Commercial and residential real estate firm, Alfred Sanzari Enterprises (ASE), said on March 22 that its Chief Operating Officer, Ryan Sanzari, was promoted to president, taking over the reins from David Sanzari, who was appointed president in 1988 and became President and CEO in 1998. In his new role, Ryan will be responsible for overseeing Alfred Sanzari Enterprises’ construction, leasing, property management, and accounting departments while ensuring the firm’s operational efficiencies. David Sanzari will continue to direct the long-term strategy of the organization as chief executive officer.
Since being appointed COO in 2016, Ryan has helped guide the sustained growth of ASE, spearheading a number of innovative initiatives, technologies and strategies to enhance and streamline the firm’s operations as well as its portfolio, particularly on the residential and hospitality fronts. As the company looks toward the future, Ryan will bring his expertise, vision and strong leadership to the role of President, upholding Alfred Sanzari Enterprises’ 75-plus-year legacy while continually evolving to meet the ever-changing needs of today’s tenants and residents.
“Ryan has played an integral role in our firm’s success over the past several years, demonstrating outstanding leadership on a number of fronts to enhance our portfolio, modernize our operations and consistently put our employees and tenants first,” said David Sanzari. “Throughout his time with the company, Ryan has steadfastly charted a clear vision for the future of our firm while never losing sight of the foundational ideals that have stood at the root of our success for the last 75 years. It is with great pride that I am naming him as my successor as President and I look forward to watching him lead the organization into the future.”
A testament to the forward-thinking perspective he brings to the company, Ryan recently initiated and oversaw a sweeping upgrade of the organization’s technology infrastructure, substantially improving operating and financial efficiencies, while enabling a more collaborative workflow enterprise-wide. Additionally, Ryan significantly revamped ASE’s internal capabilities, placed a renewed focus on recruiting and retaining the industry’s top talent, and has successfully created the strongest property management division in the firm’s history. Ryan has also been integral in the ongoing transformation of the company’s multifamily portfolio, where he helped oversee the 1031 exchange that enabled the firm to acquire Zephyr Ridge in 2019, a 24-unit luxury multifamily property located in Cedar Grove. He also worked closely on the acquisition of Greenway Village in 2016, a 49-unit apartment complex in Metuchen.
“I am incredibly fortunate to have worked alongside my father over the course of my career, during which I have gained invaluable insights from him as a mentor, leader, and businessman,” said Ryan Sanzari, President of Alfred Sanzari Enterprises. “I am deeply honored and humbled to build upon the examples of my father and grandfather and am thankful to our dedicated team of employees who have been instrumental in our continued success and always go above and beyond to provide the best possible experiences for our tenants.”
Under Ryan’s leadership, ASE has been agile and decisive in navigating the COVID-19 pandemic, prioritizing the health and safety of the firm’s employees, tenants and residents while also giving back to the local community. During the pandemic, Ryan recognized a variety of ways the organization could help the local community. The firm donated 2,750 stays at its Hampton Inn & Suites hotel to the selfless health care workers fighting COVID-19, hosted the Bergen County Sheriff’s Office at the parking lot outside its Medical Arts Building as they sanitized personal vehicles of 50+ Hackensack Meridian Health employees, and is continually monitoring for other ways to give back to the community during these challenging times. The firm also worked with the Alfred N. Sanzari (ANS) Family Foundation to donate $20,000 to the Hackensack Public School District to assist in supplying iPads for elementary school students to facilitate virtual learning. Additionally, Ryan is committed to ensuring Alfred Sanzari Enterprises continues to work with the ANS Family Foundation on future initiatives to help give back to the community.