Asset management firm names new EVP, CFO

In 2018, Jason Bartz was one of the Business Observer's 40 Under 40 winners.

By Business Observer Staff
| 2:28 p.m. November 3, 2020
| 2 Free Articles Remaining!

Courtesy. NDC Asset ManagementÂ Executive Vice PresidentÂ William Balsinger hasÂ retired effective Oct.Â 30.

Manatee-Sarasota

BRADENTON — NDC Asset Management Executive Vice President William Balsinger has retired from the property management firm, effective Oct. 30. He will be replaced by Jason Bartz, a company official promoted to executive vice president.

Balsinger's over 40 years of experience in real estate finance, development and management was instrumental in building NDC Asset Management, according to a press release. He joined the firm in 1972 and oversaw efforts in the leasing of over 7,000 residential units and 500,000 square feet of retail space and office buildings in five states.

Courtesy. Jason Bartz has been promoted to executive vice president.

“On behalf of our team, we’d like to express our deepest appreciation to Bill for his significant contributions to the NDC organization over the past 40 years,” says President Ron Allen in the statement.

Prior to his promotion to executive vice president, Bartz served as vice president. He 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 the Business Observer's 40 Under 40 winners.

In his new role as executive vice president, Bartz will lead a staff of over 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," says Allen.

The company also promoted longtime financial department executive Karen Kreutzer to CFO. Kreutzer has been with the company for over 32 years, playing an instrumental role in leading NDC Asset Management’s accounting team, the release states.

Courtesy. Karen Kreutzer was promoted to CFO.

As CFO, Kreutzer will oversee all financial aspects of the company and provide leadership for daily operations.

“Having worked with Karen for the past 32 years, I have seen firsthand the combination of her skill, energy and expertise in leading the accounting team here at NDC Asset Management,” says Allen. “With the growth we have experienced and the opportunities we foresee in the future, it is the perfect time for Karen to step into the role of CFO.”