Investors

Investor-operator with expertise in acquisition, development, disposition, debt placement, legal and property management.

$4.7B
Gross Asset Value Under Management
40
Properties Across The Country And In Development
10,000+
Multifamily Units and Hotel Keys
#1
Ranked Operator for Apartments and Hotels

Who We Are

Korman is an investor-operator with expertise in acquisitions, development, dispositions and debt placement. Korman is vertically integrated and self manages all investments to ensure alignment and deliver outsized returns to its investors. Throughout its 100+ year history, Korman has established financial relationships with some of the largest and most respected firms in the world.

Equity partners include BlackRock, CalSTRS, RXR, Brookfield, The Carlyle Group, Prudential, Electra America, Angelo Gordon, CalPERS, Rockefeller and Morgan Stanley.

Institutional lenders include Capital One, M&T Bank, JP Morgan, Bank of America, Starwood Capital, Blackstone, MF1, Oxford Properties, LoanCore, Freddie Mac and Fannie Mae.

Capabilities

  • Investor Relations
  • Accounting
  • Legal
  • Property Management
  • Market Research
  • Debt / Equity
  • Source Investment
  • Underwriting

Investment PHILOSOPHY

Korman’s acquisition strategy is to purchase premium properties at a discount to replacement cost in the most desirable locations through the country and manage them under the AKA or AVE brands. This platform provides an investor the opportunity to own high–quality real estate in some of the most prestigious markets in the world and to partner with Korman and its experienced senior management team.

Korman investment offers:

  • A long history of successfully acquiring, developing, renovating, and repositioning high–quality properties
  • Opportunities to invest in top-tier diversified markets
  • Expertise in operations and asset management
  • Investment in established brands with strong operating results
  • Premium cash flow yields to that of traditional multifamily/hospitality properties
  • Investment in core assets with core plus/value-add returns

Strategies + Objectives

AKA

Urban high-rise properties in some of the most exclusive neighborhoods in the world, operated as 100% furnished residences and/or boutique hotel properties. These buildings offer the quality and spaciousness of the finest condominiums, with the amenities and services of a luxury hotel.

Target Properties

100–250 Key Hotel or Residential buildings located in prestigious metropolitans offering a mix of leisure and corporate demand with opportunity to enhance value through improved management, rebranding and renovation.

Platform Objectives
AKA drives ADR through a superior offering and guest experience. The AKA operating model optimizes expense efficiencies by extending length of stay and minimizing OTA usage through direct sales to achieve a higher EBITDA margin. This differentiated strategy allows investors to maximize value through flexible exit options.

AKA
AVE King of Prussia exterior of modern mid-rise apartment building at dusk

AVE

Urban/Suburban high-rise, mid-rise and garden properties located in the best real estate markets, operated with a mix of traditional market-rate apartments and flexible-stay furnished suites. These properties offer all the space of an upscale apartment, with the features and amenities of a top-tier resort.

Target Properties

200+ Unit Class A+ multifamily communities either under construction or built within the last five years and located in markets with favorable supply + demand fundamentals, positive domestic migration and diverse employment drivers.

Platform Objectives
AVE invests in high-quality real estate in the nation’s strongest markets and capitalizes on ‘renters-by-choice,’ the fastest growing segment in the multifamily space. AVE features enhanced property management to support outsized rent growth and resident retention. AVE’s flexible-stay furnished apartment program allows Korman to optimize NOI and valuation for partners.

AVE

Design, Development and Transformations

Value Enhancements

The Korman Team has experience upgrading and renovating newly acquired and legacy properties in our portfolio. Our experienced asset and design team handles renovations to unlock unrealized potential.

By proactively upgrading existing assets and managing expenses, we drive market rents and maximize revenue. From design concept to furniture procurement and installation, Korman is involved in every step to ensure high quality results. Our vibrant properties perform strongly in competitive markets due to our continued maintenance and renovation programs.

Construction

From the ground up, Korman has the capabilities to manage large scale multi-family construction projects in a variety of locations.

We are actively involved in every step - providing expert services for strategy, market, design, and execution of a development from the ground up. The development process has included land acquisition, planning/zoning approvals, financing and project lease-up/operation.

Our development ability allows us to create in-demand products in high barrier to entry markets that generate cash flow and long-term returns.

Design

A key distinguishing aspect of Korman properties is the feeling of being at home—an aspirational home. Korman strives to create a serene design and a refined residential feel, yet at the quality level one might find in the best residences. Korman sophisticated design to every property in our portfolio with expert in-house design professionals and carefully selected architecture, lighting, furniture, and art partnerships..

Investment Locations

Portfolio
Markets map

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Korman In The News

Contact Us

AVE King Of Prussia Lobby with large AVE logo
AKA Times Square Penthouse Lounge

To learn more about our investment products and the opportunities that exist for private and corporate investors, please fill out a form below and our team will reach out with more details.