Our Company
Privately held as part of Perlmutter Investment Company (“PIC”), IAC develops industrial real estate and holds an institutional-quality portfolio of properties across the U.S.
Established in 1995, IAC has developed and managed over 20 million square feet of Class A properties across the U.S., including Seattle, Portland, Los Angeles, San Diego, Dallas/Fort Worth, Houston, Chicago, Detroit, Cincinnati/Northern Kentucky, Louisville, Miami, Charlotte, New York, and Boston.
IAC targets strategic distribution markets with proximity to interstates, cargo airports, rail intermodal, and seaports. IAC currently holds properties in Seattle, Los Angeles, Dallas/Fort Worth, Chicago, Louisville, and Cincinnati/Northern Kentucky.
The current portfolio comprises 6.4 million square feet of rentable area plus 3.5 million square feet under development.
IAC’s regionally diversified portfolio comprises tenants in e-commerce, logistics, retail, manufacturing, and other services industries.
MEET OUR TEAM
MICHAEL O’CONNOR
Executive Managing DirectorMichael O’Connor joined IAC in 2019 after a 35-year career with Verizon. Mike is an Executive Managing Director for IAC and a member of its Board of Managers and Executive Committee. Before joining IAC, Mike was responsible for the Verizon Pension Trust’s private markets program. Before working for the Verizon Pension Trust, Mike held various positions in Verizon’s finance and treasury departments. Mike 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. Before being named COO, Michael was responsible for leasing IAC’s new developments in Los Angeles, Seattle, Houston, and Louisville. He currently manages leasing new developments in Dallas and Cincinnati/Northern Kentucky. Before IAC, Michael worked for Davis Street Land Company. Michael is an Indiana University graduate with an MBA in Real Estate from DePaul University.
SCOTT TAYLOR
Managing DirectorScott Taylor joined IAC in 2001 and has worked in the real estate industry for over 25 years. Scott serves as Managing Director of Development and 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 DirectorDoug Hamje joined IAC in 2001 and has worked in the real estate industry for over 25 years. Doug serves as Managing Director of Leasing for IAC. He is responsible for leasing the company’s national portfolio of over 6 million square feet and over 70 tenants in Los Angeles, Seattle, Dallas, Louisville, and Chicago. Doug is a graduate of Colby College with an M.S. in Real Estate and Urban Land Economics from the University of Wisconsin – Madison.
MAX PERLMUTTER
Managing DirectorMax Perlmutter joined IAC in 2014 and has worked in the real estate industry for over 15 years. Max serves as Managing Director of Acquisitions & Dispositions and leads IAC’s sourcing of new business. Max has also been involved with over $1 billion in financing. Before IAC, Max worked for Morgan Stanley, responsible for sourcing and underwriting lending opportunities, and also in the Capital Markets Group of JLL. Max is a University of Southern California graduate with a Bachelor’s degree in Real Estate Finance.
DAVID STERN
Managing DirectorDavid Stern joined IAC in 2015 and has worked in the real estate industry for over 10 years. David serves as Managing Director of Finance and Investments and 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 DirectorJerry Powalish has been involved in the construction and real estate business for over 40 years. From 1982 to 2000, he held positions up to President of the HPL Construction Division at Heitman Financial Ltd. and Kennedy Wilson Properties. Since then, he has overseen 7.0 million SF of new and redeveloped properties.
WHITNEY KJAR ADAMS
Managing DirectorWhitney Kjar Adams joined IAC in 2010 and has worked in the real estate industry for over 19 years. She serves as the Managing Director of Property Management and is responsible for managing all assets within the portfolio, focusing on tenant satisfaction and asset performance. Before working at IAC, Whitney held the role of Property Manager at CBRE. Whitney is a graduate of the University of Michigan.
CRAIG ARNSON
General CounselCraig Arnson has been a Managing Director and 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 also is a licensed Managing Real Estate Broker in Illinois and a member of the American Bar Association.
ANDREA ANDERSON
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. Her expertise includes managing property and overhead budgets, forecasting, cash flow analysis, payroll, human resources, and implementing accounting software programs.
OUR FUNDAMENTALS
STRATEGIC LOCATIONS
Proximity to airports, seaports, intermodal facilities, and interstate highway systems provides intelligent routing for its 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
Properties across major distribution markets provide tenants the opportunity to negotiate leases in multiple locations with a single landlord.
PROPERTY MANAGEMENT
Full-time property management and enhanced facility management services.
PROFESSIONAL MANAGEMENT
IAC Properties is committed to working hand in hand with tenants to meet their demands and maintain a first-class image.