Diversified Properties Marks 25 Years Building on Regional Real Estate Strength

NEW YORK, NY – November 21, 2025

A Quarter-Century of Growth and Resilience

Diversified Properties LLC is celebrating its 25th anniversary, a milestone reflecting a quarter-century of real estate development in the northeastern United States. Founded in 2000 by Nick Minoia, the company has grown from a small office in Summit, New Jersey, to a prominent player in the regional market, specializing in multifamily, flex industrial, and self-storage properties. The anniversary coincides with a period of robust activity, highlighted by a growing portfolio valued in excess of $500 million and a development pipeline spanning 4,000 residential rental units.

“The last 25 years have been about adapting and finding opportunities,” said one industry source familiar with the company’s operations. “Diversified Properties has consistently demonstrated the ability to identify unmet needs in the market and deliver projects that meet those demands.”

Navigating Market Cycles and Building a Diversified Portfolio

The company's longevity is particularly noteworthy given the cyclical nature of the real estate market. Diversified Properties has successfully navigated numerous economic fluctuations, demonstrating a keen understanding of market trends and a commitment to long-term value creation. A core element of their strategy has been diversification, with a portfolio encompassing multifamily properties, crucial in an era of increasing housing demand, as well as flex industrial spaces catering to evolving business needs and a growing self-storage sector.

Recent projects underscore this commitment. The completion of Summit Court in Union, NJ, a 393-unit luxury multifamily community, exemplifies their success in delivering high-quality residential spaces. Simultaneously, the company is expanding its flex industrial footprint with initiatives like a fully occupied industrial park in Montville, NJ, catering to the demand for modern warehousing and distribution facilities. The development of Jefferson Place in Jefferson, NJ, a 82-unit luxury rental community, further demonstrates the commitment to the region.

“They're not just building units; they're building communities,” commented a local economic development official. “The focus on quality and design is evident in their projects, and they're contributing to the revitalization of several towns and cities.”

The Role of Private Investment and Regional Economic Impact

Diversified Properties’ growth is fueled in part by strategic financial backing, primarily from New Jersey-based family offices and established banking relationships. While the specific family offices remain private, their investment underscores a growing trend of private capital flowing into regional real estate development. This type of investment is particularly valuable in areas like the Northeast, where traditional financing options may be more restrictive. A long-standing relationship with ConnectOne Bank, where founder Nick Minoia serves as a board member and chairman of the Loan Committee, has also been critical.

Beyond financial investment, the company has made significant contributions to the regional economy. With a portfolio valued over $1.5 billion and consistent project development, Diversified Properties has created numerous jobs through construction and ongoing property management. The development of projects, such as the transformation of industrial sites into modern residential and commercial spaces, contributes to increased property values, tax revenues, and economic activity in surrounding communities.

“Their projects are bringing life back into areas that had been stagnant for years,” explained an industry analyst. “They’re not just building buildings; they’re building economic opportunity.”

Expansion and Future Outlook

Looking ahead, Diversified Properties is poised for continued growth. The company recently expanded its property management division, offering services to third-party owners across a range of asset types, leveraging its in-house construction management expertise and land-use professionals. This strategic move signifies a commitment to expanding its service offerings and capitalizing on the growing demand for professional property management. Moreover, they are committed to creating more than 4,000 rental units across ten diverse communities, solidifying their position as a leader in the region's development landscape.

“They’ve built a strong foundation over the last 25 years,” said one observer. “And they’re well-positioned to capitalize on the opportunities that lie ahead.”