alterra property group stock

Lipton, Martin, Wachtell, Lipton, and Rosen & Katz. He received a Bachelor of Arts degree in economics from Brown University. Last modified April 10, 2017. It has been sent. Alterra Mountain Company. in Economics and Political Science from the University of Michigan, Ann Arbor. Last modified August 11, 2006. Travel Weekly, January 21, 2008. 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.. Co-Founding Partner & General CounselJeff PustizziJeff is a Partner, General Counsel and Co-Founder of 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. Designing and delivering homes that define the district and invigorate the neighbourhoods around them. Before working at Orbitz, Leo worked as an Associate for the Boston Consulting Group. Originally from Baltimore, Lacee currently resides in the East Passyunk area of Philadelphia. Leo is married to Brigitte Castaing Addimando (HBS 05), has three children (Nico, Marcus, Sophie) and in his spare time enjoys spending time with family, exercise, golf, attending live sporting events (youth and professional), and travel. She brings over 15 years of marketing and project management experience in multi-family housing, student living, and furnished corporate accommodations. Formerly at Fischer & Company, he spent his time working on all facets of strategic portfolio management and planning for numerous Fortune 500 companies through periods of both rapid network expansion and contraction. Charlie is a 2010 graduate of Georgetown University and he currently resides in Pittsburgh with his wife and son. Additionally, she is a Notary Public and a licensed Real Estate Salesperson. Associate Transactions & ComplianceLauren OlsonLaurenjoined Alterra Property Group in May 2022 as part of the legal, acquisitions and asset management teams. 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. Alterra Homes for sale in Chino Hills, Ca. Previously, Gavin worked at HFF in Philadelphia on the debt and equity placement team. 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. Maximizing Value in the Real Estate Private Equity Space: Expansion, Competition, and Alliance. The Journal of Private Equity, vol. Intrawest and other investors found the ski industry especially attractive because of the underlying value and stability from real estate, while resorts also generated revenues from lift passes, dining, and on-mountain experiences. Today, Alterra is one of the largest institutional owners of IOS properties in the U.S. We are very excited at Alterra to have completed the fundraising for Venture II, our first discretionary Fund. Director - IOS ConstructionLiam Sullivan New Owner Will Change Snowshoe. The Roanoke Times, October 2, 1995. VP - IndustrialParker PearsonParker focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. This positive influence will continue as private equitys role in the industry grows. Alterra has established itself as an early entrant and market leader within the IOS space. CORRECTION, APRIL 14, 10:15 A.M. Sources told the New York Post that creditors holding $1.4 billion of debt on Whistler Blackcomb were within 10 days of entering foreclosure. 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. Alterra 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. All rights reserved. When they arent working, they enjoy traveling, snow and water sports, and backyard barbecues. Use the form below to reset your password. Accessed April 17, 2023. https://www.nytimes.com/1998/07/15/business/company-news-intrawest-acquires-sandestin-resorts-for-130-million.html. 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. SVP- IndustrialCharlie TottenCharlie focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. Intrawest Resort Holdings, Inc. Form S-1 2016. Alterra focuses on acquiring low density, supply chain and infrastructure real estate in core infill locations. Lease Administrator Chelsea HolberChelsea joined Alterra in April 2023 as a Lease Administrator within the IOS team. Designed by Juggernaut Work. 18, no. 416.964.1800 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. Leah McVay joined Alterra Property Group in September of 2017. From the onset, the new investors prioritized the customers, employees, and surrounding communities of Intrawests portfolio. 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 Jonearned a Master and Bachelor of Architecture from Texas Tech University, as well as a Master of Real Estate from Georgetown University. 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). Rory also worked at EY in the Wealth and Asset Management Assurance group,working on mutual fund, hedge fund, private equity fund audits and accounting systemtransitions. 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. The fund was heavily oversubscribed, closing at $524 million of total commitments, versus the original fundraising goal of $400 million. Alterra Capital Holdings Ltd : Markel Reports 2012 Financial Results. 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. 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. Additionally, Liam is a credentialed LEED AP through the USGBC. Liam is a graduate of Stony Brook University with a BS in Economics. There was an error trying to send your message. 920 Yonge Street, Suite 1000 Charlie is a 2010 graduate of Georgetown University and he currently resides in Pittsburgh with his wife and son. 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. Parker has 12 years of experience in the real estate industry leading strategic business development across several asset classes. 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. After Turner Construction, Liam joined URBN, the publicly traded parent company of Urban Outfitters, Anthropologie, Free People, and Terrain. Tom currently resides in New Jersey with his wife and three children. Alterra Property Group managing partners Leo Addimando, who founded the company, and Matt Pfeiffer, A Nashville, Tennessee industrial outdoor storage facility owned by Alterra Property Group and leased to Maxim Crane Works. The 2007-2008 Financial Crisis: An Avalanche Smashes the Ski Industry. They often pressure management teams into making quick and decisive business decisions, such as laying off employees or selling core business units. Upon moving to PA, she began working at Liberty Property Trust as a Paralegal, transitioning to Director of Due Diligence after 11 years. Leah is a graduate of Temple University with a Bachelors degree in Communications. Copyright 2023 Surperformance. Real estate prices are closely tied to interest rates because investors require mortgages and loans. Prior to joining Alterra, Liam was with Turner Construction in the Philadelphia Business unit, gaining experience in the field and developing project management experience. Parker resides in downtown Chicago with his wife and two children. The company purchased Sandestin Resorts in Florida for $130 million in 1998. Alterra currently manages 2000+ upscale residential apartments under our residential management division APG Living. Daniel Jarvis, previously CFO of Intrawest, led this new group. Prior to Alterra, Tom worked for several private real estate equity firms in the Philadelphia area within multiple real estate asset classes. in Finance with a concentration in Real Estate from the Pennsylvania State University. 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. Real Estate Investment, Development and Management. January 31, 2014. 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. Because of the turbulent global economy, Intrawest faced significant financial distress. With smaller transactions that average between $5-20MM and are below the radar of most institutional investors, Alterra is able to curate high quality national portfolios of IOS real estate. Number. Required fields are marked *, Notify me of followup comments via e-mail. Falk, Martin, and Sigbjorn Landazuri Tveteraas. Accessed April 17, 2023. https://www.perenews.com/fortress-buys-intrawest-for-2-8bn/. More on the banning of snowboarding, on one chair ski lifts, and limited use of artificial snow. Mattattended Arizona State with a degree in Business Administration Marketing. Accessed April 26, 2023. https://www.travelweekly.com/Travel-News/Hotel-News/Jensen-hire-means-a-sharper-focus-on-hotel-ski-business-for-Intrawest. Last modified April 28, 2010. William P. Hankowsky was Chairman, President, and Chief Executive Officer of Liberty Property Trust, until February, 2020. Alterra Property Group. Accessed April 26, 2023. https://www.reuters.com/article/us-intrawestresorts-ipo-idUSBREA0U1EM20140131. 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. degradable, Indiana Plant 2213 Killion Ave Seymour, IN 47274 +1(812) 271-1891. Municipalities arent creating more outdoor storage, but every MSA needs it for its supply chain infrastructure.. Gavin focuses on acquisition opportunities and asset management functions at Alterra Property Group. 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. Alterra has closed over $1.5B of real estate transactions. "There are the zoning restrictions, and traditional industrial investors have converted a number of IOS properties. She brings over 15 years of marketing and project management experience in multi-family housing, student living, and furnished corporate accommodations. Formerly at Fischer & Company, he spent his time working on all facets of strategic portfolio management and planning for numerous Fortune 500 companies through periods of both rapid network expansion and contraction. January 20, 2010. 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. 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. See reviews, salaries & interviews from Alterra Home Loans employees in Chino, CA. In addition, he is responsible for raising and structuring equity and debt for Alterras ongoing business initiatives. Save my name, email, and website in this browser for the next time I comment. Alterra recently announced a $500 million program for 2023 specifically to enhance guest and employee experiences. She remained at Liberty until February 2020 when it was acquired by Prologis. 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. Prior to joining Alterra, Chelsea was a Lease Management Analyst within the accounting department at Gopuff, a Philadelphia based startup. The companys industrial outdoor storage platform focuses on acquiring and developing industrial sites throughout the United States. Based on Alterra's continued success in fundraising for IOS and executing multifamily projects in Philly, its best return has come from the investments it made in talent. Liberty was acquired by Prolog is in February, 2020 for $13B. The firm raised CAD$26 million through the initial public offering (IPO) to use in acquiring more ski assets, such as purchasing Mont Tremblant for $22 million in 1991. Am I spending five fewer hours a week than I used to on the minutiae of multifamily?" Alterra Property Group The rendering above shows Alterra Property Group and JRKP Architects' proposed six-story project at 4200 Market Street in West Philadelphia. On March 21, 1990, Intrawest filed with the Toronto Stock Exchange to trade under the ticker ITW. Co-Founder & Managing PartnerLeo Addimando 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. He lives in the greater Atlanta area with his wife. 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. Chelsea holds her Bachelors of Business Administration in Marketing from the University of Pittsburgh. Before working at Orbitz, Leo worked as an Associate for the Boston Consulting Group. 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. 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. Alterra Property Group, LLC (Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. Alterra Developments Official Website Altria Group, Inc. (MO) Stock Price, News, Quote & History Whereas financial executives ran Intrawest under Fortress ownership, KSL and Aspen Skiing Company instead appointed experienced operators, such as the former CEO of Mammoth Mountain Rusty Gregory. 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. 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. Alterra Property Group 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. Designed by Juggernaut Work. How Multifamily Developer Alterra Property Group Became A Big Announcing Alterra Mountain Company: A Family of 12 Iconic Mountain Destinations in North America. Alterra Mountain Company. Gillian 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. SEC EDGAR website. Parker has 12 years of experience in the real estate industry leading strategic business development across several asset classes. Alterra Mountain Company. All Rights Reserved. Mattcurrently resides in La Jolla, CA with his wife, daughter and son. Accessed April 17, 2023. https://www.bamsec.com/filing/114036116084750?cik=1587755. Mark was born and raised in the Philadelphia area and currently resides in South Jersey with his wife and three children. Alterra This is not a step 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. 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. Lauren works closely with all members of the Industrial Outdoor Storage team on transactions, due diligence, compliance, and insurance. The company is comprised of a highly qualified team of professionals that handle all Last modified January 20, 2010. 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. 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. Alterra Capital Holdings Ltd : Markel And Alterra Shareholders Overwhelmingly Approve Acqu.. ALTERRA CAPITAL HOLDINGS LTD : Ex-dividend day for.
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