To increase and diversify revenues, Intrawest looked to rebrand itself as a leisure company instead of a ski resort operator in the late-1990s and early-2000s. Parker spent his time working on optimizing terminal locations across the country. He holds a B.S. Through 2011 and 2012, Intrawest and Fortress navigated its way out of the difficult economic period with less debt to position the business for long-term, sustained success. Stratton was a four-season resort, making it a lucrative investment for Intrawest beyond the ski season. Alterra Developments Official Website Over 53 communities developed. 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. 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. After Turner, Mark worked 7 years at one of Philadelphias preeminent professional project management/real estate services company, Aegis Property Group. Taks, Marijke and Ragoen, Jona. Some scholars suggest that the ski industry is recession-proof due to its affluent customer base. 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. Leo Addimando is a Managing Partner and Co-Founder of Alterra Property Group, LLC (Alterra). Daniel Jarvis, previously CFO of Intrawest, led this new group. April 29, 2023. https://www.hotel-online.com/News/PR2004_4th/Oct04_IntrawestMarket.html. Currently, in his role at Alterra, Leo oversees management of the firm, provides overall vision and leadership to the company, serves on its Investment Committee, raises capital, overseas residential, mixed-use, and industrial development, and spearheads the firms residential/mixed-use development and investment strategy. There was an error trying to send your message. Co-Founder & Managing PartnerLeo AddimandoLeo Addimando is a Managing Partner and Co-Founder of Alterra Property Group, LLC (Alterra). He has 9 years of experience in the real estate industry. Designed by Juggernaut Work. But Alterra'sacquisition of the sitefor leasing to Maxim led Bardonaro to realize the benefit of focusing more capital expenditure on his company's vehicle fleet. Tom currently resides in New Jersey with his wife and three children. 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. 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. Jim graduated with a BS from Penn State University and a JD from Washington & Lee School of Law. He has also held several senior positions with Philadelphia based development groups, including Shift Capital, a mission based Social Impact Fund. By mid-March, thefund had closed after raising $524M, wellabove its goal of $400M. In a Reuters article, Josef Schuster, a financier focused on IPOs, suggested that the market is getting more sensitive to where IPO proceeds go to, and favors firms where proceeds are earmarked for growth versus reducing leverage or going to selling shareholders. For Intrawest, the IPO proceeds were raised to reduce leverage and provide liquidity to selling shareholders instead of investing in new growth initiatives. Fortress missed a $524 million interest payment on the companys debt in early 2010. Mattattended Arizona State with a degree in Business Administration Marketing. He was formerly the head of real estate for an international transportation and logistics company. Alterra IOS Venture II, LP reaches $500 million hard cap 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. Intrawest garnered respect in the industry for its large reinvestments into its resorts. 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. Intrawest Resort Holdings, Inc. Intrawest Sets Its Sites on Global Leisure and Travel Market; Crosses $1.5 Billion Revenue Milestone. Hotel Online, October 20, 2004. WebAlterra Wynwood is an assisted living residence that is purposefully designed to meet the needs of the frail elderly in a comfortable, home-like environment. Associate - Acquisitions & Asset ManagementGavin WeaverGavin focuses on acquisition opportunities and asset management functions at Alterra Property Group. In 1996, they purchased 31% of Mammoth Mountain in California. "He quickly responded, put us with some local contacts and we had multiple options within a month.". Carolyns legal/real estate career began at law firms in Kalamazoo, MI (Legal Secretary) and then Atlanta, GA (Paralegal). Prior to Alterra, Tom worked for several private real estate equity firms in the Philadelphia area within multiple real estate asset classes. 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. Leah is experienced in implementing innovative systems and creative strategies resulting in established brand identity, enhanced customer engagement, and lead generation. 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. Ski Development and Strategy. Tourism and Hospitality Planning & Development 4, no. Accessed April 18, 2023. https://www.alterramtnco.com/news/announcing-alterra-mountain-company. For more information, please visit ParkMadisonPartners.com, Rosalia Scampoli (212) 537-5177, Ext. Alterra Pirate Capital Hedge Fund Boosts Stake in Intrawest. HedgeCo.Net. -, 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. Copyright 2010 2022. Accessed April 17, 2023. https://www.nytimes.com/1998/07/15/business/company-news-intrawest-acquires-sandestin-resorts-for-130-million.html. VP - Industrial TransactionsCarolyn Barr In a landmark move for the ski industry, and to better protect, sustain, and organize these unique assets, KSL and Aspen Skiing Company rebranded Intrawest as the Alterra Mountain Company on January 11, 2018. Accessed April 18, 2023. https://www.summitdaily.com/news/business/intrawest-announces-restructuring-of-debt/. 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. PR. WebAlterra Property Group Real Estate Investment, Development and Management Who We Are Alterra Property Group, LLC (Alterra) is an established real estate investment, Leah is a graduate of Temple University with a Bachelors degree in Communications. Creating a business model around that vision broke the mold in the hotel/retail/festival industry. This new strategy transformed how people viewed the ski industry. After Turner, Mark worked 7 years at one of Philadelphias preeminent professional project management/real estate services company, Aegis Property Group. Our dedicated, in-house team of acquisition, development, construction, leasing, and asset management professionals provide tenants the resources to grow and improve their businesses through site selection, development, and/or sale-leaseback transactions. Dimri, Neha. Prior to Alterra, Tom worked for several private real estate equity firms in the Philadelphia area within multiple real estate asset classes. Alterra currently manages 2000+ upscale residential apartments under our residential management division APG Living. 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). 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. [email protected]), which is being used by 60.6% of Alterra Property Group LLC work email addresses. Upcoming regulations in the European Union require us to show this pop-up and ask you to agree to keep using Bisnow.com. Intrawest Resort Holdings, Inc. Form S-1 2016. Last modified April 10, 2017. 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. Before Rivian, he completed projects as a project management consultant, most recently as an Associate Director at Turner & Townsend. Kosman, Josh. Falk, Martin, and Sigbjorn Landazuri Tveteraas. Parker has 12 years of experience in the real estate industry leading strategic business development across several asset classes. Prior to joining Alterra, Lauren worked at StoneMor, Inc., which she joined in 2017. Your email address will not be published. Currently, Gillian lives in Philadelphia with her fianc-to-be and two lovely cats. Venture II is a continuation of Alterras Industrial Outside Storage (IOS) investment strategy launched in 2016. Holding positions in both Development and Construction, Liam successfully brought to market projects throughout the U.S. and Canada. "There are the zoning restrictions, and traditional industrial investors have converted a number of IOS properties. Accessed April 18, 2023. https://nypost.com/2010/01/20/intrawest-foreclosure-a-threat-to-olympics/. 7 2022. alterra property group stockhtml5 interactive animation. Total Available Area: Entire site 11.5 acres, Total Available Area: 27,496 SF 6.6 acres, Total Available Area: 23,186 SF 4.75 acres, Total Available Area: 31,000 SF 6.2 acres, Total Available Area: 7,442 SF +/-3.86 acres, Total Available Area: 2,500 SF & 12,00SF Shop 4.9 acres, Total Available Area: Currently under construction, Total Available Area: 7,442 SF of office 19,750 SF shop building +/- 14 acres, Total Available Area: 19,280 SF 5.4 acres, Total Available Area: 37,900 SF 5.45 Acres, Total Available Area: 7.62 acres 177 trailer spaces, 7101 BRYHAWKE CIRCLE NORTH CHARLESTON, SC 29418, Total Available Area: FL 14,901 SF +/-3.87 acres, Total Available Area: 35,000 SF building 15.35 acres, Total Available Area: +/- 10,000 SF 12.3 Acres, Total Available Area: +/- 10,500 SF +/- 5.16 acres, Total Available Area: 2.5 miles to Interstate 40 7 miles to Nashville International Airport, Total Available Area: 37,900 SF 5.45 acres, Total Available Area: 19,500 SF 25 acres 177 trailer spaces, Total Available Area: 10,350 SF building 2.5 acres, Prefer dense infill industrial clusters surrounded by similar IOS users, Senior Advisor - Industrial Outdoor Storage, Associate - Acquisitions & Asset Management. Jim has over 20 years of experience leading acquisitions, dispositions, and development projects in a variety of asset classes, with a focus on industrial and logistics facilities. Lauren earned her bachelors degree from Arcadia University and currently resides in Philadelphia. In addition, he is responsible for raising and structuring equity and debt for Alterras ongoing business initiatives. Matt oversees all investment and asset management activity for Alterra. See jobs Follow View all 57 You are subscribed to the Bisnow Philadelphia Newsletter. Search jobs. 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. As the global economy rebounded in the early-2010s, the ski industry saw tourists return to the slopes and lodges, providing a much-needed lift on revenues. Lease Administrator Chelsea Holber 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. 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 . [last] (ex. The IOS market is a $200BN market that is highly fragmented with limited institutional ownership. In March, Alterrasold a 250K SF building in West Philly, one of the largest modular apartment projects in the country, for $88M. January 31, 2014. Bloomberg News. 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. At this time, Fortress had owned Intrawest for seven long years. 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. End-of-day quote Nasdaq Liam lives in Philadelphia with his Wife and two Mutts. Modelling the Wider Effects of Ski Lift Investments. Empirical Economics (February 27, 2019): 259274. As the controller, Tom is responsible for the management and oversight of the financial reporting and accounting functions of the company, as well as financial deliverables that are due to Alterras investment partners.
