Jeff Fenner
By Joshua Burd
Denholtz Properties has hired Jeff Fenner as director of multifamily to oversee its growing portfolio of apartments across New Jersey and the Southeast.
The Red Bank-based firm said Fenner, who joins its team from Mill Creek Residential, will work closely with its senior leadership as he manages cash flow, distribution analysis and investment projections. In addition, he’ll continue to streamline the company’s multifamily revenue management and reporting structures to ensure optimal financial performance, while identifying opportunities to leverage real estate technology such as Yardi to increase efficiency and scalability.
The move follows a year in which Denholtz expanded its residential portfolio with the start of construction for The Rail at Bound Brook, a 143-unit property at 100 Hamilton St. in Bound Brook that’s slated for completion in 2024, and with its acquisition of the 214-unit Solo at North Bergen property at 4828 Tonnelle Ave.
“Our success has always been driven by our ability to execute in any market,” said Greg Brown, Denholtz Properties’ chief operating officer. “We are confident that Jeff’s institutional background and understanding of the multifamily asset management process will allow us to build upon the growth of our multifamily portfolio and continue to find success in this competitive market.”
Fenner is a former regional manager with Mill Creek Residential, where he oversaw seven communities comprised of 2,027 apartments and 16 retail spaces, according to a news release. Previously, he held roles in multifamily management and leasing at BNE Real Estate Group, United Dominion Realty, AMLI Residential and AMCS.
“I have taken great pride in my work to help companies create superior residential experiences across the country throughout my career,” Fenner said. “I am excited to leverage my deep experience and strategic mindset to build upon Denholtz Properties’ reputation for superior multifamily asset management in my new role.”
The firm’s expansion in recent years also includes acquisitions in the Southeast. Among its newly added properties are 5150 JB Drive Apartments, a 384-unit multifamily asset in Murfreesboro, Tennessee, and Vida Apartments, a 289-unit community in Kannapolis, North Carolina.
Earlier in 2023, Denholtz also completed Novi Flats, a 48-unit mixed-use property in downtown Concord, North Carolina, in a joint venture with Lansing Melbourne Group.
