Lease Administrator Chelsea Holber 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 - Asset ManagementJeff SchaefferJeff oversees all asset management functions for Alterra Property Group. Jonhas completed projects working in a range of environments including industrial, manufacturing, hospital, lab expansions and corporate occupier. Accessed April 18, 2023. https://www.sec.gov/Archives/edgar/data/1587755/000156761913000131/s000092x2_s1.htm. January 31, 2014. 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 Copyright 2010 2022. Since 2005 Alterra has acquired and managed dozens of mixed use and residential properties from sourcing to design, execution and management. 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. DIRECTOR - IOS DEVELOPMENTJon CordingleyJonCordingleyjoined Alterra in 2022 as Director of Development, supporting the companys industrial outdoor storage portfolio with over 14 years of experience. Thus, Fortress likely needed to sell some, or all, of its stake in Intrawest. Intrawest Resorts Holdings, Inc. Investor Relations. Accessed April 17, 2023. https://corpgov.law.harvard.edu/2022/09/02/dealing-with-activist-hedge-funds-and-other-activist-investors-5/. 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. 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. Ski Development and Strategy. Tourism and Hospitality Planning & Development 4, no. 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. Over that time period, industrial outdoor storage exploded in popularity as an investment target, enjoying both the relentless demand for logistics space in general and advantages specific to the property type. The company was now led by CEO Bill Jensen, who succeeded Joe Houssian, Intrawests founder, in 2008. "Clearly, they not only succeeded in Boston, but ultimately handled projects for us on a coast-to-coast basis.". Lacee holds a Masters in Accounting from the University of Maryland-College Park and an undergraduate degree in accounting from the College of Charleston. Co-owner and developer, bringing Canada's first Ace Hotel to the city. Granito, Alison. 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. She brings over 15 years of marketing and project management experience in multi-family housing, student living, and furnished corporate accommodations. Alterra Property Group However, in a 2016 study, Professors Marijke Taks and Jona Ragoen found that ski participation in recessions broadly declines. These new transfer points will increase the reach of Alterra-JPMorgan venture bulks up on $300M property play 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. As institutional investors seek more diversification within their real estate portfolios, Alterra has clearly positioned itself as a leader within the IOS space. Intrawest found a niche in the Canadian ski market as it was less developed than the U.S. in the 1980s and 90s. Necessity is the mother of invention," Addimando said. She is responsible for managing the overall marketing strategy for the residential portfolio to include digital marketing/ advertising, social media, and product launch. Toronto, Ontario M4W 3C7, Phone. DIRECTOR - IOS DEVELOPMENTJon Cordingley In addition, he is responsible for raising and structuring equity and debt for Alterras ongoing business initiatives. Upon moving to PA, she began working at Liberty Property Trust as a Paralegal, transitioning to Director of Due Diligence after 11 years. Chelsea holds her Bachelors of Business Administration in Marketing from the University of Pittsburgh. 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. 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. 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. 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. Greg Hicks's Phone Number and Email For more information, please visit ParkMadisonPartners.com, Rosalia Scampoli (212) 537-5177, Ext. 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. 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. Before working at Orbitz, Leo worked as an Associate for the Boston Consulting Group. Alterra Property Group. Prior to joining Alterra, Matt focused on acquisitions on the East Coast for CenterSquare, a real estate private equity firm located in Philadelphia. Lauren earned her bachelors degree from Arcadia University and currently resides in Philadelphia. After Turner Construction, Liam joined URBN, the publicly traded parent company of Urban Outfitters, Anthropologie, Free People, and Terrain. Alterra Property Group, LLC(Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. Roy, Priya A. He has been on the Board of Citizen Financial Group from 2006 and on the Audit and Compensation and Human Resources Committees. He has also held several senior positions with Philadelphia based development groups, including Shift Capital, a mission based Social Impact Fund. IOS AnalystSean Christman Accessed April 26, 2023. https://www.reuters.com/article/us-intrawestresorts-ipo-idUSBREA0U1EM20140131. Co-Founding Partner & General CounselJeff PustizziJeff is a Partner, General Counsel and Co-Founder of Alterra Property Group. Tom currently resides in New Jersey with his wife and three children. BamSEC website. 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. Coping with Recession in the Ski-Industry: A Suppliers and Consumers Perspective. Journal of Sports Management and Commercialization, January 5, 2016. Dimri, Neha. We need you to be cool with us holding onto your email address (if we already have it) and for us to email you about commercial real estate news and events. The rendering above shows Alterra Property Group and JRKP Architects' proposed six-story project at 4200 Market Street in West Philadelphia. Associate Transactions & ComplianceLauren OlsonLaurenjoined Alterra Property Group in May 2022 as part of the legal, acquisitions and asset management teams. Improvements, facilities and programs are in formative stages. jane@alterraproperty.com). Managing PartnerMatthew PfeifferMatt oversees all investment and asset management activity for Alterra. Because of the turbulent global economy, Intrawest faced significant financial distress. Over the course of x years, Alterra has acquired, developed and managed more than x mixed use properties. "He quickly responded, put us with some local contacts and we had multiple options within a month.". Liam lives in Philadelphia with his Wife and two Mutts. 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. Above all else, the emphasis on the skier, employee, and community experiences continues to shape the brand. Previously, Greg was a Sup ervisor, Maintenance at American Management and also held positions at WinnCompanies, Village Green Companies. Daniel Jarvis, previously CFO of Intrawest, led this new group. Accessed April 26, 2023. https://www.travelweekly.com/Travel-News/Hotel-News/Jensen-hire-means-a-sharper-focus-on-hotel-ski-business-for-Intrawest. 18, no. He and his Partners are responsible for forming and implementing investment strategies across the company. As a leading Canadian real estate developer, Joe Houssian was introduced to Davis despite his complete unfamiliarity with the ski industry. Currently, Gillian lives in Philadelphia with her fianc-to-be and two lovely cats. Despite these positive developments, Intrawests stock struggled to reflect the true value of the firm on the public market. 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. Designed by Juggernaut Work. Last modified August 11, 2006. He also holds a LEED AP designation under the USGBC. A vertically integrated real estate company focused on deploying institutional discretionary capital to acquire and develop Industrial Outdoor Storage (IOS) throughout the United States. 2013. 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. 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. Mattattended Arizona State with a degree in Business Administration Marketing. 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. Alterra Capital Holdings Ltd : Markel Reports 2012 Financial Results. 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. Gillian earned her bachelors degree in Architecture from Tsinghua University. 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. He received a Bachelor of Arts degree in economics from Brown University. The companys industrial outdoor storage platform focuses on acquiring and developing industrial sites throughout the United States. I know where to be pushing rentsand where concessions are needed" across Alterra's properties, he said. 7 2022. alterra property group stockhtml5 interactive animation. Director of MarketingLeah McVay Intrawest Company Profile, 2023. Alterra Home Loans Chino, CA Office | Glassdoor Lease Administrator Chelsea HolberChelsea joined Alterra in April 2023 as a Lease Administrator within the IOS team. Fortress Buys Intrawest for $2.8bn. PERE. She is a licensed Certified Public Accountant for the State of Pennsylvania and a member of the AICPA and PICPA. 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. He has been on the Board of Citizen Financial Group from 2006 and on the Audit and Compensation and Human Resources Committees. Through 2011 and 2012, Intrawest and Fortress navigated its way out of the difficult economic period with less debt to position the business for long-term, sustained success. 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. He also holds a LEED AP designation under the USGBC. Over $5 billion in real estate transactions. We are united by a common purpose to create tangible economic, social, and environmental value as an institutional real estate advisor while also operating as a go-to service provider to tenants in need of industrial outdoor storage. 920 Yonge Street, Suite 1000 Alterras real estate platform is strategically focused on our two core competencies ofresidential/mixed-usedevelopment (APG Living), andindustrial outdoor storage (IOS). SVP- Development & ConstructionMark CartellaMark oversees the execution phase of Alterras real estate development and capital improvement projects including all facets of the project delivery process with a focus on design and construction. September 8, 2016. Municipalities arent creating more outdoor storage, but every MSA needs it for its supply chain infrastructure.. Accessed April 17, 2023. https://www.nytimes.com/1998/07/15/business/company-news-intrawest-acquires-sandestin-resorts-for-130-million.html. 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. Rory is a graduate from Temple University with a Bachelors Degree in Accounting. He has 9 years of experience in the real estate industry. In a Reuters article, Josef Schuster, a financier focused on IPOs, suggested that the market is getting more sensitive to where IPO proceeds go to, and favors firms where proceeds are earmarked for growth versus reducing leverage or going to selling shareholders. For Intrawest, the IPO proceeds were raised to reduce leverage and provide liquidity to selling shareholders instead of investing in new growth initiatives. The company is comprised of a highly qualified team of professionals that handle all 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. 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. KSL is a global private equity firm specializing in travel and leisure businesses, such as Village Urban Resorts and the Outrigger Hotels, with $8.5 billion in assets under management. Alterra Mountain Company. Alterra Before working at Orbitz, Leo worked as an Associate for the Boston Consulting Group. Your email address will not be published. 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. All rights reserved. [last] (ex. This has piqued the interest of financial firms in both the private and public markets to create a more profitable and efficient industry for customers, employees, and investors alike. Mattfocuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outside Storage platform. When they arent working, they enjoy traveling, snow and water sports, and backyard barbecues. WebAlterras leadership is strong with cross-disciplined industry-experienced leaders dedicated to quality, innovation customer partnership, and product development. 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. Prior to joining Alterra, Chelsea was a Lease Management Analyst within the accounting department at Gopuff, a Philadelphia based startup. In 1996, they purchased 31% of Mammoth Mountain in California. Gillian earned her bachelors degree in Architecture from Tsinghua University. 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. Please try again later. Bloomberg News. 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. Alterra Property Group, LLC(Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. 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. Mattattended Arizona State with a degree in Business Administration Marketing. On May 22, 2017, KSL Capital Partners (KSL) and Aspen Skiing Company announced a $1.5 billion buyout of Intrawest for a large 40% premium, once again removing the company from the public stock exchange. Real Estate Investment, Development and Management. Co-Founding Partner & General CounselJeff Pustizzi 700+ years Chelsea holds her Bachelors of Business Administration in Marketing from the University of Pittsburgh. Charlie is a 2010 graduate of Georgetown University and he currently resides in Pittsburgh with his wife and son. Just hit yes and continue on your way. Liam is a graduate of Stony Brook University with a BS in Economics. So far, we havent felt like conditions are right to expand into a new market; weve been sort of waiting for a correction on that front.. Alterra Property Group Jonhas completed projects working in a range of environments including industrial, manufacturing, hospital, lab expansions and corporate occupier. in Finance with a concentration in Real Estate from the Pennsylvania State University. Jeff began his career as a consultant within Deloitte Consultings Strategy and Operations practice, focusing on organizational growth strategy and opportunities with large, global clients. 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. 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. 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. Tom holds a Bachelors Degree in Accounting from West Chester University and is a Certified Public Accountant for the Commonwealth of Pennsylvania. Associate - Acquisitions & Asset ManagementGavin Weaver 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. It was not for another decade that the firm became interested in the ski industry. In 2013, Intrawest filed with the SEC on November 12 to become a publicly-traded company under the ticker SNOW. Harvard Law School Forum on Corporate Governance, September 2, 2022. 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. Required fields are marked *, Notify me of followup comments via e-mail. 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. Announcing Alterra Mountain Company: A Family of 12 Iconic Mountain Destinations in North America. Alterra Mountain Company. Eventually, Intrawest expanded into the U.S. in 1994 by acquiring Stratton Mountain in Vermont. We didnt really know what the endgame was at the time, but once we closed on that sale-leaseback portfolio transaction, we knew it wasnt going to be just a single-tenant business," Addimando said. Am I spending five fewer hours a week than I used to on the minutiae of multifamily?" Mark most recently served as an Associate Portfolio Manager at Exeter Property Group, helping source and underwrite industrial transactions for Exeters value-add & core investment vehicle. Our news is free and we intend to keep it that way. Matt has been involved with over $1 billion of transactions during his time at Alterra. He has 9 years of experience in the real estate industry. Lauren works closely with all members of the Industrial Outdoor Storage team on transactions, due diligence, compliance, and insurance. Some scholars suggest that the ski industry is recession-proof due to its affluent customer base. The constant shifts, setbacks, and advancements over the last 40 years for Alterra demonstrate the greater resiliency of the ski industry. Copyright 2023 Bisnow. Previously, Gavin worked at HFF in Philadelphia on the debt and equity placement team. Alterra 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. 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. Other common Alterra Property Group LLC email patterns are [first] (ex. Alterras value creation and capital reinvestment efforts surround three primary facets the customers, employees, and environment to create a better mountain experience. Previously, she worked in leasing and property management at PMC Property Group. Alterra Property Group, LLC (Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. "Yeah, but its five hours that I shouldnt have been spending there to begin with.. Throughout his career he has traveled extensively, leading millions of square feet of projects from inception to completion in 24 different states. Greg Hicks is a Vice President, Facilities & Maintenance at Alterra Property Group based in Philadelphia, Pennsylvania. Mark has a Bachelors degree from the University of Pennsylvania and currently resides outside of Philadelphia with his wife and son. 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 We are always growing! Dealing with Activist Hedge Funds and Other Activist Investors. Web log. VP - Asset ManagementJeff Schaeffer 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. Additionally, she is a Notary Public and a licensed Real Estate Salesperson. Designing and delivering homes that define the district and invigorate the neighbourhoods around them. in Finance from Georgetown University. Gains from Investments in Snowmaking Facilities. Ecological Economics 130 (October 2016): 339349. She remained at Liberty until February 2020 when it was acquired by Prologis. Charlie is a 2010 graduate of Georgetown University and he currently resides in Pittsburgh with his wife and son. degradable, Indiana Plant 2213 Killion Ave Seymour, IN 47274 +1(812) 271-1891. Alterra Wynwood WebAlterra Property Group Real Estate Investment, Development and Management Who We Are Alterra Property Group, LLC (Alterra) is an established real estate investment, Taks, Marijke and Ragoen, Jona. The Alterra IOS team brings an institutional comprehension of the municipal, environmental, and logistical complexities in acquiring, leasing, and occupying mission-critical real estate for this often-overlooked sector of the U.S. industrial landscape. Sources told the New York Post that creditors holding $1.4 billion of debt on Whistler Blackcomb were within 10 days of entering foreclosure. Alterra IOS Venture II, LP reaches $500 million hard cap Accessed April 17, 2023. www.pitchbook.com. 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. Holding positions in both Development and Construction, Liam successfully brought to market projects throughout the U.S. and Canada. New Owner Will Change Snowshoe. The Roanoke Times, October 2, 1995. January 20, 2010. Rory is a graduate from Temple University with a Bachelors Degree in Accounting. in Finance from Georgetown University. Alterra has closed over $1.5B of real estate transactions. 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.