The Alter Group Named NAIOP’s 2010 Developer of the Year

I am pleased to announce that The Alter Group has received the great honor of being named the 2010 Developer of the Year — the industry’s most prestigious award — by NAIOP, the Commercial Real Estate Development Association on behalf of our entire national team and our talented executive group, which has been in place for more than 30 years.

As a company, The Alter Group has stayed true to our core values and our traditional way of doing business:  maintaining solid underwriting standards; a conservative attitude towards investment; and really focusing on strong credit, both for our tenants and our assets.  We continue to work to assure that every asset has the right fundamentals in place, from a prime location to the right tenant mix, so that we can guarantee its stability over the long term.

Our industry is first and foremost about people and building communities that flourish.  These were the values that motivated the pioneers of our industry – my Dad, among them – to go to new places, to make deals over a cup of coffee and a handshake, and to see the potential in our communities.  We’re still a people business and I think this, more than anything, is what distinguishes The Alter Group.  I want to thank all of you who have partnered with us over the years – our clients, our service providers and the many municipalities that have helped us to flourish.  It is because of these that we have been here for 55 years.  We thank you.