BRADENTON – NDC Asset Management Executive Vice President William Balsinger has retired from the property management company, effective October 30. He will be replaced by Jason Bartz, a company official promoted to executive vice president.
Balsinger’s more than 40 years of experience in financing, developing and managing real estate were instrumental in the creation of NDC Asset Management, according to a press release. He joined the company in 1972 and oversaw the rental efforts of more than 7,000 residential units and 500,000 square feet of retail space and office buildings in five states.
“On behalf of our team, we would like to express our deepest gratitude to Bill for his significant contributions to the NDC organization over the past 40 years,” President Ron Allen said in the statement.
Prior to his promotion to Executive Vice President, Bartz was Vice President. He has brought over 16 years of commercial real estate development, construction, brokerage and management experience to NDC Asset Management and NDC Services. In 2018, Bartz was one of 40 Business Observer winners.
In his new role as Executive Vice President, Bartz will lead a team of more than 300 employees in five states: Florida, Pennsylvania, Louisiana, Virginia and Maryland.
“Jason is a valued member of the NDC team and has been an integral part of our strategic direction and this promotion recognizes his many contributions to our growth and future success,” said Allen.
The company also promoted Karen Kreutzer, longtime CFO, to CFO. Kreutzer has been with the company for over 32 years, playing a key role in leading the accounting team at NDC Asset Management, the statement said.
As Chief Financial Officer, Kreutzer will oversee all financial aspects of the business and provide leadership for day-to-day operations.
“Having worked with Karen for the past 32 years, I have seen first-hand the combination of her skills, energy and expertise in leading the accounting team at NDC Asset Management,” says Allen. “With the growth we have seen and the opportunities we see in the future, this is the perfect time for Karen to take on the role of CFO. “