Selected annually, the GlobeSt. Influencers in Multifamily Real Estate list recognizes individuals, teams and organizations who have powered the multifamily real estate sector throughout the year and will continue to help shape the future of the sector.
The recognition highlights the strategic growth of Denholtz Properties’ multifamily platform and ability to execute in an increasingly competitive and challenging marketplace. Driven by the entrepreneurial leadership of CEO Steven Denholtz and President Stephen Cassidy, the company has created a unique operational platform that combines the capabilities and capital markets expertise of an institutional investment firm with the flexibility and agility of a small investment firm.
“Our success has always been underpinned by taking a simple opportunistic investment strategy and executing it flawlessly,” said Steven Denholtz, CEO of Denholtz Properties. “While that is easier said than done in today’s challenging commercial real estate market, we applaud the hard work and dedication of our team in continuing to help us expand our multifamily portfolio and we look forward to what the future holds.”
Over the last several years, Denholtz Properties’ execution of its opportunistic investment approach has helped it significantly increase the size of its multifamily portfolio through ambitious development, redevelopment and value-add acquisitions across the Northeast and Southeast.
Exemplifying its opportunistic approach is its most recently completed multifamily development project – The Rail at Red Bank. Welcoming its first residents in the early fall of 2022, The Rail at Red Bank brought 57 luxury residences, a robust amenities package and 7,500 square feet of ground-level retail to an underinvested area of the burgeoning community of Red Bank. The firm also recently broke ground on The Rail at Bound Brook, a 143-unit community in an emerging residential market in central New Jersey and has plans for several additional Rail communities in New Jersey in the years to come.
Beyond the company’s New Jersey development work, it has also established a growing reputation for superior asset management in the Southeast through its recent acquisition of Vida Apartments, a 289-unit multifamily community in Kannapolis, N.C., and 5150 JB Drive Apartments, a 384-unit multifamily community in Murfreesboro, Tenn. In addition, the firm’s operating platform has helped to create strategic partnerships with local developers across the Southeast to open up further pathways to grow its portfolio in the years to come.