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Joel Kestenbaum
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@fortispropertygroup.com

Joel Kestenbaum

Fortis Property Group

President

Job Functions: Executive, Acquisitions & Dispositions, Asset Management, Development, Leasing, Property & Facility Management, Research & Strategy

Bio

Joel Kestenbaum, son of Louis Kestenbaum, is a founding member and the President of Fortis Property Group, LLC. As President, Mr. Kestenbaum actively manages the company’s day-to-day operations and oversees all company functions.Along with Louis Kestenbaum, Joel Kestenbaum determines the overall strategic direction of the company and makes all investment decisions. Prior to founding Fortis, Mr. Kestenbaum oversaw the Kestenbaum family’s New York City residential property investments.Under Louis and Joel Kestenbaum’s direction, Fortis’s general investment strategy is to aggressively target and acquire best-in-class / best-in-submarket office proper- ties with value-add opportunities. The general value-add opportunities that Fortis pursues are (a) vacancy lease-up, (b) mark-to-market leasing and (c) asset repositioning in the form of common area upgrades and tenant amenity additions.With Joel and Louis Kestenbaum’s oversight, the Fortis executive team personally monitors and controls all leasing, asset management and repositioning activities to ensure that the value-add opportunities are maximized and fully executed. This includes selection of leasing agents, implementation and supervision of property enhancement programs and maintaining an active role in the leasing and property management processes. Under the Kestenbaums’ direction, Fortis has a fully integrated operating platform that ensures maximum focus on, attention to and execution of operating efficiencies and the creation of property value.

Areas of Interest

Deal Type
Acquisition, Development, Ground Lease, Loan Purchase, Opportunity Zone, Partner Buyout, Pre-Development, Recapitalization, Refinance, Rehabilitation