Minoia Recognized for the Second Time in Three Years
Montville, N.J. (October 19, 2023) – Diversified Properties, one of the region’s most experienced and active commercial real estate developers and owners, announces its Founder and Managing Partner Nicholas Minoia has been named to the 2023 GlobeSt. Real Estate Forum Multifamily Influencers list.
Selected annually, the GlobeSt. Influencers in Multifamily Real Estate list recognizes individuals, teams and organizations who have powered the multifamily real estate sector throughout the year and will continue to help shape the future of the sector.
Powered by his entrepreneurial spirit and diverse experience in acquisitions, architectural and engineering design, construction, entitlements, sales and leasing, financing and property management, Minoia founded Diversified Properties in 2000. Since then, Minoia has led the firm in its development of real estate valued at more than $1.5B and today his company boasts a portfolio valued at more than $500M. Under Minoia’s leadership, the company has become one of the region’s most experienced and trusted commercial real estate developers and owners with expertise across all asset classes and markets.
“When I founded Diversified Properties, I set out to build a full-service real estate company capable of bringing any vision to life,” said Minoia. “Being recognized on this list further cements our company’s continued leadership in creating successful multifamily development, redevelopment and adaptive reuse investments. I take great pride in earning this distinction again, and I thank my team for their continued dedication and collaboration to make our success possible.”
Minoia’s keen understanding of development in untapped markets is best exemplified by his work in developing Summit Court, a previously bankrupt industrial site turned luxury multifamily community in Union N.J. Home to hundreds of tenants, Summit Court was designed around creating an upscale residential experience in a market largely ignored by other developers. Accompanied with the residences is a comprehensive resort-like amenities package including a community clubhouse, a pool and sundeck surrounded by BBQ and dining areas as well as fire pits and lounge seating.
In addition to Summit Court, Diversified Properties boasts a growing portfolio of tri-state area multifamily communities including 30 Court, a 58-unit ultra-luxury multifamily building in Morristown, N.J., as well as Summit Lane, a 188-unit luxury apartment community in Newburgh, N.Y., Summit Terrace, a 270-unit luxury apartment community in New Windsor, N.Y., Irondale at Wharton, a 60-unit luxury rental community in Western Morris County, N.J. and Jefferson Place, an 82-unit luxury rental community in Jefferson Township, N.J.
Minoia is also committed to giving back to the community by leveraging his expertise in the commercial real estate industry. Previously, he served as a Project Manager for Habitat for Humanity, where he helped oversee the construction of several hundred single-family homes both nationally and internationally for ten years. In this high-profile role, Minoia worked closely with the charity’s most well-known volunteer, former President Jimmy Carter. Additionally, Minoia serves as a director at ConnectOne Bank and a trustee at RWJ Barnabas Health Clara MAASS Medical Center.
About Diversified Properties
Diversified Properties is one of the region’s most experienced commercial real estate developers and owners with a diverse portfolio of high-quality, value-add assets throughout the northeast and a veteran team of real estate professionals. Diversified Properties leverages its entrepreneurial approach and multi-disciplinary in-house capabilities to capitalize on opportunistic ground-up development and redevelopment projects in key growth markets. Driven by a passion for building, Diversified Properties leverages its extensive hands-on experience to drive value and create spaces where businesses and communities can thrive.