What R.p.k. Development Corporation does

R.p.k. Development Corporation, doing business as the Korda Group and legally Korda Construction Company, is a family-owned California real estate management and development company founded in 1959 and headquartered at 2566 Overland Avenue in Los Angeles. The company manages a diversified portfolio spanning four property categories: luxury multifamily apartment communities offering resort-level amenities (rooftop pools, outdoor movie theaters, fully equipped gyms); independent senior living communities for residents 55 and older across Southern California; LIHTC and Bond affordable housing communities nationally recognized for management quality; and 550,000 square feet of office and retail commercial space spanning Ventura to San Bernardino Counties.

Operations are centralized under the Korda family with 51-100 employees and run through the RentCafe platform from Yardi Systems, which powers property listings, online leasing, resident and applicant portals, and vendor management. Go-to-market is direct-to-consumer property leasing via on-site management and maintenance teams, supplemented by the company website's searchable listings and self-service portals.

The revenue model is recurring monthly rental income from residential and commercial tenants across the four segments, with rents varying by property, unit type, and market; affordable units are gated by LIHTC/Bond qualification criteria. Pricing is not publicly disclosed. Geographic reach is regional, concentrated in California with additional Western United States presence, and there is no evidence of institutional investment, public listing, or disclosed financial scale.

Name

R.p.k. Development Corporation

Legal name

Korda Construction Company

Website

https://rpkdevelopment.com

Company type

Private

Founded year

1959

Operating status

Operating

Headcount range

51–100 employees

Short description

R.p.k. Development Corporation (Korda Group) is a family-owned California real estate manager founded in 1959 that operates luxury apartments, senior 55+ communities, LIHTC/Bond affordable housing, and 550,000 sq ft of commercial space across California and the Western United States.

Ownership category

akta.pro rank

Product category

Residential and Commercial Property Management

NAICS

Real Estate Property Managers (53131), Residential Property Managers (531311), Lessors of Real Estate (5311)

SIC

Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industry

Senior Living Property Management (BPAJAGAI)

Keywords

• Residential property management
• Luxury apartment rentals
• Senior independent living
• Affordable housing management
• Commercial real estate leasing

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Residential Rental Income: Monthly rental revenue from luxury apartment communities, senior living communities (55+), and LIHTC/Bond affordable housing properties across California and the Western United States.
2. Commercial Property Rental Income: Monthly rental revenue from 550,000 square feet of office and retail space across California, ranging from Ventura to San Bernardino Counties.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

R.p.k. Development Corporation (operating as the Korda Group) owns, leases, and manages a diversified California real estate portfolio: luxury multifamily apartments with resort-level amenities, senior independent living communities for residents 55 and older, LIHTC and Bond affordable housing communities, and 550,000 square feet of office and retail commercial space spanning Ventura to San Bernardino Counties. The company provides full-service property management including on-site leasing, maintenance, and resident services across all segments.

Product overview

The Korda Group operates a diversified real estate portfolio management platform comprising four distinct property categories: Luxury Apartments/Multifamily Communities offering resort-level amenities in California; Commercial Properties including 550,000 square feet of office and retail space across Ventura to San Bernardino Counties; Senior Communities providing independent living for residents 55 and older in Southern California; and Affordable Communities consisting of LIHTC and Bond properties. The company, family-owned since 1959, provides property management services across California and the Western United States.

Differentiator

Problem solved

Functional benefit

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• AvalonBay Communities: Large national multifamily REIT with significant California exposure. Competes for the same luxury apartment renter demographic that anchors RPK's multifamily segment.
• Equity Residential: Large multifamily REIT focused on urban gateway markets including Los Angeles and San Francisco. Direct overlap with RPK's luxury apartment portfolio in core California metros.
• UDR, Inc. National multifamily REIT with West Coast urban and suburban communities. Competes for the same luxury and Class A apartment residents across California's major metros.
• Camden Property Trust: Multifamily REIT operating Class A apartment communities across the US. Comparable multifamily segment overlap, though less concentrated in California.
• Essex Property Trust: Public multifamily REIT with a portfolio concentrated on California and the West Coast. Overlaps directly with RPK's multifamily segment but at much larger scale and with permanent institutional capital.
• Apartment Income REIT (AIR Communities): Multifamily REIT operating Class A apartment communities nationwide including California. Comparable luxury apartment positioning and resident demographic.
• The Irvine Company: Privately-held, large-scale California real estate operator with multifamily, office, and retail. Comparable product mix (residential + commercial) and California-centric geography, though at substantially greater scale.

Direct peers

• Holiday Retirement: Senior independent living operator. Comparable to RPK's 55+ senior communities segment — both target independent seniors seeking amenitized residential environments without skilled nursing.
• Sares-Regis Group: California-focused multifamily and commercial property owner/operator. Most directly comparable in geography and operating model — private, vertically integrated, manages a mix of market-rate and affordable housing across California and the Western US.
• WSH Management: Southern California-based property management company serving multifamily, affordable, and senior housing. Closely comparable operating model and segment mix to RPK's residential portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/the-korda-group-rpk-development

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 R.p.k. Development Corporation