Denholtz Properties announces that CEO, Steven Denholtz, has been named to NJBIZ’s 2019 Real Estate Power 50 list. Selected annually, the NJBIZ Real Estate Power 50 list celebrates the vision and leadership of New Jersey’s most powerful real estate executives and municipal leaders.
Named to the list for the first time, Denholtz has been recognized in large part due to his work at the helm of Denholtz Properties and his ongoing contributions to the industry, which continue to elevate his stature in the state’s real estate community. For over 30 years, Denholtz has been a steady force in the New Jersey business community, navigating turbulent business cycles with a steady hand and a strong vision. Since he took over Denholtz Properties in 1983, the company has seen substantial growth as a direct result of Denholtz’s leadership. The once small real estate operation now employs more than 60 real estate professionals and manages 4,223,532 square feet of office, industrial and flex space across New Jersey, Pennsylvania, and Florida. Guided by Denholtz’s creativity and innovative approach to investment, Denholtz Properties has showcased a unique ability to identify opportunities in an increasingly crowded market and find value in a wide range of strategic development, redevelopment, and value-add projects.
“In one of the most competitive real estate markets in the nation, it can often be difficult for real estate executives to stand out from their peers,” said Stephen Cassidy, President of Denholtz Properties. “However, over his 30 plus year career, Steven’s ability to create value where many others miss it in a range of economic climates has allowed him to become one of the state’s most influential real estate professionals. The entire team at Denholtz Properties congratulates Steven on this much-deserved honor and to continuing our work under his leadership to bring unique and transformative real estate projects to life across the state.”
Over the last year, Denholtz in conjunction with long-time business partner, Cassidy has also overseen the rebrand of the company from Denholtz Associates to Denholtz Properties. More than just a name change, the rebrand allowed the company to reassert their investment strategy to increase their focus on investments in urban cores and bring community-oriented projects to life throughout their target markets of New Jersey and Florida. Along with the rebrand, Denholtz also guided the company’s relocation to downtown Red Bank, N.J. to an office building that will soon be integrated into the firm’s The Rail @ Red Bank Station project, a mixed-use community currently under construction. Steven’s initiative and leadership in rebranding and relocating his company has ensured that Denholtz Properties can remain a leader in the state’s real estate community and showcases why he continues to be one of New Jersey’s premier real estate executives.
In addition to his work with Denholtz Properties, Denholtz has served as a Board Member for the New Jersey Economic Development Authority, Board Member of the NJEDA, Board Member at Jersey Shore Hospital, Treasurer and Board of Trustees Member of the New Jersey Chapter of NAIOP, Board Member of Meridian Health Affiliated Foundations, and is a member of the New Jersey Bar Association. Denholtz also serves on the Advisory Council and as faculty for the Kislak Real Estate Institute at Monmouth University where he leverages his invaluable first-hand real estate knowledge to help mentor the university’s young and talented core of individuals entering the real estate business.
In addition to his business and personal achievements, Denholtz prioritizes giving back to his local community through a number of philanthropic initiatives. He is heavily involved in Monmouth University’s Students for Sober Living organization and recently helped organize and furnish a lounge space to provide students in recovery with a place to gather with their fellow classmates. As a proud supporter of Open Heart Yoga in Red Bank, Denholtz’s sponsorship of the studio allows the company to provide free yoga classes and educational programming to the local community. Denholtz is also an advocate for the local Red Bank arts community, continually searching for new ways to integrate the work of up and coming artists into Denholtz Properties’ spaces. Highlighting this commitment, Denholtz recently commissioned local artist, Kathleen Palmieri, to paint a mural on the exterior of their 116 Chestnut Street headquarters in Red Bank.
Under Denholtz’s leadership, Denholtz Properties has also developed a company-wide commitment to giving back to their local community. Denholtz Properties is proud to provide a home for Popcorn for the People, a non-profit organization focused on providing meaningful & lasting employment for adults with autism and other developmental disabilities, in their Piscataway Corporate Center. The firm also volunteers with a range of Red Bank-based non-profits including Lunch Break and JBJ Soul Kitchen throughout the year. As a part of these volunteer opportunities, members of the Denholtz team have supported these organizations through school supplies collections and food drives aimed at helping those in need in the surrounding community.