The KABR Group

What The KABR Group does

The KABR Group is a vertically-integrated private equity real estate firm founded in 2008 and headquartered in Englewood, New Jersey. Co-founded by Kenneth Pasternak (Executive Chairman and CEO) and Adam Altman (Managing Member), the firm acquires, develops, and manages commercial, multifamily, industrial, hospitality, mixed-use, and retail properties primarily in the New York metropolitan area and the southeastern United States, with an expanding footprint into Florida, Connecticut, Georgia, Texas, and Tennessee. Since founding, KABR has acquired approximately 100 properties totaling four million square feet of office and industrial space, more than 4,000 multifamily units, six million square feet of development rights in its pipeline, and has raised approximately $500 million in discretionary funds and private equity partnerships. Its enterprise tenant roster includes Samsung (North American headquarters at 85 Challenger Road), WeWork, ADP, and Santander Bank, while its ground-up development activity spans Trump Bay Street (a 53-story, 447-unit luxury rental with Kushner Companies), Canopy by Hilton Jersey City, and a 216-unit rental project at Overpeck Corporate Center.

The firm generates revenue through three primary streams: (1) recurring rental income across multifamily, office, industrial, retail, and hospitality assets; (2) transaction gains from acquiring undervalued or distressed assets, adding value through development and management, and disposing of stabilized properties (e.g., the $30 million sale of a 189,000 SF industrial asset in Calverton, NY); and (3) ground-up development fees and profits, with millions of square feet of entitlements in the pipeline. KABR executes primarily through joint ventures with institutional co-investors (Kushner Companies, Klotz Group, Three Wall Capital, Saxum Real Estate, Ceruzzi Properties, Capstone Realty Group, Hornrock Properties, BTF, FCA-Orbita Group, Treeline Companies), using a vertically-integrated in-house team for investment, asset management, and property management rather than third-party operators. Leadership includes COO Michael Goldstein (NYU-trained, 18+ years of real estate private equity experience) and CFO Michael Dwyer (Duke MBA, CPA, 25+ years including senior roles at Goldman Sachs and Citi).

Name

The KABR Group

Legal name

The KABR Group

Website

https://kabrgroup.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

The KABR Group is a vertically-integrated private equity real estate firm founded in 2008 that acquires, develops, and manages commercial, multifamily, industrial, hospitality, and retail properties across the New York metro and southeastern United States for institutional co-investors and enterprise tenants.

Ownership category

akta.pro rank

Product category

Real Estate Investment & Development

NAICS

Other Financial Investment Activities (5239)

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Real Estate Investment Sales (Income-Producing Properties) (FSAEAJAC)

Keywords

• Private equity real estate
• Commercial real estate investment
• Multifamily property management
• Real estate development
• Value-add real estate

Headquarters

HQ city

Ridgefield Park

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

Revenue model

1. Property Rental Income: KABR generates recurring revenue through rental income from its portfolio of multifamily, commercial, office, industrial, retail, and hospitality properties.
2. Property Acquisition and Disposition: The firm acquires undervalued or distressed properties, adds value through development and management, and sells properties for capital gains.
3. Real Estate Development: KABR develops millions of square feet of commercial and residential real estate, with millions of square feet of development rights in its pipeline.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

The KABR Group is a vertically-integrated private equity real estate firm that invests in, develops, and manages commercial, multifamily, industrial, hospitality, and mixed-use properties. The firm acquires undervalued or distressed assets, applies value-driven investment strategies, develops millions of square feet of real estate, and provides in-house asset and property management services. Its portfolio spans approximately 100 properties with 6 million square feet of development rights, 4 million square feet of office/industrial space, and over 4,000 multifamily units concentrated in the New York metropolitan area and southeastern U.S.

Product overview

The KABR Group is a vertically-integrated private equity real estate firm offering a unified platform of investment, development, and property management services. The core offering consists of three integrated service lines: Real Estate Investment (value-driven acquisition and asset analysis), Real Estate Development (ground-up development and entitlements with millions of square feet in pipeline), and Real Estate Management (in-house asset and tenant management). The company's portfolio spans multiple property types including Multifamily, Office, Industrial, Mixed Use, Retail, and Hospitality, with properties concentrated in the New York metropolitan area and southeastern U.S. markets (particularly Florida). The product platform does not represent a software or technology product but rather a service-based real estate investment and management offering.

Differentiator

Problem solved

Functional benefit

Products and services

• Real Estate Investment Value-driven investment service targeting value-added, opportunistic, distressed debt, and special situations real estate. The firm analyzes all aspects of an asset's lifecycle through quantitative analysis benchmarking outcomes, and has raised approximately $500 million in discretionary funds and private equity partnerships.
• Real Estate Development Ground-up development service covering commercial, residential, mixed-use, and hospitality properties. KABR has managed the development of millions of square feet of real estate with millions of additional square feet of development rights owned in pipeline.
• Real Estate Management

Quantifiable outcome

• 100+ properties acquired since 2008
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered core and major.

• Kushner CompaniescoreStrategic or Co-development Partner · 1 January 2011KABR partnered with Kushner Companies for the development of Trump Bay Street (65 Bay Street), a 53-story luxury rental high-rise with 447 units and 20,000 SF of retail. The partnership also included Journal Square development projects in Jersey City.
• Capstone Realty GroupcoreStrategic or Co-development PartnerJoint venture partner on multiple properties including 330 & 350 Motor Parkway (acquired loan in 2012) and 7 Becker Farm Road. Capstone has co-invested alongside KABR on office acquisitions and capital improvements.
• Klotz Group (Klotz Companies)coreStrategic or Co-development PartnerJV partner on multiple Florida properties including Broxton Bay (324 Class-A residential units in Jacksonville) and 13911 Atlantic Boulevard development. KABR manages Florida apartment communities internally while Klotz concentrates on particular acquisition strategies.
• Three Wall CapitalmajorStrategic or Co-development PartnerJV partner on hospitality acquisitions including Sheraton McKinney Hotel (187 key hotel in McKinney, Texas) and 1341 North Zaragoza Road development (124-key Extended Stay America hotel in El Paso, Texas).
• Saxum Real EstatemajorStrategic or Co-development PartnerJV partner on Arnold Road investment - over 800 acres of undeveloped land in Jacksonville, Florida. Also working on a 3.8 million-square-foot North Jacksonville industrial park.
• Ceruzzi PropertiesmajorStrategic or Co-development PartnerKABR and Ceruzzi Properties jointly purchased 66 Summer Street, a Class-A luxury apartment building in Stamford, CT with 209 luxury residential apartments and 7,500 SF of retail.
• FCA-Orbita GroupmajorStrategic or Co-development PartnerJV partner on Queens industrial acquisitions including 620,000 SF warehouse complex purchase for $73.5 million at 184 Jamaica Avenue (formerly The Ideal Toy Factory).
• BTFmajorStrategic or Co-development PartnerJV partner on $30 million purchase of New City Shopping Center (125,110 SF) in Rockland County, NY.
• Treeline CompaniesmajorStrategic or Co-development PartnerKABR and Treeline Companies co-own the ground level retail and office space at 195 Montague Street in Brooklyn, a 293,718 SF office condominium building.
• Hornrock PropertiescoreStrategic or Co-development PartnerJV partner on 216-unit rental project at Overpeck Corporate Center. Ground broken in October 2025.
• Klotz CompaniescoreStrategic or Co-development PartnerKABR and Klotz Companies acquired 44 acres of land at 13911 Atlantic Boulevard, approved for 590 residential units with deep water boat slips on the Intracoastal Waterway.

Scale indicators7 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• The Lightstone Group: Lakewood, NJ-based vertically integrated PE real estate firm of comparable size spanning multifamily, hospitality, and commercial assets. Closest comparable to KABR in scale, multi-asset strategy, and East Coast/Sun Belt geographic footprint.
• A&E Real Estate: New York City-based privately held real estate investment and management firm focused on multifamily and mixed-use properties. Directly comparable to KABR's NY metro multifamily strategy and joint-venture-driven model.
• Kushner Companies: NYC-area diversified real estate firm with extensive multifamily, office, and mixed-use holdings. Comparable in NY metro strategy and JV deal structure — also a repeat KABR JV partner on Trump Bay Street and Journal Square projects.
• The Praedium Group: New York-based PE real estate firm focused on value-add multifamily and commercial investments. Directly comparable in value-add strategy, mid-market AUM profile, and operator-led underwriting approach.
• Wheelock Street Capital: Greenwich-based PE real estate sponsor focused on value-add multifamily, hospitality, and mixed-use investments. Comparable in strategy, asset mix (multifamily + hospitality), and JV-oriented deal sourcing.
• Independence Realty Trust: Sun Belt-focused multifamily REIT with a portfolio concentrated in non-gateway Southeast markets. Directly comparable in multifamily property type and Southeast geographic focus, though structured as a public REIT rather than a private operator.
• BRT Apartments Corp. Multifamily-focused REIT with Sun Belt geographic concentration and JV-driven acquisition model. Comparable in property type (multifamily), Sun Belt focus, and use of joint venture partnerships to source and operate assets.

Broad incumbents

• GTIS Partners: New York-based PE real estate firm with diversified strategies across multifamily, industrial, office, and hospitality. Overlapping strategy and target geographies but with materially larger AUM and broader portfolio.
• Pretium Partners: Large alternative asset manager with significant residential real estate exposure, particularly in the Sun Belt. Comparable in property type focus (residential) and Sun Belt geography, but at meaningfully greater scale.
• The Related Companies: Large diversified real estate firm with deep multifamily, mixed-use, affordable, and commercial holdings. Overlapping in asset types (multifamily, mixed-use) and NY metro geography, but operating at substantially greater scale and vertical integration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

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

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

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 The KABR Group