S.V.P.s. Don Baxter & Michael Salomon Lead 85-Property Assignment in Passaic County for Prolific Developer Charles Florio and ANIA Management
Woodbridge, N.J., May 12, 2026 – The Kislak Company, Inc. was recently named the exclusive sales broker for an expansive portfolio of multifamily properties throughout Paterson, New Jersey. In a move signaling a transformative new chapter for Silk City real estate, prolific developer Charles Florio, founder and CEO of ANIA Management, retained Kislak to market and sell 85 properties.
The portfolio represents a lifetime of strategic investment and community-focused development by Florio, a leader in Paterson’s recent residential boom. Spanning nearly every corner of the city, the portfolio offers a rare and comprehensive cross-section of Paterson’s architectural history ranging from preserved and renovated pre-war gems to new developments that have raised the standards for luxury and workforce housing in and around Paterson.
For Florio and ANIA, this strategic divestment is designed to shift their management efforts away from these established assets so they can focus on further development in the city. By transitioning this portion of their holdings, they are forging ahead with even more ambitious projects that continue to reshape the local skyline. For the fortunate investors who acquire these properties, the offering comes with a unique advantage. They can anticipate continued appreciation given Florio’s unwavering ongoing commitment to further improve Paterson.
The selection of Kislak highlights the scale and significance of the offering given Kislak’s storied history and success selling multifamily properties in and around New Jersey for more than 120 years. In the last 10 years alone, Kislak closed 1,700 transactions valued at $7 billion. The portfolio sales team is anchored by senior vice President Don Baxter, who commented, “It is an honor to handle the assignment. Knowing Mr. Florio, his family and team for over 20 years, I have witnessed firsthand his tireless and incomparable efforts to improve the city.”
Working alongside Baxter, senior vice president Michael Salomon, CEO Jason Pucci and Kislak’s entire sales team will leverage their extensive networks of investors and institutional and private capital to identify the next stewards of these assets. The diversity of the portfolio—by size and vintage—represents a once-in-a-generation opportunity for investors to acquire a dominant stake in a market that is being actively improved by the city’s most dedicated developer.
Paterson is the largest city in and the county seat of Passaic County, and the state’s third-most-populous municipality with an increasing population. A prominent mill town within the New York–New Jersey metropolitan area, Paterson is known as Silk City for its once-dominant role in silk production during the 19th century. It has since evolved into a major destination for immigrants and a regional employment hub with a strong and expanding rental market, often favored for its affordability compared to New York City and proximity to transit. Surrounded by parks and rivers, Paterson offers the conveniences of a big city—easy access to transportation, major employers in or near the city, parks and recreational spaces, and restaurants with a wide range of cuisines—while only being a short, 20-mile commute to New York City.
For more information about the portfolio, please contact Don Baxter at 732 750 3000, ext. 265 or dbaxter@kislakrealty.com; or Michael Salomon at 732 750 3000, ext. 243 or msalomon@kislakrealty.com.
Don Baxter joined Kislak in 2006 and specializes in the sale of multifamily and other investment properties throughout New Jersey. Since joining Kislak, he has been ranked as one of the firm’s top-producing salespeople, earning “Salesperson of the Year” honors and building a reputation for managing high-stakes, complex transactions. Known for his “coach’s mindset” and a relentless work ethic—mirrored in his personal life as an avid ultramarathon runner—Baxter brings a level of persistence and grit that is essential for an assignment of this magnitude.
Michael Salomon joined Kislak in 2013 and also specializes in the sale of multifamily and other investment properties in northern New Jersey. He holds a Bachelor of Science in Business Administration from the University of Hartford and is a member of the New Jersey Apartment Association and the Property Owners Association of New Jersey. His recent sales total more than $50 million.
About Charles Florio and ANIA Management
Charles Florio is a leading real estate developer and philanthropist based in Paterson, New Jersey. Known for his “all-in” approach to urban revitalization, Florio has developed thousands of units, often investing in underserved neighborhoods. His projects, including the iconic Paterson Armory and Silk City Lofts, have been credited with sparking a renewed interest in Paterson’s downtown and residential corridors.
ANIA Management is a privately-owned company that specializes in property management, owner/investor, construction and maintenance services. ANIA seeks to better communities by hiring locally and building relationships with businesses and community leaders. With headquarters in Paterson, ANIA has over 250 employees and owns and manages over 10,000 units in New Jersey, Maryland and Georgia.
About The Kislak Company, Inc.
The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is a leading commercial real estate brokerage firm consistently recognized for its investment sales success. Established in 1906, Kislak’s market leadership position and longevity are due to its ability to offer clients a personalized, hands-on approach, coupled with the unrivaled expertise of its long-tenured team of professionals. Kislak’s prestigious client base includes individual investors and owners, partnerships, financial institutions, and REITs. The firm’s thirty-five professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania, Delaware and Florida.
Now in its 120th year, Kislak was among a select group of firms recognized as a 2025 Power Broker by CoStar Group, Inc. and this was the firm’s 20th consecutive recognition. Kislak was also named by NJBIZ as one of its 2026 Leaders in Real Estate, Construction and Design in New Jersey and this was the firm’s fourth such recognition.
