AVE

AVE is a collection of 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.

AVE delivers the next generation of apartment living. In today’s consumer-centric economy, traditional property management is antiquated, offering tenants a low level of service and a “one size fits all” 12-month unfurnished apartment lease. AVE is providing an unmatched lifestyle for residents by offering the highest level of service, exceptional programming and unrivaled flexibility to solve residents’ needs.

AVE’s mission is to constantly improve apartment units, modernize amenity spaces and engage with residents to enhance their living experiences. AVE properties offer luxury apartments with best-in class property management and state-of-the-art facilities. Amenities include coworking spaces, business centers, fitness centers, resort style pools and spacious indoor and outdoor lounges. The unique combination of AVE’s facilities, attentive on-site teams and active resident engagement leads to a flourishing sense of community and exceptional resident satisfaction.

AVE offers flexible living through it’s furnished apartments program designed for residents seeking luxury accommodations for 30 days or more. Whether traveling on extended business, relocating for work, or simply “test driving” a new neighborhood, AVE provides ultimate flexibility by enhancing a luxury apartment.

OPERATIONAL EXCELLENCE


AVE by Korman Communities wins the Kingsley Excellence Award, recognized as one of the multifamily industry's best-in-class in 2022.

AVE Brand
Investment Strategy

Target Properties
200+ Unit Class A+ multifamily community either under construction or built within the last five years and located in a market 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.

Investment Inquiry

The target end user for AVE includes:

  • Corporate travelers including executives, consultants, training programs, and relocations
  • Individuals with life in transition, i.e., relocation, separation / divorce, or home renovations
  • “Eds and Meds” such as visiting professors, physicians, medical patients
  • Athletes and Entertainers
  • Downsizers with community ties, family nearby or snow-birds

 

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