Leo has an MBA from the Harvard Business School (HBS) and a B.A. William P. Hankowsky was Chairman, President, and Chief Executive Officer of Liberty Property Trust, until February, 2020. Alterra Property Group, LLC (Alterra) is an institutional real estate investment, development and management company focusing on industrial outdoor storage and multi-family/mixed-use developments. 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. Every major city in the country needs IOS real estate to support its infrastructure, logistics, and transportation industries. Accessed April 17, 2023. https://www.perenews.com/fortress-buys-intrawest-for-2-8bn/. Prior to joining Alterra, Chelsea was a Lease Management Analyst within the accounting department at Gopuff, a Philadelphia based startup. 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. He and his Partners are responsible for forming and implementing investment strategies across the company. Alterras value creation and capital reinvestment efforts surround three primary facets the customers, employees, and environment to create a better mountain experience. 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. Over $5 billion in real estate transactions. SEC EDGAR website. 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. As a result of the combination, Alterra, with the support of investors, has launched significant capital investment programs. Liam joined Alterra to bolster the strengths and add experience to the Development Team. Dimri, Neha. After Turner, Mark worked 7 years at one of Philadelphias preeminent professional project management/real estate services company, Aegis Property Group. New Owner Will Change Snowshoe. The Roanoke Times, October 2, 1995. 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. Jim graduated with a BS from Penn State University and a JD from Washington & Lee School of Law. 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. The Denver Post. After Turner, Mark worked 7 years at one of Philadelphias preeminent professional project management/real estate services company, Aegis Property Group. PR. SVP- Development & ConstructionMark Cartella He has 9 years of experience in the real estate industry. The constant shifts, setbacks, and advancements over the last 40 years for Alterra demonstrate the greater resiliency of the ski industry. She currently resides in South Philadelphia with her fianc and their dog. Alterra Capital Holdings Ltd : Alterra Capital to Release Fourth Quarter 2012 APG IOS is Alterras industrial real estate platform dedicated to providing real estate solutions through property acquisition, development, management & leasing for tenants in the heavy industrial & outdoor storage space. He has 9 years of experience in the real estate industry. Lacee holds a Masters in Accounting from the University of Maryland-College Park and an undergraduate degree in accounting from the College of Charleston. Lauren works closely with all members of the Industrial Outdoor Storage team on transactions, due diligence, compliance, and insurance. "There are the zoning restrictions, and traditional industrial investors have converted a number of IOS properties. Accessed April 17, 2023. https://www.sec.gov/Archives/edgar/data/1587755/000156761913000131/s000092x2_s1.htm, Intrawest Resort Holdings, Inc. Form 10-K/A 2016. He has 17 years of experience in the real estate industry, including 12 exclusively in the IOS sector. Additionally, Liam is a credentialed LEED AP through the USGBC. Reporters for Travel Weekly noted that this hire demonstrated a pivot for Intrawest from a real estate development company to a ski resort operator. 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). Jeff is a Pennsylvania licensed Real Estate Broker. Additionally, she is a Notary Public and a licensed Real Estate Salesperson. 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. 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. The company is comprised of a highly qualified team of professionals that handle all Accessibility Statement. You are subscribed to the Bisnow Philadelphia Newsletter. Toronto, Ontario M4W 3C7, Phone. 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. 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. Your email address will not be published. DIRECTOR - IOS DEVELOPMENTJon Cordingley Charlie is a 2010 graduate of Georgetown University and he currently resides in Pittsburgh with his wife and son. From evaluation to execution to management, Alterras competent team of industry experts guide the process quickly and efficiently. The Roanoke Times commented in 1995 that Intrawest has averaged 25 percent annual growth in skier visits. 416.964.1800 Accessed April 17, 2023. www.pitchbook.com. Last modified January 11, 2018. See jobs Follow View all 57 For more information, please visit ParkMadisonPartners.com, Rosalia Scampoli (212) 537-5177, Ext. Late last year, Alterra launched its first discretionary fund in partnership with New York-based Park Madison Partners. April 29, 2023. https://www.hotel-online.com/News/PR2004_4th/Oct04_IntrawestMarket.html. 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). "Were evaluating development opportunities in other markets right now, taking the modular development approach weve honed in Philadelphia. He led all leasing, asset management and development for both the industrial and office portfolio. Be among those in the know about everything Alterra. 1 (June 22, 2007): 123. Contact. 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. We want to take 15 seconds to tell you what's going on: Sound good? Municipalities arent creating more outdoor storage, but every MSA needs it for its supply chain infrastructure.. Leah is a graduate of Temple University with a Bachelors degree in Communications. Deputy General CounselJim Freeman, Esq.Jim Freeman serves as Deputy General Counsel of Alterra Property Group, LLC. Intrawest found a niche in the Canadian ski market as it was less developed than the U.S. in the 1980s and 90s. "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. WebMasar Group. Tom Baker joined Alterra Property Group in May of 2017. Alterra focuses on acquiring low density, supply chain and infrastructure real estate in core infill locations. Alterra Property Group, LLC (Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. At the time, it managed over $30 billion. Am I spending five fewer hours a week than I used to on the minutiae of multifamily?" 2, (Spring 2015): 5970. Leo has an MBA from the Harvard Business School (HBS) and a B.A. The 2007-2008 Financial Crisis: An Avalanche Smashes the Ski Industry. Rory is a graduate from Temple University with a Bachelors Degree in Accounting. 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. She currently resides in South Philadelphia with her fianc and their dog. 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. Since 2005 Alterra has acquired and managed dozens of mixed use and residential properties from sourcing to design, execution and management. WebEvery homeowner becomes a member of the Alterra family, a legacy going on 50 years. Copyright 2023 Surperformance. Accessed April 26, 2023. https://www.reuters.com/article/us-intrawestresorts-ipo-idUSBREA0U1EM20140131. Real estate prices are closely tied to interest rates because investors require mortgages and loans. Alterra Capital Holdings Ltd : Alterra Capital Announces $0.16 Dividend and $100 Million S.. Success! Venture II is a continuation of Alterras Industrial Outside Storage (IOS) investment strategy launched in 2016. BamSEC website. 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. Previously, Gavin worked at HFF in Philadelphia on the debt and equity placement team. I know where to be pushing rentsand where concessions are needed" across Alterra's properties, he said. 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. Liberty was acquired by Prolog is in February, 2020 for $13B. There was an error trying to send your message. 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. 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. We are committed to honoring the deep traditions of each resort. Unlike Fortress in 2007, KSL and Aspen Skiing Company both have expertise in growing and sustaining the unique story of ski resorts. It has been sent. Fortress is a private equity firm that invests in businesses with strong asset bases and cash flows, such as real estate. Joining 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. Jeff is a Partner, General Counsel and Co-Founder of Alterra Property Group. Alterra has closed over $1.5B of real estate transactions. VP IndustrialMatt McNuttMattfocuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outside Storage platform. Liam lives in Philadelphia with his Wife and two Mutts. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. Search jobs. Alterra Property Group. Prior to joining Alterra, Rory was the Corporate and Fund Accountant for Rubenstein Partners L.P. working on the corporate entities and funds. He holds a B.S. Kosman, Josh. 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. Prior to joining Alterra, Chelsea was a Lease Management Analyst within the accounting department at Gopuff, a Philadelphia based startup. Previously, Greg was a Sup ervisor, Maintenance at American Management and also held positions at WinnCompanies, Village Green Companies. Mad River Glen: Are they actually Mad? 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 . 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. WebAlterra Property Group B07 Matt oversees all investment and asset management activity for Alterra. 2013. 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 working at Orbitz, Leo worked as an Associate for the Boston Consulting Group. Modelling the Wider Effects of Ski Lift Investments. Empirical Economics (February 27, 2019): 259274. Senior Advisor - Industrial Outdoor StorageWilliam P. Hankowsky He began his career in real estate at Blackstone (2007-2012). Subscribe to Bisnow's Philadelphia Newsletters. Prior to Exeter, Mark was an Assistant Vice President at AEW Capital Management, focused on East Coast acquisition opportunities. For more information, please visit AlterraProperty.com. She remained at Liberty until February 2020 when it was acquired by Prologis. in Finance from Georgetown University. We understand that we have a responsibility. Mattattended Arizona State with a degree in Business Administration Marketing. Matt has been involved with over $1 billion of transactions during his time at Alterra. 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. VP - Industrial TransactionsCarolyn Barr Parker has 12 years of experience in the real estate industry leading strategic business development across several asset classes. They often pressure management teams into making quick and decisive business decisions, such as laying off employees or selling core business units. Parker spent his time working on optimizing terminal locations across the country. 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. More on the banning of snowboarding, on one chair ski lifts, and limited use of artificial snow. Greg Hicks is a Vice President, Facilities & Maintenance at Alterra Property Group based in Philadelphia, Pennsylvania. Alterra Property Group. Parker received a Bachelors of Arts in Accounting and Entrepreneurship from Miami University in Oxford, OH. ControllerLacee Daniel, CPA VP - Asset ManagementJeff Schaeffer Electrical and Electronics, Industrial Sources told the New York Post that creditors holding $1.4 billion of debt on Whistler Blackcomb were within 10 days of entering foreclosure. His clients include Tesla, Rolls-Royce, Chevron, and ExxonMobil Global Real Estate, among others. These new transfer points will increase the reach of Liam lives in Philadelphia with his Wife and two Mutts. Gavin focuses on acquisition opportunities and asset management functions at Alterra Property Group. January 20, 2010. Lacee holds a Masters in Accounting from the University of Maryland-College Park and an undergraduate degree in accounting from the College of Charleston. agnes hill asheville school; lake buckhorn georgia rules; escambia county school registration; andrew davidson saskatoon; laura leigh we re the millers; Close Menu. Chelsea holds her Bachelors of Business Administration in Marketing from the University of Pittsburgh. Prior to joining Alterra, Lauren worked at StoneMor, Inc., which she joined in 2017. An activist hedge fund looks to take an active position in their investment by working closely with management to extract value. Some scholars suggest that the ski industry is recession-proof due to its affluent customer base. Jonearned a Master and Bachelor of Architecture from Texas Tech University, as well as a Master of Real Estate from Georgetown University. November 12, 2013. He grew Liberty to be one of the nations leading REITs with 112million square feet logistic portfolio across 24 US markets and the United Kingdom. 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. The company purchased Sandestin Resorts in Florida for $130 million in 1998. Alterra views property management as a core division in our company. Intrawest Announces Restructuring of Debt. Summit Daily. Designed by Juggernaut Work. This positive influence will continue as private equitys role in the industry grows. 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. Alterra Mountain Company. All Rights Reserved. We are always growing! Over 53 communities developed. Director - IOS ConstructionLiam Sullivan Alterra Property Group, LLC (Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. "Clearly, they not only succeeded in Boston, but ultimately handled projects for us on a coast-to-coast basis.". 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. Material Development, Formula Development, The company grew to $524 million in revenue with over six million visitors across its resorts in 2013.
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