KRE Group

What KRE Group does

KRE Group (legally 981 Management Company, LLC) is a family-owned, fully integrated real estate development, investment, and property management company founded in 1954 by Joseph Kushner and headquartered at 515 Marin Boulevard in Jersey City, New Jersey. The company develops, acquires, and manages a diversified portfolio of more than 100 properties spanning four asset classes — over 15,000 apartment units, 3,000,000+ square feet of office property, 3,000,000+ square feet of industrial/warehouse space, and 300,000+ square feet of retail — across New Jersey, Pennsylvania, and Florida. Its fully integrated operating model spans the full real estate lifecycle, including site acquisition, construction, design, entitlements, financing, leasing, management, and operations, eliminating third-party vendor dependencies.

The company serves four primary customer segments: residential renters (urban high-rises such as Journal Squared at 1,838 units, Bay 151 at 625 units, and 351 Marin at 507 units, plus suburban garden-style properties under the Garden Collection and The Hopewell Chapter brands), commercial office tenants across suburban New Jersey markets, industrial/logistics tenants, and retail tenants (including Starbucks, Cangiano's, Almost Home Coffee, and Whealth Kitchen) within mixed-use developments. Revenue is generated through recurring monthly rental income across all four asset classes, with residential representing the largest stream; pricing is market-rate and varies by location, unit size, and lease terms.

KRE distributes its services through direct property leasing via in-house management teams, individual property websites (such as journalsquared.com and 351marinjc.com), and broker relationships for commercial office leases. The company employs 165+ professionals and maintains management sub-brands Northern Chapter Company (urban properties) and Garden Collection (suburban properties). Notable 2025 events include a $225M refinancing for Journal Squared Tower 3 (the tallest residential building in New Jersey at 68 stories), a $25M acquisition of an REI lot in Paramus for a planned 426-unit development, and leadership recognition for Jonathan Kushner on the NJ Biz 2025 Commercial Real Estate Power List and BINJE's Best Power Players 2026.

Name

KRE Group

Legal name

981 Management Company, LLC

Website

https://thekregroup.com

Company type

Private

Founded year

1954

Operating status

Operating

Headcount range

51–100 employees

Short description

KRE Group is a family-owned, fully integrated real estate development, investment, and property management company operating 100+ properties spanning 15,000+ apartment units, 3M+ sq ft of office, 3M+ sq ft of industrial, and 300K+ sq ft of retail across New Jersey, Pennsylvania, and Florida.

Ownership category

akta.pro rank

Headquarters

HQ city

Bridgewater

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain, Others

Revenue model

1. Residential Rental Income: KRE Group generates recurring revenue through monthly rental payments from residential apartment tenants across their 20+ residential properties totaling over 15,000 units in New Jersey, Pennsylvania, and Florida.
2. Retail Tenant Leases: The company derives income from long-term and short-term leases with retail tenants including coffee shops, restaurants, and boutique retailers in their retail properties and mixed-use developments. Properties include Highland Village (60,806 sq ft), The Shops at Madison Farms, and retail spaces within residential complexes like Journal Squared and 351 Marin.
3. Office Property Leases: KRE Group earns rental income from commercial office tenants across their New Jersey office portfolio, including properties in Chatham, Bridgewater, Parsippany, Bedminster, Warren, Somerset, Florham Park, Basking Ridge, and other suburban New Jersey locations.
4. Industrial/Warehouse Leases: The company generates income from industrial and warehouse tenants across their 3,000,000+ square feet of industrial property in New Jersey, including logistics companies and manufacturing operations at facilities in Edison, South Plainfield, Somerset, Monroe Township, and other locations.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

KRE Group is a fully integrated real estate development, investment, and property management company that owns, develops, and operates residential apartments, office buildings, retail centers, and industrial/warehouse properties across New Jersey, Pennsylvania, and Florida. Its portfolio spans more than 15,000 apartment units and over 6 million square feet of office, retail, and industrial space, with capabilities covering construction, design, entitlements, financing, leasing, management, and operations.

Product overview

KRE Group is a family-owned, fully integrated real estate development, investment, and property management company offering residential, office, retail, and industrial properties across New Jersey, Pennsylvania, and Florida. The company's core offering spans the entire real estate lifecycle including construction, design, entitlements, financing, leasing, management, and operations. The residential portfolio is managed through sub-brands including Northern Chapter Company (luxury urban properties like Journal Squared, 351 Marin, 235 Grand, 485 Marin, 225 Grand, Grove Pointe, Bay 151, and 18 Park) and Garden Collection (garden-style properties). Office properties are operated across New Jersey locations, retail spaces are curated within residential communities, and industrial properties serve warehouse and logistics needs. Notable residential communities include Journal Squared (1,838 units), Bay 151 (625 units), Madison Farms (570 units), 235 Grand (549 units), 351 Marin (507 units), Grove Pointe (458 units), 18 Park (422 units), and Parkland View (378 units).

Differentiator

Problem solved

Functional benefit

Brands

• The Northern Chapter Company: Residential building and management company.
• Garden Collection

Named customers4 records

Segments4 records

Ideal customer profiles1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Others

• Brookfield Property Group:

Broad incumbents

• AvalonBay Communities: Large publicly traded multifamily REIT with a coastal-focused apartment portfolio. Comparable to KRE's residential apartment operations, though public, geographically broader, and far larger in scale.
• Equity Residential: Major publicly traded multifamily REIT concentrated in urban and high-density coastal markets. Directly comparable to KRE's Jersey City urban high-rise residential strategy, but at much larger national scale.
• The Related Companies: Nationally prominent mixed-use developer with integrated residential, retail, and office components. Closely mirrors KRE's full-stack development and mixed-use community approach, though operating nationally at significantly larger scale.
• Greystar Real Estate Partners: Largest multifamily property manager and developer globally, with active NJ presence. Comparable operating model in residential property management at scale, though Greystar is primarily a fee manager rather than a long-term owner like KRE.
• Tishman Speyer: Globally diversified real estate developer and investor with residential, office, and mixed-use expertise. Comparable vertically integrated development platform and mixed-use execution capabilities, but at international institutional scale.

Direct peers

• Veris Residential (formerly Mack-Cali Realty): New Jersey-based multifamily and office REIT with strong Jersey City exposure. Direct geographic and product overlap with KRE's residential and NJ office portfolios, and similar asset-class mix.
• Russo Development: New Jersey-based, family-influenced real estate developer with residential, commercial, and industrial holdings. Highly comparable mid-size NJ operator with similar multi-asset-class strategy and local market depth.
• Bozzuto Group: Mid-Atlantic-focused residential developer, owner, and property manager with a portfolio of garden-style and urban apartment communities. Comparable apartment ownership and management operations to KRE's residential segment.

Regional players

• Hartz Mountain Industries: Large NJ-based, family-owned real estate developer and owner of office, industrial, and residential properties. Direct comparison to KRE on family-owned NJ multi-asset strategy, with industrial/office concentrations similar to KRE's.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/the-kre-group

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

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 KRE Group