Leonidas Addimando (“Leo” for short) is a Managing Partner and Co-Founder of Alterra Property Group, LLC (“Alterra”). In addition to experience with a diverse range of real estate product types, Leo has also invested in over 15 states, built over 1,000 residential units, structured complex tax credit transactions, and overseen all aspects of numerous real estate development projects. Previously, Leo was an early employee of Orbitz.com, serving the company for three years in numerous business and corporate development capacities. Leo’s largest accomplishment while at Orbitz was spearheading the development and implementation of both a travel insurance re-sale business, and a hotel business, that together served as key profitability drivers which helped Orbitz to complete a successful IPO in 2003. Before working at Orbitz, Leo worked as an Associate for the Boston Consulting Group in various management consulting capacities, and across numerous industry groups. Prior to that, he was the co-founder of both a media start-up and an internet start-up. Leo has an MBA from the Harvard Business School (“HBS”) and a B.A. in Economics and Political Science from the University of Michigan. Leo is a Board Member of the Preservation Alliance of Greater Philadelphia, the Philadelphia Building Industry Association, and the Old City District. Leo is a native of Center City Philadelphia and currently resides there with his wife (Brigitte Castaing Addimando, HBS ’05) and three children (Nico, Marcus & Sophie). In his spare time, Leo enjoys spending time with his family, golf, running, attending live sporting events and travel.
Prior to co-founding Alterra, Doug was Principal of Southwood Properties, a solely owned real estate investment firm targeting single family homes for rehabilitation and sale. Before founding Southwood, Doug spent three years as an Equity Research Analyst at Greenville Capital Management. He also served as a Legislative Aide to U.S. Senator James Jeffords and as an Analyst for Pedestal, Inc., an internet based electronic mortgage trading platform. Doug holds an MBA from the Wharton School of the University of Pennsylvania and a B.A. from the University of Vermont. Doug serves on the Board of Trustees of the Shipley School and is past President of the Shipley Alumni Board. Doug and his wife live in Center City Philadelphia with their two young children.
Partner – General Counsel
Jeff’s career in real estate and finance spans the better part of a decade, during which he has gained a wealth of experience from both the legal and the business sides of the industry. Jeff began his career as an attorney at the Philadelphia law firm of Stradley Ronon Stevens & Young, where he honed his skills in the areas of commercial real estate, finance, land use and corporate transactions, including development, leasing, acquisitions, sales, historic tax credit transactions and the representation of lenders and borrowers. Prior to forming Alterra, Jeff worked with the real estate development firm of 806 Capital LLC on a variety of development and investment transactions. With Alterra, he currently manages all aspects of legal, financing, due diligence and operational matters for the company. Both as a developer/investor and an attorney, Jeff has been involved in hundreds of millions of dollars of real estate and financing transactions across a wide range of asset classes, including multi-family, condominiums, office, industrial and student housing. Jeff received an MBA and a B.A. in Finance from Villanova University, and a law degree from the Villanova School of Law. Jeff is licensed to practice law in Pennsylvania and New Jersey. Jeff currently resides in New Jersey with his wife and two children.
Partner – Director of Acquisitions
Matt is responsible for sourcing and executing acquisitions, across all property types. In addition, Matt is involved with raising joint venture capital and structuring financings. Prior to joining Alterra, Matt focused on acquisitions on the East Coast for CenterSquare, a real estate private equity firm located in Philadelphia. He began his career in real estate at Blackstone. Matt has an MBA from the Wharton School of the University of Pennsylvania and a B.S. in Finance from Georgetown University. Matt is actively involved with Wharton’s Zell Lurie Real Estate Center and Georgetown’s Steers Center for Global Real Estate. Matt resides outside of Philadelphia with his wife and daughter.
Tom Baker joined Alterra Property Group in May of 2017. 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 Alterra’s investment partners. Prior to Alterra, Tom worked for several private real estate equity firms in the Philadelphia area within multiple real estate asset classes. 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). Tom holds a Bachelor’s Degree in Accounting from West Chester University and is a Certified Public Accountant for the Commonwealth of Pennsylvania. Tom currently resides in New Jersey with his wife and three children.
Director of Project Development
Rachel came to Alterra with over 10 years of real estate development and project management experience. She began her career working in planning and design before joining a small development firm specializing in urban revitalization through the adaptive reuse of historic properties. Rachel also spent several years renovating and developing health care and commercial office projects before joining Alterra. She provides design and construction oversight and project management for Alterra developments. Rachel holds a BA in Urban Planning from the State University of New York at Albany and a MS in Historic Preservation from the University of Pennsylvania. She has also earned a LEED AP BD+C credential from the U.S. Green Building Council and was appointed to the Philadelphia Historical Commission in 2016.
Director of Maintenance
Greg Hicks joined the Alterra team in November 2013. With over 20 years of experience in construction and property management maintenance, Greg oversees the day-to-day maintenance repairs. As director of maintenance he is responsible for evaluating problematic systems across the building portfolio and determining what installations/repair services are needed. Prior to working for Alterra Property Group, Greg worked for Real Property Management, Pinnacle Management and University City Housing to name a few. He currently resides in Croydon, Bucks County.
Senior Accountant & Office Manager
Julie Julian’s accounting career of 11 years commenced in a prestigious retirement community where she was involved in the budgeting process, capital and fixed assets management, project analysis and development, medical billing, document retention, and Profit-Sharing Plan. She later joined the real estate accounting community, involved in the intricacies of property management, construction and re-habilitation of various real residential and commercial estate projects. Julie is a Graduate from the University of Singapore with a degree in Business Administration and Accounting. Her professional career included a term in both retail and international banking in Singapore, Malaysia and Indonesia.
VP – Acquisitions
Henry focuses on the acquisition of Residential, Mixed Use, Office, and Industrial value add properties for Alterra. Henry is responsible for underwriting Alterra’s acquisitions as well completing due diligence on these opportunities. Prior to joining Alterra, Henry worked at BlackRock where he gained extensive experience in the Fixed Income sector as a Risk Analyst for BlackRock Solutions, focusing specifically on mortgage-backed securities. Henry holds an MBA from Villanova University’s Daniel M. DiLella Center for Real Estate, and earned a Bachelor’s degree in Economics from Johns Hopkins University. Henry is a Philadelphia native and currently lives in the East Passyunk area.
Tiffany has over 6 years of experience in the real estate business, with a focus on leasing. Tiffany graduated with honors from Temple University’s Real Estate Institute and she graduated cum laude from Temple University with a Bachelor of Arts in Communications.
Teresa Steinberger joined Alterra Property Group in July of 2015. She is responsible for overseeing the day to day management and operations of multiple multifamily residential apartments and commercial properties. With more than 9 years of property management experience, Teresa has strong administrative skills, a deep knowledge of contracts and property accounting and excellent communication skills. Teresa is a graduate from Temple University with a Bachelor’s degree in Liberal Arts.
Marketing & Leasing Associate
Patrick Beaver joined the Alterra Property Group team in June of 2015. As Leasing and Marketing associate, Patrick handles the marketing for our upcoming residential apartment leases. Patrick interned with Alterra Property Group two summers while studying marketing at school. He is a recent graduate of Coastal Carolina University with a Bachelor’s degree in Marketing.
Stephanie Cahill joined Alterra in February, 2017. In 2012, she earned her degree in Paralegal studies at Prism Institute and was deemed Valedictorian of her class. While attending school, Stephanie took a strong interest in Property Management where she began working at Governor Sproul Apartments in Broomall, PA, as Leasing Manager/Assistant Property Manager. Now, with 5 years of property management experience, Stephanie has excellent customer service skills, communication skills and administrative skills. As property manager, she is responsible for overseeing the day to day management of multiple residential apartment buildings owned by Alterra Property Group.
Ileana joined Alterra in March, 2016. Ileana has over 20 years of Property Management experience. Prior to working at Alterra, Ileana was the Director of Property Management for Canus Corporation. Ileana had the overall responsibility for all phases of operation related to affordable multi-family housing, commercial properties and HUD Section 202 with rental subsidy for seniors and disabled residents. Ileana has a bachelor’s degree in Psychology with a minor in Special Education from Inter American University of Puerto Rico. Ileana has a Certificate in Human Resources and Non-profit Management from La Salle University. Ileana is a graduate of Bucks County Community College with an associate degree in Accounting and a Certificate in Accounting and Taxation.