
Denholtz Properties Welcomes New General Counsel
6 May 2022
Denholtz Properties Welcomes Michael D. Prashad as General Counsel
Denholtz Properties is pleased to announce the hiring of Michael D. Prashad as General Counsel, expanding the firm’s executive team with over 12 years of commercial real estate and corporate legal experience. In this role, Prashad will oversee all legal matters, including corporate governance, securities, joint ventures, and real estate transactions.
Prashad previously served as General Counsel and Corporate Secretary for Monmouth Real Estate Investment Corporation, where he played an instrumental role in growing the REIT’s portfolio value from approximately $900 million to $4 billion, culminating in a $4 billion sale of the company. Under his leadership, Monmouth Real Estate’s gross leasable area doubled to 26 million square feet, positioning it as a leading entity in the sector.
“We are confident that Michael’s strategic insight and proven expertise will further enhance our ability to pursue strategic real estate investments and deliver value for our investors,” stated Stephen Cassidy, President of Denholtz Properties. “His addition strengthens our already seasoned executive team.”
Prashad added, “The entrepreneurial spirit and clear vision at Denholtz Properties are compelling. I am excited to join a team with such deep industry knowledge and experience and look forward to contributing to the firm’s ambitious growth plans.”