Alterra Property Group

Alterra Property Group, LLC (“Alterra”) is a diversified real estate investment, development and management company based in Philadelphia, PA. The company employs a highly qualified team of professionals that handle all aspects of real estate development, investment and management, including but not limited to: acquisition, entitlement, project/construction management, asset management, property management, accounting and underwriting. During the past decade, Alterra, its three principals, and its predecessor companies, have executed over 100 real estate transactions across 15 states, (re)developed over 2MM square feet of real estate into over 1,000 new condos/apartments, office space, medical office, retail and senior housing. In total over the past decade, Alterra and its current and former affiliates have raised approximately $200MM in equity capital, completed over $300MM of (re)development projects, and closed approximately $1B of real estate transactions. As part of this track record, the Principals of Alterra have worked with and can provide references from such institutional private equity firms as: The Blackstone Group, Federal Capital Partners, BlackRock, Normandy Realty Partners and Patron Capital Partners.

Real Estate Specialization
Multifamily
Office
Retail
Mixed-use
Investment Type
JV partnership
Acquisition/Fee Simple
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Managing Partner

Leo Addimando

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.

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Managing Partner

Doug Jordan

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.

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Partner

Jeff Pustizzi

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.

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Controller

Jacob Cohen

Jacob Cohen joined Alterra Property Group in May of 2015. As the Controller, Jacob is responsible for both the accuracy of the books and records for all properties and projects, as well as the monthly financial reports that are due to Alterra’s investment partners. In addition, Jacob, who has a strong tax background, assists with tax planning and compliance for all of Alterra’s projects. Before working at Alterra, Jacob worked as a tax supervisor at Shechtman Marks Devor PC, a prominent regional accounting firm located in Center City Philadelphia. At Shechtman Marks Devor, Jacob gained an extensive amount of experience with real estate professionals, which has helped make his transition to the real estate development world as seamless as possible. Jacob holds a Bachelor’s Degree in Accounting from the University of Maryland in College Park and is a Certified Public Accountant. Jacob serves on the board and is the Treasurer of The Gershman Y as well as The Friends of Greenfield School. Jacob and his wife reside in Center City Philadelphia.

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Henry Sullivan

The Blackstone Group

Federal Capital Partners

Normandy Real Estate Partners

Patron Capital Partners

Key Focus Areas
Acquisitions Asset Management Development Due Diligence Leasing Property Management Real Estate Investing Individual Investors Institutional Investors
Geographical Area
Mapped Location