Intrawest continued to face bleak prospects as it missed further interest payment in December 2009. The company is comprised of a highly qualified team of professionals that handle all Alterra Property Group 2, (Spring 2015): 5970. Real Estate Investment, Development and Management. 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. 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. Alterra IOS Home - Alterra IOS 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. atollpg 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. 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). 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. Please try again later. As a result of the combination, Alterra, with the support of investors, has launched significant capital investment programs. 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. Altria Group, Inc. (MO) Stock Price, News, Quote & History Rory is from Haverford, PA and currently resides in Philadelphia with his wife. Fortress Buys Intrawest for $2.8bn. PERE. Falk, Martin, and Laurent Vanat. 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. When they arent working, they enjoy traveling, snow and water sports, and backyard barbecues. Addimando said. Parker has 12 years of experience in the real estate industry leading strategic business development across several asset classes. 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. [last] (ex. But Alterra's multifamily business didn't just tread water. Parker focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. Use the form below to reset your password. Matt has been involved with over $1 billion of transactions during his time at Alterra. Greg Hicks is a Vice President, Facilities & Maintenance at Alterra Property Group based in Philadelphia, Pennsylvania. ControllerLacee Daniel, CPALacee joined Alterra in September 2018 as a senior accountant working directly with Alterras investment partners. She remained at Liberty until February 2020 when it was acquired by Prologis. Co-Founding Partner & General CounselJeff Pustizzi Bill Jensen stepped away from the CEO role in 2014 for personal reasons. Electrical and Electronics, Industrial There was an error trying to send your message. Matt oversees all investment and asset management activity for Alterra. 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. Alterra Mountain Company. Six months later, it secured a $100M credit facility with Morgan Stanley for the same purpose. After Turner Construction, Liam joined URBN, the publicly traded parent company of Urban Outfitters, Anthropologie, Free People, and Terrain. Alterras real estate platform is strategically focused on our two core competencies ofresidential/mixed-usedevelopment (APG Living), andindustrial outdoor storage (IOS). Co-Founder & Managing PartnerLeo Addimando She brings to Alterra a strong understanding of real estate marketing, sales leadership, and team development. SVP- Development & ConstructionMark Cartella Chelsea holds her Bachelors of Business Administration in Marketing from the University of Pittsburgh. -, Alterra Capital Holdings Ltd : Markel Announces Completion Of Alterra Acquisition, Alterra Capital Holdings Ltd : Markel Reports First Quarter 2013 Results, Alterra Capital Holdings Ltd : Markel And Alterra Shareholders Overwhelmingly Approve Acquisition. He currently resides in South Philadelphia. 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. Moving to the Mountain: Aspens Dominance in Public Transportation. Alterra Property Group developed one of the largest multifamily buildings in the U.S. in West Philly, selling it for $88M earlier this year. Previously, Greg was a Sup ervisor, Maintenance at American Management and also held positions at WinnCompanies, Village Green Companies. Web2950 Airway Avenue, Suite A9 Costa Mesa, CA 92626. The Denver, Colo.-based company announced today that it will be focusing its capital improvements on four major U.S. resorts: Deer Valley, Utah; Steamboat, Colo.; and Calif.s Mammoth Mountain and Squaw Valley Alpine Meadows. Alterras investment in the four resorts sits at $207 million, which is no chump change. All Rights Reserved. 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. Last modified August 11, 2006. As institutional investors seek more diversification within their real estate portfolios, Alterra has clearly positioned itself as a leader within the IOS space. Alterra Property Group. Senior Advisor - Industrial Outdoor StorageWilliam P. Hankowsky Alterra Property Group Parker spent his time working on optimizing terminal locations across the country. 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. November 12, 2013. She brings over 15 years of marketing and project management experience in multi-family housing, student living, and furnished corporate accommodations. The IOS market is a $200BN market that is highly fragmented with limited institutional ownership. Intrawest Resort Holdings, Inc. Form S-1 2016. Alterra Property Group Last modified December 5, 2008. Before working at Orbitz, Leo worked as an Associate for the Boston Consulting Group. 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. JonCordingleyjoined Alterra in 2022 as Director of Development, supporting the companys industrial outdoor storage portfolio with over 14 years of experience. She is responsible for managing the overall marketing strategy for the residential portfolio to include digital marketing/ advertising, social media, and product launch. Prior to forming Alterra, Jeff began his career at the Philadelphia-based law firm of Stradley Ronon Stevens & Young, where he honed his skills in commercial real estate and finance. Blackcomb became a highly profitable asset for Intrawest and announced $112 million in renovations and upgrades the following year. Alterra Property Group Leo Addimando is a Managing Partner and Co-Founder of Alterra Property Group, LLC (Alterra). Bankruptcy and widespread foreclosures were a real risk for Intrawest. The rendering above shows Alterra Property Group and JRKP Architects' proposed six-story project at 4200 Market Street in West Philadelphia. How Multifamily Developer Alterra Property Group Became A Big PR. "Were evaluating development opportunities in other markets right now, taking the modular development approach weve honed in Philadelphia. Before Rubenstein, Gillian worked as an Acquisitions and Asset Management Analyst at Brandywine Realty Trust, where she helped underwrite and do Due Diligence for transactions on offices. Mark 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. 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. Jonearned a Master and Bachelor of Architecture from Texas Tech University, as well as a Master of Real Estate from Georgetown University. Toronto, Ontario M4W 3C7, Phone. He has 17 years of experience in the real estate industry, including 12 exclusively in the IOS sector. Park Madison Partners, LLC is a New York-based capital markets and advisory firm for global real estate alternative investments. 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. He led all leasing, asset management and development for both the industrial and office portfolio. 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. Jonhas completed projects working in a range of environments including industrial, manufacturing, hospital, lab expansions and corporate occupier. She is a licensed Certified Public Accountant for the State of Pennsylvania and a member of the AICPA and PICPA. 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. 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. Taks, Marijke and Ragoen, Jona. Charlie is a 2010 graduate of Georgetown University and he currently resides in Pittsburgh with his wife and son. VP - IndustrialMark Gannon Altera Corp. (NASD: ALTR) presently has an above average rank, in [] Altera reports its third-quarter earnings on Thursday, October 23, 2014, and the consensus earnings per share estimate is 37 cents per share.The consensus estimate remains unchanged over the past month, but it has decreased from three months ago when it was 39 cents. Director - IOS ConstructionLiam SullivanLiam works as Senior Development Manager focusing on Mixed Use and Industrial projects. Managing PartnerMatthew PfeifferMatt oversees all investment and asset management activity for Alterra. Alterra focuses on acquiring low density, supply chain and infrastructure real estate in core infill locations. 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. Liam is a graduate of Stony Brook University with a BS in Economics. She also has a masters degree from the University of Pennsylvania. Alterra Property Group 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. Parker resides in downtown Chicago with his wife and two children. in Economics and Political Science from the University of Michigan, Ann Arbor. Prior to joining Alterra, Chelsea was a Lease Management Analyst within the accounting department at Gopuff, a Philadelphia based startup. jane@alterraproperty.com). On March 21, 1990, Intrawest filed with the Toronto Stock Exchange to trade under the ticker ITW. We need you to know that security is our top priority and that we hold any information we have about you under lock and key. 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. Alterra Wynwood Because of the turbulent global economy, Intrawest faced significant financial distress. VP - Industrial TransactionsCarolyn Barr 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. 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. Mattattended Arizona State with a degree in Business Administration Marketing. Pirate Capital Hedge Fund Boosts Stake in Intrawest. HedgeCo.Net. This is not a step He led all leasing, asset management and development for both the industrial and office portfolio. Liam joined Alterra to bolster the strengths and add experience to the Development Team. With smaller transactions that average between $5-20MM Alterra focuses on acquiring low density, supply chain and infrastructure real estate in core infill locations. He has also held several senior positions with Philadelphia based development groups, including Shift Capital, a mission based Social Impact Fund. Before Rubenstein, Gillian worked as an Acquisitions and Asset Management Analyst at Brandywine Realty Trust, where she helped underwrite and do Due Diligence for transactions on offices. "When you try to scale in a different asset class nationally, its almost like youre starting over, with different capital providers, different people doing deals.. 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. 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. The Roanoke Times commented in 1995 that Intrawest has averaged 25 percent annual growth in skier visits. 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. Before Rivian, he completed projects as a project management consultant, most recently as an Associate Director at Turner & Townsend. WebAlterra Property Group B07 Matt oversees all investment and asset management activity for Alterra. Accessed April 26, 2023. https://www.travelweekly.com/Travel-News/Hotel-News/Jensen-hire-means-a-sharper-focus-on-hotel-ski-business-for-Intrawest. He has been on the Board of Citizen Financial Group from 2006 and on the Audit and Compensation and Human Resources Committees. Jim graduated with a BS from Penn State University and a JD from Washington & Lee School of Law. Previously, she worked in leasing and property management at PMC Property Group. He has 9 years of experience in the real estate industry. Leo has an MBA from the Harvard Business School (HBS) and a B.A. 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. After Turner, Mark worked 7 years at one of Philadelphias preeminent professional project management/real estate services company, Aegis Property Group. Accessed April 26, 2023. https://www.reuters.com/article/us-intrawestresorts-ipo-idUSBREA0U1EM20140131. Last modified April 10, 2017. Lacee joined Alterra in September 2018 as a senior accountant working directly with Alterras investment partners. By mid-March, thefund had closed after raising $524M, wellabove its goal of $400M. Alterra recently announced a $500 million program for 2023 specifically to enhance guest and employee experiences. 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. Six years later, it hasanational, institutionally backed portfolio of IOS properties, but is still a Philly-focused multifamily developer. Thank you for your message. In 2013, Intrawest filed with the SEC on November 12 to become a publicly-traded company under the ticker SNOW. Jim graduated with a BS from Penn State University and a JD from Washington & Lee School of Law. Rory is a graduate from Temple University with a Bachelors Degree in Accounting. Thomas Marano, a real estate investor, succeeded Jensen. In 1986, U.S. billionaire Marvin Davis wanted to sell off 20th Century Foxs skiing assets, specifically Blackcomb Skiing Enterprises, the owner and operator of Blackcomb Mountain in Whistler. Accessed April 16, 2023. https://scholar.uwindsor.ca/humankineticspub/40. 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. Contact. Jensen previously served as president of Vail Resorts Mountain Division. WebThe most common Alterra Property Group LLC email format is [first]. Daniel Jarvis, previously CFO of Intrawest, led this new group. DIRECTOR - IOS DEVELOPMENTJon CordingleyJonCordingleyjoined Alterra in 2022 as Director of Development, supporting the companys industrial outdoor storage portfolio with over 14 years of experience. More on the banning of snowboarding, on one chair ski lifts, and limited use of artificial snow. Click or Tap Here. Mark has a Bachelors degree from the University of Pennsylvania and currently resides outside of Philadelphia with his wife and son. This article has been updated. At this time, Fortress had owned Intrawest for seven long years. Material Development, Formula Development, Alterra Capital Holdings Ltd : Alterra Capital Announces $0.16 Dividend and $100 Million S.. Lease Administrator Chelsea HolberChelsea joined Alterra in April 2023 as a Lease Administrator within the IOS team. Intrawest garnered respect in the industry for its large reinvestments into its resorts.
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