Leo Addimando 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 real estate throughout the United States, closed over $1B of real estate transactions, acquired or developed approximately 2,000 residential units, structured dozens of complex transactions, and overseen all aspects of numerous mixed-use 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 the Vice President of the Building Industry Association (“BIA), Co-Chair of the local ULI District’s Housing Council, and a Board Member of both the Preservation Alliance of Greater Philadelphia 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.
Director of Property Management
Kate has 18 years’ experience as a professional property management leader. Throughout her career Kate has worked through all facets of property management, beginning in the industry as a Leasing Consultant in 1999 in Decatur, IL and rapidly promoting throughout the United States. Kate has a vast understanding of building and facility operations ranging from niche luxury boutiques, high-rises, mid-rises and garden-style communities in both urban and suburban settings. Kate is also a certified renovator specializing in LBP and CPO.
As an expanding national company, Kate spent collectively 12 years with Management Resources Development. Throughout her tenure, Kate had impactful success in focusing on new development, lease ups, market research, and building teams to exceed projected numbers. In additional to being instrumental in operations compliance and company growth, Kate held regions throughout the Midwest, Southern and Southwestern portfolio including IN, KY, TN, AL, KS, TX and OK. Kate worked closely on the development of teams from ground breaking, building occupancy to stabilizing into conventional operations. Throughout the expansions of the company Kate successfully developed and implemented processes and systems to operate efficiently. Kate specializes in proficiently motivating teams to provide world class customer service while working closely to monitor revenue opportunities.
Moving to the Northeastern Region Kate has worked for both international companies and the top 3rd REIT in the nation. As a Regional Property Manager with AIMCO, Kate held a high profile portfolio in the revered Center City market, spanning from Greater Philadelphia to Central & Northern New Jersey through the Manhattan markets. Leading her teams to record setting revenue and retention growth, Kate received 3 honorable mentions from Founder and CEO during the NYSE Board Member calls for the successes of the Philadelphia market.
Kate has successfully mentored and developed Property Management professionals throughout her career and has been active in NAA, local Chambers of Commerce, Rotary Clubs, BNI in multiple markets, Greater Philadelphia BID and Wounded Warrior Projects.
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.
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.
Assistant Property Manger
Originally from the Bronx, NY, Richard Peat joined Alterra Property Group in September of 2017. He graduated from The Pennsylvania State University with a Bachelor’s Degree in Business & a minor in Marketing. Rich first started in this industry as a Resident Assistant for 3 years in college and has advanced into the Student & Multi-Family housing sector over the last 6 years. With a professional career centered around restaurants, hospitality & property management, Rich has proven skills in relationship building, event planning, customer service, budgets and project management. Rich is licensed to practice Real Estate in Pennsylvania and currently resides in Roxborough, Pennsylvania.
Leah McVay joined Alterra Property Group in 2017 as Property Manager and Furnished Housing Executive. She is responsible for overseeing the daily operations of a conventional multifamily community along with developing and managing a furnished accommodations program for APG Living. She has over 13 years’ experience in all aspects of the property management industry, most notably in the furnished corporate stay sector. Beginning with leasing luxury apartments in the suburban Philadelphia market she was rapidly promoted to management roles and directorships. Sensing a need for furnished accommodations she was instrumental in developing a fully furnished product and successfully growing and managing the program for over 5 years. Leah is experienced in implementing innovative systems and strategies to improve organizations. She brings to Alterra a strong understanding of real estate marketing, sales leadership and team development. Leah is a graduate of Temple University with a Bachelor’s degree in Communications.
Real Estate Accountant
Caroline Holmes joined Alterra Property Group in October 2017 as a Real Estate Accountant who will work closely with Alterra’s investment partners. Prior to joining Alterra, Caroline has worked for several real estate companies in the Philadelphia area, specializing in residential and commercial real estate portfolios. Caroline graduated from Saint Joseph’s University in 2013 with a Bachelor’s degree in Finance and Economics. Caroline is a Philadelphia native who currently resides in Fishtown.