Our Company
Privately held through Perlmutter Investment Company (“PIC”), IAC develops institutional-quality industrial real estate and manages a diversified portfolio of Class A properties across the United States.
Since 1995, IAC has developed and managed more than 25 million square feet of industrial space nationwide. The company focuses on strategic distribution markets with superior access to transportation infrastructure, including interstates, cargo airports, rail intermodal facilities, and seaports. IAC currently owns assets across the Pacific Northwest, Southern California, Texas, Midwest, and Upper South regions.
IAC’s tenant base is well-diversified, spanning e-commerce, distribution, logistics, retail, manufacturing, and other essential service industries.
MANAGEMENT
MICHAEL O’CONNOR
Executive Managing DirectorMichael O’Connor joined IAC in 2019 after a 35-year career with Verizon. Michael is an Executive Managing Director for IAC and a member of its Board of Managers and Executive Committee. Before joining IAC, Michael was responsible for the Verizon Pension Trust’s private markets program. Before working for the Verizon Pension Trust, Michael held various positions in Verizon’s finance and treasury departments. Michael is a LeMoyne College graduate with an MBA in finance from Fordham University.
JOSEPH PERLMUTTER
Chief Financial OfficerJoseph Perlmutter is the CFO for all PIC-affiliated companies and serves on the Board of Managers of IAC and its Executive Committee. Prior to the formation of PIC, Joseph was President of Heitman Finance Group, where he was responsible for arranging all financing activities within the organization. During his 40-plus-year career, he has been responsible for financing in excess of $4 billion. Joseph is a graduate of the University of Colorado.
MICHAEL PERLMUTTER
Chief Operating OfficerMichael Perlmutter joined IAC in 2011 and has worked in the real estate industry for over 15 years. Michael is COO for IAC and is also responsible for leasing IAC’s 2.0 million SF development portfolio. Before joining IAC, Michael worked for Davis Street Land Company. Michael is an Indiana University graduate with an MBA from DePaul University.
SCOTT TAYLOR
Managing Director – DevelopmentScott Taylor joined IAC in 2001 and has worked in the real estate industry for over 25 years. Scott is responsible for the company’s new developments, financial analysis, and architectural review. He has previously co-chaired the Real Estate Committee of the American Institute of Architects in Chicago. Scott is a graduate of Washington State University with an MBA in Real Estate and Urban Land Economics from the University of Wisconsin – Madison.
DOUG HAMJE
Managing Director – LeasingDoug Hamje joined IAC in 2001 and has worked in the real estate industry for over 25 years. Doug is responsible for leasing IAC’s 6.5 million SF portfolio. Doug is a graduate of Colby College with an M.S. in Real Estate and Urban Land Economics from the University of Wisconsin – Madison.
DAVID STERN
Managing Director – FinanceDavid Stern joined IAC in 2015 and has worked in the real estate industry for over 10 years. David is responsible for sourcing and underwriting acquisition and development opportunities, as well as strategic portfolio disposition and capital event strategies. Before joining IAC, David worked in investment banking and real estate consulting. David is a Penn State University graduate with a Bachelor of Science in Finance.
JERRY POWALISH
Managing Director – ConstructionJerry Powalish has been involved in the construction and real estate business for over 40 years. From 1982 to 2000, Jerry held positions up to President of the HPL Construction Division at Heitman Financial Ltd. and Kennedy Wilson Properties. Since then, he has overseen 8.0 million SF of new and redeveloped properties.
WHITNEY KJAR ADAMS
Managing Director – Property ManagementWhitney Kjar Adams joined IAC in 2010 and has worked in the real estate industry for over 19 years. She is responsible for managing all assets within the portfolio, focusing on tenant satisfaction and asset performance. Before joining IAC, Whitney held the role of Property Manager at CBRE. Whitney is a graduate of the University of Michigan.
CRAIG ARNSON
Managing Director – General CounselCraig Arnson has been the General Counsel of Perlmutter Investment Company (PIC) and IAC since 2000. Before joining PIC/IAC, Craig spent five years as General Counsel of Amerihost Properties and several prominent law firms in Chicago. Craig is a graduate of the University of Michigan (B.A., Economics) and the Boston University School of Law (J.D.). Craig is also a licensed Managing Real Estate Broker in Illinois and a member of the American Bar Association.
ANDREA ANDERSON
Managing Director – ControllerWith over 30 years of real estate experience, Andrea is a Managing Director who oversees financial reporting, treasury management, audits, and tax filings, ensuring financial data integrity. Andrea’s expertise includes managing property and overhead budgets, forecasting, cash flow analysis, payroll, human resources, and implementing accounting software programs.
OUR FUNDAMENTALS
STRATEGIC LOCATIONS
Strategic proximity to major cargo airports, seaports, rail intermodal facilities, and interstate highways enables efficient, cost-effective logistics and optimized routing for tenants
BUILDING DESIGNS
Modern Class A facilities include functional design, high ceiling clear heights, ESFR sprinkler systems, ample dock doors, spacious truck courts, and abundant car and truck parking.
NATIONAL LEASING
Modern Class A facilities feature high clear heights, ESFR sprinkler systems, abundant dock doors, expansive truck courts, and generous car and truck parking
PROPERTY MANAGEMENT
Comprehensive property management and enhanced facility management services