Korman Communities has always been built on a simple but powerful belief: real estate is ultimately about people. That philosophy is at the heart of the Philadelphia Business Journal’s recognition of Larry, Brad, and Mark Korman as three of the region’s Most Admired CEOs for 2025—a distinction that reflects not only business success, but leadership rooted in trust, service, and long-term stewardship.
As forth-generation leaders of a family enterprise founded in Philadelphia more than a century ago, the Korman brothers have guided the company’s evolution into a $4.5 billion, vertically integrated real estate and hospitality platform while remaining deeply committed to their hometown. From the global growth of the AKA and AVE brands to continued investment in Philadelphia neighborhoods, their approach balances innovation with the values instilled by generations before them: treating residents, guests, and team members like family, and never losing sight of the responsibility that comes with providing a place to call home.
In the article below, the Philadelphia Business Journal explores the leadership philosophy, defining moments, and community impact that continue to shape Korman Communities today—offering a meaningful glimpse into how values-driven leadership translates into enduring success.
