Katz Properties
Katz Properties (KPR Centers) is a privately held US real estate investment firm that acquires, owns and self-manages grocery-anchored shopping centers, power villages and select industrial properties across 20 states, serving national and regional grocery and retail tenants via a vertically integrated leasing, management and development platform.
- Company typePrivate
- Founded2003
- HeadquartersNew York, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Katz Properties does
Katz Properties, operating as KPR Centers, is a privately held US real estate investment, development and management company founded in Boston in 2003 by Daniel Katz and reorganized under the KPR banner in 2009. The firm focuses on grocery-anchored shopping centers and power villages in primary and secondary markets nationwide, with a stated minimum acquisition threshold of $25 million for retail and $15 million for industrial assets and minimum property size of 75,000 square feet. Since 2008 it has acquired more than 11 million square feet of grocery-anchored retail valued at over $2 billion and now owns and self-manages more than 10 million square feet across 20 states spanning New England, the Mid-Atlantic, the Midwest, the West and the Southeast, with corporate headquarters in New York and regional offices in Boca Raton, Nashua and Lower Gwynedd, Pennsylvania.
The company operates as a vertically integrated sponsor, retaining in-house functions for retail leasing, property management and development/redevelopment, and selectively adding industrial product (distribution, light industrial and cold storage) to its retail core. KPR generates revenue primarily through rental income on owned assets, supplemented by fee streams from acting as operating partner in joint ventures with institutional capital providers. Its go-to-market is relationship-driven: direct acquisitions from public REITs, institutions and private owners, supplemented by joint ventures with repeat institutional partners including DRA Advisors ($10 billion AUM), HPS Investment Partners, PCCP, Finmarc Management and GHC Development. Marketing and deal sourcing are supported by an ICSC conference presence, a PropertyCapsule listing portal and an AppFolio investor login for limited partners.
The firm is founder-controlled by Daniel Katz (Managing Partner) with a senior team that includes a COO/General Counsel drawn from Och-Ziff Capital Management, a Principal overseeing finance and due diligence, and an Operating Partner with prior Kimco Realty and BIG Shopping Centers USA experience. There is no public listing, no disclosed PE/VC ownership, and no evidence of software, SaaS or AI/ML products; the underlying "platform" is human capital, capital partnerships and 15+ years of grocery-anchored underwriting experience.
Katz Properties firmographics
Firmographics- Name
- Katz Properties
- Legal name
- KPR Centers LLC
- Website
- https://kprcenters.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Katz Properties (KPR Centers) is a privately held US real estate investment firm that acquires, owns and self-manages grocery-anchored shopping centers, power villages and select industrial properties across 20 states, serving national and regional grocery and retail tenants via a vertically integrated leasing, management and development platform.
- Ownership category
- akta.pro rank
Katz Properties industry classification
Industry- Product category
- Commercial Real Estate Investment & Management
- NAICS
- Management of Companies and Enterprises (55111)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799)
- akta.pro primary industry
- Real Estate / PropTech Growth Equity (FSANACAH)
- akta.pro secondary industry
- Industry-Specialist Buyout (Sector-Focused) (FSANABAE)
Keywords
Where Katz Properties is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Katz Properties business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Commercial Real Estate Investment: Acquisition and ownership of grocery-anchored retail shopping centers and industrial properties, generating rental income from tenants and value appreciation through proactive leasing, repositioning and redevelopment.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Katz Properties product offering
Product offeringCore offering
Katz Properties (operating as KPR Centers) is a vertically integrated real estate investor that acquires, owns, leases, manages and develops grocery-anchored shopping centers, power villages and industrial properties (distribution, light industrial and cold storage). The firm targets primary and secondary US markets with minimum deal sizes of $25M for retail and $15M for industrial, executing transactions directly and through joint ventures with institutional partners.
Product overview
Katz Properties (operating as KPR Centers) is a real estate investment, development, and management company. It is not a technology product company. The company's offering consists of acquiring, managing, and developing retail and industrial real estate properties. Their services include in-house retail leasing, property management, and development operations. The portfolio includes grocery-anchored shopping centers, power villages, and industrial properties (distribution, light industrial, and cold storage). No software products, platforms, or technology modules were identified in the source data.
Differentiator
Problem solved
Functional benefit
Products and services
- Grocery-anchored shopping center acquisition and ownership
- Power village and power center acquisition and ownership
- Industrial property acquisition and ownership
- In-house retail leasing
- Property management and asset management
- Real estate development and redevelopment
- Joint venture acquisitions with institutional partners
Quantifiable outcome
- Acquired over 11 million square feet of grocery anchored retail properties with market value exceeding $2 Billion since 2008 downturn
- +1 more outcomes
Companies that use Katz Properties
Customer profileSegments3 records
Ideal customer profiles3 records
Katz Properties technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Katz Properties partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered major and minor.
- Finmarc ManagementmajorJoint acquisition of Providence Town Center, a 760,000 square foot retail center in Collegeville, Pennsylvania for $161.75 million. Finmarc is a commercial real estate investment firm headquartered in Bethesda, Maryland.
- PCCP, LLCmajorJoint venture with KPR to acquire Schaumburg Corners, a 160,301-square-foot shopping center in Schaumburg, Illinois. PCCP is a real estate investment and management firm.
- GHC DevelopmentminorPartnership with New York City-based GHC Development for acquisition of Freshwater-Stateline Plaza in Enfield, Connecticut.
Scale indicators8 records
Recent moves7 records
Expansion highlights5 records
Katz Properties competitors and assessment
Company assessmentDirect peers
- DRA Advisors: DRA Advisors is a New York-based real estate investment manager with $10B+ AUM focused on commercial real estate. They are KPR's primary JV partner for grocery-anchored retail acquisitions including the $879M Cedar Realty Trust portfolio, making them a directly comparable operator/partner.
- Phillips Edison & Company: Phillips Edison is a publicly-traded REIT specializing exclusively in grocery-anchored shopping centers. Direct competitor in the same asset class with similar necessity-based tenant mix and similar value-add repositioning strategy.
- Regency Centers Corporation: Regency Centers is one of the largest grocery-anchored shopping center REITs in the US, with a portfolio exceeding 480 properties. Direct competitor targeting the same tenant profile and submarket geography as KPR.
- Brixmor Property Group: Brixmor is a publicly-traded REIT owning and operating 360+ open-air shopping centers totaling ~65M sq ft. Overlaps with KPR's strategy of necessity-based grocery-anchored retail but at substantially larger scale.
- Finmarc Management: Finmarc Management is a Bethesda-based commercial real estate investment firm and active JV partner of KPR (e.g., $161.75M Providence Town Center acquisition). Direct comparable as a mid-sized private retail real estate investor.
- PCCP, LLC: PCCP is a real estate investment and management firm that partnered with KPR on the Schaumburg Corners acquisition. Direct comparable private real estate investor with overlapping retail focus and institutional capital model.
- Site Centers: Site Centers (formerly DDR Corp) is a publicly-traded REIT focused on open-air shopping centers. Overlapping asset class and tenant strategy with KPR but with REIT structure and broader public-market access.
Broad incumbents
- Kimco Realty: Kimco Realty is one of the largest publicly-traded retail REITs with a $15B+ portfolio of open-air shopping centers. KPR's Operating Partner Daniel Eisenberg previously served as VP/Senior Portfolio Manager at Kimco, indicating direct operational familiarity.
- Federal Realty Investment Trust: Federal Realty is a large-cap retail REIT focused on high-quality grocery-anchored mixed-use shopping centers in affluent US markets. Comparable asset class and tenant mix but at materially larger institutional scale than KPR.
- Brookfield Asset Management (Retail): Brookfield's retail real estate platform owns significant grocery-anchored and open-air shopping center portfolios globally. Larger incumbent with institutional capital scale comparable to DRA Advisors and competing for similar grocery-anchored retail deal flow.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Katz Properties social profiles
Digital presenceKatz Properties financial estimates
Financial estimateRevenue estimate
Valuation estimate
Katz Properties leadership team
Management profileNumber of profiles
Profiles10 records
Katz Properties funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Katz Properties 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 Katz Properties
What does Katz Properties do?
Katz Properties (operating as KPR Centers) is a vertically integrated real estate investor that acquires, owns, leases, manages and develops grocery-anchored shopping centers, power villages and industrial properties (distribution, light industrial and cold storage). The firm targets primary and secondary US markets with minimum deal sizes of $25M for retail and $15M for industrial, executing transactions directly and through joint ventures with institutional partners.
Is Katz Properties a public or private company?
Katz Properties is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Katz Properties founded?
Katz Properties was founded in 2003. It employs 101 to 250 people.
Where is Katz Properties based?
Katz Properties is headquartered in New York, United States, in the North America region.
How does Katz Properties make money?
One revenue line is on record: commercial Real Estate Investment.
Who are Katz Properties's main competitors?
Direct peers on record are DRA Advisors, Phillips Edison & Company, Regency Centers Corporation, Brixmor Property Group, Finmarc Management, PCCP, LLC and Site Centers. Broad incumbents are Kimco Realty, Federal Realty Investment Trust and Brookfield Asset Management (Retail).
Does Katz Properties have an API?
No public API is recorded for Katz Properties.
What industry is Katz Properties in?
Katz Properties's product category is Commercial Real Estate Investment & Management. Its primary akta.pro industry code is FSANACAH, Real Estate / PropTech Growth Equity, with a secondary code of FSANABAE, Industry-Specialist Buyout (Sector-Focused). Its NAICS code is 55111 and its SIC code is 6532.