Denholtz Properties, a real estate investment and development company based in Red Bank, New Jersey, has hired multifamily veteran Jeff Fenner as director of multifamily.
In his new role, Fenner will be responsible for operations across Denholtz’s entire portfolio, which extends across New Jersey and the Southeast. In cooperation with the senior leadership team, he will also manage cash flow, distribution analysis and investment projections. His goals include streamlining the company’s revenue management and reporting structures and incorporating real estate technologies, such as Yardi, to increase operating efficiency.
“I have taken great pride in my work to help companies create superior residential experiences across the country throughout my career,” Fenner said in the release. “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.”
Fenner has held a variety of leasing and management roles across his career, including positions at BNE Real Estate Group, United Dominion, AMLI Residential and AMCS. He most recently served as a regional manager at Mill Creek Residential, where he oversaw 2,027 apartments across seven communities.
“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,” said Greg Brown, chief operating officer of Denholtz Properties.
Denholtz’s portfolio includes industrial, retail, office and multifamily properties, totaling 45 assets under management and 10 more underway, according to the firm’s website. The company is expanding its portfolio through both development and acquisition.
New and upcoming multifamily assets include The Rail at Bound Brook, a 143-unit property in development in Bound Brook, New Jersey; and Solo at North Bergen, a 214-unit property acquired in North Bergen, New Jersey.