Mark has a Bachelors degree from the University of Pennsylvania and currently resides outside of Philadelphia with his wife and son. 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. "Clearly, they not only succeeded in Boston, but ultimately handled projects for us on a coast-to-coast basis.". 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. in Finance from Georgetown University. He led all leasing, asset management and development for both the industrial and office portfolio. jane.doe@alterraproperty.com), which is being used by 60.6% of Alterra Property Group LLC work email addresses. It was not for another decade that the firm became interested in the ski industry. You are subscribed to the Bisnow Philadelphia Newsletter. Liam joined Alterra to bolster the strengths and add experience to the Development Team. Clausing, Jeri. He and his Partners are responsible for forming and implementing investment strategies across the company. "Yeah, but its five hours that I shouldnt have been spending there to begin with.. 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. Gavin graduated from the University of Delaware where he majored in Finance and currently lives in Center City Philadelphia. Please try again later. Test Request, Prototype short run, Alterra Holdings has developed multiple Straw formulations that are marine Matt has been involved with over $1 billion of transactions during his time at Alterra. Alterras value creation and capital reinvestment efforts surround three primary facets the customers, employees, and environment to create a better mountain experience. Clydesdale, Greg. Leah is experienced in implementing innovative systems and creative strategies resulting in established brand identity, enhanced customer engagement, and lead generation. 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. Prior to joining Alterra, Lauren worked at StoneMor, Inc., which she joined in 2017. The primary question for avid skiers and community residents is whether these financial investors have good intentions. WebLearn about Alterra Home Loans Chino, CA office. VP - Industrial TransactionsCarolyn Barr He has 17 years of experience in the real estate industry, including 12 exclusively in the IOS sector. Rory is from Haverford, PA and currently resides in Philadelphia with his wife. Limited partners in the fund included a wide mix of public and private pensions, endowment and foundations, asset managers, family offices, and high net worth individuals. Jeff received an MBA and a B.A. 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. Chelsea holds her Bachelors of Business Administration in Marketing from the University of Pittsburgh. Rory is a graduate from Temple University with a Bachelors Degree in Accounting. "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. The Philadelphia-based company, founded by managing partner and CEO Leo Addimando, had over a decade of experience developing multifamily buildings exclusively in Philadelphia when it entered the realm of industrial outdoor storage in 2016. After Turner Construction, Liam joined URBN, the publicly traded parent company of Urban Outfitters, Anthropologie, Free People, and Terrain. Additionally, she is a Notary Public and a licensed Real Estate Salesperson. This is not a step Tom Baker joined Alterra Property Group in May of 2017. Parker received a Bachelors of Arts in Accounting and Entrepreneurship from Miami University in Oxford, OH. Parker received a Bachelors of Arts in Accounting and Entrepreneurship from Miami University in Oxford, OH. Chief Financial OfficerThomas Baker, CPATom Baker joined Alterra Property Group in May of 2017. He began his career in real estate at Blackstone (2007-2012). atollpg Mark was born and raised in the Philadelphia area and currently resides in South Jersey with his wife and three children. Coping with Recession in the Ski-Industry: A Suppliers and Consumers Perspective. Journal of Sports Management and Commercialization, January 5, 2016. The companys industrial outdoor storage platform focuses on acquiring and developing industrial sites throughout the United States. 700+ years Despite these positive developments, Intrawests stock struggled to reflect the true value of the firm on the public market. Mr. Hankowsky currently serves on the boards of Citizens Financial Group Inc. (NYSE: CFG), the Greater Philadelphia Chamber of Commerce, Delaware River Waterfront Corporation, Philadelphia Convention and Visitors Bureau, Philadelphia Shipyard Development Corporation, Pennsylvania Academy of Fine Arts. The Roanoke Times commented in 1995 that Intrawest has averaged 25 percent annual growth in skier visits. 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 End-of-day quote Nasdaq Last modified January 21, 2008. Alterra Property Group developed one of the largest multifamily buildings in the U.S. in West Philly, selling it for $88M earlier this year. Mattfocuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outside Storage platform. We need you to be ok with our use of information like your general location or reading habits to personalize your experience, so we can suggest the right stories to read or events for you to attend. VP - IndustrialMark Gannon WebAlterra Property Group B07 Matt oversees all investment and asset management activity for Alterra. 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. The prices, plans, amenities, availability, and improvements shown are subject to change without notice. Alterra Property Group LLC - Company Profile and News I know where to be pushing rentsand where concessions are needed" across Alterra's properties, he said. Additionally, Liam is a credentialed LEED AP through the USGBC. Senior Advisor - Industrial Outdoor StorageWilliam P. HankowskyWilliam P. Hankowsky was Chairman, President, and Chief Executive Officer of Liberty Property Trust, until February, 2020. They often pressure management teams into making quick and decisive business decisions, such as laying off employees or selling core business units. in Economics and Political Science from the University of Michigan, Ann Arbor. This community is located in the southern section of Chino Hills, off the Soquel Canyon Road exit of the 71 Freeway. As the analysis proves, private equity played a catalytic role in the development of Alterra and while there were serious setbacks and periods of distress, the overall impact was positive on both the company and industry as a whole. Whereas private equity firms are mandated to generate returns by buying private companies, hedge funds have a wider scope to trade any publicly listed or privately held security. Founded on November 23, 1979 by Joe Houssian, Intrawest began as a Canadian real estate development company constructing single-family homes and apartments across British Columbia. 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. 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. Gavin focuses on acquisition opportunities and asset management functions at Alterra Property Group. Modelling the Wider Effects of Ski Lift Investments. Empirical Economics (February 27, 2019): 259274. 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. The rendering above shows Alterra Property Group and JRKP Architects' proposed six-story project at 4200 Market Street in West Philadelphia. Alterra focuses on acquiring low density, supply chain and infrastructure real estate in core infill locations. info@alterra.com. Taks, Marijke and Ragoen, Jona. In 2013, Intrawest filed with the SEC on November 12 to become a publicly-traded company under the ticker SNOW. 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. 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. VP - Asset ManagementJeff Schaeffer Six months later, it secured a $100M credit facility with Morgan Stanley for the same purpose. We want to take 15 seconds to tell you what's going on: Sound good? Charlie focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. Lauren works closely with all members of the Industrial Outdoor Storage team on transactions, due diligence, compliance, and insurance. 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. VP IndustrialMatt McNutt A vertically integrated real estate company focused on deploying institutional discretionary capital to acquire and develop Industrial Outdoor Storage (IOS) throughout the United States. Alterra Developments Official Website VP - Asset ManagementJeff SchaefferJeff oversees all asset management functions for Alterra Property Group. Daniel Jarvis, previously CFO of Intrawest, led this new group. Prior to joining Alterra, Rory was the Corporate and Fund Accountant for Rubenstein Partners L.P. working on the corporate entities and funds. This included leasing, disposing of, and acquiring millions of square feet of real estate projects from inception to completion as well as developing strategic planning within their real estate, finance, and executive levels. Carolyn earned her BA in Psychology and Sociology from the University of Michigan and has a Paralegal Certificate. All Rights Reserved. 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 CAPITAL HOLDINGS LTD : Stock Price 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. Alterra By mid-March, thefund had closed after raising $524M, wellabove its goal of $400M. 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). Houssian negotiated a $3.7 million deal for 50 percent of Blackcomb Skiing Enterprises with an option to purchase the remaining 50 percent in five years for $5.8 million. After Turner Construction, Liam joined URBN, the publicly traded parent company of Urban Outfitters, Anthropologie, Free People, and Terrain. Jeff received an MBA and a B.A. Parker spent his time working on optimizing terminal locations across the country. 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). 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. Associate - Acquisitions & Asset ManagementGavin Weaver Tom holds a Bachelors Degree in Accounting from West Chester University and is a Certified Public Accountant for the Commonwealth of Pennsylvania. 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. And, over the next three years, Intrawest grew revenue to $570 million before ultimately garnering new interest from private equity investors. 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 Finance with a concentration in Real Estate from the Pennsylvania State University. At the time, it managed over $30 billion. Park Madison Partners acted as the funds exclusive placement agent. Director - IOS ConstructionLiam SullivanLiam works as Senior Development Manager focusing on Mixed Use and Industrial projects. Managing PartnerMatthew Pfeiffer 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. 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 Intrawests stock traded around $33 per share; however, Pirate Capital publicly stated that they valued the stock at $45 per share and pressured management to undergo a strategic review. 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. She also has a masters degree from the University of Pennsylvania. "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. 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. Accessed April 17, 2023. https://www.hedgeco.net/news/05/2006/pirate-capital-hedge-fund-boosts-stake-in-intrawest.html. 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. Leo Addimando is a Managing Partner and Co-Founder of Alterra Property Group, LLC (Alterra). The incredible investor support for this fund is a testament to both the market opportunity within IOS and to investors confidence in the Alterra team as fiduciaries.. Alterra Holdings
