Katie Kurtz has been named the new CEO of Red Bank-based Denholtz Properties. Steven Denholtz, the firm’s previous CEO, will assume the role of chairman, and Stephen Cassidy, the current president, will serve as managing partner. In her role as CEO, Kurtz will oversee the strategic refinement of Denholtz Properties’ operational platform to capitalize on emerging commercial real estate investment opportunities nationwide.
“It has been my honor to lead Denholtz Properties through our evolution over the past four decades,” Steven Denholtz said. “As we look to the future, we are confident that Katie’s extensive experience and leadership will guide us in building upon our legacy while seizing new opportunities for sustained growth.”
Kurtz previously served as co-chief investment officer and chief financial officer for Silverstein Properties. At Silverstein, her responsibilities spanned the firm’s portfolio of over $10 billion in commercial, residential and retail space as well as the development platform and lending business. Prior to that, Kurtz was an executive vice president at AR Global and held leadership roles with the Carlyle Group and New Mountain Finance Corp.
Cassidy added: “Over the years, Steven and I have built a company that maximizes investor returns by assembling an entrepreneurial team adept at navigating ever-changing property and capital markets. As we enter what we believe is the next commercial real estate growth cycle, Katie’s institutional expertise will be crucial in advancing our business model and accelerating our growth trajectory.”
As chairman, Denholtz will leverage his significant experience to shape the firm’s strategic vision while collaborating closely with the executive team to identify growth opportunities. Meanwhile, in his new role as managing partner, Cassidy will focus on guiding the firm’s capital markets and fundraising operations as it expands and diversifies its $2 billion portfolio of assets under management.
