Joel Kestenbaum, son of Louis Kestenbaum, is a founding member and the President of the 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 Property Group’s general investment strategy is to aggressively target and acquire best-in-class / best-in-submarket office properties 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 the 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 adding property value.