Korman Communities

About Korman Communities

Korman Communities is a real estate operator headquartered in Plymouth Meeting, PA. Korman Communities operates in Austin, Texas, Boston, Massachusetts and Dallas, Texas. Its investment focus is on Condominiums, Hospitality and Multifamily - Core.

Korman Communities is a family-founded residential real estate company now in its fifth generation, tracing a history of over 100 years in the industry. Since emerging as a standalone entity in 1995, the company has developed more than 40,000 single‑family homes, 6,000 condominiums, 16,000 apartments and townhouses, 4,000 hotel suites, and over 2 million square feet of commercial space. As of mid‑2025, Korman reports approximately 1,300 employees across North America and Europe and generates about $750 million in annual revenue . Korman’s operations span three integrated areas: property ownership, property management, and proprietary branded development via its AVE and AKA divisions. AVE specializes in Class A and Class AA multifamily residential units with both long‑term rentals and furnished, flexible‑stay apartments (totaling over 4,000 units) . AKA delivers luxury furnished residences combining hotel comfort and condominium space in cities like New York, Miami, Los Angeles, London, Philadelphia, Washington DC, and beyond . Korman focuses on opportunistic, value‑added, and core‑plus acquisitions, along with ground‑up development, particularly in U.S. gateway and growth markets.

Principals at Korman Communities