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Property Resources Corp. Moves Leadership to Next Generation

Property Resources Corporation (PRC), a leading New York City affordable housing developer founded in 1971, has named longtime principals Matt Linde as CEO and Ben Linde as COO. Frank Linde, the company’s president, and John Chatzky, VP and general counsel, who took over the firm’s operations from founder Jerry Chatzky, will step back from managing day-to-day operations and become co-chairs of the PRC board.  

“As we reflect on the years we have spent together with our grandfather, father, and uncle building the business from the ground up, we are grateful to have the opportunity to further expand our developments and PRC communities locally and nationwide,” said Matt Linde. 

The development firm currently has four projects in pre-development and construction totaling more than $800 million. Although affordable housing is the cornerstone of the business, the brothers hope to expand the company’s portfolio across both the affordable and market rate sectors. 


Inside The Story

Property Resources Corporation

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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