KAR Properties is comprised of a team of highly qualified professionals who demonstrate unwavering commitment to execution and a true partnership culture. The team consists of individuals whose experience spans all industry related disciplines from capital markets to construction and project management.
Creating alpha through vision, strategic partnerships, risk management, and focus.
Led by Principal Shahab S. Karmely, New York and Florida based KAR Properties is a real estate investment and development firm. With 35 years of international real estate experience, Shahab S. Karmely has honed an impressive pedigree in transactional, managerial, and developmental disciplines. These, combined with an extensive background in fine arts and design, are the foundational elements of his development expertise and overall vision. As the founder of KAR Properties LLC, and through KAR and/or its affiliates, Mr. Karmely has acquired, repositioned, and monetized over 3 million square feet of office, luxury mixed-use, and industrial space in the US, Southeast Asia, and Europe. With offices in New York and Miami, KAR currently oversees the management of a core portfolio of assets and a development pipeline in excess of 5 million square feet.
KAR has made a significant entry into the Miami market with acquisitions and investments in excess of $300 million in established and emerging neighborhoods. Mr. Karmely’s background as developer/owner/manager gives him a unique perspective and invaluable insights in analyzing and implementing the appropriate strategies for a variety of asset classes. He champions innovative and inventive approaches in response to changing market conditions, trends, and new opportunities as is required in today’s dynamic and challenging real estate markets.
The whole is greater than the sum of its parts.
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