LaTerra Development is a privately owned, Los Angeles based real estate investment and development company, focused on urban infill locations in California. Our investment strategy is centered around a core vision for identifying residential investment opportunities with potential for significant capital appreciation through land entitlement, development/re-development, and community design. Our mission is to create dynamic residential, multifamily, and mixed-use developments that provide positive fiscal impacts to neighborhood communities, while utilizing designs to incorporate green building practices and sustainable materials.
Multifamily |
Mixed-use |
Equity syndication/Club Deal |
JV partnership |
Acquisition/Fee Simple |
Value-add |
Development |
Charles Tourtellotte is the President and Chief Executive Officer of LaTerra. Mr. Tourtellotte’s real estate investment management experience includes more than 30 years of successful senior management positions with institutions and public companies, as well as, entrepreneurial ventures, including all aspects of capital formation, property acquisitions, asset management and dispositions. At the entrepreneurial level, Mr. Tourtellotte founded three companies, one of which became a publicly traded company. Mr. Tourtellotte served as CEO for each of these companies. Prior to LaTerra, Mr. Tourtellotte founded Shoreline Communities, a real estate development company specializing in both single and multifamily projects primarily in San Diego County, California. Shoreline and its management team completed development of more than 1,000 multifamily units and 2,000 single family homes. In 1992, Mr. Tourtellotte founded MetroGolf, Inc., a NASDAQ traded company, which owned, acquired, developed, and managed golf courses and driving ranges across the United States. As President, CEO, and Chairman of the Board, Mr. Tourtellotte took MetroGolf, Inc. public in 1996 with an IPO, and later led MetroGolf through a merger and acquisition transaction with another NASDAQ listed company. Mr. Tourtellotte served as a Senior Acquisitions Officer at two national real estate investment companies, Consolidated Capital and Robert A. McNeil Corporation, where he acquired more than 12,000 multifamily units and 10,000,000 square feet of commercial office and retail properties in major markets throughout the United States. A graduate of the Daniels College of Business at the University of Denver, Mr. Tourtellotte has taught real estate and finance courses at the University of Denver and the University of Colorado. He has been featured on the Today Show, CNN and CNN/FN.
Tammy Harpster serves as Chief Investment Officer for LaTerra. Her investment career includes serving as a fund manager for a real estate opportunity fund as well as serving as investment advisor for hundreds of millions of dollars of residential and commercial assets. Previously, she served as Senior Vice President of Acquisitions at Phoenix Realty Group (PRG) and ran the firm’s San Diego Smart Growth Fund, a $90 million opportunity fund with institutional investors such as CalPERS, Washington Mutual, and Northwestern Mutual. Currently, PRG sponsors and manages six real estate private equity funds with approximately $770 million in equity capital commitments, representing $3.5 billion in real estate development and acquisitions. Prior to joining PRG, Ms. Harpster was Assistant Vice President for Buchanan Street Partners (BSP), a leading real estate investment management firm, where she closed $300 million, and managed over $600 million, in commercial assets across four funds. Prior to Buchanan, Ms. Harpster managed $125 million of pharmaceutical, biotech, and microelectronic construction development projects for DPR. Ms. Harpster holds a Masters in Business Administration from the Anderson School at UCLA and a Bachelor of Science in Engineering from Purdue University.
Ms. Lauren Boyd serves as LaTerra’s General Counsel. Ms. Boyd began her law practice at Cooley Godward Kronish, where she specialized in corporate and securities law. While at Cooley, she also represented venture capital investors, investment banking firms and public and private companies. Ms. Boyd has provided services in a broad range of major business transactions, including private placements public offerings, mergers, acquisitions and joint ventures. Prior to LaTerra, Ms. Boyd served as Director of Legal Affairs for Pacific Colony Properties, a San Diego based real estate investment development and advisory company focusing exclusively on the acquisition, repositioning and development of multifamily projects. At Pacific Colony Properties, Ms. Boyd was involved in a wide variety of real property and related capital markets transactions, including acquisitions, finance and general corporate governance. Ms. Boyd worked Pro Bono for the Children’s Advocacy Institute at the University of San Diego where she obtained her Bachelors of Business Administration, graduating summa cum laude, in 1993. She received her Doctor of Jurisprudence from Stanford Law School in 1996. Ms. Boyd is a member of the California State Bar Association.
Howard Heitner is the Chief Operating Officer of LaTerra. Mr. Heitner has significant operational experience with multifamily property companies, having been the Chief Operating Officer and President for two of the largest real estate investment and property management companies in the United States. As an attorney and senior business executive, Mr. Heitner has worked on thousands of real estate transactions and has broad exposure to several asset classes with a focus on multifamily residential properties. Prior to joining LaTerra, Mr. Heitner was President of JRK Residential America, one of the largest multifamily property companies in the United States with a market value in excess of $5 billion owning over 100 residential properties with more than 30,000 units in 24 states. Mr. Heitner was responsible for overseeing the asset and property management divisions along with the supervision of legal and risk management functions. In 2000, Mr Heitner began his 10 year tenure at SunAmerica, where he was Chief Operating Officer of the public company’s affordable housing subsidiary. Mr. Heitner formed and chaired its investment committee. At the time, SunAmerica was the investor in over 1,300 properties in 48 states with a market value in excess of $12 billion. Mr. Heitner spent nearly two decades in the private practice of law at O’Melveny & Myers LLP with the last 10 years as a partner in its real estate department. Mr. Heitner received his J.D/M.B.A from the University of Chicago and a Bachelor of Arts degree in Economics from Bucknell University.