Team

The LaTerra management team has expertise in numerous facets of the real estate industry including capital formation, investment analysis, property acquisition, property development, asset management and asset disposition. The team has been responsible for the investment, development and management of over $4 billion in real estate assets on behalf of both institutional and private investors.

LaTerra Development

LT Building Corp. (LaTerra’s General Contracting Affiliate)

Charles Tourtellotte

President and CEO

Charles Tourtellotte is Founder, Chairman, and CEO of LaTerra Development, a Los Angeles based real estate investment and development company. Following the Great Recession in 2008, Mr. Tourtellotte began to purchase land at heavily discounted prices from lenders who had foreclosed on developers and founded LaTerra Development. Today, LaTerra Development and its GC affiliate, LT Building, are entitling, developing and constructing more than 3,000 multifamily units across Southern California with an estimated value at completion of more than $2 billion.

Mr. Tourtellotte began his career over 40 years ago after graduation from the University of Denver where he and his tenured professor purchased and managed more than 200 single-family homes.

Mr. Tourtellotte went on to manage the Western Regional Acquisitions office for the Robert McNeill Corporation and then transitioned to Consolidated Capital as Senior Vice President covering national property acquisitions. During this time, Mr. Tourtellotte underwrote and acquired more than 12,000 multifamily units and 10M sf of commercial, office and retail properties in major markets throughout the U.S.

After Consolidated Capital, Mr. Tourtellotte founded Metro Golf, a golf company that owned, acquired, developed and managed golf courses and driving ranges across the U.S. As CEO, Mr. Tourtellotte took Metro Golf public in 1996 with a NASDAQ listed IPO and led Metro Golf through a merger and acquisition with another public company.

After divesting his interest in Metro Golf, Mr. Tourtellotte formed Shoreline Communities, a San Diego development company that completed, together with its team, more than 1,000 multifamily units and single-family homes.

Mr. Tourtellotte has been featured on the Today Show, CNN/FN, The New York Times, The L.A. Times, and multiple real estate and business journals.

Justin Fleming

VP, Development

Justin Fleming serves as LaTerra’s Vice President of Development. Mr. Fleming has over a decade of experience in senior project management, entitlements, design, and construction for a variety of project types, having special expertise with multifamily development. Mr. Fleming has been responsible for processing entitlements (including both EIRs and MNDs in addition to successfully utilizing the latest CEQA expediting and exemption tools), general contractor and consultant selections, developing scopes of work, budgets and schedules, negotiating and administering contracts, and overseeing project performance and close-out.

Previously, Mr. Fleming acted as owner’s representative on the construction of three mixed use developments in the City of Long Beach with 330 market rate apartment units. Prior to this, he was responsible for Hackman Capital Partners’ repositioning and redevelopment of the Hayden Tract in Culver City, which is now fully occupied by Apple and Beats by Dre. Earlier in his career, Mr. Fleming was a Department of Defense contractor overseeing day-to-day operations in the construction of 2,400 units of military housing.

Mr. Fleming graduated with a B.S. in Hospitality Management from Florida State University.

Howard Heitner

Chief Operating Officer

Howard Heitner is the Chief Operating Officer of LaTerra. Mr. Heitner has significant operational experience with multifamily property companies, having been the Chief Operating Officer and President for two of the largest real estate investment and property management companies in the United States. As an attorney and senior business executive, Mr. Heitner has worked on thousands of real estate transactions and has broad exposure to several asset classes with a focus on multifamily residential properties.

Prior to joining LaTerra, Mr. Heitner was President of JRK Residential America, one of the largest multifamily property companies in the United States with a market value in excess of $5 billion owning over 100 residential properties with more than 30,000 units in 24 states. Mr. Heitner was responsible for overseeing the asset and property management divisions along with the supervision of legal and risk management functions.

In 2000, Mr. Heitner began his 10 year tenure at SunAmerica, where he was Chief Operating Officer of the public company’s affordable housing subsidiary. Mr. Heitner formed and chaired its investment committee. At the time, SunAmerica was the investor in over 1,300 properties in 48 states with a market value in excess of $12 billion.

Mr. Heitner spent nearly two decades in the private practice of law at O’Melveny & Myers LLP with the last 10 years as a partner in its real estate department. Mr. Heitner received his J.D/M.B.A from the University of Chicago and a Bachelor of Arts degree in Economics from Bucknell University.

Tammy Harpster

Chief Financial Officer

Tammy Harpster serves as Chief Financial Officer for LaTerra. Her investment career includes serving as a fund manager for a real estate opportunity fund as well as serving as investment advisor for hundreds of millions of dollars of residential and commercial assets. Previously, she served as Senior Vice President of Acquisitions at Phoenix Realty Group (PRG) and ran the firm’s San Diego Smart Growth Fund, a $90 million opportunity fund with institutional investors such as CalPERS, Washington Mutual, and Northwestern Mutual. Currently, PRG sponsors and manages six real estate private equity funds with approximately $770 million in equity capital commitments, representing $3.5 billion in real estate development and acquisitions.

Prior to joining PRG, Ms. Harpster was Assistant Vice President for Buchanan Street Partners (BSP), a leading real estate investment management firm, where she closed $300 million, and managed over $600 million, in commercial assets across four funds.

Prior to Buchanan, Ms. Harpster managed $125 million of pharmaceutical, biotech, and microelectronic construction development projects for DPR. Ms. Harpster holds a Masters in Business Administration from the Anderson School at UCLA and a Bachelor of Science in Engineering from Purdue University.

William Leahy

Division President, Construction

William Leahy is the Division President, Construction, of LaTerra. For over 20 years, Mr. Leahy has successfully delivered large scale ground up mixed-use development and multifamily construction projects on time and on budget. His experience includes 9 years as Senior Vice President of Construction at Wood Partners, overseeing the construction team responsible for building high-rise and mid-rise urban infill apartments in its Western Region (CA, WA and OR).

At Wood Partners, Mr. Leahy implemented best practices for both third-party and self-perform projects. As a licensed General Contractor in the State of California, Mr. Leahy also served as the RME for Wood Partners in California. Most recently, Mr. Leahy served as Senior Vice President and as a member of the Executive Board at The Picerne Group where he directed construction of their multifamily projects.

Mr. Leahy’s experience includes multifamily and single family construction in FL, GA, CO, TX, CA, WA and OR. He has intimate knowledge in all aspects of development, pre-construction, construction management and operation management in completing over of $1 Billion of construction from high rise to garden style multifamily communities.

In addition to his extensive construction experience, Mr. Leahy has a deep background in property management operations. Mr. Leahy worked for TCRS and Gables Residential in Florida and Georgia where he managed multifamily communities, including overseeing extensive renovations and capital projects. Mr. Leahy brings this broad skill-set to LaTerra enhancing its capabilities with value-add apartment projects.

William Leahy

Division President, Construction

William Leahy is the Division President, Construction, of LaTerra Development and President of LT Building Corp., a GC affiliate of LaTerra Development. For over 20 years, Mr. Leahy has successfully delivered large scale ground up mixed-use development and multifamily construction projects on time and on budget. His experience includes 9 years as Senior Vice President of Construction at Wood Partners, overseeing the construction team responsible for building high-rise and mid-rise urban infill apartments in its Western Region (CA, WA and OR).

At Wood Partners, Mr. Leahy implemented best practices for both third-party and self-perform projects. As a licensed General Contractor in the State of California Mr. Leahy also served as the RME for Wood Partners in California. Most recently, Mr. Leahy served as Senior Vice President and as a member of the Executive Committee at The Picerne Group where he directed construction of their multifamily projects.

Mr. Leahy’s experience includes multifamily and single family construction in FL, GA, CO, TX, CA, WA and OR. He has intimate knowledge in all aspects of development, pre-construction, construction management and operation management in completing over of $1 Billion of construction from high rise to garden style multifamily communities.

In addition to his extensive construction experience, Mr. Leahy has a deep background in property management operations. Mr. Leahy worked for TCRS and Gables Residential in Florida and Georgia where he managed multifamily communities, including overseeing extensive renovations and capital projects. Mr. Leahy brings this broad skill-set to LaTerra enhancing its capabilities with value-add apartment projects.

Lauren Boyd

Chief Legal Officer

Lauren Boyd serves as LaTerra’s Chief Legal Officer. Ms. Boyd began her law practice at Cooley Godward Kronish, where she specialized in corporate and securities law. While at Cooley, she also represented venture capital investors, investment banking firms and public and private companies. Ms. Boyd has provided services in a broad range of major business transactions, including private placements public offerings, mergers, acquisitions and joint ventures.

Prior to LaTerra, Ms. Boyd served as Director of Legal Affairs for Pacific Colony Properties, a San Diego based real estate investment development and advisory company focusing exclusively on the acquisition, repositioning and development of multifamily projects. At Pacific Colony Properties, Ms. Boyd was involved in a wide variety of real property and related capital markets transactions, including acquisitions, finance and general corporate governance.

Ms. Boyd worked Pro Bono for the Children’s Advocacy Institute at the University of San Diego where she obtained her Bachelors of Business Administration, graduating summa cum laude, in 1993. She received her Doctor of Jurisprudence from Stanford Law School in 1996. Ms. Boyd is a member of the California State Bar Association.

Chris Tourtellotte

Managing Director

Chris Tourtellotte serves as a Managing Director of LaTerra. Chris is responsible for overseeing the Development group, sourcing and closing new acquisitions, sourcing debt and equity for LaTerra’s projects, and growing LaTerra’s apartment and mixed use development platform, which currently includes over 3,000 apartment units either under construction or in the pipeline.

Prior to joining LaTerra, Mr. Tourtellotte spent 7 years at Prudential Global Investment Management (PGIM), a global real estate private equity investment fund manager with over $50 billion of gross assets under management. Most recently at PGIM, Mr. Tourtellotte held the position of Director, overseeing all development activity west of the Mississippi River with over 20 development deals at a total cost basis greater than $1 billion. Prior to Mr. Tourtellotte’s role overseeing West Coast development, he spent 5 years on the West Coast acquisitions team where he worked on closing over $1 billion in acquisitions across all property types (multifamily, office, retail, industrial, and hotels) and all layers of the capital stack (senior debt, subordinate debt, preferred equity and equity).

Chris co-founded SnowGlobe Music Festival, which was ultimately acquired by MTV. SnowGlobe is a world-renowned annual music festival (featuring the largest musical acts in the world) drawing over 50,000 attendees over the three day event. Mr. Tourtellotte was responsible for raising the capital, and structuring and negotiating the investment documents prior to the inaugural 2011 festival.

Mr. Tourtellotte was selected for Real Estate forum’s 50 under 40 list. Mr. Tourtellotte holds a Bachelors Degree in Business Administration (Cum Laude) with a double concentration (Finance & Accounting) and a minor in Real Property Development from California Polytechnic State University, San Luis Obispo, CA.

Carlee Carpio

Senior Development Manager

Carlee Carpio serves as LaTerra’s Senior Development Manager. Ms. Carpio has more than 10 years of property management, design and development experience with extensive skills in brand packaging and marketing programs for multifamily developments. Ms. Carpio is one of the industry’s premier leaders in apartment design and amenity activation grounded in detailed target demographic research and first-to market features and amenities.

Prior to LaTerra, Ms. Carpio was the Marketing & Design Director at Alliance Residential. During her 7 years with Alliance, she was extensively involved with 14 projects comprising more than 4,500 units in Southern California. Her projects won over 30 Best in Class Product and Design Awards, consistently achieved record breaking sales prices and resulted in over $1 billion in sales proceeds and nearly $300 million in gross profits for investment partners. Ms. Carpio began her career in property management working on site as a leasing associate with JPI.

Ms. Carpio graduated with a BA Degree in International Affairs from University of Colorado, Boulder.

Daryl Sequeira

Vice President, Project Management

Daryl Sequeira is Vice President, Project Management for LaTerra. Mr. Sequeira has over 18 years’ experience as an executive within the homebuilding industry where he has a proven record of success in securing entitlements and obtaining project approvals. Mr. Sequeira has held senior positions with several large public and private companies, including Alper Development, Richmond American Homes, John Laing Homes and the SKY Companies.

Prior to LaTerra, Mr. Sequeira served as Vice President for the SKY Companies where he was instrumental in entitling nearly 2,000 acres of land in the Central Valley area. Mr. Sequeira led the land development team and environmental consultants in the design and planning of three masterplanned communities. He was also involved in the sale of land to merchant builders.

Prior to joining the LaTerra management team, Mr. Sequeira headed his own consulting firm, Sequeira Consulting, where he provided clients with services assisting in special management solutions in the areas of architectural design, land planning, single family construction, construction management, project management, commercial construction, cost analysis and feasibility studies.

Mr. Sequeira holds a Masters from the Graduate School of Architecture and Urban Planning at UCLA and a Bachelor of Science in Landscape Architecture from Cal Poly Pomona.

Susana Zak

Senior Development Manager

Ms. Zak is a Senior Development Manager at LaTerra Development. Ms. Zak brings significant institutional apartment development experience having spent eight years at Alliance Residential where she was managing the design, permitting, and construction of five multifamily development projects. In this capacity, Ms. Zak’s primary role was to keep the projects on time and on budget. Additionally, Ms. Zak provided reporting for her projects to Alliance’s capital partners. Ms. Zak also worked as a Senior Development Manager at JPI where she managed the permitting, design, and construction of multifamily projects in Southern California. Prior to JPI, Ms. Zak was a Senior Development Manager for Crescent Communities where she performed due diligence, completed entitlements, created and managed budgets and oversaw the design, permitting, and construction of five multifamily and student housing projects throughout the United States.

Fatou Balde

Controller

Fatou Balde serves as LaTerra’s Controller and oversees the firm’s accounting, tax, financial reporting and treasury functions. Her entire career has been at real estate companies with responsibilities covering accounting, investment and financial reporting and anaylses. Prior to LaTerra, she was a Fund Manager at CIM Group, LLC with oversight of the accounting and financial reporting for opportunistic real estate funds in excess of $3 billion of assets under management.

Prior to joining the CIM Group, Ms. Balde served as a Senior Accountant at Arixa Capital, LLC, a west coast real-estate investment and management firm. She supervised the preparation of financial statements and other reporting, audit and financial analyses for a majority of Arixa’s funds.

Ms. Balde graduated with a B.S in Accounting from California State University, Northridge.

Linda Northington

Construction Manager

Ms. Northington serves as a construction manager at LT Building Corp. Ms. Northington oversees construction budgets and schedules, oversees subcontractor work, manages consults, and ensures work complies with LT Building Corp’s standards.

Ms. Northington is an architect by trade, and has significant experience designing and overseeing construction of multifamily communities in California.

Steven Rojas

Acquisitions Associate

Steven Rojas is an Acquisitions Associate at LaTerra. Mr. Rojas reviews new acquisition opportunities, underwrites prospective projects, tracks the development pipeline, helps draft investment packages, and assists in the due diligence and debt and equity capital closing processes. Additionally, he assists with reporting and asset management.

Prior to joining LaTerra, Mr. Rojas was the financial analyst at CBRE for Team Lustig-Bower, a top producing investment sales team concentrating on multifamily and multifamily development sites in greater Los Angeles. Prior to CBRE, he worked at Pendulum Property Partners, focusing on acquisitions and asset management. Mr Rojas began his career in investment sales and debt placements at Eastdil Secured. Mr. Rojas received a bachelor’s degree in economics and accounting from the University of California, Santa Barbara.

Omar Morales

VP, Construction

Mr. Morales serves as LT Building Corp.’s Vice President of Construction. In this capacity, Mr. Morales provides financial oversite, develops construction and operational procedures, provides and tracks KPI’s, reviews scopes of work for compliance with project documents, reviews cost estimates, oversees project performance, and oversees and manages subcontractors.

Prior to LaTerra, Mr. Morales successfully managed the self-perform Division for Wood Partners apartment development projects in Southern California. Mr. Morales is a customer-focused and results-oriented professional with more than 17 years of construction experience managing and negotiating multimillion dollar residential, healthcare and commercial projects.

Glen Miller

Construction Director

Mr. Miller serves as LT Building Corp.’s Construction Director. In this capacity, Mr. Miller manages construction schedules, provides oversight of all field activities, reviews and develops construction reports, reviews scopes of work for compliance with construction documents, provides value engineering recommendations, and oversees the performance of subcontractors.

Mr. Miller has more than 35 years of construction experience, including multi-level Type I through Type V multifamily, subterranean and multi-level parking structures, cost control, project management and apartment renovations. Mr. Miller has led multiple teams as a Senior Superintendent.

Prior to LaTerra, Mr. Miller acted as a Senior Superintendent for Avalon Bay and DR Horton Urban where he oversaw the construction of several Type III and Type V wood frame apartment buildings totaling approximately 1,000 units.

John Mulcahy

Construction Manager

Mr. Mulcahy serves as a construction manager at LT Building Corp. Mr. Mulcahy oversees construction budgets and schedules, oversees subcontractor work, manages consults, and ensures work complies with LT Building Corp’s standards.

Mr. Mulcahy is an architect by trade, and has significant experience designing and overseeing construction of multifamily communities in California.

Jim Teegarden

Jim Teegarden

VP, Construction

Mr. Teegarden is a Vice President of Construction for LT Building Corp, LaTerra’s General Contractor affiliate. For over 30 years, Mr Teegarden has worked in the construction industry on residential and mixed use projects for firms including the Picerne Group, Lyon Communities, and Griffin Communities.

Mr. Teegarden spent six years at the Picerne Group as a VP of Construction and Development overseeing construction projects throughout Southern California that included approximately 1300 type III/ IV podium units. In this capacity, Jim was responsible for providing oversight of contractors, consultant teams, and construction managers. Additionally, Jim developed construction documents, negotiated subcontractor contracts, executed pre-construction review of plans for constructability, provided cost estimating, and provided potential value engineering initiatives.

Previously, Mr. Teegarden sent over a decade at firms including Lyon Communities building podium, wrap and walk up multifamily projects and Griffin Communities where he oversaw pre-construction plan review, led offsite construction work, coordinated with design and consultant teams, provided purchasing and oversaw multifamily construction projects with a focus on keeping the projects on budget and on schedule.