Kalikow Group

What Kalikow Group does

The Kalikow Group is a fourth-generation, family-owned real estate development, investment, and management company headquartered in Westbury, New York, with an additional Manhattan office. Founded in 1927 by Joseph Kalikow in Brooklyn, the firm has grown across nearly a century into a diversified real estate platform operating three integrated business lines: Kalikow Equity Partners (KEP) provides joint venture equity and mezzanine financing to middle-market real estate developers in growth markets; the development arm executes ground-up residential, retail, and mixed-use projects; and Kaled Management Corp, a wholly-owned subsidiary, delivers full-service property management for residential co-ops, condos, and rental buildings in the New York metropolitan area. Edward Kalikow has led the firm as President and CEO since 1979, and the fourth generation (Gregory Kalikow as Executive Vice President) is now actively involved.

The firm's core product is its JV equity financing platform, deploying typical equity tickets of $2 million to $10 million into projects where local developers serve as operating partners while Kalikow acts as general partner providing most of the capital. Over the past decade-plus, the company has invested more than $100 million of equity into developments with total project capitalizations exceeding $1 billion, spanning multifamily apartments, retail shopping centers, residential subdivisions, and mixed-use communities across 10+ states (New York, North Carolina, South Carolina, Florida, Texas, Georgia, Alabama, Pennsylvania, New Hampshire, Rhode Island, Nevada) and Ontario, Canada. The property management arm, Kaled Management, manages in excess of 6,500 residential units in metro New York, including both family-owned rental/cooperative units (approximately 2,000) and third-party managed units (3,500+).

The business model generates revenue through three mechanisms: equity participation in JV development projects (transaction-based returns realized at sale or stabilization), recurring property management fees from Kaled Management's third-party contracts (managed-services revenue), and rental income from the firm's owned New York metro portfolio. Go-to-market is relationship-driven and sales-led: the firm sources deals through long-standing partnerships with developers such as EYC Companies, Skymark Real Estate Investments, Land Tejas Companies, Feldco Development, and Grubb Properties, supplemented by industry press visibility and direct referrals. Pricing is not publicly disclosed and varies by transaction structure. The firm operates with 101-250 employees and is led by a team combining family principals with externally hired professionals from Angelo Gordon, Ernst & Young, and Credit Suisse.

Name

Kalikow Group

Legal name

The Kalikow Group

Website

https://thekalikowgroup.com

Company type

Private

Founded year

1927

Operating status

Operating

Headcount range

101–250 employees

Short description

The Kalikow Group is a fourth-generation, family-owned real estate development, investment, and management company that provides joint venture equity financing (typically $2M-$10M per deal) to middle-market developers across growth markets, manages 6,500+ residential units in metro New York via its Kaled Management subsidiary, and executes ground-up residential, retail, and mixed-use development nationwide.

Ownership category

akta.pro rank

Product category

Real Estate Development and Investment

NAICS

Lessors of Residential Buildings and Dwellings (531110), Residential Property Managers (531311)

SIC

Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799)

akta.pro industry

PRIMARYFSAAADAH

Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest)

Financial & Insurance/Asset & Wealth Management/Family Offices (Single- & Multi-Family)

Keywords

• Real estate development
• Joint venture equity financing
• Residential property management
• Land banking services
• Mezzanine financing real estate

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Joint Venture Equity Financing: Provides equity capital to real estate developers in exchange for partnership interests in development projects. The company acts as GP (General Partner) providing most of the equity while local developers serve as operating partners.
2. Property Management Services: Full-service property management through Kaled Management subsidiary, managing residential apartments in the New York metropolitan area.
3. Development and Construction: Ground-up development and construction of rental housing, for-sale housing, lot development, and shopping centers in growth markets.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

The Kalikow Group is a fourth-generation, family-owned real estate development, investment, and management company that provides joint venture equity and mezzanine financing to middle-market real estate developers nationwide, develops residential and retail real estate across growth markets in the Southeast and Texas, and delivers full-service property management for approximately 6,500 residential units in the New York metropolitan area through its Kaled Management subsidiary.

Product overview

The Kalikow Group is a multi-faceted real estate organization operating as a single unified offering with distinct service divisions. The company functions through three primary integrated components: Kalikow Equity Partners (KEP) provides joint venture equity and mezzanine financing to developers; Kaled Management delivers full-service property management for residential properties; and the development division executes residential and retail development projects nationwide. Over the past decade, the company has invested over $100 million into projects across the country with total project capitalizations exceeding $1 billion. Their property management arm manages in excess of 6,500 units in the New York metropolitan area. The integrated model allows the company to provide equity financing, development execution, and ongoing property management as complementary services to developer partners and investors.

Differentiator

Problem solved

Functional benefit

Products and services

• Kalikow Equity Partners (KEP) - Joint Venture Equity & Mezzanine Financing Private-equity arm of The Kalikow Group providing joint-venture equity and mezzanine financing to middle-market experienced real estate developers, operators, and builders. Investments typically range from $2 million to $10 million per transaction and target Opportunistic (ground-up development and value-add repositioning) and Core Plus (operation of higher quality assets) strategies across residential, retail, office, and land projects in the Northeast, Southeast, Texas, and select other markets.
• Kaled Management Corp - Full-Service Residential Property Management Wholly owned property management subsidiary providing 24-hour access, staff management, financial reporting, fiscal planning, cost and quality control, preventative maintenance, bulk purchasing, and brokerage services. Manages garden apartments, mid-rise and high-rise buildings, cooperative, condominium, and HOA housing across the New York metropolitan area, totaling more than 6,500 residential units.
• Real Estate Development - Residential & Retail Ground-Up Development Ground-up development services for residential and retail projects, including construction of rental housing, for-sale housing, shopping centers, and mixed-use developments across growth markets throughout the U.S., with activity spanning the Carolinas, Florida, Texas, Georgia, Alabama, Pennsylvania, and the Northeast.
• Land Banking Services Enterprise that acquires land on behalf of builders and developers while entering into sales or option agreements for future closing dates, providing off-balance-sheet financing benefits for public home builders and enabling them to secure control of land in growth markets.

Quantifiable outcome

• Over $1 billion in total project capitalizations
• +3 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered major, core and minor.

• Waterbridge CapitalmajorStrategic or Co-development Partner · 12 December 2011Joint venture partner for acquisition of 113-117 Elizabeth Street in Little Italy, Manhattan (30-unit, 3-building multifamily portfolio). This was Kalikow Group's first Manhattan acquisition in about 20 years.
• EYC CompaniescoreStrategic or Co-development Partner · 15 April 2009Longtime development partner of The Kalikow Group; EYC Companies (led by Ellis Coleman) has partnered on multiple projects including Woodland Trail (236-unit apartment in LaGrange, GA), Shade Tree (248-unit in Johns Island, SC), Wescott (182-unit in Charleston, SC), Grace Park (mixed-use in Morrisville, NC), and numerous other developments across the Carolinas and Southeast.
• Skymark Real Estate InvestmentscoreStrategic or Co-development PartnerDevelopment partner for multiple Florida projects including Legend Lakes Estates, Forest Lakes, Arlington Lakes, and Coral Trace. The partnership has developed over 1,240 residential units in Florida markets.
• Land Tejas CompaniesmajorStrategic or Co-development PartnerHouston-based development partner for Westheimer Lakes North (287 acres, 1,138 residential lots) and Sterling Lakes Iowa projects. Partnership involves acquiring and developing large residential parcels in the Houston market.
• Feldco Development Corp.majorStrategic or Co-development PartnerJoint venture partner for multiple projects including Expressway Plaza Shopping Center (Staten Island), Manchester Commons (NH), and other retail developments. Led by Barry Feldman.
• Grubb PropertiesmajorStrategic or Co-development PartnerDevelopment partner for Link Apartments Glenwood South, a 204-unit, six-story apartment community in Raleigh, NC ($34.8M construction financing through PGIM).
• Polimeni OrganizationmajorStrategic or Co-development PartnerJoint venture partner for Trexlertown Plaza Shopping Center (PA) and 1000 Franklin Avenue office building (Garden City, NY).
• Lawrence Entertainment/Noteware DevelopmentminorStrategic or Co-development PartnerDevelopment partner for Las Vegas projects including K&S Mesa Verde (356-unit condo complex on South Strip).
• Kia Motors Corp.minorOthersWoodland Trail in LaGrange, GA was developed to provide housing for workers at the new Kia manufacturing facility (7 miles from property), which created approximately 6,000 jobs in the region.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• The Related Companies: Large-scale family-affiliated real estate development, investment, and management firm. Comparable in integrated development + management model, but significantly larger and diversified into affordable housing (Related Affordable) and offices (Equitable).

Peers

• RXR Realty: New York real estate investment, development, and management firm with multifamily, commercial, and mixed-use holdings. Closely comparable business model across investment, development, and property operations in the NY metro and select growth markets.
• Greystar Real Estate Partners: Largest multifamily property manager and developer globally with deep U.S. footprint. Comparable through Kaled Management's third-party residential management model, but much larger scale and broader institutional ownership.
• FirstService Residential: Large North American residential property management company serving condos, co-ops, and rental buildings. Comparable through Kaled Management's fee management services for residential co-ops, condos, and rental units in NY metro.
• Land Tejas Companies: Houston-based residential master-planned community developer and active JV partner with The Kalikow Group (Westheimer Lakes North, Sterling Lakes Iowa). Direct counterpart for collaboration rather than competitor — illustrative of the JV partner category.
• Milstein Properties: Family-owned New York real estate developer, owner, and operator of multifamily, office, and mixed-use assets. Comparable multi-generational family control and integration of ownership with on-site property management.
• The Durst Organization: Family-owned NYC real estate developer with portfolio of ground-up multifamily, commercial, and sustainable development. Comparable multi-generational family ownership and NYC-centric residential development focus, but focused primarily on commercial/office ground-up rather than suburban JV equity.
• A&E Real Estate Holdings: New York-based residential property management and investment firm focused on multifamily. Comparable through residential property management orientation and mixed NYC portfolio of owned and fee-managed assets.
• Rose Associates: New York-based residential property management and development firm with 100+ year history. Closely comparable through property management scale in NYC metro (similar to Kaled Management's 6,500+ units).

Direct peers

• LeFrak Organization: Multi-generational family-owned real estate developer, investor, and operator based in New York. Most directly comparable peer given similar family-controlled model combining ground-up development, long-held rental portfolio, and property management in the Northeast.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kalikow Group