In his role at StoneMor, Jim oversaw and managed all real estate and commercial matters relating to the acquisition, disposition, ownership, leasing, development and operation of 400+ properties located throughout the United States. We are always growing! Coping with Recession in the Ski-Industry: A Suppliers and Consumers Perspective. Journal of Sports Management and Commercialization, January 5, 2016. He has also held several senior positions with Philadelphia based development groups, including Shift Capital, a mission based Social Impact Fund. Throughout his career he has traveled extensively, leading millions of square feet of projects from inception to completion in 24 different states. Alterras real estate platform is strategically focused on our two core competencies ofresidential/mixed-usedevelopment (APG Living), andindustrial outdoor storage (IOS). Director - IOS ConstructionLiam Sullivan Prior to Alterra, Tom worked for several private real estate equity firms in the Philadelphia area within multiple real estate asset classes. VP - Industrial TransactionsCarolyn BarrJoining 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. New Owner Will Change Snowshoe. The Roanoke Times, October 2, 1995. Alterra Property Group. 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. Subscribe to Bisnow's Philadelphia Newsletters. Chelsea holds her Bachelors of Business Administration in Marketing from the University of Pittsburgh. The catalyst for Alterra's expansion was when Addimando's friend Frank Bardonaro calledon behalf of his company, Maxim Crane Works. Last modified December 5, 2008. Intrawests stock traded around $33 per share; however, Pirate Capital publicly stated that they valued the stock at $45 per share and pressured management to undergo a strategic review. 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. She remained at Liberty until February 2020 when it was acquired by Prologis. Associate Transactions & ComplianceLauren OlsonLaurenjoined Alterra Property Group in May 2022 as part of the legal, acquisitions and asset management teams. Jonearned a Master and Bachelor of Architecture from Texas Tech University, as well as a Master of Real Estate from Georgetown University. Intrawest found a niche in the Canadian ski market as it was less developed than the U.S. in the 1980s and 90s. Following the transaction announcement, Intrawests CEO Thomas Marano commented, Our new partners bring additional financial resources and a shared passion for the mountains and our communities. KSLs CEO Eric Resnick added: Each resort has its own unique story and its own unique sense of place. Alterra Property Group. Dimri, Neha. This positive influence will continue as private equitys role in the industry grows. Jeff received an MBA and a B.A. 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). Co-Founding Partner & General CounselJeff PustizziJeff is a Partner, General Counsel and Co-Founder of Alterra Property Group. Jonearned a Master and Bachelor of Architecture from Texas Tech University, as well as a Master of Real Estate from Georgetown University. Parker focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. 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. Liam joined Alterra to bolster the strengths and add experience to the Development Team. Associate - Asset ManagementGillian Zhao On the public side, Tom gained extensive real estate accounting and auditing experience while working for the operations and development teams of a global real estate investment trust and as an assurance auditor for PricewaterhouseCoopers (PwC) in their asset management practice (Funds and Real Estate). Previously, she worked in leasing and property management at PMC Property Group. We understand that we have a responsibility. I know where to be pushing rentsand where concessions are needed" across Alterra's properties, he said. 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.. Last modified March 21, 2023. Applications, Sports, Toll Compounding, Product Development, Parker resides in downtown Chicago with his wife and two children. 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. Intrawest Resort Holdings, Inc. Form S-1 2016. Holding positions in both Development and Construction, Liam successfully brought to market projects throughout the U.S. and Canada. Jeff began his career as a consultant within Deloitte Consultings Strategy and Operations practice, focusing on organizational growth strategy and opportunities with large, global clients. Accessed April 26, 2023. https://www.reuters.com/article/us-intrawestresorts-ipo-idUSBREA0U1EM20140131. Alterra has established itself as an early entrant and market leader within the IOS space. William P. Hankowsky was Chairman, President, and Chief Executive Officer of Liberty Property Trust, until February, 2020. The IOS market is a $200BN market that is highly fragmented with limited institutional ownership. Liam is a graduate of Stony Brook University with a BS in Economics. After Turner, Mark worked 7 years at one of Philadelphias preeminent professional project management/real estate services company, Aegis Property Group. Mattcurrently resides in La Jolla, CA with his wife, daughter and son. Prior to joining Alterra, Matt focused on acquisitions on the East Coast for CenterSquare, a real estate private equity firm located in Philadelphia. We need you to be ok with our use of information like your general location or reading habits to personalize your experience, so we can suggest the right stories to read or events for you to attend. Additionally, she is a Notary Public and a licensed Real Estate Salesperson. Dealing with Activist Hedge Funds and Other Activist Investors. Web log. 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. Toronto, Ontario M4W 3C7, Phone. Interested in joining our team? He was formerly the head of real estate for an international transportation and logistics company. Real estate prices are closely tied to interest rates because investors require mortgages and loans. Mark has a Bachelors degree from the University of Pennsylvania and currently resides outside of Philadelphia with his wife and son. 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. ControllerLacee Daniel, CPALacee joined Alterra in September 2018 as a senior accountant working directly with Alterras investment partners. He has also held several senior positions with Philadelphia based development groups, including Shift Capital, a mission based Social Impact Fund. This is not a step SVP- IndustrialCharlie Totten 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. 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 . Parker spent his time working on optimizing terminal locations across the country. At the time, it managed over $30 billion. Canada went through a recession in the early-1980s from rising inflation, thus creating a bad economy for foreign investors to enter and compete against Intrawest. Currently, Gillian lives in Philadelphia with her fianc-to-be and two lovely cats. Save my name, email, and website in this browser for the next time I comment. Jonhas completed projects working in a range of environments including industrial, manufacturing, hospital, lab expansions and corporate occupier. Associate Transactions & ComplianceLauren Olson We want to take 15 seconds to tell you what's going on: Sound good? Improvements, facilities and programs are in formative stages. September 8, 2016. 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 Jensen previously served as president of Vail Resorts Mountain Division. WebMasar Group. Gillian earned her bachelors degree in Architecture from Tsinghua University. Thank you for your message. 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. Tom holds a Bachelors Degree in Accounting from West Chester University and is a Certified Public Accountant for the Commonwealth of Pennsylvania. WebThe Alterra IOS team brings an institutional comprehension of the municipal, environmental, and logistical complexities in acquiring, leasing, and occupying mission-critical real 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. Accessibility Statement. Director of MarketingLeah McVayLeah McVay joined Alterra Property Group in September of 2017. Prior to joining Alterra, Lacee worked for RSM US LLP where she performed/provided transaction advisory due diligence and assurance services to her clients, which included Real Estate. Tom currently resides in New Jersey with his wife and three children. 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. Accessed April 18, 2023. https://www.aspentimes.com/news/layoffs-cutbacks-hit-vail-resorts/. 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. BamSEC website. Alterra has closed over $1.5B of real estate transactions. 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 (Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. Electrical and Electronics, Industrial WebAlterra Property Group Real Estate Investment, Development and Management Who We Are Alterra Property Group, LLC (Alterra) is an established real estate investment, 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. 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. This has piqued the interest of financial firms in both the private and public markets to create a more profitable and efficient industry for customers, employees, and investors alike. Liam lives in Philadelphia with his Wife and two Mutts. 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. This master planned Before Rivian, he completed projects as a project management consultant, most recently as an Associate Director at Turner & Townsend. This included leasing, disposing of, and acquiring millions of square feet of real estate projects from inception to completion as well as developing strategic planning within their real estate, finance, and executive levels. Accessed April 17, 2023. https://www.hedgeco.net/news/05/2006/pirate-capital-hedge-fund-boosts-stake-in-intrawest.html. It was not for another decade that the firm became interested in the ski industry. He has 17 years of experience in the real estate industry, including 12 exclusively in the IOS sector. WebAlterra Property Group contact info: Phone number: (267) 414-4954 Website: www.alterraproperty.com What does Alterra Property Group do? 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 Eventually, Intrawest expanded into the U.S. in 1994 by acquiring Stratton Mountain in Vermont. Roy, Priya A. In developingand managing properties hyperlocally like were doing in Philadelphia and Greater, Also subscribe to Bisnow's Industrial Newsletter, Weekend Interview: Keystone Development + Investment's Rich Gottlieb On Improving Offices While Relying Less On Them, Spark Therapeutics Signs 63K SF Lease At King Of Prussia's Discovery Labs, Center City Report: Phillys Dual Business Taxes Are Making Its Downtown Office Drain Worse, Judge Overturns Zoning Permit For Already-Open Center City Dining, Gambling Venue, national, institutionally backed portfolio. He led all leasing, asset management and development for both the industrial and office portfolio. Material Development, Formula Development, A vertically integrated real estate company focused on deploying institutional discretionary capital to acquire and develop Industrial Outdoor Storage (IOS) throughout the United States. SVP- Development & ConstructionMark Cartella 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. End-of-day quote Nasdaq Modelling the Wider Effects of Ski Lift Investments. Empirical Economics (February 27, 2019): 259274. 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. 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 Accessed April 17, 2023. https://www.perenews.com/fortress-buys-intrawest-for-2-8bn/. 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. His clients include Tesla, Rolls-Royce, Chevron, and ExxonMobil Global Real Estate, among others. 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.
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