Leverage an entrepreneurial approach and vertically integrated platform to capitalize on residential, mixed-use, and office opportunities in the gateway cities of New York and Miami.

Kar Properties
City street
City street with large K logo over it

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.

Shahab Karmely


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.

Eyeglasses looking through to city


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.

The aspirational realized.

Shahab Karmely
One River Point building exterior
Statue of liberty
What We Believe


Partnership approach
With substantial equity participation in each project
Bespoke model
Enabled by a customized focus on a limited number of deals with limited number of partners
Profit sharing orientation
Our structure focuses on profit sharing rather than upfront fees, and offers preferred returns to investors prior to profit distribution
Best practices governance
Together with broad rights to investors
Foreign investor structure
Experience dealing with foreign investors and flexible transaction platform designed to accommodate investors preferences, domicile and tax position


Kar Properties