About the Klein Group
The Klein Group’s objective is to acquire and develop strategically located assets throughout the Mid-Atlantic and Northeast regions. Our investment strategy is to identify well-located, fundamentally sound retail assets that are underperforming and optimize their potential. By creating and implementing comprehensive repositioning plans that include management improvements, physical improvements, and aggressive marketing and leasing, we enhance property value and reposition the shopping center in the marketplace. All plans are designed to create efficiencies, reduce operating expenses, and increase tenant satisfaction within months of acquisition. Through our unwavering focus The Klein Group has earned an excellent track record of creating value and improving the bottom line. The Klein Group manages 16 properties among them Warren Village Shopping Center, Eagle Rock Commons, Fidelity & Stew Leonard Center in Paramus.
Jacob Klein, President of The Klein Group, has been a real estate investor and developer for over two decades. The Klein Group investment portfolio includes 16 shopping centers and 600,000 square feet of high quality retail space. While overseeing the acquisition and development of this portfolio, Mr. Klein also provides property management services and partnership opportunities. The Klein Group has strong relationships with the leading New Jersey lending institutions and has partnered with institutional partners, such as JPMorgan and Excelsior Funds. Prior to the inception of The Klein Group, Mr. Klein owned and operated Klein’s Associates where he successfully acquired, developed and eventually sold his chain of thirty retail card stores (100,000 square feet of retail space) operating under the Hallmark and Carlton brand names, primarily in regional malls in the Tri-State area. In addition to his real estate activities, Mr. Klein is an active investor in several technological companies. He began his career as a Mechanical Engineer while serving as a Lieutenant in the Israeli Defense Forces.
Mark Kessler is a 25-year industry veteran grounded in the principles of real estate with a thorough understanding of risk/reward analysis. Since joining the Klein Group in 2011, Mr. Kessler overseas leasing, buying and selling assets as well as property management of a 600,000 Square Foot commercial portfolio. He has worked in commercial banking, commercial brokerage and for 22 years as Director of Leasing and Asset Management with Dowel Realty. He has been part of $300 million worth of transactions with a solid record of driving revenue. Mr. Kessler graduated from Washington University, St. Louis, Mo. with a B.S. in Business Administration and has an M.B.A. from the Fordham University Graduate School Of Business emphasizing Finance/Real Estate.
Mr. Monchar joined The Klein Group in 2012. He primarily focuses on growing the real estate portfolio through acquisitions and development projects. His responsibilities include; sourcing, underwriting, and financing new real estate acquisitions. Prior to joining The Klein Group, Mr. Monchar was an Associate Manager at the Prudential Mortgage Capital Company, an institutional commercial real estate lender, a core business within Prudential Financial. Mr. Monchar began his career in the analyst program there, working in Prudential Financial’s Investment Management Division. Mr. Monchar graduated with Honors from Rutgers University and Rutgers Business School, with a B.S. in Accounting and has an MBA from Baruch College in New York City, with concentrations in both Finance and Real Estate.