New Dietz Group Plans Up-To-$100M Investment

(Read more on the multifamily market.)

BIRMINGHAM, MI-As a signal of a generational handover, Dietz Holdings and Dietz Management are merging into one company, Dietz Property Group. Founder and CEO Paul Dietz, 64, is stepping into more of a consultant role, and his son and company president Brian, 42, is expanding his leadership of the company.

The company owns and/or operates more than three million sf of commercial properties in Michigan, Ohio, Indiana, Kentucky and Missouri, with about half of its portfolio in multifamily. Paul Dietz had led the Dietz Organization, which specialized in multifamily, until he sold the business to Hendrickson Partners in 2002. Both Paul and Brian led the separate acquisition and management businesses, Brian tells GlobeSt.com. “My father and I were together as partners, but now we’re rebooting the system. We’re looking to unify under a common brand.” The company owns properties such as the 408-unit Stonehaven in Hazelwood, MO; the 472-unit Residences at Towne Center in Columbus and the 135,000-sf Sterling Town Center office building in Sterling Heights, MI.