When the economy is in flux, it's important to know that there are some things which haven't changed. For more than 30 years and across at least 5 recessions, The Alter Group has been headed by the same leadership team. It's a testament to them and our national staff that we have remained an entrepreneurial firm with a long-term vision and sophistication that aligns with our changing economy.
At a time when the industry is paralyzed because of the twin effects of a lack of credit and the existing overleveraged, often short-term underwriting on transactions, The Alter Group continues to move ahead in 25 markets around the country because we have held to our simple 55-year old team principle: to build buildings on our own dime. We can still do this because of our financial strength buoyed by our 17 million SF portfolio that is currently 90% leased and a half-century legacy of successful projects. Today, under our core management team, The Alter Group is still getting it done by combining our history of financing and finishing transactions with a pioneering spirit that still challenges us to be an innovator.