Denholtz Properties has made some big moves lately. In February, the commercial real estate development and investment company launched a joint venture with the goal of acquiring and developing industrial projects with a total value of more than $1 billion. Then, earlier this month, Denholtz announced it acquired an office building in Orlando, Fla., expanding its Downtown Orland Office Portfolio to 186,976 square feet.
To sustain and guide that growth, both in New Jersey and the Southeast, the Red Bank-based firm announced March 30 the addition of David Bachstetter as chief investment officer and Jennifer Collin as chief financial officer.
“We have always taken great pride in our company’s ability to blend the sophistication and capabilities of an institutional investment platform with an entrepreneurial approach that is backed by the firm’s agility, deep market knowledge, and attention to detail,” said CEO Steven Denholtz in a statement. “As we continue to execute our growth plans, we are confident that Dave and Jennifer’s experience and leadership will enable us to build on this legacy and ensure we are positioned to continue to identify opportunities for value creation in the current market.”
Bachstetter comes on board with nearly 20 years of commercial real estate advisory and operator experience, Denholtz Properties said. In his new role, he’ll work closely with President Stephen Cassidy and the company’s acquisitions, development and finance teams to increase efficiency and profitability across Denholtz’s investment platform. His data-driven approach and keen understanding of real estate finance and investment will be particularly invaluable as the company works to bolster its presence and enter new markets, particularly in light of its joint venture effort.
He most recently served as vice president and treasurer for Hovnanian Enterprises. Before that, Bachstetter served as investment banking vice president – real estate for Barclays Capital.
Collins brings experience from her 30-year career in real estate financial management to Denholtz, where she’ll focus on maximizing efficiency by streamlining internal processes and identifying ways to use advances in financial technology. Collins previously served as CFO, vice president of finance and corporate controller at The Lightstone Group (for its Lightstone Value Plus REIT Inc. and Lightstone Value Plus REIT II Inc.). She has also served as director and chairman of the Audit Committee for Manasquan Bank since 2017.