Philadelphia with his wife and son. Lauren works closely with all members of the Industrial Outdoor Storage team on transactions, due diligence, compliance, and insurance. 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. Additionally, she is a Notary Public and a licensed Real Estate Salesperson. How Multifamily Developer Alterra Property Group Became A Big The catalyst for Alterra's expansion was when Addimando's friend Frank Bardonaro calledon behalf of his company, Maxim Crane Works. These new transfer points will increase the reach of We understand that we have a responsibility. Holding positions in both Development and Construction, Liam successfully brought to market projects throughout the U.S. and Canada. 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. 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. Alterra Gavin graduated from the University of Delaware where he majored in Finance and currently lives in Center City Philadelphia. Without the same rent growth up here, that equation is very challenged.. Alterra Property Group LLC, of Philadelphia, has reached the final close of its Alterra IOS Venture II LP. Alterra Property Group. MarketScreener: Created by Investors for Investors! Copyright 2010 2022. Alterra focuses on acquiring low density, supply chain and infrastructure real estate in core infill locations. Granito, Alison. 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. 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). Matt oversees all investment and asset management activity for Alterra. Liam works as Senior Development Manager focusing on Mixed Use and Industrial projects. Mark was born and raised in the Philadelphia area and currently resides in South Jersey with his wife and three children. Co-owner and developer, bringing Canada's first Ace Hotel to the city. Our dedicated staff of industry experts strive to provide the highest level of management services for residential, retail and commercial properties. Necessity is the mother of invention," Addimando said. 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. Feb 1, 2021 A year after establishing a venture with JPMorgan Chase & Co., Alterra Property Group has deployed $250 million of $300 million to buy industrial in Finance from Georgetown University. Jim graduated with a BS from Penn State University and a JD from Washington & Lee School of Law. 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. Alterras value creation and capital reinvestment efforts surround three primary facets the customers, employees, and environment to create a better mountain experience. Save my name, email, and website in this browser for the next time I comment. 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. Email. Martin Lipton, the founding partner of Wachtell, Lipton, Rosen, & Katz, a global law firm specializing in mergers and acquisitions and corporate governance, noted in a Harvard Law School publication that no company should consider itself immune from activism. IOS AnalystSean ChristmanSean focuses on acquisition opportunities and asset management functions at Alterra Property Group. 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. He received a Bachelor of Arts degree in economics from Brown University. April 29, 2023. https://www.hotel-online.com/News/PR2004_4th/Oct04_IntrawestMarket.html. Number. Subscribe to Bisnow's Philadelphia Newsletters. Just hit yes and continue on your way. He led all leasing, asset management and development for both the industrial and office portfolio. WebCompany profile page for Alterra Mountain Co including stock price, company news, press releases, executives, board members, and contact information With smaller transactions that average between $5-20MM With the looming collapse, Intrawest entered into a restructuring plan on April 28, 2010 to refinance $1.2 billion of loans. Harvard Law School Forum on Corporate Governance, September 2, 2022. However, in a 2016 study, Professors Marijke Taks and Jona Ragoen found that ski participation in recessions broadly declines. 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. VP IndustrialMatt McNutt Bill Jensen stepped away from the CEO role in 2014 for personal reasons. WebEvery homeowner becomes a member of the Alterra family, a legacy going on 50 years. Last modified April 10, 2017. Liam joined Alterra to bolster the strengths and add experience to the Development Team. Over the course of his career, Mark has successfully managed the design and construction of various building product types ranging from highly sophisticated healthcare facilities, historic preservation/adaptive reuse buildings, higher ed/K-12 institutions, office space, and multi-family/mixed used developments with an aggregate volume valued in the billions . Illustrations are artists depictions only, are not neccessarily to scale and may differ from completed improvements, and scenes may include locations or activities not on or near the property. Jensen previously served as president of Vail Resorts Mountain Division. 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. 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. Applications, Sports, Toll Compounding, Product Development, The Denver Post. Liam is a graduate of Stony Brook University with a BS in Economics. DIRECTOR - IOS DEVELOPMENTJon Cordingley Thank you for your message. Alterra Holdings Currently, Gillian lives in Philadelphia with her fianc-to-be and two lovely cats. Parker resides in downtown Chicago with his wife and two children. This positive influence will continue as private equitys role in the industry grows. A vertically integrated real estate company focused on deploying institutional discretionary capital to acquire and develop Industrial Outdoor Storage (IOS) throughout the United States. Chief Financial OfficerThomas Baker, CPA Lauren works closely with all members of the Industrial Outdoor Storage team on transactions, due diligence, compliance, and insurance. Pirates, Private Equity, and Plows: The 40-Year Journey Alterra Property Group Designed by Juggernaut Work. Lacee holds a Masters in Accounting from the University of Maryland-College Park and an undergraduate degree in accounting from the College of Charleston. Prior to joining Alterra, Chelsea was a Lease Management Analyst within the accounting department at Gopuff, a Philadelphia based startup. "Were evaluating development opportunities in other markets right now, taking the modular development approach weve honed in Philadelphia. 7rscampoli@marketcompr.com, Australian 7-Eleven franchise puts 700-store chain up for sale, UPDATE 1-Sudan conflict shows no sign of easing, Sudanese brace for more violence, Saudi's United Electronics Co shelves plans for Egypt expansion, Alibaba's Jack Ma turns up in Japan as college professor, Japan's Nikkei crosses 29,000 as yen weakens on BOJ's dovish stance. Alterra Capital Holdings Ltd : Alterra Capital to Release Fourth Quarter 2012 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. Alterra Developments Official Website I know where to be pushing rentsand where concessions are needed" across Alterra's properties, he said. After Turner, Mark worked 7 years at one of Philadelphias preeminent professional project management/real estate services company, Aegis Property Group. Click or Tap Here. Upon moving to PA, she began working at Liberty Property Trust as a Paralegal, transitioning to Director of Due Diligence after 11 years. Charlie focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. in Economics and Political Science from the University of Michigan, Ann Arbor. Stratton was a four-season resort, making it a lucrative investment for Intrawest beyond the ski season. We're not asking for your money. 2022 Alterra Holdings. She worked on licensing and regulatory matters for 400+ properties throughout the United States. ET:A previous version of this article misstated the nature of its first deal with Maxim, what year Alterra acquired Maxim's portfolio of industrial outdoor storage properties and the total value of its most recent fund. No company is too large, too new, or too successful. For Intrawest, management was metaphorically infected by the 18% stake Thomas Hudson Jr. and his activist hedge fund Pirate Capital owned in 2006. "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. Alterra Property Group 2013. 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. Previously, he spent time in several asset management roles at Resource Real Estate, a multibillion-dollar series of privately held real estate funds, primarily focused on multifamily asset transformation through value-add redevelopment efforts. Management continued to expand rapidly by purchasing assets in West Virginia with Silver Creek and Snowshoe for $40 million in 1995. 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. These investments reflected broader positive trends in the real estate market during the 1990s driven by the 5-percent decline in the Federal Funds Rate from 1990 to 1993.
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