Celebrating our second centuryOwnership, Management, Development
+ Innovation In Residential Real Estate
Ownership
Korman Communities, a fifth-generation family-owned company, has an established reputation for integrity, market savvy, and proven performance in residential real estate investment, development, and operations. The Korman Advantage is an integrative approach to residential real estate investment, creating synergy among ownership, property management, and innovative brand marketing. As an experienced owner-operator with expertise in all aspects of residential real estate investment, Korman ensures a smart, informed, and perceptive strategy in acquisitions, dispositions, improvements, renovations, legal, and financing, which leads to optimized property value and greater returns.
Management
Korman is an experienced partner with management, development, and financial capabilities operating throughout the United States and the United Kingdom. Korman Communities achieves results through efficient operations, resident satisfaction, and strategic improvements yielding greater returns and long-term value, higher occupancy, and higher rates. Korman is an investor-operator with a history of innovation, transforming the traditional multi-family business model by offering flexible leases and rental options with and without furnishings. By providing all its residents with the highest level of services and thoughtful amenities, Korman promotes resident satisfaction and loyalty. Korman excels at management, maintenance, and service for apartments, flexible-stay furnished suites, corporate housing + relocation, luxury hotels, and luxury furnished condominiums.
AKA
AKA Hotels and Hotel Residences, a hospitality brand awarded for its excellence in services and interior design, is recognized world-wide as the only luxury serviced residences brand. AKA Hotels, the world’s most livable hotels, is unique as a hotel brand providing guests with a feeling of home through a sense of calm, thoughtful design, and unobtrusive services. AKA luxury furnished condominiums and hotels are for savvy travelers staying by the day, week, or month.
AVE
AVE is an innovative residential real estate brand that has elevated the multi-family business model by offering optionality, convenience, and high-touch service. AVE residential communities feature luxury apartments with and without furnishings for stays of a few weeks or a few months, coupled with on-demand, state-of-the-art business, wellness, and entertainment amenities, and dedicated, on-site service teams. Korman's original short-term furnished apartment concept in a multi-family residential setting, conceived of more than fifty years ago, has evolved to an innovative residential hybrid for apartment renters by choice, individuals in transition, and extended-stay business travelers.
Development
Korman pursues exceptional real estate opportunities in key markets including development opportunities. These come in the form of renovations, new construction, and value-added programs. With strategic investment strategies, we are committed to maximizing returns for investors. Korman is actively involved throughout the entire lifecycle of an asset. With cost control, quality control, and schedule management, Korman ensures the highest quality product will be delivered in a timely manner. All development projects are strategically planned to deliver high-quality product and maximize returns to investors.
Vision+Values
We have maintained our excellent reputation and continued success during economic changes by adhering to our core values with integrity and transparency.
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QQuality
Provide quality in construction, quality in service, quality in lifestyle
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UUniqueness
Embrace uniqueness through innovative design, unique offering and unique development strategies
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EExcellence
Pursue relentlessly, reflecting our dedication to surpassing expectations
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SService
Customer satisfaction and personalized experiences for residents and investors alike
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TTeamwork
Forging strong partnerships that amplify our capacity to achieve ambitious goals
Community
We are on a mission to create raving residents. Our first-class properties offer carefree and elevated living through flexible apartment options, unparalleled, on-demand amenities, and programs to enhance the experiences of our guests and residents.
Giving back
The Korman family has spent generations supporting causes from education, to housing, to hunger. We believe in the power of action and empower our team members to volunteer and give back.
Sustainability
Korman is committed to developing and operating first-class properties that deliver healthy and sustainable living for our residents while continuously seeking opportunities to minimize our environmental impact. We partner with suppliers who share these values and help us get better every day.
Our commitment to environment, community, and people
At Korman Communities, we believe companies have a responsibility to give back to the communities in which they operate. Korman’s culture is purpose-driven, focused on engaging with local stakeholders. Korman has partnered with both national and local organizations such as Move for Hunger, Habitat for Humanity, MANNA, Clean The World and many others.
Recent Openings
Korman cultivates an integrated environment where ideas and strategies are shared across a nationwide platform. This cross-disciplinary approach focuses on maximizing revenue through best-in-class operations, enabling meaningful returns, mitigating risk, and maximizing the value of the properties for investors.
Defining a Brand by Design: The Visionary Collaboration of AKA and Piero Lissoni
Hotel AKA Alexandria a.lounge
Why Korman?
Korman Communities is the proud culmination of 100 years of history, innovation, leadership, passion, and hard work. Five generations of the Korman family have built or acquired more than 30,000 single-family homes, 14,000 apartments and 4,000 hotel suites.
CELEBRATING OUR
SECOND CENTURY
OF RESIDENTIAL REAL
ESTATE INNOVATION
Operational excellence
A fully integrated real estate company with development, management, financial, and legal capabilities operating throughout the U.S. and Europe.
- Focuses on opportunistic, value-added, and core-plus acquisitions, as well as development from the ground up.
- Invests in and manages best-in-class real estate in US gateway and growth markets through its AKA and AVE brands.
An experienced partner to a variety of sophisticated institutions, family offices and high-net-worth individuals, Korman handles all asset management and financial reporting needs.
