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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. Rory is a graduate from Temple University with a Bachelors Degree in Accounting. She also has a masters degree from the University of Pennsylvania. 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.. 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. Announcing Alterra Mountain Company: A Family of 12 Iconic Mountain Destinations in North America. Alterra Mountain Company. 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. Jensen Hire Means a Sharper Focus on Hotel Ski Business for Intrawest. Travel Weekly. Chief Financial OfficerThomas Baker, CPA Director - IOS ConstructionLiam Sullivan Alterras real estate platform is strategically focused on our two core competencies ofresidential/mixed-usedevelopment (APG Living), andindustrial outdoor storage (IOS). 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. Parker resides in downtown Chicago with his wife and two children. 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. WebCompany profile page for Alterra Mountain Co including stock price, company news, press releases, executives, board members, and contact information Most recently,Jonwas a project management Lead at Rivian Automotive, where he supported the development of Rivians $5B East Atlanta campus. Cochran, Bill. Jim graduated with a BS from Penn State University and a JD from Washington & Lee School of Law. In 1996, they purchased 31% of Mammoth Mountain in California. 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. Last modified May 4, 2006. Taks, Marijke and Ragoen, Jona. Maximizing Value in the Real Estate Private Equity Space: Expansion, Competition, and Alliance. The Journal of Private Equity, vol. Accessed April 17, 2023. https://corpgov.law.harvard.edu/2022/09/02/dealing-with-activist-hedge-funds-and-other-activist-investors-5/. 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. Deputy General CounselJim Freeman, Esq.Jim Freeman serves as Deputy General Counsel of Alterra Property Group, LLC. SVP- Development & ConstructionMark Cartella 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. 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. 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. Travel Weekly, January 21, 2008. VP - Asset ManagementJeff SchaefferJeff oversees all asset management functions for Alterra Property Group. Prior to Exeter, Mark was an Assistant Vice President at AEW Capital Management, focused on East Coast acquisition opportunities. This investment fundamentally shifted the strategic focus of Intrawest and the development of the ski industry at large. Alterra Mountain Company. Jeffs responsibilities at Alterra include managing all aspects of legal, finance, risk-management and operational matters for the company, as well as collaborating with his Partners on the firms investment decisions. degradable, Indiana Plant 2213 Killion Ave Seymour, IN 47274 +1(812) 271-1891. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. 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. In addition, he is responsible for raising and structuring equity and debt for Alterras ongoing business initiatives. Prior to joining Alterra, Liam was with Turner Construction in the Philadelphia Business unit, gaining experience in the field and developing project management experience. This community is located in the southern section of Chino Hills, off the Soquel Canyon Road exit of the 71 Freeway. Last modified April 10, 2017. Coping with Recession in the Ski-Industry: A Suppliers and Consumers Perspective. Journal of Sports Management and Commercialization, January 5, 2016. Enter your email below. With the looming collapse, Intrawest entered into a restructuring plan on April 28, 2010 to refinance $1.2 billion of loans. 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. Mark focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. 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 He has also held several senior positions with Philadelphia based development groups, including Shift Capital, a mission based Social Impact Fund. 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. As institutional investors seek more diversification within their real estate portfolios, Alterra has clearly positioned itself as a leader within the IOS space. 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. 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. Associate Transactions & ComplianceLauren OlsonLaurenjoined Alterra Property Group in May 2022 as part of the legal, acquisitions and asset management teams. [last] (ex. 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. The rendering above shows Alterra Property Group and JRKP Architects' proposed six-story project at 4200 Market Street in West Philadelphia. Liam joined Alterra to bolster the strengths and add experience to the Development Team. 2, (Spring 2015): 5970. They often pressure management teams into making quick and decisive business decisions, such as laying off employees or selling core business units. He received a Bachelor of Arts degree in economics from Brown University. SVP- Development & ConstructionMark CartellaMark 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. We need additional data to finish your registration. 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. Throughout his career he has traveled extensively, leading millions of square feet of projects from inception to completion in 24 different states. Fortress is a private equity firm that invests in businesses with strong asset bases and cash flows, such as real estate. 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. Upcoming regulations in the European Union require us to show this pop-up and ask you to agree to keep using Bisnow.com. Previously, he spent time in several asset management roles at Resource Real Estate, a multibillion-dollar series of privately held real estate funds, primarily focused on multifamily asset transformation through value-add redevelopment efforts. WebAlterra Property Group Real Estate Investment, Development and Management Who We Are Alterra Property Group, LLC (Alterra) is an established real estate investment, He currently resides in South Philadelphia. Addimando remains deeply involved in the company's strategy in the sector, and he served as president of the Building Industry Association's Philadelphia chapter last year. 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. Matt played an integral part in the formation of Alterras Industrial Outdoor Storage platform and oversees the day-to-day acquisitions and asset management initiatives of that platform. Director - IOS ConstructionLiam SullivanLiam works as Senior Development Manager focusing on Mixed Use and Industrial projects. Last modified January 21, 2008. 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. "He quickly responded, put us with some local contacts and we had multiple options within a month.". WebFind the latest Altria Group, Inc. (MO) stock quote, history, news and other vital information to help you with your stock trading and investing. 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. He received a Bachelor of Arts degree in economics from Brown University. Jonhas completed projects working in a range of environments including industrial, manufacturing, hospital, lab expansions and corporate occupier. Copyright 2023 Bisnow. Jonhas completed projects working in a range of environments including industrial, manufacturing, hospital, lab expansions and corporate occupier. Jonearned a Master and Bachelor of Architecture from Texas Tech University, as well as a Master of Real Estate from Georgetown University. Alterra views property management as a core division in our company. 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 Save my name, email, and website in this browser for the next time I comment. WebManage Products and Account Information Support Americas +1 212 318 2000 EMEA +44 20 7330 7500 Asia Pacific +65 6212 1000 Company About Careers Diversity and Alterra Property Group. Liberty was acquired by Prolog is in February, 2020 for $13B. "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.. Miller, Scott N. Layoffs, Cutbacks Hit Vail Resorts. The Aspen Times. Senior Advisor - Industrial Outdoor StorageWilliam P. HankowskyWilliam P. Hankowsky was Chairman, President, and Chief Executive Officer of Liberty Property Trust, until February, 2020. Leah is a graduate of Temple University with a Bachelors degree in Communications. Matt has an MBA from the Wharton School of the University of Pennsylvania and a B.S. 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. Alterra Capital Holdings Ltd : Markel to Acquire Alterra for Approximately $31 Per Share i.. Alterra Capital Holdings Ltd : Alterra Announces an Increase in the Capitalization of New .. Alterra Capital Holdings Ltd : Alterra to Partner with Ullico Casualty Group for US Profes.. Alterra Capital Holdings Ltd : Alterra Capital Reports Third Quarter 2012 Results.