First National Realty Partners of Red Bank on Tuesday named Doug Holtzman to the new position of vice president of NNN leasing and acquisitions. Holtzman, a 14-year industry veteran who specializes in investment sales and the leasing of single-tenant retail properties, joins the vertically integrated real estate investment firm as it seeks to develop new avenues for driving value for investors.
Founded in 2015, FNRP continues a period of strategic portfolio growth nationwide, targeting grocery-anchored, open-air retail centers in primary and key secondary markets. While this remains the company’s core business, Managing Director Fred Battisti noted that Holtzman’s appointment is integral to the firm’s launch of a triple-net leasing and acquisitions division to focus on net-leased properties.
“This was a challenging role to fill,” Battisti said. “We were looking for a specific skill set that not many people have, and it took time to find the right candidate. Doug is a NNN acquisitions, disposition and leasing specialist with a diverse background and extensive experience in this product type. We are excited to have the talent in place that will allow us to partner with national NNN brokers and source new opportunities as our firm continues to grow and scale.”
A resident of Tampa, Florida, Holtzman will play a vital role in leveraging FNRP’s breadth and depth of internal resources to generate investor value by identifying properties with near-term leasing expirations and taking those deals full cycle — from sourcing to leasing to exposition — within a target 18-month period.
“Leading this new division and steering its growth is the marriage of everything I have done in my career,” Holtzman said. “I am excited to work with a company that has a national platform, a great reputation and a strong track record of closing. And, in the current market, there is tremendous opportunity to leverage FNRP’s vast experience, expertise and established name to capitalize on these types of deals.”