Silverstein Properties hires Katie Kurtz as new CFO

Former CFO Leor Siri becomes EVP in global accounting and treasurer

New York /
May.May 05, 2021 02:45 PM
Katie Kurtz and Silverstein Properties chairman Larry Silverstein (Silverstein, Getty)

Katie Kurtz and Silverstein Properties chairman Larry Silverstein (Silverstein, Getty)

Silverstein Properties has a new finance chief.

Katie Kurtz, who was previously an executive vice president at AR Global, has joined the family-owned real estate development and investment firm as chief financial officer, the company announced Wednesday.

Former CFO Leor Siri has been promoted to serve as an executive vice president in charge of global accounting and treasurer. Siri continues to serve as CFO of Silverstein Properties Limited, the firm’s Israeli entity listed on the Tel Aviv Stock Exchange (TASE), the company said.

The C-suite changes came in light of Silverstein Properties’ effort to raise capital in different markets, including through commercial mortgage-backed securities and municipal bond markets in the United States, and the Tel Aviv bond market. The company has also raised money from large institutional investors for its lending arm, Silverstein Capital Partners, as well as an Opportunity Zone fund.

Kurtz oversaw several REITs at AR Global, and before that, worked at the Carlyle Group and New Mountain Finance Corporation.

CEO Marty Burger said Siri, in his expanded role, will develop the firm’s global accounting platform, using his “deep technical, tax, REIT and reporting expertise.”

“In light of our past growth — and our projected future growth — we have taken these steps to ensure we are appropriately covered and resourced from a corporate finance and financial reporting point of view,” Burger said.





    Related Articles

    arrow_forward_ios
    From left: Alvin Dworman, 155 East 55th Street, 65 West 55th Street, and 210 East 58th Street (Getty, Google Maps)
    Alvin Dworman Sells 3 Manhattan Buildings for $65M
    Alvin Dworman Sells 3 Manhattan Buildings for $65M
    Clockwise from top left: 3-15 26th Avenue in Astoria, 1571 McDonald Avenue in Borough Park and 1160 Flushing Avenue in Bushwick (Google Maps)
    These projects missed the rezoning deadline
    These projects missed the rezoning deadline
    Anita Durst and images of Chashama (Photos via Getty, Chashama)
    Durst-backed nonprofit puts startups into empty storefronts
    Durst-backed nonprofit puts startups into empty storefronts
    Berkshire Bank headquarters in 4 East 39th Street (Google Maps)
    Major FiDi landlord resigns as bank chairman after stock windfall
    Major FiDi landlord resigns as bank chairman after stock windfall
    Nationally, just under one-third of office workers have returned to the office spaces they occupied before the pandemic. (iStock)
    Employers face uphill battle luring staff back to the office
    Employers face uphill battle luring staff back to the office
    The Closing: Janice Mac Avoy
    The Closing: Janice Mac Avoy
    The Closing: Janice Mac Avoy
    Washington Prime Group CEO Lou Conforti (Twitter)
    Washington Prime Group files for Chapter 11 bankruptcy
    Washington Prime Group files for Chapter 11 bankruptcy
    Renderings of Greenpoint Landing in Greenpoint, 141 Willoughby Street in Downtown Brooklyn and 45-57 Davis Street in Long Island City (Photos via OMA, SLCE Architects and J Frankl Architects)
    These were the top outer-borough loans in May
    These were the top outer-borough loans in May
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...