Denholtz
Overview
Denholtz is a 70-plus-year, vertically integrated firm spanning multifamily, industrial, flex and office, with more than $2 billion in asset value and over 7 million square feet, increasingly oriented toward the Southeast and its Denholtz Opportunity Fund II. The firm's industrial and flex emphasis aligns with the most durable demand themes in commercial real estate, and its 'rescue capital' opportunity-fund strategy positions it to exploit dislocation. Dual headquarters in New Jersey and Orlando reflect a deliberate pivot toward higher-growth Southern markets atop a deep, multi-cycle operating history.
Strategy & advantages
- Brings a 70-plus-year vertically integrated history across multifamily, industrial, flex and office.
- Emphasizes industrial/flex assets, aligning with durable demand themes.
- Runs an Opportunity Fund 'rescue capital' strategy positioned for dislocation.
- Pivoting toward higher-growth Southeast markets via a dual NJ/Orlando footprint.
- Manages over $2 billion in value across 7M+ square feet.
Important disclosures. Sponsor information and performance metrics are sponsor-reported and compiled by Baker 1031 from sponsor and public sources; they have not been independently verified and are subject to change. Full-cycle returns, equity multiples, hold periods, and success rates reflect realized programs only (survivorship bias), are averaged across differing assets, vintages, and structures, are net of fees and program expenses, and are not indicative of future results and not a recommendation. Designation as a preferred sponsor reflects Baker’s due-diligence coverage, not an endorsement or guarantee. For accredited investors only; not an offer or solicitation. Securities offered through Aurora Securities, Inc. (ASI), member FINRA/SIPC; subject to registered-principal approval.
Denholtz realized program history
Full-cycle (realized) programs from Denholtz that we track — reported by the sponsor and shown net of all fees, sales load, and program expenses. Mean is the headline; median is beneath.
| Investment | Asset Class | Hold (yr) | Equity Mult. | Annual Return |
|---|---|---|---|---|
| Howard Avenue Franklin Township, NJ | Industrial | 0.9 | 3.92x | 290.5% |
| Falcon Three Pak Various, NJ | Industrial | 9.0 | 9.50x | 33.2% |
| Two Somerset Executive Somerset, NJ | Office | 2.2 | 1.76x | 30.7% |
| Silver Star Commerce Center Orlando, FL | Industrial | 3.4 | 2.12x | 29.0% |
| 490 First Ave St. Petersburg, FL | Office | 2.7 | — | 26.7% |
| Clark Commercial Center Clark, NJ | Industrial | 9.2 | — | 24.7% |
| FL & IND TT LLC (Investcorp Portfolio) Various (FL & NJ) | Industrial | 3.1 | 1.76x | 24.1% |
| University Corporate Center Winter Park, FL | Industrial | 5.4 | 2.43x | 22.5% |
| Cypress Park Orlando, FL | Industrial | 4.2 | 1.95x | 19.3% |
| Parkway Commerce Center Orlando, FL | Industrial | 2.2 | 1.40x | 17.7% |
| Industrial Way Eatontown, NJ | Industrial | 4.0 | 1.68x | 15.1% |
| Pinellas Business Center St. Petersburg, FL | Industrial | 8.9 | 1.51x | 14.9% |
| Five Pak Various (FL & IL) | Office | 5.0 | 1.54x | 10.2% |
| Horizon Center Hamilton, NJ | Industrial | 4.0 | 1.42x | 10.0% |
| 3AAA Hamilton, NJ | Industrial | 4.0 | — | 9.4% |
Sponsor-reported and unverified; realized (full-cycle) programs only, which excludes active or terminated programs and tends to overstate results (survivorship bias); net of all fees, sales load, and program expenses; averaged across differing asset classes and vintages. Inclusion is not an endorsement. Past performance is not indicative of future results.