Red Bank, New Jersey-based commercial real estate investor and developer Denholtz Properties announced on Sept. 18 that it has named Katie Kurtz as the company’s new CEO.
Steven Denholtz, who has served as the company’s CEO since 1985, will take on a new role as company chairman. Stephen Cassidy, the current president, will now serve as managing partner.
Previously, Kurtz was co-chief investment officer and chief financial officer of New York City-based Silverstein Properties. There, she managed a portfolio of over $10 billion in commercial, residential and retail space, as well as the company’s development platform and lending business. Before that, she served as an executive vice president at New York City-based AR Global and held leadership positions at The Carlyle Group, based in Washington, D.C., and New Mountain Finance Corp. in New York City.
“I am excited to join the Denholtz Properties team and use my background to help grow the firm’s platform and achieve new levels of success together,” said Kurtz.
Denholtz Properties has a portfolio of $2 billion in assets under management, including industrial, office, retail and multifamily properties along the East Coast and in Texas. Its most recent multifamily project is Stadium Lofts, a 43-unit mixed-use property that opened in August next to the Kannapolis Cannon Ballers minor league ballpark in Kannapolis, North Carolina. Concord, North Carolina-based Lansing Melbourne Group is the project’s developer, and Denholtz is the property manager.
In his new role as chairman, Steven Denholtz is expected to shape the firm’s strategic vision and collaborate with the executive team to find growth opportunities.
“It has been my honor to lead Denholtz Properties through our evolution over the past four decades,” Denholtz said. “As we look to the future, we are confident that Katie’s extensive experience and leadership will guide us in building upon our legacy while seizing new opportunities for sustained growth.”
