Montville, N.J. (June 1, 2022) – Diversified Properties, one of the region’s most experienced commercial/residential real estate developers and owners, announces the hiring of Peter Matarazzo as Chief Financial Officer.
In his new role, Matarazzo will work closely with Diversified Properties’ executive team to streamline the firm’s operations and finance departments through the addition of new operational workflow efficiencies, the restructuring of manual processes and improving the adoption of the latest real estate and business technologies.
Prior to joining Diversified Properties, Matarazzo served as Chief Financial Officer and Controller with Arete Management, a New York City-based developer of low-income and affordable housing with a portfolio of 18 Low-Income Housing Tax Credit buildings in New York City and over 80 affordable housing, commercial and mixed-use properties in Hudson, N.Y. Matarazzo presided over all financial reporting items, including monthly closing of books and records, financial statement preparation in accordance with GAAP, account reconciliations, investor reporting and tax filings for over 50 entities consisting of development, real estate operations, commercial properties and non-profits.
“Peter’s previous work with Arete Management exemplifies his attention to detail and his ability to drive financial success at multifaceted and fast-moving organizations,” said Diversified Properties Founding and Managing Partner Nicholas Minoia. “We are excited to welcome Peter to the team and look forward to working with him to continue to execute our real estate investment strategy in the years to come.”
Matarazzo added, “From the moment I had my first conversation with the executive team at Diversified Properties, it was clear that they have the vision and creativity needed to succeed in today’s commercial real estate industry. I am honored to join one of the real estate industry’s most experienced executive teams and help them build upon their decades of success.”
About Diversified Properties
Diversified Properties is one of the region’s most experienced commercial/residential real estate developers and owners with a diverse portfolio of high-quality, value-add assets under management and in the pipeline throughout the northeast. Diversified Properties’ veteran team of real estate professionals 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.
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For more on Diversified Properties, please visit https://www.diversifiedproperties.com.