Fourth Generation Adam Groveman Joins
Family Business of Belz Enterprises
As a child he would often sit in on meetings with his father and grandfather, eager to learn the family business of real estate and development. Now at age 25, Adam Belz Groveman, great grandson of company founder the late Philip Belz, has returned to Belz Enterprises as Director of Project Development, helping lead efforts he once watched with admiration as a boy.
“I feel blessed to have the opportunity to work with my grandfather, Jack Belz, my father, Andy Groveman, and my uncle, Ron Belz,” said Groveman. “Some of my greatest childhood memories were of coming to work with my father and learning ‘the business’ at the Belz offices.”
Originally from Memphis, Groveman received his degree from the Wharton School of Business at the University of Pennsylvania, with specific concentration in real estate. Before joining Belz, Groveman sharpened his craft and gained valuable experience by taking on positions with real estate companies such as New York-based New Plan Realty Trust and Centro Properties in Atlanta.
While at Centro Properties, he had the opportunity to focus on leasing and redevelopment of shopping centers in the Knoxville and Memphis areas, which contributed to his preparation for a position with Belz Enterprises.
“I always knew I would be returning,” said Groveman. “I just needed time to gain the right amount of experience and stand on my own feet.”
Since joining Belz in January of this year, Groveman’s primary focus has been analyzing and recommending emerging business opportunities for the Belz organization.
“It is with great pleasure that I welcome Adam to Belz Enterprises,” said Ron Belz, Belz President and COO. “Adam has taken on an important role with the company. His responsibilities will help us identify and move forward with a variety of new project development opportunities that exist, both within and outside our existing market footprint, and on several projects that we are currently actively working on today.”
In addition to his prior experience in the real estate business, Groveman also spent summers working in Memphis for Belz Enterprises, FTN Financial and the Center City Commission.
“I am amazed at the progress of the downtown Memphis area since I lived here,” said Groveman. “I very much look forward to contributing to the family business and our great city of Memphis.”
Groveman and his wife Julie have been happily married since 2006. The couple has one dog, Roxy. When he’s not at the office, Groveman enjoys playing basketball, reading, watching television, and is an avid fan of the Memphis Grizzlies and the University of Memphis Tigers.