HACKENSACK, NJ-Veteran developer Steve De Mattheis has joined NAI James E. Hanson as CEO of the company’s property management subsidiary, NAI Hanson Management LLC. De Mattheis also will continue to run his own firm, De Mattheis Real Estate, LLC, based in Verona, NJ, where he remains managing partner and CEO. In fact it was through this company that he came to Hanson, he tells GlobeSt.com.
“I’ve been doing commercial property management and real estate development my whole life,” says De Mattheis, who joined Hanson in August. He also has significant experience in repositioning distressed properties.
De Mattheis and Hanson worked on a medical deal earlier this year, and “we started to see a synergy. If I were to utilize my resources, we would create more opportunities for Hanson and myself.”
Under De Mattheis, NAI Hanson Management will offer an enhanced spectrum of property management services for the company’s 3.9 million square feet of assets owned and under management, encompassing office, industrial/warehouse and retail properties located throughout the Northeastern United States.
“We’re looking for portfolio growth,” De Mattheis says. “There is a tremendous amount of opportunity in the Northeast, and specifically in New Jersey and the New York metropolitan area.”
Among those opportunities are investors such equity funds that are purchasing both performing and nonperforming debt, he says. “They need construction management and equity partners to facilitate the stabilization of those assets,” De Mattheis says. “This is an area we will pursue aggressively.”
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