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Alterra Property Group: More Than Just Real Estate
At first glance, Alterra Property Group may appear to be just another real estate investment organization. However, a closer look reveals a company deeply rooted in community service and engagement. Based in Philadelphia, Alterra focuses on residential and mixed-use development through its APG Living division, as well as industrial outdoor storage via APG IOS. Their commitment to the community is evident in every project they undertake.
A Legacy of Community Investment
Since its inception in 2005, Alterra has been vertically integrated, managing every aspect of real estate development from acquisition to execution. According to Leo Addimando, a Managing Partner and Co-Founder of APG, the company has successfully managed over 3,500 residential units and invested approximately $4 billion in real estate. Beyond their business achievements, Alterra has also made significant contributions to the community, donating over $600,000 to capital projects at public schools throughout the Greater Philadelphia area since 2013. Notable projects include playgrounds and other enhancements at schools like Jackson School and E.M. Stanton School.
A Multifaceted Approach to Community Engagement
Alterra’s commitment to community goes beyond financial contributions. The company actively engages with local organizations to foster a sense of belonging and support. For instance, they partner with Howie’s House Gift of Life, providing baked goods for individuals receiving transplant care in Philadelphia. This initiative not only supports those in need but also fosters a sense of camaraderie among Alterra employees.
In addition to their work with Howie’s House, Alterra collaborates with Love Park to clean and beautify the community. Their annual Volunteer Day encourages employees to participate in community service, cleaning up areas surrounding their properties and making a tangible difference in South Philadelphia, where their headquarters are located.
Supporting Children and Families in Need
This year marked a significant expansion of Alterra’s community outreach efforts. They partnered with the Children’s Hospital of Philadelphia (CHOP) and the Helping Hands initiative to assemble activity kits for children, pack essential supplies for low-income families, and create hygiene kits for the Homeless Health Initiative. Addimando emphasizes the company’s commitment to giving back, stating, “We are committed to giving back and helping in any way we can.”
Fostering Internal Growth and Development
Alterra Property Group also prioritizes the growth and development of its employees. In 2021, they launched a mentorship program designed to connect senior staff with newer employees. This initiative has proven successful, leading to promotions and fostering a supportive work environment. Addimando notes that when new talent feels supported, they integrate more smoothly into the company culture, which ultimately reduces turnover.
A Culture of Recognition and Support
What truly sets Alterra apart is its dedication to creating a dynamic and supportive workplace. The company values its diverse team, recognizing that the unique backgrounds and experiences of its employees contribute to its overall success. Addimando highlights the importance of acknowledging hard work and dedication, stating, “This internal growth not only keeps our team motivated but ensures that every employee has an opportunity to advance their career.”
Looking Ahead: A Commitment to Positive Change
As Alterra Property Group looks to the future, their focus remains on making a positive impact both within the company and in the broader community. They are committed to donating to schools in underdeveloped areas and partnering with various organizations for volunteer opportunities. From local food drives to professional development programs for students, Alterra aims to uplift the next generation and contribute to a brighter future for Philadelphia.
For more information about Alterra Property Group and their initiatives, visit alterraproperty.com.