Terry Strongin

Terry Strongin Email and Phone Number

Founding Partner at The AltAccom Group, LLC @ The AltAccom Group
atlantic beach, florida, united states
Terry Strongin's Location
West Palm Beach, Florida, United States, United States
About Terry Strongin

The AltAccom Group, LLC is a private equity real estate investment company that acquires apartment buildings and converts them to hotels or serviced apartments. This investment strategy can increase returns well beyond that of conventionally operated apartment buildings.Rapid changes in demographics, technology and lifestyle preferences have created a more mobile workforce with a strong and growing appetite for a differentiated temporary living experience… one that offers flexibility, convenience, simplicity, human engagement and a community connection.Conversion of an apartment building to a hotel involves branding, adding services, furniture, housewares, technology, and a highly experienced staff to create a unique residential experience. In essence, a conversion combines the best attributes of apartment living with those of a hotel. Targeted properties are located in major urban markets to capture multiple demand generators including the growing demand from the explosion of the work-from-anywhere phenomenon, tourism, corporate relocation, flexible-term furnished apartments and short-term rentals with hotel-like services. Investors can benefit from the principal's decades of experience and market intelligence in hospitality, corporate housing and alternative accommodations.

Terry Strongin's Current Company Details
The AltAccom Group

The Altaccom Group

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Founding Partner at The AltAccom Group, LLC
atlantic beach, florida, united states
Employees:
3
Terry Strongin Work Experience Details
  • The Altaccom Group
    Founding Member
    The Altaccom Group May 2019 - Present
    West Palm Beach, Florida
    Co-Founder of The AltAccom Group, LLC which invests in multifamily properties and extended-stay hotels located in urban markets to be operated as alternative accommodation properties, e.g., corporate housing, short-term rentals and flexible-term furnished apartments, with hotel-like services ("aparthotel"). The AltAccom Group has created an investment platform to partner with capital providers to buy and reposition alternative accommodation properties to meet the growing demand. Rapid changes in demographics, technology and lifestyle preferences have created a more mobile workforce with a strong and growing appetite for a differentiated temporary living experience… one that offers flexibility, convenience, simplicity, human engagement and a community connection. Owners of properties that meet these changing renter demands can potentially achieve outsized returns while maintaining the fundamental low-risk profile of a traditional multifamily property.
  • Equity 24, Llc
    Managing Member
    Equity 24, Llc Jan 2007 - Apr 2018
    West Palm Beach, Florida Area
    Equity 24, LLC is a commercial real estate investment, finance and advisory company that works with individuals and institutional investors to source, structure and finance investments, joint ventures and development opportunities.
  • Bond Street Capital
    Evp, Director Of Capital Markets Lending
    Bond Street Capital 2004 - 2006
    Executive Vice President and Director of Capital Markets for Bond Street Capital Corp a national commercial real estate lender. Directly responsible for whole loan trading activities of over $150mm of commercial real estate loans that were sold into the CMBS market.Oversaw all commercial real estate capital markets lending activities. Also directed underwriting and closing departments.
  • Ocwen Financial Corporation
    Vp Commercial Lending
    Ocwen Financial Corporation 1998 - Feb 1999
    Headed the high-yield, large-loan commercial real estate lending group of Ocwen Asset Investment Corp, a $1 billion NYSE listed REIT. Was also one of 15 members of Ocwen's executive committee.
  • Itla Capital Corporation
    First Vice President
    Itla Capital Corporation 1997 - 1998
    La Jolla, Ca
    Established non-performing loan acquisition group.Worked with ratings agencies and investment banks to determine optimal pool characteristics for possible securitization of $100 million of performing commercial mortgages.Gained board approval for new mezzanine financing platform; developed investment criteria, pricing targets and created policy and procedure manual for implementation of the program.
  • Koll-Dove Global Dispositions Services
    Senior Vice President
    Koll-Dove Global Dispositions Services 1990 - 1997
    Managed the commercial real estate and non-performing loan sale department for one of the top distressed asset sale advisers in the US at the time. Designed and implemented the marketing plan, systems, processes and documents which were used to generate over $3 billion of commercial real estate and non-performing loans sales over a four year period. Was directly responsible for developing institutional client relationships and running disposition assignments.
  • Kushner Financial Corporation
    Svp And Partner
    Kushner Financial Corporation Jan 1987 - Dec 1988
    San Francisco, Ca
    As Senior Vice President of Acquisitions and Corporation Broker, directed the acquisition and syndication of seven real estate joint ventures involving the formation and funding of five limited partnerships. Raised private equity from high net worth investors and through broker/dealers.
  • Drexel Burnham Lambert
    Account Executive
    Drexel Burnham Lambert 1982 - 1985
    Palo Alto, Ca
    Advised high net worth investors, pension fund advisers, and corporations on a variety of investment strategies and products, including stocks, convertibles, futures, bonds, mutual funds, managed commodity accounts and limited partnerships.

Terry Strongin Skills

Investors Real Estate Apartments Investments Asset Commercial Mortgages Condos Real Estate Economics Private Placements Real Estate Financing Real Estate Development Brokerage Real Estate Transactions Debt Real Estate Private Equity Bridge Loans Deal Sourcing Joint Ventures Hard Money Capital Funding Finance Mergers And Acquisitions Structured Finance Leases Loans

Terry Strongin Education Details

Frequently Asked Questions about Terry Strongin

What company does Terry Strongin work for?

Terry Strongin works for The Altaccom Group

What is Terry Strongin's role at the current company?

Terry Strongin's current role is Founding Partner at The AltAccom Group, LLC.

What is Terry Strongin's email address?

Terry Strongin's email address is ts****@****ail.com

What is Terry Strongin's direct phone number?

Terry Strongin's direct phone number is +156154*****

What schools did Terry Strongin attend?

Terry Strongin attended San Francisco State University, The University Of New Mexico.

What are some of Terry Strongin's interests?

Terry Strongin has interest in Casinos, Exercise, Sweepstakes, Nascar, Home Improvement, Reading, Gourmet Cooking, Sports, Golf, Home Decoration.

What skills is Terry Strongin known for?

Terry Strongin has skills like Investors, Real Estate, Apartments, Investments, Asset, Commercial Mortgages, Condos, Real Estate Economics, Private Placements, Real Estate Financing, Real Estate Development, Brokerage.

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