AVE by Korman Communities
AVE by Korman Communities is a private hospitality operator running 22 residential apartment communities across 10 US metros, offering luxury unfurnished 12-month leases and fully furnished flexible-stay apartments of 30+ days for corporate relocations, business travelers, and individuals in life transitions.
- Company typePrivate
- Founded2008
- HeadquartersClifton, United States
- Headcount251–500
- GTM typeB2C
- OfferingServices
What AVE by Korman Communities does
AVE by Korman Communities operates a portfolio of 22 residential apartment communities across 10 major US metropolitan markets, delivering two distinct product lines under a single operating brand. The core offering comprises luxury unfurnished apartments leased on traditional 12-month terms for long-term residents seeking resort-style amenities, alongside fully furnished apartments available for flexible stays of 30 days or longer that target corporate relocations, business travel, and individuals in life transitions. All amenities and services (high-speed WiFi, 24/7 fitness centers, business lounges, pet accommodations without breed or weight restrictions, and on-call maintenance) are bundled into the rent with no separate amenity fees, supported by dedicated on-site service teams and a resident referral program branded AVEocate.
The underlying platform combines a direct-leasing website (aveliving.com) featuring virtual tours and live chat, corporate housing account management for enterprise clients, and an AVE Connect virtual lifestyle site launched during COVID-19 for resident programming. Technology is operational rather than differentiated: the stack integrates Google Maps for property location, live chat for remote leasing, and digital content marketing (215+ blog articles) rather than proprietary AI, ML, or data models. Properties span mid-rise, high-rise, and garden-style formats — including historic assets such as The Franklin Residences (built 1923) and new high-rise deliveries in Phoenix, Denver, and Tampa — concentrated geographically in premium Sun Belt, Northeast corridor, and tech-anchored metros (Silicon Valley, Austin).
Monetization is predominantly subscription-recurring through monthly rental payments, with structured corporate housing contracts providing enterprise clients flexible terms starting at 30 days, and ancillary revenue from the resident referral program. AVE is a division of Korman Communities, a privately held family-owned entity under SHK Management, Inc., with Lea Anne Welsh serving as President of AVE and COO of Korman Communities. Growth has been funded organically across multiple metro expansions, with two additional properties (Denver's RiNo district and suburban Philadelphia's Horsham) slated for 2028 opening. Industry recognition includes four consecutive years (2023-2026) as Grace Hill's #1 Property Management Company alongside CHPA, Kingsley, Cartus, BGRS, and AIRES awards for corporate housing excellence.
AVE by Korman Communities firmographics
Firmographics- Name
- AVE by Korman Communities
- Legal name
- AVE by Korman Communities
- Website
- https://aveliving.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- AVE by Korman Communities is a private hospitality operator running 22 residential apartment communities across 10 US metros, offering luxury unfurnished 12-month leases and fully furnished flexible-stay apartments of 30+ days for corporate relocations, business travelers, and individuals in life transitions.
- Ownership category
- akta.pro rank
AVE by Korman Communities industry classification
Industry- Product category
- Serviced Apartments / Corporate Housing
- NAICS
- Residential Property Managers (531311), Accommodation (721)
- SIC
- Operators Of Apartment Buildings (6513), Hotels & Motels (7011)
- akta.pro primary industry
- Corporate Extended-Stay Housing (Relocation & Project-Based) (THAMAFAA)
- akta.pro secondary industries
- Corporate Housing Property Management (Owner-Managed / Third-Party) (THAMAHAJ), Furnished Monthly Apartments (Urban/Residential) (THAMAFAB), Furnished Corporate Apartments (Urban, Mid-Rise) (THAMAHAG), Temporary Housing & Corporate Housing Management (HSAKAJAD), Extended-stay serviced apartments (weekly/monthly) (THAMACAD)
Keywords
Where AVE by Korman Communities is headquartered
LocationHeadquarters
- HQ city
- Clifton
- HQ country
- United States
- HQ region
- North America
Offices16 records
Markets served
AVE by Korman Communities business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Marketing or Sales, Supply Chain, Technology or R&D
Revenue model
- Monthly Apartment Rent: Core revenue from monthly rental payments for both furnished and unfurnished luxury apartments across 22 properties.
- Corporate Housing Contracts: Furnished extended-stay accommodations for corporate clients, business travelers, and relocating employees with flexible terms starting at 30 days.
- Resident Referral Program: Referral credits earned by existing residents who refer new tenants, driving lease signings.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Furnished Apartments - Flexible Stay |
| Subscription | Annual | Luxury Apartments - 12 Month Terms |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels7 records
AVE by Korman Communities product offering
Product offeringCore offering
AVE by Korman Communities owns and operates 22 residential apartment communities across 10 US metropolitan areas, offering two primary product lines: unfurnished Luxury Apartments on 12-month leases and fully furnished Furnished Apartments for flexible stays of 30 days or longer. A dedicated Corporate Housing program provides furnished extended-stay accommodations for business travelers, relocating employees, and HR departments, with flexible lease terms starting at 30 days.
Product overview
AVE by Korman Communities operates a portfolio of 22 residential apartment communities across the United States offering two primary product lines: Luxury Apartments (unfurnished units with 12-month lease terms where residents personalize with their own furnishings) and Furnished Apartments (fully furnished units for flexible stays of 30 days or longer, ideal for corporate housing and relocations). The company provides resort-style amenities, professional workspace services, wellness facilities, and high-touch resident services as part of its elevated apartment living experience. Properties span 11 metropolitan markets including Northern New Jersey (4 properties), Phoenix AZ (3), Suburban Philadelphia PA (5), Philadelphia PA (3), Austin TX (1), Irving/Dallas TX (1), Denver CO (1, opening 2028), Silicon Valley CA (1), Tampa FL (1), and White Plains NY (2). The portfolio includes mid-rise, high-rise, and garden-style communities serving both long-term renters and short-term flexible-stay guests.
Differentiator
Problem solved
Functional benefit
Brands
- Luxury Apartments: Unfurnished apartments with 12-month lease terms, personalized with resident furnishings for discerning renters seeking carefree living.
- Furnished Apartments
- Blue Bell Villas
- The Franklin Residences
Products and services
- Luxury Apartments
- Furnished Apartments
- Corporate Housing Program
Companies that use AVE by Korman Communities
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles3 records
AVE by Korman Communities technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature5 records
AVE by Korman Communities partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered minor and core.
- Children's Hospital of Philadelphia (CHOP)minorAVE King of Prussia furnished dining igloos during KOP Restaurant Week and helped raise $12,000 for CHOP. Collected toys for hospital patients during holiday drives. Total CHOP contribution from 2021 Restaurant Week was $12,000 of the $68,484 total raised.
- WegmansminorPartnered with Wegmans during the Red Cross blood drive at AVE King of Prussia, with Wegmans providing complimentary snacks and beverages for donors and meals for Red Cross volunteers.
- Move For HungercoreAVE has partnered with Move For Hunger for over 10 years to reduce food insecurity in local communities. Activities include food drives, holiday food donations, and the Little Words Project bracelet collaboration where 25% of net profits support Move For Hunger. The partnership has raised over $17,000 in recent campaigns and collected thousands of pounds of food donations.
- Corporate Housing Providers Association (CHPA)coreAVE is accredited by the Corporate Housing Providers Association, the industry organization setting standards for corporate housing providers.
- Career WardrobeminorAVE has held four professional clothing drives organized by Senior Leasing Manager Diane Miller since October 2017, donating over 6,000 articles of clothing. Team members volunteer monthly at the Donation Center to help with merchandising and outfitting clients. AVE sponsored Hope's Night Out event raising over $80,000.
- Little Words ProjectminorCollaboration created a custom 'LIVE BETTER' bracelet with 25% of net profits donated to Move For Hunger. Founding member Mariah Grippo is an AVE Somerset resident. The partnership combines AVE's flexible living mission with Little Words Project's kindness movement.
- Grace HillcoreAVE was named #1 Property Management Company at the Grace Hill Excellence Awards for four consecutive years based on resident satisfaction scores.
- KingsleycoreAVE won the Kingsley Excellence Award for property management and resident satisfaction excellence.
- CartuscoreAVE received the Cartus Silver Innovation Award and Korman Communities received Cartus Platinum recognition for corporate relocation and housing services.
- BGRScoreKorman Communities was honored with Service Excellence Award by BGRS for outstanding relocation services.
- American Red CrossminorAVE King of Prussia hosted a blood drive meeting its goal of collecting 30 units of blood, which helps up to 90 people. Partnered with Wegmans for complimentary refreshments for donors.
- Local Animal Sheltersminor5th Annual 'AVE is PAWsome' campaign partnered with multiple local animal shelters including Brick City Rescue, St. Hubert's Animal Welfare Center, Arizona Humane Society, Morris Animal Refuge, and SNARR Northeast Rescue. Raised $1,050 and collected 90 donation boxes of pet supplies.
- MANNAminorKorman Communities founder Steven H. Korman is a longtime supporter. The 4th Annual Steven H. Korman Day of Caring involved team members volunteering in the MANNA kitchen. The new facility is named The Steven Korman Nutrition Center. MANNA provides medically tailored meals to people battling life-threatening illnesses.
- AIREScoreAVE received the AIRES Circle of Excellence Award recognizing excellence in the corporate housing and relocation industry.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
AVE by Korman Communities competitors and assessment
Company assessmentDirect peers
- Kasa Living: Kasa operates a tech-enabled network of furnished apartments and hotels for business and leisure travelers seeking flexible stays. It competes with AVE in urban markets with modern, professionally managed furnished units and digital booking.
- Sonder (now part of Marriott): Sonder operates tech-enabled furnished apartments and short-stay units across major US cities. After its 2024 transaction with Marriott, it competes with AVE in the flexible-stay furnished apartment segment with stronger digital booking and brand reach.
- Blueground: Blueground operates a global platform of fully furnished apartments for monthly stays, targeting business travelers and relocating professionals. It is the most direct tech-enabled competitor to AVE's furnished flexible-stay offering across major US markets.
- Landing: Landing offers flexible-stay furnished apartments on a membership model allowing members to move between cities. It targets the same digital nomad, relocation, and life-transition segments that AVE serves through its furnished apartment product.
- Churchill Living: Churchill Living provides fully furnished extended-stay apartments for corporate housing and relocation clients across the US. It is a direct peer to AVE in furnished corporate housing with a similar B2B channel go-to-market.
- Furnished Quarters: Furnished Quarters is a long-standing corporate housing and serviced apartment provider offering furnished apartments for 30+ day stays. It overlaps directly with AVE's furnished and corporate housing product line and serves a similar enterprise/relocation customer base.
- National Corporate Housing: National Corporate Housing is a national corporate housing and furnished apartment provider serving relocating employees and corporate clients. It is a direct competitor to AVE's corporate housing division with similar B2B channel partnerships.
- Oakwood (Oakwood Worldwide, part of Marriott): Oakwood is one of the largest global serviced apartment and corporate housing brands, now part of Marriott. It directly competes with AVE in the furnished extended-stay and corporate relocation segments across major US metros.
Broad incumbents
- Residence Inn by Marriott: Residence Inn is Marriott's flagship extended-stay hotel brand offering suites with kitchens for 5+ night stays. It overlaps with AVE's furnished apartment offering for extended-stay corporate and relocation travelers but is part of a much broader Marriott portfolio.
- Staybridge Suites (IHG): Staybridge Suites is IHG's extended-stay hotel brand offering apartment-style suites for weekly and monthly stays. It serves overlapping corporate housing and relocation demand as AVE but operates a hotel model rather than apartment communities.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
AVE by Korman Communities social profiles
Digital presenceAVE by Korman Communities financial estimates
Financial estimateRevenue estimate
Valuation estimate
AVE by Korman Communities leadership team
Management profileNumber of profiles
Profiles7 records
AVE by Korman Communities funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AVE by Korman Communities M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AVE by Korman Communities
What does AVE by Korman Communities do?
AVE by Korman Communities owns and operates 22 residential apartment communities across 10 US metropolitan areas, offering two primary product lines: unfurnished Luxury Apartments on 12-month leases and fully furnished Furnished Apartments for flexible stays of 30 days or longer. A dedicated Corporate Housing program provides furnished extended-stay accommodations for business travelers, relocating employees, and HR departments, with flexible lease terms starting at 30 days.
Is AVE by Korman Communities a public or private company?
AVE by Korman Communities is a private company. It is classified as family owned and is currently operating.
When was AVE by Korman Communities founded?
AVE by Korman Communities was founded in 2008. It employs 251 to 500 people.
Where is AVE by Korman Communities based?
AVE by Korman Communities is headquartered in Clifton, United States, in the North America region.
How does AVE by Korman Communities make money?
Three revenue lines are on record. Monthly Apartment Rent is the primary driver. The others are corporate Housing Contracts and resident Referral Program.
Who are AVE by Korman Communities's main competitors?
Direct peers on record are Kasa Living, Sonder (now part of Marriott), Blueground, Landing, Churchill Living, Furnished Quarters, National Corporate Housing and Oakwood (Oakwood Worldwide, part of Marriott). Broad incumbents are Residence Inn by Marriott and Staybridge Suites (IHG).
Does AVE by Korman Communities have an API?
No public API is recorded for AVE by Korman Communities.
What industry is AVE by Korman Communities in?
AVE by Korman Communities's product category is Serviced Apartments / Corporate Housing. Its primary akta.pro industry code is THAMAFAA, Corporate Extended-Stay Housing (Relocation & Project-Based), with a secondary code of THAMAHAJ, Corporate Housing Property Management (Owner-Managed / Third-Party). Its NAICS code is 531311 and its SIC code is 6513.