Denholtz Properties is headquartered in Red Bank
By Joshua Burd
Denholtz Properties has made two key additions to its executive team to support its continued expansion plans in New Jersey and the Southeast.
Joining the Red Bank-based firm as chief investment officer is David Bachstetter, a former vice president with Hovnanian Enterprises. He comes to Denholtz alongside Jenniffer Collins, its new chief financial officer, who has held similar posts with several top real estate companies.
Both bring decades of commercial real estate and finance experience.
“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,” Denholtz Properties CEO Steven Denholtz said. “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.”
According to the firm, Bachstetter brings nearly 20 years of commercial real estate advisory and operator experience. He will work closely with President Stephen Cassidy and Denholtz Properties’ acquisitions, development and finance teams to identify opportunities to increase efficiency and profitability throughout its investment platform, as it continues to grow its multimillion-square-foot portfolio.
The addition comes amid the recent launch of a joint venture between Denholtz and an affiliate of an institutional investment management firm, which aims to acquire more than $1 billion worth of multitenant industrial properties in top markets. Bachstetter’s data-driven approach and keen understanding of real estate finance and investment will support its efforts in that regard, the firm said, as it builds its existing footprint and looks to enter new markets across the region.
He previously served as both vice president and treasurer for Hovnanian, one of the nation’s largest homebuilders. Before that, Bachstetter was an investment banking vice president for real estate for Barclays Capital.
Collins, for her part, comes with three decades of experience in real estate financial management and will focus on maximizing efficiency across the organization, streamlining internal processes and identifying novel applications of new technologies, Denholtz said. Leveraging an extensive background in business intelligence, budgeting, forecasting and strategy, she 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 has held the CFO, vice president of finance and corporate controller positions for several companies, including 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.
