AVR

What AVR does

AVR Realty Company is a privately held, vertically integrated real estate development, investment, and property management firm founded in 1952 by Allan V. Rose and headquartered in Yonkers, New York. The company operates a national portfolio spanning 20 states and over 70 cities, encompassing four core property types: open-air retail centers (over 3 million square feet, anchored by grocers and discount retailers), Class-A multifamily residential (over 2,000 units along the eastern seaboard including Brio, Grand Oaks, and Atlantic at Parkridge), hospitality properties franchised under Hilton brands (Embassy Suites, Hilton Garden Inn, Hampton Inn, and Homewood Suites), and trophy office assets including 5 Times Square, the Verizon Communications campus in Irving, TX, and the NBCUniversal Telemundo global headquarters in Miami, FL. The company's go-to-market is direct: it acquires raw land, navigates entitlement, develops properties, and retains ownership under a vertically integrated operating model that includes in-house property management, leasing, and capital markets functions.

The business generates revenue through three primary streams: (1) one-time development gains from acquiring and developing raw land into retail, multifamily, hospitality, and mixed-use assets (including The Boulevard, a 322-acre master-planned community in Brookhaven, NY); (2) recurring rental income from long-term ownership of the stabilized portfolio, including high-credit single-tenant office leases with Verizon and NBCUniversal; and (3) professional property management and leasing services across the owned portfolio. Capital is sourced through the firm's capital markets function, which has closed over $3 billion in debt and preferred equity across commercial banks, CMBS lenders, insurance companies, and other financial institutions. Customer segments are horizontal: retail tenants (national and local), residential renters, hospitality guests, and corporate office occupiers. Marketing is minimal and direct, relying on the corporate website (avrrealty.com), property-specific leasing contacts, and LinkedIn.

Notable franchise relationships include a multi-decade partnership with Hilton (AVR pioneered the Homewood Suites brand in 1980) and anchor tenant relationships with Northwell Health across multiple retail-medical office complexes. Major recent strategic moves include the 2018 acquisition of both the Telemundo headquarters in Miami and the Verizon corporate campus in Irving, TX. The company has no disclosed technology product, no AI/ML capabilities, and operates with a lean team of 40+ employees managing a portfolio of over 20 million square feet built across 100+ projects.

Name

AVR

Legal name

AVR Realty Company

Website

https://avrrealty.com

Company type

Private

Founded year

1952

Operating status

Operating

Headcount range

51–100 employees

Short description

AVR Realty Company is a privately held, vertically integrated real estate firm founded in 1952 that develops, owns, and manages a diversified portfolio of retail (3M+ sf), Class-A multifamily (2,000+ units), hospitality, and office assets across 20 states and 70+ cities.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Real Estate Property Managers (53131), Residential Property Managers (531311), Rental and Leasing Services (532)

SIC

Real Estate Dealers (For Their Own Account) (6532), Operators Of Nonresidential Buildings (6512), Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Real Estate Development & Feasibility Advisory (Highest-and-Best-Use, Entitlements Support) (BPAJANAC)

akta.pro secondary industries

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE), Property Management Advisory & Leasing Administration (FSAEAJAN)

Keywords

• Real estate development
• Property management
• Multifamily housing
• Retail leasing
• Hospitality franchising

Headquarters

HQ city

Yonkers

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Development: AVR develops retail centers, multifamily residential, hospitality properties, and mixed-use communities from raw land through entitlement to completion. Revenue comes from selling or leasing developed properties.
2. Property Investment and Ownership: Long-term ownership and operation of retail centers, multifamily apartments, hotels, and office buildings generating rental income and asset appreciation.
3. Property Management: AVR manages all aspects of its portfolio including property management, leasing, and development services.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

AVR Realty Company is a vertically integrated real estate development, investment, and management firm that owns and operates a national portfolio spanning 20 states and over 70 cities. Core offerings include retail properties (over three million square feet of open-air retail anchored by grocers and discount retailers), Class-A multifamily housing (over 2,000 units along the eastern seaboard), hotels franchised under Hilton brands (Embassy Suites, Hilton Garden Inn, Hampton Inn, Homewood Suites), and ground-up development projects including the 322-acre master-planned Boulevard community in Brookhaven, NY.

Product overview

AVR Realty Company is a vertically integrated real estate development, investment, and management firm with a 70-year history. The company operates across four main property types: (1) Retail Properties Portfolio - over 3 million square feet of open-air retail including the Forum at Olympia Parkway and Columbus Park Crossing; (2) Multifamily Residential Portfolio - over 2,000 Class-A units including Brio, Grand Oaks, Atlantic at Parkridge, and Riviera at Seaside; (3) Hospitality Portfolio - hotels branded under Embassy Suites, Hilton Garden Inn, Hampton Inn, and Homewood Suites; and (4) Development Projects - including The Boulevard master-planned community in Brookhaven, NY. The company manages all aspects including property management, leasing, and development for its portfolio spanning 20 states and over 70 cities.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Properties Portfolio Over three million square feet of open-air retail properties located in densely populated areas, anchored by grocers and leading discount retailers, including the Forum at Olympia Parkway in San Antonio, TX and Columbus Park Crossing in Georgia. The portfolio spans 20 states and includes grocery-anchored neighborhood centers, power centers, and outparcel locations.
• Multifamily Residential Portfolio Over 2,000 units of Class-A multifamily housing located along the eastern seaboard, including Brio in Yaphank, NY (295 units), Grand Oaks in South Carolina (316 units), Atlantic at Parkridge in South Carolina (298 units), and Riviera at Seaside Farms. Communities feature carriage homes, mid-rise units, and townhomes with resort-style amenities.
• Hospitality Portfolio Hotels throughout the United States operating under Hilton franchise brands including Embassy Suites, Hilton Garden Inn, Hampton Inn, and Homewood Suites, with properties in Texas, Louisiana, Florida, and other states. The portfolio includes extended-stay, full-service, and select-service hotels.
• Development Projects Ground-up development including The Boulevard in Brookhaven, NY, a master-planned 322-acre mixed-use community with retail, residential, and healthcare components. AVR has built over 100 projects comprising 20 million square feet over its 70-year history.

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• Hilton (Homewood Suites)coreChannel Partner/ Reseller/ Distributor · 1 January 1980AVR obtained five franchises to build the first Homewood Suites hotels by Hilton in Florida, Georgia and Washington in 1980. These innovative hotels had apartment-style suites with kitchens designed for extended stays. AVR pioneered the Homewood Suites brand by obtaining the initial five franchises from Hilton.
• Hilton (Hilton Garden Inn, Embassy Suites, Hampton Inn)coreChannel Partner/ Reseller/ DistributorAVR operates multiple Hilton-branded hotels including Hilton Garden Inn properties in Lubbock, Las Colinas, and Bossier; Embassy Suites in Destin and Fort Worth; and Hampton Inn Las Colinas. Franchise partnerships provide brand recognition and reservation systems.
• Northwell HealthcoreStrategic or Co-development PartnerNorthwell Health is an anchor tenant at multiple AVR retail properties including Calvert Manor (newly constructed 30,570 sf facility) and The Shoppes at The Boulevard (45,000 sf medical office complex). Northwell generates strong demand for neighboring retailers.
• Howard JohnsonminorChannel Partner/ Reseller/ DistributorAVR entered the hotel business in 1966 with Howard Johnson's. Built over 30 HoJo's in New York, New Jersey, Virginia, Florida and Maryland. By 1990, AVR owned 50 HoJos. This was an earlier franchise partnership.
• Waldbaum'sminorChannel Partner/ Reseller/ DistributorStarting in 1970, AVR built over 30 Waldbaum's grocery stores in Long Island and Westchester, serving Jewish communities. This was a major anchor tenant relationship for AVR's shopping centers.
• Verizon CommunicationscoreOthersAVR purchased the 51.2-acre, 500,000 square foot Verizon corporate campus in Las Colinas, Irving, TX in 2018. Verizon has occupied the campus as its regional headquarters since the late 1990s under a long-term lease.
• NBCUniversal Telemundo EnterprisescoreOthersAVR acquired the 476,000 SF Telemundo headquarters in Miami, FL in 2018. This 500,000 sq ft facility serves as NBCUniversal Telemundo Enterprises' global headquarters with 100,000 sq ft of executive offices and 15 production studios.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Kimco Realty: Kimco Realty is a publicly traded open-air retail center REIT that owns grocery-anchored shopping centers across the U.S., directly comparable to AVR's 3M+ sq ft retail portfolio including Forum at Olympia Parkway.
• Regency Centers: Regency Centers is a national grocery-anchored retail REIT with a focus on densely populated trade areas, mirroring AVR's open-air retail strategy and tenant mix of grocers and discount retailers.
• AvalonBay Communities: AvalonBay is a Class-A multifamily REIT concentrated on the eastern seaboard, directly comparable to AVR's 2,000+ unit portfolio of high-end multifamily housing.
• Equity Residential: Equity Residential is a Class-A multifamily REIT focused on urban gateway markets and coastal U.S. locations, comparable to AVR's Class-A multifamily positioning on the eastern seaboard.
• The Related Companies: Related Companies is a large privately held real estate developer with mixed-use, affordable, and market-rate housing, plus commercial—comparable in scale and diversification to AVR's portfolio.
• Vornado Realty Trust: Vornado is a publicly traded REIT focused on office and high-street retail in New York City, comparable to AVR's history of trophy New York office acquisitions including 5 Times Square and the Brill Building.
• Simon Property Group: Simon is the largest U.S. retail REIT operating malls and open-air centers with national anchor tenants like Target, Home Depot, and Kohl's—comparable to AVR's anchor-tenant retail model.
• Brookfield Property Partners: Brookfield Property Partners is a diversified global real estate owner and operator with retail, multifamily, office, and hospitality exposure—comparable to AVR's multi-asset vertically integrated strategy.

Direct peers

• Howard Hughes Holdings: Howard Hughes Holdings develops and operates large-scale master-planned communities such as The Woodlands, Ward Village, and Bridgeland—directly comparable to AVR's Boulevard master-planned community in Brookhaven, NY.
• The Lightstone Group: Lightstone is a privately held, vertically integrated real estate developer and investor operating across multifamily, hospitality, and commercial—closely mirroring AVR's private, founder-led, multi-asset model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/avr-realty-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 AVR