Owner R. Chapin Bell (right) Transitions to Chairman and Appoints Justin Steltenpohl (left) as CEO.
P.B. Bell, a leading multifamily real estate company, recently appointed Justin Steltenpohl as its new CEO, effective Jan. 1, 2025. This announcement comes alongside other recent leadership hires and appointments, showcasing the company’s commitment to ensuring its continued success and longevity.
Chapin Bell, the owner of the company, will remain involved as Chairman of P.B. Bell. In his role as chairman, Bell will continue to serve on the Investment Committee for the company, focus on mentoring the leadership team, and get back to the things he enjoys the most, such as touring properties and development activities.
Steltenpohl’s transition to CEO will be seamless, as he was already heavily involved in P.B. Bell’s growth and development in his previous role.
“P.B. Bell has been a leader in multifamily for nearly 50 years, and we’re looking forward to another 50,” said Bell. “Justin’s long-term dedication and commitment to P.B. Bell’s growth and success made this decision easy. I’m looking forward to our continued partnership and working alongside the other talented members of our leadership team to continue to help P.B. Bell grow and thrive.”
Steltenpohl previously served as the chief operating officer and general counsel for the company. His duties in this role covered a range of responsibilities including development, acquisitions, asset management and operations, as well as all legal matters, including corporate governance, joint ventures, purchase and sale agreements and financing transactions. In his new role as CEO, he will lead the strategic planning and growth of the company and oversee all aspects of P.B. Bell, including development, acquisitions and property management.
“We have created an incredible team and culture at P.B. Bell and this transition is not going to change who we are or how we operate,” said Steltenpohl. “For nearly 50 years, we’ve been committed to setting the standard through our attention to detail and passion for luxury in our development projects, as well as tailored services through our property management teams. I look forward to continuing to drive these missions as CEO and ensure P.B. Bell’s continued excellence into the next generation of multifamily real estate.”
Other recent leadership hires and appointments include Michelle Jenson as chief property officer, Nicole Steltenpohl as chief human resources officer and Jen Santiago as vice president of property services. P.B. Bell expects to add new leadership positions to the team in 2025.
A few of P.B. Bell’s recent development projects include Marketside Villas at Verrado (its first build-to-rent community in Buckeye), Weylyn Luxury Apartments and Everly at Morrison Ranch.
