D
enholtz Properties, a New Jersey-based commercial real estate investment and development company, has appointed Katie Kurtz as its new CEO. Kurtz joins the firm from Silverstein Properties, where she served as co-chief investment officer and chief financial officer. She replaces Steven Denholtz, who will continue to serve as chairman.
Kurtz's appointment marks a significant milestone for the 120-person company, which has been led by the founding family for seven decades. The decision to bring in an external CEO was driven by the need for succession planning, with Cassidy noting that his children are still in college and Denholtz's children work outside of the industry.
Cassidy praised Kurtz as a strong fit for the company's culture and values, citing her experience in institutional real estate and entrepreneurial spirit. As CEO, Kurtz will oversee daily operations and continue to drive growth at the firm, which has $2 billion in assets under management.
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