OUR HISTORY
Established in 1995 to develop, acquire, lease, and manage Class-A industrial warehouse/distribution facilities. IAC currently serves the strategic distribution markets of Los Angeles, Seattle, Dallas/Fort Worth, Chicago, Louisville, and Cincinnati/Northern Kentucky.
IAC targets facilities located within infill, major metropolitan areas surrounded by transportation hubs and those which offer immediate highway access and proximity to airports, rail intermodals, and seaports.
The current portfolio consists of 6.4 million square feet of rentable area plus 3.5 million square feet under development.
IAC’s regionally diversified portfolio is comprised primarily of tenants in the industries of e-commerce & retail, manufacturing, distribution & shipping, and other services.
OUR FUNDAMENTALS
STRATEGIC LOCATIONS
Properties are located in strategic markets with proximity to major airports, seaports, intermodals, and/or interstate highway systems providing intelligent routing for its tenants.
BUILDING DESIGNS
Buildings are constructed to be state of the art to maximize efficiency. This includes functional design, high ceiling clear heights, ESFR sprinkler systems, ample dock doors, spacious truck courts, abundant car and truck parking spaces, and modern offices.
NATIONAL LEASING
Properties are located in major distribution markets throughout the United States, providing tenants the opportunity to negotiate leases in multiple locations with a single landlord.
PROPERTY MANAGEMENT
Full-time property management and enhanced facility management services provided to tenants.
PROFESSIONAL MANAGEMENT
IAC Properties is committed to working hand in hand with tenants to meet their demands and maintain a first-class image.
EXECUTIVE LEADERSHIP
MICHAEL O’CONNOR
Executive Managing DirectorMichael O’Connor joined IAC in 2019 after a 35-year career with Verizon. Mike serves as an Executive Managing Director for IAC and is a member of its Board of Managers and Executive Committee. Prior to joining IAC, Mike was responsible for the Verizon Pension Trust’s private markets program where he developed and implemented asset class investment strategies; reviewed and recommended investments; and maintained day-to-day oversight of all private equity, natural resource, and real estate investments and relationships. Prior to working for the Verizon Pension Trust, Mike held a variety of positions in the finance and treasury departments at Verizon. Mike is a graduate of LeMoyne College and has an MBA in finance from Fordham University.
JOSEPH PERLMUTTER
Chief Financial OfficerJoseph Perlmutter serves on the Board of Managers of IAC and its Executive Committee. He serves as the CFO for all PIC affiliated companies. Prior to the formation of PIC, Mr. Perlmutter was President of Heitman Finance Group where he was responsible for arranging all financing activities within the organization. During his career, he has been responsible for financing in excess of $4 billion. He holds a Bachelor of Science Degree from 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 serves as Chief Operating Officer for IAC. Before being named COO, Michael was a Managing Director and responsible for leasing the company’s new developments in Los Angeles, Seattle, Houston and Louisville. He currently manages the leasing of 3.5 million SF of new developments in Dallas/Fort Worth and Cincinnati/Northern Kentucky. Prior to IAC, Michael worked for Davis Street Land Company, a developer of upscale shopping centers. Michael is a graduate of Indiana University and has an MBA in real estate from DePaul University.
MAX PERLMUTTER
Managing DirectorMax Perlmutter joined IAC in 2014 and has worked in the real estate industry for over 15 years. He serves as the head of the acquisitions group and leads IAC’s efforts to source new opportunities. At IAC, Max has been responsible for sourcing over 3.7 million SF of industrial development across various US markets. Max has also been involved with over $1 billion in financing. Prior to joining IAC, Max worked for Morgan Stanley where he was responsible for sourcing and underwriting lending opportunities. He also previously worked in the Capital Markets Group of JLL. Max graduated with a bachelor’s degree in real estate finance from the University of Southern California’s Marshall School of Business.
LARRY KRASNER
Executive Managing DirectorLarry Krasner has been active in the real estate investment business for over 35 years and has successfully completed more than $9.0 billion in institutional quality property acquisitions, dispositions, financings and joint venture structuring. Mr. Krasner works with the acquisition group and is a member of IAC’s Executive Committee. Prior to joining IAC, Mr. Krasner served as an SVP at CBRE, and as Managing Director in the Capital Markets Group of JLL. He also served as an officer and partner at Heitman Financial Ltd from 1973-1997. Mr. Krasner graduated with a bachelor’s degree in Finance from Loyola University. He is also a licensed Real Estate Broker and a member of Urban Land Institute.