Mr. Witmondt is the CEO of Woodmont Properties, a privately-owned regional real estate investment and development business founded by his father in 1963. Since joining the company in 1993, Eric has transformed the company into a full-service vertically integrated real estate firm that acquires, entitles, finances, develops, constructs, sells, leases and manages a wide range of properties. Woodmont employs more than 190 people in NJ and PA. Since 2007, Woodmont has constructed more than 17 luxury apartment communities throughout New Jersey and Pennsylvania and is currently building 1,000 apartments in Princeton, Roxbury, Ramapo, Secaucus and Upper Macungie, PA. Woodmont, well known for its transit-oriented development, has a development pipeline containing more than 3,000 apartments, 800 luxury homes and one million square feet of industrial space.
Through its industrial affiliate, Woodmont Industrial Partners, the company has acquired more than the company has acquired, sold or constructed more than 4,600,000 square feet of industrial space in New Jersey, New York, Pennsylvania and Georgia and continues to actively seek acquisitions of existing buildings or land to develop.
Woodmont also owns and manages office buildings, retail space, hotels and four private recreational/golf and tennis clubs in New Jersey and Snowmass, Colorado.
In its continuing pursuit of new market opportunities, Woodmont recently entered the senior housing sector with plans to develop super luxury housing in the sectors of Active Adult, Independent Living, Assisted Living and Memory Care in New Jersey.
Mr. Witmondt has been recognized by NJBIZ’s Power 50 ranking each year since 2010 and was recently honored as one of the top executives of the year.