Sign up for our daily email newsletter to get the latest local news from across Philadelphia.
On the surface, Alterra Property Group appears to be a typical real estate investment organization. But deep down, the community it provides is the driving force behind everything they do.
The Philadelphia-based development and management company focuses on residential/mixed-use developments (APG Living) and industrial outdoor storage (IOS). But they also have a long history of contributing to the city.
“Since 2005, Alterra has been a vertically integrated, acquisition, design, execution and management of mixed-use and residential properties, totaling more than 3,500 residential units and more than $4 billion in real estate investments. ” said Leo Addimando, Managing Partner and Co-Founder. APG’s.
“Since 2013, Altera has [also] Greater Philadelphia, including large playgrounds and other projects at Jackson School, E.M. Stanton School, Allan Locke School, Francis McCall School, Chester Arthur School, Anderson School, and Penn Alexander Schools donated more than $600,000 to public school capital projects across the area MSA. “
On the business side of the organization, Altera has a team of experts who handle acquisitions, entitlements, project/construction management, asset and real estate management, leasing, accounting, and investor reporting.
“APG IOS, an industrial real estate platform, specializes in providing solutions for heavy industrial and outdoor storage needs across 30 states and manages more than 200 properties with more than $2.5 billion in transaction value,” Addimando he explains.
But with the more philanthropic side of the program, Alterra wears several different hats.
“Community involvement helps build cohesive communities, improve outcomes and promote equality of opportunity. We partner with organizations like Howie’s House Gift of Life. , will continue to partner with them. Each year, APG employees bake goods on-site for people the organization provides temporary living and support to as they travel to Philadelphia for transplant treatment. ” he continued.
APG also partners with Love Park each year to clean grounds, remove trash, and plant flowers in the communities where it operates (headquartered in South Philadelphia). This year, APG also held a company-wide volunteer day for everyone. Employees clean communities surrounding properties they own and/or manage.
“This year [also] In our first year, we partnered with CHOP (Children’s Hospital of Philadelphia) and the Helping Hands Initiative to help other volunteers across the city assemble activity kits for children and essential supplies for low-income families. They helped pack bags and collect hygiene kits for families. Homeless Health Initiative,” Addimando said. “We are committed to giving back and helping in any way we can.”
Alterra Property Group also strives to foster growth from within. The company created a mentorship program for all employees in 2021, with the aim of matching senior-level staff with less experienced talent.
“The program has been very successful and has resulted in promotions for some participants,” he continues. “We believe that if new hires feel supported in their first year with us, they will seamlessly integrate into our culture, ensure success, and minimize turnover. .”
What sets Alterra Property Group apart, Addimando says, is our commitment to creating a dynamic, collaborative and growth-oriented workplace.
“We believe that our talented team of people from different walks of life forms the backbone of our success, and we take great pride in recognizing hard work and dedication. This internal growth has enabled us to It not only keeps the team motivated, but also ensures that all employees have opportunities to advance their careers. ”
We hope that our group will continue to have an even greater impact both inside and outside the company.
“We are deeply involved in our communities, making regular donations to schools in developing regions and partnering with various organizations for volunteer opportunities,” Addimando concluded. . “From participating in local food drives to supporting professional development programs for students, we make a positive difference in the world by continuing to volunteer our expertise and time to improve the next generation.” We are committed to bringing you.”
For more information about Alterra Property Group, please visit alterraproperty.com.
