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. Despite these positive developments, Intrawests stock struggled to reflect the true value of the firm on the public market. Additionally, Liam is a credentialed LEED AP through the USGBC. Liam lives in Philadelphia with his Wife and two Mutts. 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. Leo has an MBA from the Harvard Business School (HBS) and a B.A. He led all leasing, asset management and development for both the industrial and office 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. Prior to joining Alterra, Rory was the Corporate and Fund Accountant for Rubenstein Partners L.P. working on the corporate entities and funds. We want to take 15 seconds to tell you what's going on: Sound good? Upon moving to PA, she began working at Liberty Property Trust as a Paralegal, transitioning to Director of Due Diligence after 11 years. Rory is from Haverford, PA and currently resides in Philadelphia with his wife. 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. Prior to joining Alterra, Liam was with Turner Construction in the Philadelphia Business unit, gaining experience in the field and developing project management experience. All Rights Reserved. Creating award-winning 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 . 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. Alterra has established itself as an early entrant and market leader within the IOS space. 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. Matt has an MBA from the Wharton School of the University of Pennsylvania and a B.S. Last modified March 21, 2023. 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. Designed by Juggernaut Work. Today, Addimando admits he knew little about Boston as a real estate market and even less about a little-known niche of industrial property. Every major city in the country needs IOS real estate to support its infrastructure, logistics, and transportation industries. The Roanoke Times commented in 1995 that Intrawest has averaged 25 percent annual growth in skier visits. In addition, he is responsible for raising and structuring equity and debt for Alterras ongoing business initiatives. Because of the turbulent global economy, Intrawest faced significant financial distress. The team comprises professionals from diverse backgrounds on the buy-side and sell-side and leverages this experience to offer Park Madisons clients highly customized solutions across global real estate capital markets. She remained at Liberty until February 2020 when it was acquired by Prologis. WebLearn about Alterra Home Loans Chino, CA office. Leah McVay joined Alterra Property Group in September of 2017. 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. Most recently Carolyn worked at Capano Management Company as a Paralegal and Lease Negotiator. Before Rivian, he completed projects as a project management consultant, most recently as an Associate Director at Turner & Townsend. 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-JPMorgan venture bulks up on $300M property play 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. Alterra Holdings Director of MarketingLeah McVay Later, in 2004, Intrawest reorganized its mountain and warm-weather resorts into a new corporate division called the Leisure and Travel Group. 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 currently resides in South Philadelphia. 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. 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. In developingand managing properties hyperlocally like were doing in Philadelphia and Greater Center City, you can take for granted that you know the local laws and players," Addimando toldBisnow. Parker has 12 years of experience in the real estate industry leading strategic business development across several asset classes. Tom holds a Bachelors Degree in Accounting from West Chester University and is a Certified Public Accountant for the Commonwealth of Pennsylvania. Maximizing Value in the Real Estate Private Equity Space: Expansion, Competition, and Alliance. The Journal of Private Equity, vol. 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. Alterra Property Group. However, in a 2016 study, Professors Marijke Taks and Jona Ragoen found that ski participation in recessions broadly declines. Parker resides in downtown Chicago with his wife and two children. Pitchbook. 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. Thank you for your message. He has 9 years of experience in the real estate industry. Co-Founding Partner & General CounselJeff Pustizzi He led all leasing, asset management and development for both the industrial and office portfolio. Falk, Martin, and Laurent Vanat. 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 Accessed April 17, 2023. https://www.bamsec.com/filing/114036116084750?cik=1587755. Just hit yes and continue on your way. 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. Throughout his career he has traveled extensively, leading millions of square feet of projects from inception to completion in 24 different states. How Multifamily Developer Alterra Property Group Became A Big 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. Copyright 2023 Bisnow. Creating a business model around that vision broke the mold in the hotel/retail/festival industry. This new strategy transformed how people viewed the ski industry. In March, Alterrasold a 250K SF building in West Philly, one of the largest modular apartment projects in the country, for $88M. Parker spent his time working on optimizing terminal locations across the country. Alterra Property Group LLC, of Philadelphia, has reached the final close of its Alterra IOS Venture II LP. After Turner Construction, Liam joined URBN, the publicly traded parent company of Urban Outfitters, Anthropologie, Free People, and Terrain. Maxim was being forced to vacate a lot in Boston and Bardonaro was having no luck finding a new place to store cranes after a year of searching. Since its formation in 2006, Park Madison has advised on over $20 billion in private capital placements for a wide range of real estate vehicles including closed-end funds, open-end funds, separate accounts, programmatic joint ventures, and recapitalizations. Alterra Developments Official Website 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. Pirate Capital Hedge Fund Boosts Stake in Intrawest. HedgeCo.Net. Reporters for Travel Weekly noted that this hire demonstrated a pivot for Intrawest from a real estate development company to a ski resort operator. Additionally, Liam is a credentialed LEED AP through the USGBC. 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. 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. 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. Prior to joining Alterra, Chelsea was a Lease Management Analyst within the accounting department at Gopuff, a Philadelphia based startup. Cochran, Bill. 416.964.1800 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. He lives in the greater Atlanta area with his wife. Before Rivian, he completed projects as a project management consultant, most recently as an Associate Director at Turner & Townsend. 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. Alterra Homes for sale in Chino Hills, Ca. She brings over 15 years of marketing and project management experience in multi-family housing, student living, and furnished corporate accommodations. Over the course of x years, Alterra has acquired, developed and managed more than x mixed use properties. Required fields are marked *, Notify me of followup comments via e-mail. in Finance from Georgetown University. VP IndustrialMatt McNuttMattfocuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outside Storage platform. She is a licensed Certified Public Accountant for the State of Pennsylvania and a member of the AICPA and PICPA. 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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