Chelsea holds her Bachelors of Business Administration in Marketing from the University of Pittsburgh. From the onset, the new investors prioritized the customers, employees, and surrounding communities of Intrawests portfolio. He began his career in real estate at Blackstone (2007-2012). Use the form below to reset your password. He was formerly the head of real estate for an international transportation and logistics company. 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 Roanoke Times commented in 1995 that Intrawest has averaged 25 percent annual growth in skier visits. Alterra views property management as a core division in our company. 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. He has been on the Board of Citizen Financial Group from 2006 and on the Audit and Compensation and Human Resources Committees. As the analysis proves, private equity played a catalytic role in the development of Alterra and while there were serious setbacks and periods of distress, the overall impact was positive on both the company and industry as a whole. These investments reflected broader positive trends in the real estate market during the 1990s driven by the 5-percent decline in the Federal Funds Rate from 1990 to 1993. Since 2005, Alterra has executed hundreds of real estate transactions across 30+ states, including the acquisition of over 100 industrial outdoor storage properties over the past 5+ years. Prior to joining Alterra, Matt focused on acquisitions on the East Coast for CenterSquare, a real estate private equity firm located in Philadelphia. 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. 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. WebFree access to listings of Alterra Homes. Alterra Property Group, LLC is a diversified real estate acquisition, development and management company based in Philadelphia, PA. BamSEC website. Alterras real estate platform is strategically focused on our two core competencies ofresidential/mixed-usedevelopment (APG Living), andindustrial outdoor storage (IOS). ControllerLacee Daniel, CPA 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. Granito, Alison. Maximizing Value in the Real Estate Private Equity Space: Expansion, Competition, and Alliance. The Journal of Private Equity, vol. Liam is a graduate of Stony Brook University with a BS in Economics. Eventually, Intrawest expanded into the U.S. in 1994 by acquiring Stratton Mountain in Vermont. This community is located in the southern section of Chino Hills, off the Soquel Canyon Road exit of the 71 Freeway. Bloomberg News. 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. Throughout his career he has traveled extensively, leading millions of square feet of projects from inception to completion in 24 different states. VP - IndustrialMark GannonMark focuses on sourcing, underwriting and acquisition due diligence for Alterras Industrial Outdoor Storage platform. Senior Advisor - Industrial Outdoor StorageWilliam P. HankowskyWilliam P. Hankowsky was Chairman, President, and Chief Executive Officer of Liberty Property Trust, until February, 2020. Six years later, it hasanational, institutionally backed portfolio of IOS properties, but is still a Philly-focused multifamily developer. Prior to joining Alterra, Gavin was an Associate at Rubenstein Partners since 2019, where he worked on office acquisitions for the companys equity portfolios as well as loan originations for the companys mortgage fund. Currently, Gillian lives in Philadelphia with her fianc-to-be and two lovely cats. Improvements, facilities and programs are in formative stages. in Finance with a concentration in Real Estate from the Pennsylvania State University. Prior to joining Alterra, Liam was with Turner Construction in the Philadelphia Business unit, gaining experience in the field and developing project management experience. Liam lives in Philadelphia with his Wife and two Mutts. Real estate prices are closely tied to interest rates because investors require mortgages and loans. 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. Accessed April 26, 2023. https://www.reuters.com/article/us-intrawestresorts-ipo-idUSBREA0U1EM20140131. 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. in Finance from Villanova University, and a law degree from the Villanova School of Law. 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. Alterra Property Group, LLC (Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. During his career, Liam has managed development and construction of projects ranging from historically significant adaptive reuse to technical healthcare facilities including a BSL3 to mixed-use developments. Thus, Fortress likely needed to sell some, or all, of its stake in Intrawest. Throughout his career he has traveled extensively, leading millions of square feet of projects from inception to completion in 24 different states. She is responsible for managing the overall marketing strategy for the residential portfolio to include digital marketing/ advertising, social media, and product launch. For example, within the first season of owning Stratton, four high-speed chairlifts were installed, improving the skier experience. 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. 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). Leah is a graduate of Temple University with a Bachelors degree in Communications. Your email address will not be published. William P. Hankowsky was Chairman, President, and Chief Executive Officer of Liberty Property Trust, until February, 2020. Alterras value creation and capital reinvestment efforts surround three primary facets the customers, employees, and environment to create a better mountain experience. The Alterra IOS team brings an institutional comprehension of the municipal, environmental, and logistical complexities in acquiring, leasing, and occupying mission-critical real estate for this often-overlooked sector of the U.S. industrial landscape. A wealth of experience, thought, planning, and process go into every project, resulting in communities that are carefully considered and exceptionally executed, down to the last detail. 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. He also holds a LEED AP designation under the USGBC. Alterra Property Group. Alterra Property Group, LLC(Alterra) is an established real estate investment, development, and management company based in Philadelphia, PA. Prior joining Alterra, Gillian served as an Asset Management Associate for Rubenstein Partners L.P. focusing on budgeting, financing, performance projections, and cash management for over $3B AUM. The constant shifts, setbacks, and advancements over the last 40 years for Alterra demonstrate the greater resiliency of the ski industry. Previously, Gavin worked at HFF in Philadelphia on the debt and equity placement team. Copyright 2010 2022. Originally from Baltimore, Lacee currently resides in the East Passyunk area of Philadelphia. ET:A previous version of this article misstated the nature of its first deal with Maxim, what year Alterra acquired Maxim's portfolio of industrial outdoor storage properties and the total value of its most recent fund. 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. Alterra focuses on acquiring low density, supply chain and infrastructure real estate in core infill locations. Accessed April 18, 2023. https://nypost.com/2010/01/20/intrawest-foreclosure-a-threat-to-olympics/. Accessibility Statement. DIRECTOR - IOS DEVELOPMENTJon Cordingley While the Global Financial Crisis exposed some risks in working with private equity firms, without the financial support and knowledge of Fortress investors, Intrawests story could have taken a turn for the worse, adding its name to a long list of failed companies in 2008-09. However, in a 2016 study, Professors Marijke Taks and Jona Ragoen found that ski participation in recessions broadly declines. 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 WebThe Alterra IOS team brings an institutional comprehension of the municipal, environmental, and logistical complexities in acquiring, leasing, and occupying mission-critical real Accessed April 18, 2023. https://www.sec.gov/Archives/edgar/data/1587755/000156761913000131/s000092x2_s1.htm. Copyright 2010 2022. 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. Holding positions in both Development and Construction, Liam successfully brought to market projects throughout the U.S. and Canada. Through the purchase of Intrawest, KSL and Aspen Skiing Company now owned 12 mountains across the U.S. and Canada, including Palisades Tahoe, Deer Valley, and Mammoth Mountain. Shares of Debt-Heavy Intrawest Resorts Fall in Debut. Reuters. 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. Travel Weekly, January 21, 2008. 2, (Spring 2015): 5970. Clausing, Jeri. jane.doe@alterraproperty.com), which is being used by 60.6% of Alterra Property Group LLC work email addresses. 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. 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. 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 Aspenwares customer service software or the Ikon pass ticket platform. Gavin focuses on acquisition opportunities and asset management functions at Alterra Property Group. All Rights Reserved. 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 Aspenwares customer service software or the Ikon pass ticket platform. Alterra recently announced a $500 million program for 2023 specifically to enhance guest and employee experiences. Six months later, it secured a $100M credit facility with Morgan Stanley for the same purpose. 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 He grew Liberty to be one of the nations leading REITs with 112million square feet logistic portfolio across 24 US markets and the United Kingdom. Mark was born and raised in the Philadelphia area and currently resides in South Jersey with his wife and three children. 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. In 2013, Intrawest filed with the SEC on November 12 to become a publicly-traded company under the ticker SNOW. He led all leasing, asset management and development for both the industrial and office portfolio. 920 Yonge Street, Suite 1000 Contact. I know where to be pushing rentsand where concessions are needed" across Alterra's properties, he said. in Finance from Georgetown University. 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. She remained at Liberty until February 2020 when it was acquired by Prologis. Daniel Jarvis, previously CFO of Intrawest, led this new group. She is responsible for managing the overall marketing strategy for the residential portfolio to include digital marketing/ advertising, social media, and product launch. 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. Taks, Marijke and Ragoen, Jona. Search jobs. 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. Supply of IOS is constrained for a few reasons," said Matt Pfeiffer, Addimando's fellow managing partner who runs the day-to-day operations of the IOS business. She brings to Alterra a strong understanding of real estate marketing, sales leadership, and team development. Charlie is a 2010 graduate of Georgetown University and he currently resides in Pittsburgh with his wife and son. Last modified January 20, 2010. Matt oversees all investment and asset management activity for Alterra. Stratton was a four-season resort, making it a lucrative investment for Intrawest beyond the ski season. Charlie is a 2010 graduate of Georgetown University and he currently resides in Pittsburgh with his wife and son. Gillian earned her bachelors degree in Architecture from Tsinghua University. Every major city in the country needs IOS real estate to support its infrastructure, logistics, and transportation industries. 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.
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