New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
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.
- ◦Development
- ◦People
