Fairfield-based Woodmont Properties, a leading owner, developer and manager of multifamily and commercial properties throughout the U.S., on Friday announced two exciting transitions within its executive leadership team effective Jan. 1, 2024.
After 32 years of service, Woodmont President Lewis Zlotnick will transition to a newly established strategic role of executive vice president of the company’s Florida division, and Chief Financial Officer Daniel Miller has been promoted to chief operating officer and will assume Zlotnick’s responsibilities.
In his new role, Zlotnick will spearhead Woodmont’s strategic expansion in Florida, where the team has invested in a robust industrial development pipeline surpassing 4 million square feet. In the past year, Woodmont Industrial Partners has executed several key industrial acquisitions and groundbreakings in the region.
“Over the past 32 years, I have had the pleasure of contributing to Woodmont’s evolution from a 10-person local real estate company to a national developer with an unparalleled 160-person team. I am extremely proud to have participated in Woodmont’s exponential growth and expansion into multiple asset classes, including multifamily and industrial properties,” Zlotnick said. “Daniel is an exceptional member of Woodmont’s executive leadership and the ideal candidate for chief operating officer. I look forward to supporting Woodmont’s continued growth with Daniel at the helm.”
Miller began his tenure at Woodmont in 2011 as chief financial officer. Since then, he has managed corporate financial resources and charted a course for the company’s financial success. In his new role as COO, Miller will assume Zlotnick’s responsibilities, including Woodmont’s strategy, implementation and operations, and will provide oversight to the construction, property management, marketing, information technology and human resources divisions. Miller will also retain his responsibilities as CFO.
“Lewis’ legacy of leadership and team building, disciplined and relentless approach to execution, measured decision-making and overall passion for success has benefited the entire Woodmont family, and I have cherished learning from him over the past 12 years,” Miller said. “Our most well-rounded executive, Lewis has significantly contributed to Woodmont’s growth through operational leadership in entitlements, construction, property management, marketing, information technology and human resources, even before division heads were introduced to oversee these functions. I am honored to assume the role of chief operating officer. In tandem with Woodmont’s valued team members, I look forward to playing a pivotal role in the company’s next chapter.”
Prior to joining Woodmont, Miller was a controller with the Hampshire Cos., where he oversaw the accounting, reporting and cash management for three value-added real estate investment funds targeted at institutional investors. Before his time with Hampshire, Miller spent seven years as an auditor with Ernst & Young, specializing in servicing real estate clients.
“We are incredibly grateful for Lewis’ dedication to Woodmont, its mission and its team members over the last three decades. He will always remain a valued member of the Woodmont family and, in his new role, his leadership and expertise will continue to be instrumental to our success,” Eric Witmondt, Woodmont’s CEO, said. “With Daniel’s proven track record and outstanding capabilities, we are confident in his ability to further elevate our company’s operations and drive us to new heights. His transition to chief operating officer marks an exciting milestone for Woodmont and our current and future endeavors.”
Zlotnick will continue to serve on the Executive Leadership Committee, the Investment Committee and the independent board of advisers.
Woodmont’s activity in New Jersey, New York, Pennsylvania and Texas also remains steadfast. In February, the team launched leasing efforts at Woodmont Liberty at Independence, consisting of 120 luxury residences in Warren County, and, in June, announced that Woodmont Way, its 443-residence luxury rental community in West Windsor was fully leased. In July, Woodmont commenced construction of its newest luxury rental community, Woodmont Forge, which will bring 300 residences to the sought-after Mercer County suburbs. Woodmont also has approximately 8 million square feet of multifamily projects and industrial space in its active pipeline for development over the next several years.