Firm Description

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 30 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 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 $200 million in established and emerging neighborhoods.