Co-Founder & Managing Partner
Leo Addimando
Leo Addimando is a Managing Partner and Co-Founder of Alterra Property Group, LLC (“Alterra”). Through his 20+ years as a real estate entrepreneur and investor, Leo has gained extensive experience with a diverse range of real estate product types, acquired industrial properties in 30+ US States, closed over $3B of real estate transactions, and acquired or developed over 4,000 urban, upscale residential units. In addition to raising over $2B of equity capital during that time, Leo has structured dozens of complex transactions, and overseen all aspects of numerous residential, commercial, industrial, and mixed-use real estate development projects and investments.
Currently, in his role at Alterra, Leo oversees management of the firm, provides overall vision and leadership to the company, serves on its Investment Committee along with his two partners, raises capital, overseas residential, mixed-use, and industrial development, and guides the firm’s overall investment strategy. And, while the firm has grown significantly over the last 20 years, Leo remains committed to Alterra’s people and maintaining its culture of hard work, integrity, teamwork, creativity, and perseverance.
Previous to his career in real estate, Leo was an early employee of Orbitz.com, helping the company to develop ancillary revenue streams, the profitability of which contributed to the company’s successful IPO in 2003. Before working at Orbitz, Leo worked as an Associate for the Boston Consulting Group.
Leo has an MBA from the Harvard Business School (“HBS”) and a B.A. in Economics and Political Science from the University of Michigan, Ann Arbor. He is a board member and recent past President of the Building Industry Association (“BIA”) of Philadelphia, an Advisory Board member for the Port of Philadelphia, and a member of YPO.
Leo is married to Brigitte Castaing Addimando (HBS ’05), has three children (Nico, Marcus, Sophie) and in his spare time enjoys spending time with family, exercise, golf, attending live sporting events, and travel.