Steven Denholtz receives Charles Kratoskin Lifetime Achievement Award from NAIOP NJ
May 17, 2024
Denholtz Properties is pleased to announce that NAIOP NJ, the leading organization for developers, owners and related professionals of office, industrial and mixed-use real estate in New Jersey, has presented CEO Steven Denholtz with the Charles Klatskin Lifetime Achievement Award during the organization's 37th annual Commercial Real Estate Awards Ceremony held May 16 at The Palace at Somerset Park.
The annual NAIOP Commercial Real Estate Awards recognize the brightest stars in the state's dynamic and competitive commercial real estate industry, while the Charles Kratoskin Lifetime Achievement Award recognizes an executive who has become synonymous with excellence throughout his career and will continue to shape the industry for years to come.
Since joining Denholtz Properties in 1985, Steven Denholtz has embodied NAIOP NJ's mission to promote responsible, sustainable development that creates jobs and benefits local communities. With Steven's leadership focused on investing his time, money and expertise to build stronger, more resilient communities, Denholtz Properties' long-term success is intrinsically tied to making a positive social impact.
“Throughout his long and distinguished career, Steven Denholtz has demonstrated the transformative potential of real estate investing and how real estate managers can be a force for positive change in their communities,” said Dan Kennedy, CEO of NAIOP NJ. “We congratulate Steven on this honor and look forward to his continued leadership in our state's commercial real estate industry.”
Denholtz added, “It is the highest honor to be added to the ranks of recipients of this prestigious award. I thank my Denholtz Properties team members, past and present, for helping me grow as a leader and I look forward to all we will accomplish in the future.”
Under Denholtz's leadership, in the past five years alone, Denholtz Properties has grown its assets under management to more than $2 billion and its employee base to more than 100.
In 2019, Denholtz oversaw the company's relocation from Matawan, New Jersey to Red Bank, marking an ambitious new phase for the company and its employees. In addition to the relocation, the company also completed a complete renovation of the office building that serves as its headquarters. The risk clearly paid off, as the company is now a staple in the Red Bank community and a leading voice in shaping the future of one of New Jersey's most dynamic towns.
Additionally, Denholtz, along with President Steve Cassidy, has helped the company expand into new markets throughout the southeastern U.S. Since 2020, the company has significantly expanded its portfolio in Orlando and Tampa, Florida, while also establishing a presence in Texas, Tennessee, North Carolina and Georgia.
Denholtz Properties' expansion has been made possible by its continued investment in talent and focus on cultivating a diverse and inclusive workplace. From Denholtz to its newest junior-level employees, these efforts have fostered an environment where innovation thrives. Many of the organization's key members also began their careers in entry-level positions and are now part of the company's executive team.
Ms. Denholtz has been a vocal advocate for increasing the number of women in the male-dominated commercial real estate industry. Currently, Denholtz Properties has several women on its senior management team, and she is committed to paving the way for even more women to assume leadership roles in the future. In addition to her work expanding Denholtz Properties' operational capabilities and geographic reach, Ms. Denholtz is also committed to supporting nonprofit organizations that impact the local community. Denholtz Properties is an avid supporter of Lunch Break, a Red Bank organization that provides free food, clothing, life skills, and companionship to those in need in Monmouth County and beyond. Additionally, Ms. Denholtz serves as a trustee and adjunct professor at Monmouth University's Kislak School of Real Estate and was recently appointed to the board of directors of the Monmouth Conservation Foundation. She also donates her time and leadership to Meridian Health Associated Foundations, the New Jersey Economic Development Authority, and the Count Basie Center for the Arts.
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