Please try again later. WebFind the latest Altria Group, Inc. (MO) stock quote, history, news and other vital information to help you with your stock trading and investing. The companys industrial outdoor storage platform focuses on acquiring and developing industrial sites throughout the United States. Jeff is a Pennsylvania licensed Real Estate Broker. She currently resides in South Philadelphia with her fianc and their dog. Gavin graduated from the University of Delaware where he majored in Finance and currently lives in Center City Philadelphia. Ski Development and Strategy. Tourism and Hospitality Planning & Development 4, no. Improvements, facilities and programs are in formative stages. Liberty was acquired by Prolog is in February, 2020 for $13B. 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. Lacee holds a Masters in Accounting from the University of Maryland-College Park and an undergraduate degree in accounting from the College of Charleston. 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. Matt has an MBA from the Wharton School of the University of Pennsylvania and a B.S. Clydesdale, Greg. 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. "He quickly responded, put us with some local contacts and we had multiple options within a month.". Alterra Property Group Liam joined Alterra to bolster the strengths and add experience to the Development Team. Co-Founder & Managing PartnerLeo AddimandoLeo Addimando is a Managing Partner and Co-Founder of Alterra Property Group, LLC (Alterra). She brings over 15 years of marketing and project management experience in multi-family housing, student living, and furnished corporate accommodations. Alterra IOS Home - Alterra IOS After Turner, Mark worked 7 years at one of Philadelphias preeminent professional project management/real estate services company, Aegis Property Group. Plenty of commercial real estate companies operate in multiple asset classes, but few have a portfolio like Alterra Property Group. -, 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. WebAlterras leadership is strong with cross-disciplined industry-experienced leaders dedicated to quality, innovation customer partnership, and product development. 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. "Were evaluating development opportunities in other markets right now, taking the modular development approach weve honed in Philadelphia. Alterra Mountain Company. in Finance from Georgetown University. Alterra Wynwood VP - IndustrialParker PearsonParker focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. The company grew to $524 million in revenue with over six million visitors across its resorts in 2013. Leo has an MBA from the Harvard Business School (HBS) and a B.A. Addimando said. There was an error trying to send your message. He received a Bachelor of Arts degree in economics from Brown University. Mark has a Bachelors degree from the University of Pennsylvania and currently resides outside of Philadelphia with his wife and son. All rights reserved. He holds a B.S. 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). By December 2019, Alterra had formed a $300M joint venture backed by JPMorgan Chase to acquire IOS properties. Lauren earned her bachelors degree from Arcadia University and currently resides in Philadelphia. Holding positions in both Development and Construction, Liam successfully brought to market projects throughout the U.S. and Canada. 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 . 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. WebAlterra Property Group B07 Matt oversees all investment and asset management activity for Alterra. 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. Bloomberg News. She is responsible for managing the overall marketing strategy for the residential portfolio to include digital marketing/ advertising, social media, and product launch. Alterra Property Group, LLC is a diversified real estate acquisition, development and management company based in Philadelphia, PA. Before Rivian, he completed projects as a project management consultant, most recently as an Associate Director at Turner & Townsend. Necessity is the mother of invention," Addimando said. 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. From the onset, the new investors prioritized the customers, employees, and surrounding communities of Intrawests portfolio. Jeff received an MBA and a B.A. Our news is free and we intend to keep it that way. 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 . Alterra Property Group is a real estate development, investment and management company with more than $2 billion in real estate investments. Jeff is a Partner, General Counsel and Co-Founder of Alterra Property Group. Upcoming regulations in the European Union require us to show this pop-up and ask you to agree to keep using Bisnow.com. Fortress is a private equity firm that invests in businesses with strong asset bases and cash flows, such as real estate. Alterra Homes for sale in Chino Hills, Ca. Moving to the Mountain: Aspens Dominance in Public Transportation. Over the course of x years, Alterra has acquired, developed and managed more than x mixed use properties. Parker resides in downtown Chicago with his wife and two children. PR. Jensen previously served as president of Vail Resorts Mountain Division. Upon moving to PA, she began working at Liberty Property Trust as a Paralegal, transitioning to Director of Due Diligence after 11 years. Copyright 2010 2022. Real estate prices are closely tied to interest rates because investors require mortgages and loans. Associate - Acquisitions & Asset ManagementGavin Weaver Today, Addimando admits he knew little about Boston as a real estate market and even less about a little-known niche of industrial property. Your email address will not be published. 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. Alterras real estate platform is strategically focused on our two core competencies ofresidential/mixed-usedevelopment (APG Living), andindustrial outdoor storage (IOS). Last modified April 10, 2017. Material Development, Formula Development, Alterra Capital Holdings Ltd : Markel Reports 2012 Financial Results. Alterra Property Group developed one of the largest multifamily buildings in the U.S. in West Philly, selling it for $88M earlier this year. Liam lives in Philadelphia with his Wife and two Mutts. 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. Sean graduated from Boston University where he majored in Finance and was a member of the mens lacrosse team. Venture II was oversubscribed, closing $524MM of total commitments, exceeding the original fundraising goal of $400MM. Director of MarketingLeah McVayLeah McVay joined Alterra Property Group in September of 2017. Prior to Alterra, Tom worked for several private real estate equity firms in the Philadelphia area within multiple real estate asset classes. Over 17+ years as a real estate entrepreneur, Leo has gained experience with a diverse range of real estate product types, acquired industrial properties in 30+ US States, closed over $2.5B of real estate transactions, acquired or developed over 3,500 residential units, structured dozens of complex transactions, and overseen all aspects of numerous residential, commercial, industrial, and mixed-use real estate development projects. On March 21, 1990, Intrawest filed with the Toronto Stock Exchange to trade under the ticker ITW. Noting that the staggering amount of capital looking to invest in value-add multifamily has all but erased the possibility of getting a satisfactory return, Alterra has committed to modular development as a way to control and reduce construction costs, betting that when it stabilizes and sells a property, investors won't care how it was built. 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. Alterra focuses on acquiring low density, supply chain and infrastructure real estate in core infill locations. Every homeowner becomes a member of the Alterra family, a legacy going on 50 years. 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. and striving to provide real estate solutions to tenants. Previously, Greg was a Sup ervisor, Maintenance at American Management and also held positions at WinnCompanies, Village Green Companies. Roy, Priya A. in Finance with a concentration in Real Estate from the Pennsylvania State University. Eventually, Intrawest expanded into the U.S. in 1994 by acquiring Stratton Mountain in Vermont. DIRECTOR - IOS DEVELOPMENTJon Cordingley 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. "There are the zoning restrictions, and traditional industrial investors have converted a number of IOS properties. Liam is a graduate of Stony Brook University with a BS in Economics. January 31, 2014. Sean graduated from Boston University where he majored in Finance and was a member of the mens lacrosse team. SVP- Development & ConstructionMark Cartella He also holds a LEED AP designation under the USGBC. Some scholars suggest that the ski industry is recession-proof due to its affluent customer base. Mattattended Arizona State with a degree in Business Administration Marketing. All Rights Reserved. Ski Smarter, Not Harder: The Great Debate of Digital vs In-Person Ski Coaching, La Grave: How the Gravesite of Skiers Has Become the Champion of Extreme Snowsports Since the 80s, Liberating Women and Their Legs: Female Ski Fashions Shift to Pants in the Early 20th Century, Pirates, Private Equity, and Plows: The 40-Year Journey of Alterra Mountain Company, Instructing Kids to Ski: The Psychology, Training, and Curriculum behind Every Lesson, Behind the Vail: The Effect of Corporatization on New Skiers, Get Again to Get the job done Every person Outdoor Outing, White as Snow: An Examination of Race within Skiing. 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 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. Copyright 2010 2022. Parker has 12 years of experience in the real estate industry leading strategic business development across several asset classes. Rory is a graduate from Temple University with a Bachelors Degree in Accounting. 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. Copyright 2023 Bisnow. Previous to his career in real estate, Leo was an early employee of Orbitz.com, helping the company to develop ancillary revenue streams, the profitability of which contributed to the companys successful IPO in 2003. 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. Designed by Juggernaut Work. Most recently Carolyn worked at Capano Management Company as a Paralegal and Lease Negotiator. Liam works as Senior Development Manager focusing on Mixed Use and Industrial projects. (657) 247-2600 Park Madison Partners acted as the funds exclusive placement agent. He lives in the greater Atlanta area with his wife. 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. Designed by Juggernaut Work. JonCordingleyjoined Alterra in 2022 as Director of Development, supporting the companys industrial outdoor storage portfolio with over 14 years of experience. 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. Previous to his career in real estate, Leo was an early employee of Orbitz.com, helping the company to develop ancillary revenue streams, the profitability of which contributed to the companys successful IPO in 2003. All Rights Reserved. Since 2005 Alterra has acquired and managed dozens of mixed use and residential properties from sourcing to design, execution and management. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Parker focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. After Turner Construction, Liam joined URBN, the publicly traded parent company of Urban Outfitters, Anthropologie, Free People, and Terrain. Previously, Gavin worked at HFF in Philadelphia on the debt and equity placement team. End-of-day quote Nasdaq His clients include Tesla, Rolls-Royce, Chevron, and ExxonMobil Global Real Estate, among others. Altria Group, Inc. (MO) Stock Price, News, Quote & History