RED BANK, N.J., March 10, 2022 — First National Realty Partners, LLC (FNRP) has appointed David Roth as vice president of leasing. With this key addition, the Red Bank-based, vertically integrated real estate investment firm has hit a key milestone with its 100th team member.
Founded in 2015, FNRP experienced explosive growth in 2021, growing from a team of 38 to 84 employees – with additional new hires across multiple departments to date in 2022. The privately held company continues a period of strategic portfolio growth nationwide, targeting grocery-anchored open-air retail centers in primary and key secondary markets. Already in 2022, the firm has added 4 properties to bring its total portfolio GLA to 6.8M square feet.
“This is an exciting time for our firm and for our team,” said FNRP Chief Operating Officer Kurt Padavano. “We continue to increase our market share across the country, which means that our leasing volume is growing exponentially as well. David is a key addition as we work to retain existing top-tier tenants and add new brands and categories to uphold and enhance our shopping centers’ market-leading positions.”
A resident of Delray Beach, Fla., Roth, who reports to FNRP Managing Director Fred Battisti, will play a vital role in sourcing new tenants, canvassing markets, negotiating lease parameters, analyzing leads, creating letters of intent, and closing lease transactions. He joins FNRP with over 13 years of leasing experience, most recently serving as director of leasing with Kin Properties.
Established in 2015 and led by co-founders Anthony Grosso and Christopher Palermo, FNRP and its leadership is committed to enhancing the value of properties through hands-on management and targeted investments that result in superior, risk-adjusted returns for the firm’s investor partners.
“We have built FNRP as a company dedicated to creating outstanding value for our people, investors, vendors, and retail tenants,” said Padavano. “We are uniquely equipped to provide world-class investment opportunities and to offer retailers access to exceptional markets and white-glove management service. This approach continues to yield tremendous results for FNRP’s investors and allows us to offer unlimited career advancement and opportunities to our employees.”
With its “all-in” company culture defined by passion, positivity, and a relentless pursuit of excellence, the firm actively manages its portfolio through an in-house team of experienced, full-time real estate professionals focused on acquisitions, property/asset management, leasing, finance, accounting, and investor relations.
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