Denholtz Properties said Wednesday that it added a duo of seasoned industry executives to its already successful and experienced team. David Bachstetter has been brought on as the firm’s chief investment officer, and Jenniffer Collins has been hired as the Red Bank firm’s chief financial officer.
Both Bachstetter and Collins have decades of real estate industry experience and will assist the Denholtz team in executing its growth strategy across New Jersey and the Southeast.
“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 Steven Denholtz, CEO of Denholtz Properties. “As we continue to execute our growth plans, we are confident that Dave and Jenniffer’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 brings nearly 20 years of commercial real estate advisory and operator experience to his new role. Leveraging his strategic and analytical mindsight, Bachstetter will work closely with President Stephen Cassidy and Denholtz Properties’ acquisitions, development and finance teams to identify opportunities to increase efficiency and profitability throughout the company’s investment platform as it continues the significant growth of its multimillion-square-foot investment portfolio.
Prior to joining Denholtz, Bachstetter served as vice president and treasurer for Hovnanian Enterprises, one of the nation’s largest homebuilders. Prior to that he served as investment banking vice president – real estate for Barclays Capital.
Bachstetter’s addition comes amidst the company’s recent launch of a joint venture partnership with an affiliate of an institutional investment management firm that seeks to acquire over $1 billion in multitenant industrial projects strategically located in densely populated high-growth infill areas. As the company aggressively bolsters its existing presence and charts its entrance into several new markets across the region, Bachstetter’s data-driven approach and keen understanding of real estate finance and investment will make him an invaluable member of the Denholtz Properties executive team.
Collins will lean on her three-decade-long career in real estate financial management in her new position as CFO. She will focus on maximizing efficiency across the organization through the streamlining of internal processes and identifying novel applications of the latest financial technologies. Leveraging an extensive background in business intelligence, budgeting, forecasting and strategy, Collins will work closely with the firm’s executive team to provide the real-time, actionable financial insights needed to make data-driven investment decisions.
Prior to joining Denholtz, Collins held the CFO, vice president of finance and corporate controller positions for several public companies, including the VP-controller position at the Lightstone Group for its Lightstone Value Plus REIT Inc. and Lightstone Value Plus REIT II Inc. Collins has also served as a director and chairman of the Audit Committee for Manasquan Bank since 2017.