Alterra Mountain Company. She currently resides in South Philadelphia with her fianc and their dog. Last modified April 10, 2017. 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. Mad River Glen: Are they actually Mad? SVP- IndustrialCharlie Totten He and his Partners are responsible for forming and implementing investment strategies across the company. 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. Jeff oversees all asset management functions for Alterra Property Group. Liam lives in Philadelphia with his Wife and two Mutts. He has also held several senior positions with Philadelphia based development groups, including Shift Capital, a mission based Social Impact Fund. Originally from Baltimore, Lacee currently resides in the East Passyunk area of Philadelphia. 7 2022. alterra property group stockhtml5 interactive animation. 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. Alterra focused on hiring and elevating "high-ceiling individuals" to handle elements of both multifamily and industrial outdoor storage that Addimando might have previously done himself, he said. November 12, 2013. Tom currently resides in New Jersey with his wife and three children. 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 Director - IOS ConstructionLiam SullivanLiam works as Senior Development Manager focusing on Mixed Use and Industrial projects. Alterra Mountain Company. 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. You are subscribed to the Bisnow Philadelphia Newsletter. Test Request, Prototype short run, Alterra Holdings has developed multiple Straw formulations that are marine Before Rivian, he completed projects as a project management consultant, most recently as an Associate Director at Turner & Townsend. Taks, Marijke and Ragoen, Jona. Alterra Property Group, LLC(Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. IOS AnalystSean ChristmanSean focuses on acquisition opportunities and asset management functions at Alterra Property Group. He has been on the Board of Citizen Financial Group from 2006 and on the Audit and Compensation and Human Resources Committees. Accessed April 26, 2023. https://www.reuters.com/article/us-intrawestresorts-ipo-idUSBREA0U1EM20140131. She also has a masters degree from the University of Pennsylvania. Web2950 Airway Avenue, Suite A9 Costa Mesa, CA 92626. Previously, she worked in leasing and property management at PMC Property Group. From evaluation to execution to management, Alterras competent team of industry experts guide the process quickly and efficiently. Reporters for Travel Weekly noted that this hire demonstrated a pivot for Intrawest from a real estate development company to a ski resort operator. 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.. Jim graduated with a BS from Penn State University and a JD from Washington & Lee School of Law. Liam joined Alterra to bolster the strengths and add experience to the Development Team. Use the form below to reset your password. Miller, Scott N. Layoffs, Cutbacks Hit Vail Resorts. The Aspen Times. 2013. WebAlterra Property Group B07 Matt oversees all investment and asset management activity for Alterra. In addition, he is responsible for raising and structuring equity and debt for Alterras ongoing business initiatives. 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. We will email you a link to reset your password. SEC EDGAR website. 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. Carolyns legal/real estate career began at law firms in Kalamazoo, MI (Legal Secretary) and then Atlanta, GA (Paralegal). Intrawest Resorts Holdings, Inc. to Be Acquired by Affiliates of Aspen Skiing Company and KSL Capital Partners. Business Wire. Ultimately, on August 11, 2006, Intrawest accepted an offer from Fortress Investment Group for $2.8 billion at $35 per share to become an independent, privately held company. For more information, please visit ParkMadisonPartners.com, Rosalia Scampoli (212) 537-5177, Ext. 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. After Turner Construction, Liam joined URBN, the publicly traded parent company of Urban Outfitters, Anthropologie, Free People, and Terrain. Throughout his career he has traveled extensively, leading millions of square feet of projects from inception to completion in 24 different states. Upon moving to PA, she began working at Liberty Property Trust as a Paralegal, transitioning to Director of Due Diligence after 11 years. 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. All Rights Reserved. This master planned 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. 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. 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. I know where to be pushing rentsand where concessions are needed" across Alterra's properties, he said. Matt and his wife have two children and reside outside of Philadelphia. Leah is experienced in implementing innovative systems and creative strategies resulting in established brand identity, enhanced customer engagement, and lead generation. September 8, 2016. It was not for another decade that the firm became interested in the ski industry. Upcoming regulations in the European Union require us to show this pop-up and ask you to agree to keep using Bisnow.com. He has been on the Board of Citizen Financial Group from 2006 and on the Audit and Compensation and Human Resources Committees. This positive influence will continue as private equitys role in the industry grows. Chelsea joined Alterra in April 2023 as a Lease Administrator within the IOS team. Over $5 billion in real estate transactions. He also holds a LEED AP designation under the USGBC. and striving to provide real estate solutions to tenants. Chelsea holds her Bachelors of Business Administration in Marketing from the University of Pittsburgh. 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. Addimando said. Associate - Asset ManagementGillian Zhao Co-Founding Partner & General CounselJeff Pustizzi Jeffs 15 years in real estate have allowed him to gain a wealth of experience in both the legal and business aspects of the industry. [last] (ex. Additionally, Liam is a credentialed LEED AP through the USGBC. He currently resides in South Philadelphia. Venture II is a continuation of Alterras Industrial Outside Storage (IOS) investment strategy launched in 2016. Parker resides in downtown Chicago with his wife and two children. In his free time, Jim enjoys spending time with his family, traveling, being outside biking, hiking and skiing, working in his garden and having a nice meal and/or craft beer with friends. 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 Resort Holdings, Inc. Form S-1 2016. More on the banning of snowboarding, on one chair ski lifts, and limited use of artificial snow. In his free time, Jim enjoys spending time with his family, traveling, being outside biking, hiking and skiing, working in his garden and having a nice meal and/or craft beer with friends. in Economics and Political Science from the University of Michigan, Ann Arbor. Fortress missed a $524 million interest payment on the companys debt in early 2010. agnes hill asheville school; lake buckhorn georgia rules; escambia county school registration; andrew davidson saskatoon; laura leigh we re the millers; Close Menu. 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. Designing and delivering homes that define the district and invigorate the neighbourhoods around them. Jonearned a Master and Bachelor of Architecture from Texas Tech University, as well as a Master of Real Estate from Georgetown University. 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 Managing PartnerMatthew PfeifferMatt oversees all investment and asset management activity for Alterra. This investment fundamentally shifted the strategic focus of Intrawest and the development of the ski industry at large. Tom currently resides in New Jersey with his wife and three children. 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. Last modified May 4, 2006. Prior to joining Alterra, Lauren worked at StoneMor, Inc., which she joined in 2017. All Rights Reserved. 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. Before Rivian, he completed projects as a project management consultant, most recently as an Associate Director at Turner & Townsend. Shares of Debt-Heavy Intrawest Resorts Fall in Debut. Reuters. 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 Reports Fourth Quarter and Year End 2012 Re.. Alterra Capital Holdings Ltd : Alterra Capital Announces $0.16 Dividend, Alterra Capital Holdings Ltd : Markel Reports 2012 Financial Results, Alterra Capital Holdings Ltd : Alterra Capital to Release Fourth Quarter 2012 Earnings. Deputy General CounselJim Freeman, Esq.Jim Freeman serves as Deputy General Counsel of Alterra Property Group, LLC. 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. Liam is a graduate of Stony Brook University with a BS in Economics. After announcing large scale layoffs, Jensen told the Aspen Times, we had to be responsive to the economy, while stressing that the guest experience would be unaffected. 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 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, 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. Chief Financial OfficerThomas Baker, CPA They often pressure management teams into making quick and decisive business decisions, such as laying off employees or selling core business units. The constant shifts, setbacks, and advancements over the last 40 years for Alterra demonstrate the greater resiliency of the ski industry. Mattcurrently resides in La Jolla, CA with his wife, daughter and son. 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. Alterra Property Group, LLC(Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. Working for two of the leading industrial logistics companies in the world has provided Jim with substantial experience and with key insights into the industrial space, which he brings to his current position at Alterra. Chelsea holds her Bachelors of Business Administration in Marketing from the University of Pittsburgh. Matt has an MBA from the Wharton School of the University of Pennsylvania and a B.S. Jarvis described the strategy in a 2004 corporate press release saying, We had a vision of a ski resort being more than a place to ski, but rather an all-encompassing experience. Lacee joined Alterra in September 2018 as a senior accountant working directly with Alterras investment partners. 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. Just hit yes and continue on your way. Accessed April 18, 2023. https://nypost.com/2010/01/20/intrawest-foreclosure-a-threat-to-olympics/. Before working at Orbitz, Leo worked as an Associate for the Boston Consulting Group. Last modified January 21, 2008. Sean focuses on acquisition opportunities and asset management functions at Alterra Property Group. "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. 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. Blackcomb became a highly profitable asset for Intrawest and announced $112 million in renovations and upgrades the following year. The catalyst for Alterra's expansion was when Addimando's friend Frank Bardonaro calledon behalf of his company, Maxim Crane Works. The ski industry has undergone significant evolution over the last 20 years as resorts have come and gone, innovative technology has transformed the mountain experience, and demographic shifts have introduced new people to the sport. 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. Liberty was acquired by Prolog is in February, 2020 for $13B. Liberty was acquired by Prolog is in February, 2020 for $13B. 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. In partnership with Park Madison Partners, we launched fundraising in the summer of 2021 and we had significant investor interest in our firm, our strategy, and in this burgeoning sub asset class of Industrial, said Leo Addimando, Founder and Managing Partner/CEO of Alterra. Six years later, it hasanational, institutionally backed portfolio of IOS properties, but is still a Philly-focused multifamily developer. Plenty of commercial real estate companies operate in multiple asset classes, but few have a portfolio like 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. As institutional investors seek more diversification within their real estate portfolios, Alterra has clearly positioned itself as a leader within the IOS space. 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. 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. Designed by Juggernaut Work. Prior to joining Alterra, Matt focused on acquisitions on the East Coast for CenterSquare, a real estate private equity firm located in Philadelphia. Alterra Property Group LLC, of Philadelphia, has reached the final close of its Alterra IOS Venture II LP. Gains from Investments in Snowmaking Facilities. Ecological Economics 130 (October 2016): 339349. Lipton, Martin, Wachtell, Lipton, and Rosen & Katz. Roy, Priya A. The Roanoke Times commented in 1995 that Intrawest has averaged 25 percent annual growth in skier visits. 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. Commonly, private equity funds have a 10-year life where an investor will hold onto a company for 5-8 years based on strategy for optimizing returns. At first, Alterra leaned on friends and family to help finance its acquisitions, eventually getting an investment from a family investment office. The company is comprised of a highly qualified team of professionals that handle all Jensen previously served as president of Vail Resorts Mountain Division. For example, within the first season of owning Stratton, four high-speed chairlifts were installed, improving the skier experience. He was formerly the head of real estate for an international transportation and logistics company. See jobs Follow View all 57 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. in Finance with a concentration in Real Estate from the Pennsylvania State University. By mid-March, thefund had closed after raising $524M, wellabove its goal of $400M. Thomas Marano, a real estate investor, succeeded Jensen. In 1996, they purchased 31% of Mammoth Mountain in California. Director - IOS ConstructionLiam Sullivan Fortress Buys Intrawest for $2.8bn. PERE. Please try again later. He has 17 years of experience in the real estate industry, including 12 exclusively in the IOS sector. 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). 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. Electrical and Electronics, Industrial 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. Copyright 2010 2022. In March, Alterrasold a 250K SF building in West Philly, one of the largest modular apartment projects in the country, for $88M. Alterra focuses on acquiring low density, supply chain and infrastructure real estate in core infill locations. Company News; Intrawest Acquires Sandestin Resorts For $130 Million. The New York Times, July 15, 1998. Prior to Alterra, Tom worked for several private real estate equity firms in the Philadelphia area within multiple real estate asset classes. Clydesdale, Greg. The rendering above shows Alterra Property Group and JRKP Architects' proposed six-story project at 4200 Market Street in West Philadelphia. Real Estate Investment, Development and Management. 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. Toronto, Ontario M4W 3C7, Phone. Other common Alterra Property Group LLC email patterns are [first] (ex. All Rights Reserved. Prior to Exeter, Mark was an Assistant Vice President at AEW Capital Management, focused on East Coast acquisition opportunities. She is a licensed Certified Public Accountant for the State of Pennsylvania and a member of the AICPA and PICPA. Through the purchase of Intrawest, KSL and Aspen Skiing Company now owned 12 mountains across the U.S. and Canada, including Palisades Tahoe, Deer Valley, and Mammoth Mountain. Accessed April 17, 2023. https://www.hedgeco.net/news/05/2006/pirate-capital-hedge-fund-boosts-stake-in-intrawest.html. By December 2019, Alterra had formed a $300M joint venture backed by JPMorgan Chase to acquire IOS properties. As a result of the combination, Alterra, with the support of investors, has launched significant capital investment programs.
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