Dinstein to lead firm’s expansion with opening of New York City office
BALTIMORE, MD – Continental Realty Corporation (CRC), a Baltimore-based commercial real estate investment and management company, will expand to New York City and has tapped Josh Dinstein as Senior Vice President of Acquisitions to lead the initiative. Dinstein brings over two decades of commercial real estate experience to the company and previously served as managing director at Garrison Investment Group.
In this new role, Dinstein will lead all activities of the CRC retail acquisition team in the sourcing and acquisition of retail properties, while growing the firm’s geographic presence with a New York office. Utilizing his deep network of industry relationships, Dinstein will seek to leverage CRC’s platform to identify and execute investment opportunities. Dinstein will also interact with investors, research companies and other market participants to further elevate the visibility and awareness of the CRC brand on a national basis.
Prior to joining CRC, Dinstein served as managing director at Garrison Investment Group, where he oversaw retail property investment, strategy, development, leasing, management and disposition. Earlier he was a portfolio manager in the special situations group at Kimco Realty Corporation, where he was responsible for investing in distressed retailers and grocery chains. Dinstein earned a Bachelor of Science degree from Boston University and a Master of Business Administration from Columbia University. He is a member of the International Council of Shopping Centers, the Urban Land Institute and the Turnaround Management Association.
“Josh assumes a critical position on our acquisition team as we continue our strategic approach in the identification and purchase of retail assets that bring long-term value to our investor groups,” stated JM Schapiro, Chief Executive Officer of Continental Realty Corporation. “We were particularly impressed with his varied background, originating and structuring transactions for companies with national platforms, combined with his perspective and experience in the debt and equity arenas. His demonstrated ability to analyze markets and complicated opportunities provides the perfect complement to our existing team and the current market in which we find ourselves as investors and operators of commercial real estate. Most importantly, Josh’s core values align with the CRC Core Values, which have been developed over our company’s 60 years.”
“While the real estate market has changed dramatically over the past five months due to the pandemic, we believe that the uncertainty in the market will provide generational risk-adjusted buying opportunities, “ stated David Donato, Senior Vice President of Continental Realty Corporation, “Josh’s unique real estate experience across various corporate structures and market segments, ranging from a publicly-traded shopping center REIT to a diversified fund with a focus on alternative investments, gives him strong skills and relationships to help CRC source quality acquisitions.”
“The combination of CRC’s vertically integrated organization and long-term view has created an ideal platform with which to invest in retail real estate today,” added Dinstein. “The opportunity to grow the brand at such a critical time in the industry is exciting to me and the company is ripe for it. I am thrilled to join such an established and respected firm.”
Continental Realty Corporation (CRC) is focused on acquiring value-add retail and multifamily properties located throughout the Mid-Atlantic and Southeast regions of the United States. Headquartered in Baltimore and founded in 1960, CRC is a full-service commercial real estate and investment company. The privately-owned firm owns and manages a diversified portfolio of retail centers consisting of more than 5 million square feet of commercial space, as well as nearly 10,000 apartment homes. Positioned throughout the Mid-Atlantic and Southeast regions, the portfolio’s value exceeds $2 billion. For additional information, visit www.crcrealty.com