Investors

Korman Communities is a fifth-generation, family-owned real estate investment and management company that's been in business for over 100 years. We're a vertically integrated investor-operator, which means we handle everything from acquisition, transformation, design, and development to day-to-day management of our properties.

Our portfolio spans multifamily apartments, flexible-stay furnished residences, extended-stay hospitality, and boutique hotel properties across the United States and in London, UK. Currently, we manage approximately $4.8 billion in gross asset value, 41 properties nationwide, and more than 10,000 multifamily units and hotel keys.

What sets us apart is how we combine institutional-grade financial discipline with hands-on operational expertise. We're not looking for quick flips—we build lasting value by maintaining high-quality properties and fostering strong communities. With five generations of experience, we blend time-tested principles with modern innovation to create exceptional living experiences for our residents and solid returns for our investment partners.

Unlike passive asset managers who simply hold real estate investments from a distance, we're involved in every aspect of our properties. As an investor-operator, we handle both sides of the business: the investment side (acquisitions, renovations, design, development, sales, and financing) and the operational side (day-to-day management, maintenance, improvements, and property operations).

This hands-on approach means we're not just financial investors—we're the ones actually running the properties. When you partner with us, you're working with a team that understands the business from the ground up because we live it every day.

The real advantage? We can make decisions faster, maintain tighter accountability, and stay completely aligned with our partners throughout the entire investment lifecycle. There's no disconnect between the people making investment decisions and the people managing the properties—it's the same team, working toward the same goals. Korman’s investor-operator model is built on true alignment with ownership—prioritizing durable value creation by expanding EBITDA, not simply driving top-line revenue.

Most traditional sponsors outsource key functions—they might hire third-party property managers. We don't. Korman is vertically integrated, meaning we handle everything in-house.

Our team includes specialists across every aspect of real estate investment: investor relations, accounting, legal, property management, market research, debt and equity sourcing, deal origination, and underwriting. Because we self-manage our investments, there's no middleman diluting our focus or creating misalignment.

What does this mean for you? Consistent execution from start to finish. Whether we're acquiring a property, repositioning it, managing day-to-day operations, or eventually selling, the same integrated team is driving the strategy and ensuring performance. We're accountable for results because we oversee every aspect—not just some of them.

We look for premium assets in highly desirable locations that we can acquire at a discount to replacement cost—essentially, properties that would cost more to build new than we're paying to buy them. That gives us built-in value from day one.

We don't just buy and hold. We actively enhance performance through strategic renovations, transformations, operational improvements, and repositioning under our AKA or AVE brands. By controlling the full lifecycle—from acquisition and development through branding, design, operations, and eventual disposition—we can execute our vision without compromise.

Here's what really matters: we invest our own capital alongside our partners. This co-investment model ensures our interests are directly aligned with yours throughout the investment period. Combined with our hands-on management of every asset, this structure creates true partnership—when our investments perform well, everyone benefits.

We focus on premium residential real estate operated under two proprietary platforms: AKA and AVE.

AKA features luxury furnished residences and boutique hotel properties in premier urban locations—think upscale, design-forward properties in the heart of major cities where business travelers, relocating professionals, and discerning guests expect the best.

AVE encompasses Class AA multifamily communities that offer both traditional market-rate apartments and flexible-stay furnished suites. These properties combine the stability of long-term residential leasing with the flexibility of short- and mid-term stays.

Across both platforms, you'll find top-tier amenities, sophisticated design, and strategic locations in high-demand markets. We're selective about what we acquire—every property needs to meet our standards for quality, location, and long-term value creation.

We operate in major metropolitan areas across the United States, with properties currently spanning the Northeast, Mid-Atlantic, Florida, Texas, the Southwest, and California. Our portfolio includes locations in Boston, New York, White Plains, Northern New Jersey, Greater Philadelphia, Washington D.C., West Palm Beach, Miami, Tampa, Austin, Dallas, Phoenix, Los Angeles, and Santa Clara.

We're also looking to expand into new markets: Raleigh-Durham, Chicago, Nashville, Denver, and Seattle—cities that fit our investment criteria and show strong growth potential.

What do all these markets have in common? They're high-barrier, supply-constrained areas where it's difficult to build new housing due to land costs, zoning, or regulatory constraints. We also look for strong demographic trends, diverse employment drivers, and sustained demand for premium rental housing. These fundamentals create more stable, resilient investments over the long term.

AKA, the world’s most livable hotels and hotel residences, represents our portfolio of luxury furnished residences and boutique hotel properties located in some of the most prestigious neighborhoods in the world. These urban high-rise properties blend the best of both worlds—offering the quality and spaciousness of the finest condominiums with the amenities and services of a luxury hotel.

The brand has earned national and international recognition, including being ranked as the nation's best extended-stay brand by USA Today. That reputation reflects our commitment to creating exquisitely designed spaces where guests don't just visit—they live it.

AKA serves corporate and leisure travelers, long-stay residents, and anyone who values exceptional design, generous space, personalized service, and flexible stay options, an experience in living known as the “Calm of AKA.”

AKA targets boutique-scale properties—typically 100 to 250 keys—hotel, residential, or condominium in prestigious metropolitan locations where demand for premium accommodations is strong and consistent.

Our operating model is designed to maximize profitability through three key drivers. First, we deliver a superior guest experience that justifies premium rates. Second, we focus on extending length of stay, which significantly reduces turnover costs and improves operational efficiency. Third, we minimize reliance on online travel agencies by building direct relationships with corporate clients and leisure travelers generating demand through our own channels, keeping more revenue in-house instead of paying commissions.

This differentiated approach leads to stronger EBITDA margins compared to traditional hotels or extended-stay competitors. It also provides investors with flexible exit options down the road, whether that's selling as a hotel, converting to residential condominiums, or repositioning under a different use.

AVE represents elevated apartment living across premier real estate markets nationwide. Our communities include urban and suburban properties ranging from high-rise towers to mid-rise buildings and garden-style complexes—all designed to deliver an exceptional residential experience.

What makes AVE unique is our flexible operating model. We offer a mix of traditional market-rate apartments for long-term residents and flexible-stay furnished suites for those needing short- to mid-term housing. Every AVE community features curated design, wellness-focused amenities, and resort-style services that go beyond what you'd expect from a typical apartment.

We focus on serving renters-by-choice—professionals who choose to rent because it fits their lifestyle, not because they can't buy. This is the fastest-growing segment in multifamily, and our approach resonates: AVE has been recognized nationally as #1 apartment manager in the Kingsley Surveys Elite 5 for renter satisfaction for three consecutive years.

AVE targets Class A+ multifamily communities with 200+ units, typically new construction or properties built within the last five years. We focus on markets with favorable supply and demand fundamentals, positive domestic migration trends, and diverse employment drivers that support long-term rental demand.

What sets AVE apart is our flexible-stay furnished apartment program. By offering both traditional leases and short- to mid-term furnished stays, we can capture higher rents and adapt to market conditions more dynamically than conventional apartment operators.

This flexible-stay program allows Korman to optimize net operating income and valuation through enhanced property management, outsized rent growth, and strong resident retention. The combination of revenue diversification and operational excellence creates measurable value appreciation for our investors throughout the investment lifecycle.

Operating with both traditional and furnished inventory gives us a significant demand-diversification advantage. Instead of relying on just one type of renter, we can serve long-term residents, corporate relocations, traveling professionals, and anyone in transition—capturing demand from multiple sources.

This dual model allows us to optimize revenue management and adjust our unit mix in response to changing market conditions. We're not locked into a single operating strategy—we have the flexibility to adapt based on what the market demands at any given time.

The benefits are substantial: extended average length of stay, reduced income volatility, and stronger performance across market cycles. For investors, this translates to more stable cash flows and multiple exit paths down the road—whether selling as a traditional apartment community, a furnished housing portfolio, or a hybrid asset. Importantly, Korman’s flexible-stay model is supported by decades-long partnerships with corporate housing and relocation firms, and our average stays are more than six months—versus the 2–3 day stays common with other short term rental companies.

Korman collaborates with a diverse group of sophisticated capital partners, including institutional investors, high‑net‑worth individuals, private equity firms, and strategic partners looking for exposure to high‑quality residential and hospitality‑residential real estate. We prioritize long‑term alignment, clear and transparent communication, and an operator‑led strategy for generating value.

Yes. Over its 100+‑year history, Korman has built long‑standing relationships with many of the largest and most respected institutional investors and financial partners in the world.

Our institutional equity partners have included BlackRock, CalSTRS, RXR, Brookfield, The Carlyle Group, Prudential, Electra America, Angelo Gordon, CalPERS, Rockefeller, and Morgan Stanley. We have also worked with leading lenders such as Capital One, M&T Bank, JP Morgan, Bank of America, Starwood Capital, Blackstone, MF1, Oxford Properties, LoanCore, Freddie Mac, and Fannie Mae.

Korman’s investment platform is built on alignment. We co‑invest our own capital alongside partners, blending entrepreneurial agility with the discipline and accountability of a family‑owned firm. Engagement extends across the entire lifecycle—from capitalization through operations and disposition—so our long‑term commitment is directly aligned with our partners’ timeframes and objectives.

Investors benefit from direct access to senior leadership, transparent reporting, and a conservative, risk‑tested investment approach that informs every decision. This structure ensures that Korman’s incentives are fully aligned with those of its partners, creating a shared focus on sustainable value creation.

The best way to begin is with an introduction to Korman’s investment team to discuss strategic fit, including target markets, investment objectives, and alignment around operational and governance philosophy. Following this conversation, Korman can share the most relevant platform overview and explore a partnership structure that supports mutual goals and opportunities.

Contact information is available at korman.com/contact.

Korman takes an active, hands‑on approach to renovations and repositioning, identifying value‑enhancement opportunities across both newly acquired and legacy assets. Our experienced in‑house asset and design teams oversee the process from start to finish—from concept and design, through procurement, construction, and implementation.

By thoughtfully upgrading amenities, finishes, and common areas while managing costs effectively, we are able to drive market‑based rents, maximize revenue, and strengthen the long‑term competitive position of each property within its submarket.

Yes. Korman has full ground-up development capabilities and can manage large‑scale multifamily construction projects from inception to completion. We are actively involved at every stage, providing expertise in strategy, market analysis, design, and execution.

The development process includes land acquisition, planning and zoning approvals, financing, and project lease‑up and operations. This integrated approach allows us to create in‑demand residential product in high barrier‑to‑entry markets, generating stable cash flow and long‑term returns for our partners.

Design is a core component of how Korman creates value. A key differentiator of Korman properties is the feeling of being at home—specifically, an aspirational and elevated home. We emphasize a refined residential feel, supported by in‑house design expertise and curated partnerships across architecture, lighting, furniture, and art.

This intentional approach results in serene, high‑quality environments that reflect the standard of the finest residences. The outcome is a premium positioning that supports higher rents, stronger resident and guest satisfaction, and sustained demand over time.

Korman focuses on premium real estate in strong, supply‑constrained locations paired with active operational control to support durable performance through market cycles. We apply brand‑led execution and asset‑level strategies—such as targeted renovations, disciplined expense management, and revenue optimization—to maintain consistent, resilient results.

The ability to operate across multifamily and hospitality‑residential demand profiles helps diversify exposure and reduce concentration risk. Each investment decision is informed by conservative, risk‑tested analysis, ensuring that capital allocation and business plans are aligned with long‑term stability and downside protection.

Korman has a proven track record of delivering durable cash flow, downside protection, and long‑term value creation. With approximately $4.8 billion in gross asset value under management, 41 properties nationwide, and more than 10,000 multifamily units and hotel keys, the company has consistently executed its investment strategy across market cycles.

Investments are concentrated in high‑barrier, supply‑constrained markets supported by strong demographic trends. At disposition, assets are typically delivered in better condition than when acquired, reflecting Korman’s disciplined focus on operational improvement, resident experience, and long‑term performance. Both AKA and AVE have earned recognition as the #1‑ranked operator in their respective markets, underscoring the strength and consistency of Korman’s platform.