Philadelphia, PA – September 9, 2025 – Hearthfire Holdings, a leader in direct access institutional-grade self-storage assets, announces the promotion of Peter (Pete) McDaniel to the position of Chief Development Officer (CDO) following his successful tenure as Director of Construction at Hearthfire Holdings.
“Pete’s promotion is a testament to his ability to create an expandable construction system for the company and his strong commitment to Hearthfire’s core values,” states Sergio Altomare, who serves as co-founder and CEO of Hearthfire Holdings. “His track record of delivering intricate projects with investor trust makes him the ideal candidate to lead Hearthfire’s growing development platform.”
Pete brings more than 22 years of experience in managing construction and real estate development projects across government facilities, stadiums, healthcare facilities, educational buildings, laboratories, and civil infrastructure. Over the past 12 months, he has successfully overseen the completion of seven self-storage projects, demonstrating his capacity to deliver accurate and effective large-scale work. He currently manages projects across the Midwest and Northeast in his capacity as Development Manager.
As a Construction Science graduate from Texas A&M University–Commerce, Pete’s prior experience as a general contractor included overseeing intricate, multi-million dollar construction projects. He enjoys his free time by traveling, attending live events, and engaging in outdoor activities with his partner, Marissa, and their three children, Tucker, Ellen, and Brody.
Pete’s newest position as Chief Development Officer at Hearthfire enables him to strengthen the company’s position as a dependable partner for wealth accumulation through institutional-grade self-storage investments.
Media inquiries and interview requests for Hearthfire Holdings should be sent to Thomas Mustac, Senior Publicist at Otter PR, at [email protected].
About Hearthfire Holdings
Hearthfire Holdings is a real estate and private equity firm focused on self-storage investments. The company boasts more than $180 million in assets under management and has achieved nine successful exits, with an established reputation for selecting markets, operational sophistication, and investor-aligned structures. Led by Sergio Altomare, co-founder and former Executive Director of Technology at the Federal Reserve, Hearthfire applies institutional-level financial management, advanced technology, and highly disciplined real estate execution to locate and monetize underperforming assets and development opportunities.
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