Korman Communities

Find out why Korman Communities is synonymous with integrity, market savvy, and proven performance in real estate development, investment, and operations.

The KORMAN name is synonymous with integrity, trust, and achievement.  Experience matters in residential real estate investment, management, and brand creation.   Korman Communities, now in its 5th generation, excels in all three areas, clearly showing that Korman knowledge and experience is the foundation for innovation.

Korman Communities is unique as a residential real estate investor having expertise in three different areas: ownership, property management, and innovative brand creation.  A synergy occurs leading to better outcomes in all areas. This integrative approach leads to optimized property value, enhanced decision-making, risk mitigation, responsive management, long-term sustainability, scalability and growth in our investments.

 AVE operates like no other multi-family residential brand in the world by offering best-in-class apartments rented long-term, and luxury furnished apartments, fully accessorized and serviced, leased by the month or longer.  AVE properties are optimized to enhance immediate returns and long-term value creation.

AKA balances the space and comfort of a fully appointed luxury condominium with the style and hospitality of an intimate boutique hotel. AKA offers sophisticated hotel accommodations and spacious furnished residences with exceptional business, wellness, and lifestyle amenities in iconic neighborhoods. Whether guests are staying several days, weeks, or longer, AKA Hotels+Hotel Residences offer the perfect accommodations.

AVE is a national best-in-class brand with properties ranging from Silicon Valley in Santa Clara, California, to the Live Music Capital of the World in Austin, Texas, to Riverwalk in Tampa, Florida, and the historic Navy Yard in Philadelphia.

AKA is recognized around the world for its superb, luxury furnished, serviced condominiums.  There is no other brand that compares with AKA for its sophisticated design, high-quality service, exceptional business, wellness, and lifestyle amenities.  

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 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.  

We have maintained our excellent reputation and continued success during economic changes by adhering to our core values with integrity and transparency.

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.

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.

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.

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.

The acquisition strategy is to purchase premium properties in the most desirable locations in both the United States and select overseas locations such as London, and to manage them under the AKA or AVE brands.

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.

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.

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