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Jun 10, 2016 · Village Green, was established in 1919 by 25 year-old Russian immigrant Joseph Holtzman while he was working at Ford Motor Co. Joseph's grandson, Jonathan Holtzman, came into the business in the late 1970's. In addition to expanding outside of Michigan, from the mid 1980s to early 1990s, Jonathan Holtzman bought out various family interests in ...
Apr 2, 2024 · A predecessor to the Holtzman entity that owns the property, called Village Green, paid $19 million for the asset back in 2014, and refinanced it two years later with the $25 million mortgage now ...
- Strategic Shifts
- Aligning Interests
- Coming Full Circle
To bring Village Green to the next level, Holtzman knew he’d have to improve the company’s property management and customer service. He remembered the shock he felt the first time he visited a Village Green community, which was losing $300,000 per year. Jonathan Holtzman “The leasing agent would give the keys to a prospect and say, ‘The model is do...
Developing a reputation as a leading multifamily developer with more than 40,000 apartments under management, Village Green in 2010 attracted the attention of a large capital partner, Sammons Enterprises. The firm proposed that its real estate arm, Compatriot Capital (CCI), buy a 50 percent stake in Village Green’s operating companies and provide i...
While CCA has been operational for just under two years, the company has grown substantially. Having dropped from 1,200 employees to two, CCA is expected to have a staff of 300 by June 2018. To fulfill its vision of being customer-focused, the company has brought on the majority of its employees from the hospitality industry. This included the May ...
- 31700 Middlebelt Road, Suite 140, Farmington Hills, 48334
- (248) 385-3727
Aug 15, 2024 · The just-completed, 23-story downtown building that had been called City Club Apartments Cleveland has a new name — Skyline 776 — and a rejiggered ownership group. Farmington Hills, Michigan-based real estate developer Jonathan Holtzman is no longer part of the ownership team. Stanley Dickson, a Detroit lawyer and accountant, said in a ...
- Stan Bullard
Holtzman and Compatriot Capital had co-owned Village Green Holding since 2011. Holtzman was the third generation of his family to lead Village Green. His grandfather Joseph Holtzman started as a single-family home builder in 1919; father Irwin "Toby" Holtzman and uncle David Holtzman expanded the company to include commercial, retail and apartment development, construction and management.
- 31700 Middlebelt Road, Suite 140, Farmington Hills, 48334
- (248) 385-3727
May 2, 2018 · In June 2016, CCI bought out Holtzman’s 50 percent interest in all of Village Green’s operating companies. Holtzman retained ownership of the 10,000-unit, 30-community portfolio valued at $2 ...
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Jan 17, 2020 · Until 2016, Plaintiff Jonathan Holtzman was the principal owner of the Holtzman family's conglomerate of business entities (the "Village Green entities"). ECF No. 1, PageID.1, 3 (Compl.). For approximately 100 years, the Village Green entities have engaged "in the business of developing, operating and managing high-end multifamily housing ...
