Katie Kurtz
By Joshua Burd
Denholtz Properties has tapped Katie Kurtz as its new CEO, as longtime top executives Steven Denholtz and Stephen Cassidy move into new roles with the Red Bank-based firm.
The company said Kurtz, who has more than 20 years of institutional real estate, capital markets and investment experience, will oversee the strategic refinement of its operational platform to capitalize on emerging commercial real estate investment opportunities nationwide. She is the former co-chief investment officer and chief financial officer for Silverstein Properties, where her responsibilities spanned the firm’s portfolio of more than $10 billion in commercial, residential and retail property as well as the development platform and lending business.
Steven Denholtz, the firm’s longtime CEO, will assume the role of chairman and will leverage his vast experience to shape its vision while collaborating closely with the executive team to identify growth opportunities. Stephen Cassidy, its president since 2002, will serve as managing partner and focus on guiding the firm’s capital markets and fundraising operations as it expands and diversifies its $2 billion portfolio of assets under management.
“It has been my honor to lead Denholtz Properties through our evolution over the past four decades,” 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.”
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.”
Prior to Silverstein Properties, Kurtz was an executive vice president at AR Global and held leadership roles with The Carlyle Group and New Mountain Finance Corp. She now joins a company that has pivoted several times during its 72 years in business, most recently ramping up its multifamily development and acquisition pipeline while continuing to focus on industrial property.
Denholtz has a regional headquarters in Orlando, Florida, long a key market for the firm, with a vertically integrated platform consisting of more than 100 full-time employees.
“Steven and Stephen’s decades of leadership and vision have established a sophisticated model for responsible commercial real estate investment capable of achieving results in even the most complex investments,” Kurtz said. “I am excited to join the Denholtz Properties team and use my background to help grow the firm’s platform and achieve new levels of success together.”
