The Altman Companies recently announced the promotion of Timothy Peterson to chief operating officer and the addition of Robert Rabin as chief financial officer.
Tim Peterson joined The Altman Companies in 2003 as CFO and partner. He assumed the additional role of chief investment officer in 2015, where he will also continue to serve. Previously, he was the Executive Vice President and Chief Financial Officer of a real estate investment trust (REIT) that developed, acquired, managed and leased industrial and office properties throughout the eastern United States.
“Tim is a great partner and was responsible for obtaining the funding for our growth as well as managing our investment process during which time he formed solid relationships with all of the senior members of our executive team,” said Joel Altman, chairman of The Altman Companies. “He is an important part of our success and our future. As COO, Tim will continue his involvement in the operation of the company, ensuring our team remains focused … as we continue to grow.”
In his role as COO, Peterson is responsible for managing the day-to-day operating activities of the development, construction and management divisions of The Altman Companies. In addition, he manages all the equity and debt relationships of the company. He also chairs the investment committee and oversees the strategic planning and budgeting processes for the company.
Peterson also serves on the Board of Directors and chairs the audit committee for Preferred Apartment Communities, a role he’s had since the company completed its IPO in 2011. He is an active member of the Urban Land Institute and a member of the Multi-Family Bronze Council. Peterson was a member of the National Association of Real Estate Investment Trusts where he served as Co-Chairman of its Accounting Committee, and a member of the Best Financial Practices Task Force. He is a member of the Executive Committee of the University of Florida Real Estate Advisory Board having previously served as Treasurer, and a past Director and Treasurer of The Please Touch Museum, a children’s museum in Philadelphia.
Rabin, joining the Altman Companies team as the new CFO, brings more than 25 years of knowledge and experience in the fields of finance and accounting.
“Rob brings tremendous skills to our finance and accounting team from his experience at several growing companies where he was instrumental in providing the financial vision, strategy and leadership to help the organizations get to the next level,” adds Altman. “With Rob at the finance helm, I’m confident we’ll be well positioned to meet our growth goals moving forward.”
In his role as CFO, Rabin will be responsible for the financial reporting, IT, internal controls, budgeting, tax planning and compliance, forecasting and cash management functions for the development, construction and property management divisions of the company.
He has more than 25 years of financial and accounting experience in South Florida, particularly in the real estate and property management industries, and most recently at Penn-Florida Companies, where he served as its CFO. Prior to Penn-Florida, Rabin worked at FirstService Residential, serving in various capacities including Chief Financial Officer and Chief Operating Officer of their Florida business.
For more information on The Altman Companies, click here.
