In 1995, David acquired his first real estate investment property in Woodland Hills, CA. Mr. Horenstein spent time learning how to manage his property and worked with an outside Yardi Consultant on property management for Banks and retail shopping center owners. The remaining time was spent researching foreclosures in the residential/commercial markets.
In 1997 a mentor suggested for David to work for a group of Brokers in Newport Beach. Therefore, in July of 1997 David Horenstein began his leasing career working for Insignia/ESG as a Retail Specialist, where he negotiated and executed all shop and sub anchor leases that led to $8M in lease value for The Plant, a 70-acre entertainment power center in Van Nuys, CA.
In 1999 he joined Regency Centers in Leasing and was promoted to Senior Manager of Investments on the Development team by 2000. During his successful tenure with Regency Centers, a few of Mr. Horenstein’s career highlights include: Office Depot Redevelopment in Fountain Valley, CA. Developing a 91,000 sf Stater Brothers shopping center in Wildomar, CA known as “Bear Creek Village Center”, entitled French Valley Village Center, and analyzing over $500M worth of retail that led to the acquisition of $45M in neighborhood shopping centers. David was responsible for the leasing of over 1 million square feet of retail in Orange County/Los Angeles areas and assisted in developing the last two retail centers in Rancho Santa Margarita, Orange County.
Simultaneously, D.H. Holdings, Inc. began in 2002 while David was working for Regency, mainly to pursue other non-retail projects in the apartment communities. After working with Regency for 5 years, and after Regency passed up on a 3.26 acre site in Riverside County on the NEC of Palomar/Clinton Keith in 2003, David decided to pursue this particular development on his own through D.H. Holdings, Inc. The Shops at Bear Creek was the first Center that clearly recognized D.H. Holdings, Inc. as the Commercial Real Estate company it is today and placed its footprint on the Retail landscape of the Murrieta/Temecula Valley.
David has served on the Wildomar Round Table Committee created to initiate and complete a plan to incorporate the City of Wildomar, where he was asked to serve as the voice for “Retail Development” for the Wildomar Community. Incorporation is scheduled to take place by January ’08.
Mr. Horenstein received a Bachelor of Science in International Business at San Francisco State University and is an active member of the International Council of Shopping Centers. He also has a real estate license with the State of California and belongs to ACRE (American Commercial Real Estate).