Luxury is the art of combining vision, design, execution and function into a harmonious whole that is greater than the sum of its individual components.
KAR Properties 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.
Led by founder and CEO, Mr. Shahab S. Karmely, New York-based KAR Properties is a real estate investment and development firm with more than 35 years of international real estate experience spanning the U.S., Southeast Asia and Europe. KAR Properties has successfully acquired, repositioned, and monetized more than 3 million square feet of office, luxury mixed-use and industrial space.
KAR Properties is committed to generating alpha through strategic acquisition, development and repositioning of significant projects for its institutional, international developer and high net worth investor partners in gateway city markets, such as New York City and Miami, through a “boutique model” which allows for flexibility in JV structuring, governance and overall partnership orientation, as well as offering global reach (offices in Asia and the US) together with a platform that provides expertise as an on-site local market development partner.