Denholtz Properties, the Red Bank-based privately held, fully integrated commercial real estate development and investment company, has launched a joint venture with an affiliate of an institutional investment management firm targeting multitenant industrial projects strategically located in densely populated high-growth infill areas. The joint venture plans to acquire and develop multitenant industrial properties with a total value of over $1 billion.
Years of development and management of multitenant industrial buildings in the marketplace have enabled Denholtz Properties to identify often overlooked investment opportunities to create value. The joint venture will build upon the success of Denholtz Properties with this asset class to focus on core-plus, value-add investments and developments in target markets near the regional headquarters of Denholtz Properties located in both New Jersey and Florida, as well as the Southeast.
“Finding and capitalizing on value creation opportunities in the current industrial market requires the sophistication and capabilities of an institutional investment platform paired with an entrepreneurial and agile approach,” said Steven Denholtz, chief executive officer of Denholtz Properties. “We look forward to leveraging our unique operating platform and decades of multitenant industrial experience with our investment partner.”
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