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Joel Murovitz
Court-Appointed Receiver & RE Advisory
jmurovitz@penstockadvisory.com
www.penstockadvisory.com
404.808.3252
JOEL MUROVITZ
Court-Appointed Receiver  ·  Broker  ·  LEED AP

Joel Murovitz has over 25 years of experience across many aspects of the real estate and construction industries. Joel began his engineering career as a staff engineer with Willmer Engineering in Atlanta, Georgia where he conducted environmental, geotechnical and materials testing studies. Subsequently, as a Project Engineer with Parsons Brinckerhoff in Tel Aviv, Israel, he managed the design and construction of infrastructure projects for both the Israeli government and the Palestinian Authority (PA).

Joel's real estate career began with Robert Charles Lesser and Company, a national real estate consulting firm, performing market analyses, financial feasibility and consumer research studies for various land uses and real estate products for planning purposes as well as development mix programming. Subsequently with various entities in the Inland Real Estate Group of Companies, he oversaw large-scale capital projects for a 300-plus shopping center portfolio and implemented a preventative maintenance budgeting, scheduling and training program for property managers. He then managed all land development efforts related to acquisition due diligence and project zoning, design, permitting, site work construction and tenant coordination for large-scale mixed-use and commercial developments.

During his tenure with GlassRatner, Joel oversaw the management, construction and disposition of hundreds of assets of varying types and classes including multifamily, single family portfolios, retail, office, industrial, hospitality, c-stores, agricultural and automotive. He oversaw the firm's real property services including asset, property and construction management as well as leasing and disposition. He was also a leading contributor to the firm's valuation work on unique real estate assets or transactions and a senior member of the construction advisory and dispute resolution practice.

Joel continues delivering independent fiduciary, advisory, real estate management and construction expertise with Penstock Advisory Services. Founded in 2009 as a real estate brokerage firm, Penstock— bringing the same depth of experience and direct, hands-on approach to every engagement. He has been appointed in both Federal and state courts and has trial testimony experience as an expert.

Joel brings creative problem solving to operational and physical challenges and clear communication to all stakeholders.

PRACTICE AREAS
EMPLOYMENT HISTORY
Principal / Court-Appointed Receiver January 2009 – Present  ·  Penstock Advisory Services
Director / Court-Appointed Receiver November 2009 – May 2026  ·  GlassRatner Advisory & Capital Group, LLC
V.P. of Engineering and Entitlements 2007 – 2009  ·  Inland Atlantic Development Corp.
Director of Operations 2004 – 2007  ·  Inland Retail Real Estate Trust
Associate 2002 – 2004  ·  Robert Charles Lesser & Co., LLC
Project Engineer 1998 – 2000  ·  Parsons Brinckerhoff, Inc.
Staff Engineer 1996 – 1997  ·  Willmer Engineering, Inc.
PROFESSIONAL AFFILIATIONS
EXPERT TESTIMONY — PRIOR FOUR YEARS
⚡ Recent Trial Testimony

Brandon Smith, et al. v. Cardinal Group Management & Advisory, LLC d/b/a Cardinal Group Management; Glendale Properties 1, LLC d/b/a Mint Urban Infinity; Glendale Properties II, LLC d/b/a Mint Urban Infinity — District Court, City and County of Denver, Colorado  ·  Case No. 2021CV33357

Kimberly Segura, on Behalf of Herself and All Others Similarly Situated v. Avenue5 Residential LLC, a Delaware Limited Liability Company — United States District Court, District of Colorado  ·  Civil Action No. 1:24-cv-1577

Residential Property Management Best Practices, Warranty of Habitability, Appropriateness of Fees
November 2022  ·  March 2025  ·  January 2026

Education
Georgia Institute of Technology
BS Civil Engineering
MSM Management / Accounting
Licensing / Credentials
Real Estate Broker — GA & FL
LEED AP
SPECIALTIES
Real Estate and Business Receiverships Fiduciary Services Crisis Management Due Diligence Litigation Support Interim Management Expert Testimony Transition Management
INDUSTRIES
Real Estate Agriculture Hospitality Construction Cannabinoid Processing
PROMINENT MATTERS
Retail Receivership Deutsche Bank Trust Company Americas v. Sugarloaf Parkway LLC — Superior Court of Gwinnett County, GA
Multifamily Receivership CRE/ADC Venture 2011-1, LLC v. Deka/b Street, LLC — Court of Common Pleas of Montgomery County, PA
Mobile Home Park Receivership Colfin Falcon Funding, LLC v. Southwestern Yuma Mobile Home Court, LLC — Maricopa County Superior Court, AZ
Assisted Living Facility Receivership Trustees of the Rapid Funding Corporation Profit Sharing Plan v. CLB Holdings, Inc — Fulton County Superior Court, GA
Hospitality Receivership CRE/ADC Venture 2013-1, LLC v. R&M Investors, LLC — Charleston District Court, SC
National Multifamily Asset manager, construction manager and owner representative for 2,650 multifamily units in 11 states

NEED TO DISCUSS?

LocationAtlanta, Georgia