Lease Administrator Chelsea HolberChelsea joined Alterra in April 2023 as a Lease Administrator within the IOS 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 . 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 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. Co-Founding Partner & General CounselJeff PustizziJeff is a Partner, General Counsel and Co-Founder of Alterra Property Group. Leah is a graduate of Temple University with a Bachelors degree in Communications. Accessed April 18, 2023. https://nypost.com/2010/01/20/intrawest-foreclosure-a-threat-to-olympics/. 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. 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. Clausing, Jeri. 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. Over $5 billion in real estate transactions. Gavin graduated from the University of Delaware where he majored in Finance and currently lives in Center City Philadelphia. We are grateful for the opportunity to work with Alterra on this capital raise, said Park Madison Partners Rob Kohn. Matt has an MBA from the Wharton School of the University of Pennsylvania and a B.S. 416.964.1800 Alterra focuses on acquiring low density, supply chain and infrastructure real estate in core infill locations. 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. 2013. VP IndustrialMatt McNuttMattfocuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outside Storage platform. VP - IndustrialMark Gannon 2013. Leah McVay joined Alterra Property Group in September of 2017. This positive influence will continue as private equitys role in the industry grows. Liam works as Senior Development Manager focusing on Mixed Use and Industrial projects. Fortress missed a $524 million interest payment on the companys debt in early 2010. They often pressure management teams into making quick and decisive business decisions, such as laying off employees or selling core business units. in Finance from Villanova University, and a law degree from the Villanova School of Law. She worked on licensing and regulatory matters for 400+ properties throughout the United States. VP - IndustrialMark GannonMark focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. Charlie is a 2010 graduate of Georgetown University and he currently resides in Pittsburgh with his wife and son. September 8, 2016. 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. agnes hill asheville school; lake buckhorn georgia rules; escambia county school registration; andrew davidson saskatoon; laura leigh we re the millers; Close Menu. 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. Accessed April 16, 2023. https://scholar.uwindsor.ca/humankineticspub/40. Matt and his wife have two children and reside outside of Philadelphia. Tom holds a Bachelors Degree in Accounting from West Chester University and is a Certified Public Accountant for the Commonwealth of Pennsylvania. Liberty was acquired by Prolog is in February, 2020 for $13B. 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. Previously, Greg was a Sup ervisor, Maintenance at American Management and also held positions at WinnCompanies, Village Green Companies. 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. [email protected], 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. Liam is a graduate of Stony Brook University with a BS in Economics. 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. 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 Intrawest Company Profile, 2023. Director of MarketingLeah McVay Parker has 12 years of experience in the real estate industry leading strategic business development across several asset classes. The company was now led by CEO Bill Jensen, who succeeded Joe Houssian, Intrawests founder, in 2008. Chelsea holds her Bachelors of Business Administration in Marketing from the University of Pittsburgh. Mattfocuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outside Storage platform. New Owner Will Change Snowshoe. The Roanoke Times, October 2, 1995. 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. Designed by Juggernaut Work. Copyright 2023 Surperformance. Liam joined Alterra to bolster the strengths and add experience to the Development Team. Akesson, Alex. Lauren earned her bachelors degree from Arcadia University and currently resides in Philadelphia. [email protected]), which is being used by 60.6% of Alterra Property Group LLC work email addresses. His clients include Tesla, Rolls-Royce, Chevron, and ExxonMobil Global Real Estate, among others. Eventually, Intrawest expanded into the U.S. in 1994 by acquiring Stratton Mountain in Vermont. Plenty of commercial real estate companies operate in multiple asset classes, but few have a portfolio like Alterra Property Group. 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. Electrical and Electronics, Industrial In addition, he is responsible for raising and structuring equity and debt for Alterras ongoing business initiatives. Before Rivian, he completed projects as a project management consultant, most recently as an Associate Director at Turner & Townsend. 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. In March, Alterrasold a 250K SF building in West Philly, one of the largest modular apartment projects in the country, for $88M. Improvements, facilities and programs are in formative stages. This community is located in the southern section of Chino Hills, off the Soquel Canyon Road exit of the 71 Freeway. 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. Senior Fund AccountantRory OConnor Alterra Wynwood Liam lives in Philadelphia with his Wife and two Mutts. 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. Lacee holds a Masters in Accounting from the University of Maryland-College Park and an undergraduate degree in accounting from the College of Charleston. Mark was born and raised in the Philadelphia area and currently resides in South Jersey with his wife and three children. She also has a masters degree from the University of Pennsylvania. Dealing with Activist Hedge Funds and Other Activist Investors. Web log. 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. IOS AnalystSean ChristmanSean focuses on acquisition opportunities and asset management functions at Alterra Property Group. Maximizing Value in the Real Estate Private Equity Space: Expansion, Competition, and Alliance. The Journal of Private Equity, vol. Holding positions in both Development and Construction, Liam successfully brought to market projects throughout the U.S. and Canada. Applications, Sports, Toll Compounding, Product Development, 700+ years "So we started searching for data on how big the market was and tried to create an investment thesis for it.. Intrawest Resort Holdings, Inc. Form S-1 2016. In 1986, U.S. billionaire Marvin Davis wanted to sell off 20th Century Foxs skiing assets, specifically Blackcomb Skiing Enterprises, the owner and operator of Blackcomb Mountain in Whistler. Last modified January 31, 2014. Leah is a graduate of Temple University with a Bachelors degree in Communications. towards a paywall. We want to take 15 seconds to tell you what's going on: Sound good? 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. Charlie focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. 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. Reporters for Travel Weekly noted that this hire demonstrated a pivot for Intrawest from a real estate development company to a ski resort operator. Municipalities arent creating more outdoor storage, but every MSA needs it for its supply chain infrastructure.. For more information, please visit AlterraProperty.com. 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. 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. Stratton was a four-season resort, making it a lucrative investment for Intrawest beyond the ski season. Intrawest Announces Restructuring of Debt. Summit Daily. She is a licensed Certified Public Accountant for the State of Pennsylvania and a member of the AICPA and PICPA. 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. VP - Asset ManagementJeff Schaeffer Before working at Orbitz, Leo worked as an Associate for the Boston Consulting Group. 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. Associate - Asset ManagementGillian ZhaoGillian 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. 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. Before Rivian, he completed projects as a project management consultant, most recently as an Associate Director at Turner & Townsend. After Turner, Mark worked 7 years at one of Philadelphias preeminent professional project management/real estate services company, Aegis Property Group. 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. 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. 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. 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. 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. 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 . Mattattended Arizona State with a degree in Business Administration Marketing. Accessed April 17, 2023. https://www.bamsec.com/filing/114036116084750?cik=1587755. 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. As a leading Canadian real estate developer, Joe Houssian was introduced to Davis despite his complete unfamiliarity with the ski industry. Throughout his career he has traveled extensively, leading millions of square feet of projects from inception to completion in 24 different states. She remained at Liberty until February 2020 when it was acquired by Prologis. 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. January 20, 2010. 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. All Rights Reserved. (657) 247-2600 He has 17 years of experience in the real estate industry, including 12 exclusively in the IOS sector. DIRECTOR - IOS DEVELOPMENTJon CordingleyJonCordingleyjoined Alterra in 2022 as Director of Development, supporting the companys industrial outdoor storage portfolio with over 14 years of experience. Previously, she worked in leasing and property management at PMC Property Group. 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. By mid-March, thefund had closed after raising $524M, wellabove its goal of $400M. January 31, 2014. 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. 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. Creating award-winning Mad River Glen: Are they actually Mad? She worked on licensing and regulatory matters for 400+ properties throughout the United States. Carolyn earned her BA in Psychology and Sociology from the University of Michigan and has a Paralegal Certificate. SEC EDGAR website. Intrawest fit all the qualifications from the team at Harvard Law; they were large with over 24,000 employees and successful after booking $1.7 billion in revenue for 2005. Bloomberg News. WebFree access to listings of Alterra Homes. Park Madison Partners served as the exclusive placement agent. WebLearn about Alterra Home Loans Chino, CA office. Venture II was oversubscribed, closing $524MM of total commitments, exceeding the original fundraising goal of $400MM. It was not for another decade that the firm became interested in the ski industry. April 29, 2023. https://www.hotel-online.com/News/PR2004_4th/Oct04_IntrawestMarket.html. He holds a B.S. 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. By December 2019, Alterra had formed a $300M joint venture backed by JPMorgan Chase to acquire IOS properties. Prior to Exeter, Mark was an Assistant Vice President at AEW Capital Management, focused on East Coast acquisition opportunities. "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. Supply of IOS is constrained for a few reasons," said Matt Pfeiffer, Addimando's fellow managing partner who runs the day-to-day operations of the IOS business. 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. Co-Founding Partner & General CounselJeff Pustizzi "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. ABOUT ALTERRA PROPERTY GROUP Alterra Property Group, LLC (Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. He has 9 years of experience in the real estate industry. The Song Was Stuck on Repeat for Intrawest. He has also held several senior positions with Philadelphia based development groups, including Shift Capital, a mission based Social Impact Fund. Currently, Gillian lives in Philadelphia with her fianc-to-be and two lovely cats. 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 Alterra currently manages 2000+ upscale residential apartments under our residential management division APG Living. Accessed April 17, 2023. www.pitchbook.com. Intrawest Resort Holdings, Inc. Intrawest Sets Its Sites on Global Leisure and Travel Market; Crosses $1.5 Billion Revenue Milestone. Hotel Online, October 20, 2004. After Turner, Mark worked 7 years at one of Philadelphias preeminent professional project management/real estate services company, Aegis Property Group. "When you try to scale in a different asset class nationally, its almost like youre starting over, with different capital providers, different people doing deals.. Copyright 2010 2022. 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 currently resides in South Philadelphia. WebEvery homeowner becomes a member of the Alterra family, a legacy going on 50 years. There was an error trying to send your message. For more information, please visit ParkMadisonPartners.com, Rosalia Scampoli (212) 537-5177, Ext. [last] (ex. Harvard Law School Forum on Corporate Governance, September 2, 2022. 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. Associate Transactions & ComplianceLauren Olson ControllerLacee Daniel, CPALacee joined Alterra in September 2018 as a senior accountant working directly with Alterras investment partners. 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. Daniel Jarvis, previously CFO of Intrawest, led this new group. Parker received a Bachelors of Arts in Accounting and Entrepreneurship from Miami University in Oxford, OH. Most recently Carolyn worked at Capano Management Company as a Paralegal and Lease Negotiator. Intrawest found a niche in the Canadian ski market as it was less developed than the U.S. in the 1980s and 90s. 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. Mattcurrently resides in La Jolla, CA with his wife, daughter and son. and striving to provide real estate solutions to tenants. Alterra Capital Holdings Ltd : Alterra Capital Announces $0.16 Dividend and $100 Million S.. Intrawest continued to face bleak prospects as it missed further interest payment in December 2009. In 2018, Alterra acquired 17 properties from Maxim across 12 cities in a sale-leaseback deal at the portfolio level. 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. Currently, Gillian lives in Philadelphia with her fianc-to-be and two lovely cats. Designed by Juggernaut Work. 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. Lauren earned her bachelors degree from Arcadia University and currently resides in Philadelphia. Prior to joining Alterra, Rory was the Corporate and Fund Accountant for Rubenstein Partners L.P. working on the corporate entities and funds. By 2013, the economy was rebounding from the Great Financial Crisis suggesting that the valuation drop was specific to Intrawest. Formerly at Fischer & Company, he spent his time working on all facets of strategic portfolio management and planning for numerous Fortune 500 companies through periods of both rapid network expansion and contraction. 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. 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. Be among those in the know about everything Alterra. WebAlterra Wynwood is an assisted living residence that is purposefully designed to meet the needs of the frail elderly in a comfortable, home-like environment.
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