• Korman Communities restored the exquisite lobby of the Franklin Residences in 2012. This historic building located in Center City, Philadelphia first opened in 1925. It was designed by Horace Trumbauer, architect of the Philadelphia Museum of Art.

  • AVE Downingtown is one of two AVE garden-style communities in prestigious Chester County, Pennsylvania. Its luxury residences encircle a resort-style pool with waterfall fountains highlighting a pool-side cabana with LED mood lighting.

  • AKA embodies a minimalist spirit of pure space, elegance, and sophistication. The award-winning architecture of AKA Virginia Square was designed and built by William Hezmalhalch Architects in 2006. 

  • ARK Blue Bell in Pennsylvania, which features garden-style apartments and townhouses, was among the original portfolio of properties that became Korman Communities in 1995. ARK Blue Bell, as a Korman Suite, was one of the first properties in the Greater Philadelphia Area to offer fully furnished apartments with flexible leases.

  • AVE Union is the brand’s newest and flagship community. The New Jersey communities, located in Union, Clifton and Somerset, feature unparalleled business-class and resort-style amenities, including conference rooms, business centers, movie theaters, cafes, pools, tranquility gardens and fitness centers.

  • AKA became a national and international brand in 2012 with the opening of AKA Beverly Hills and AKA West End in London.

  • Between 2009 and 2013, AKA partnered with well-respected architects and designers like studio IntraMuros, Meyer Davis Studio and Edward Asfour to create four special spaces for its residents, including a.lounge at AKA Sutton Place.

AKA Washington Square at The Franklin by Korman Communities is a product of four generations of Korman innovation, leadership, passion and hard work. Built on a sound foundation of family values laid a century ago, Korman Communities today represents creativity, integrity, market savvy, and proven performance in the real estate and investment arenas. Throughout its history, Korman family members have built more than 30,000 single-family homes, 10,000 apartments and 2 million square feet of retail and office space.

In the 1960s, Steven Korman pioneered the furnished apartment industry in the United States at the Plaza in Philadelphia. After realizing there were a whole segment of people that weren't being served, those between the daily hotel stay and the annual apartment lease, Steven furnished some of its pie-shaped apartments and began offering flexible leases.

The Kormans continued to break barriers in the industry, enhancing the furnished apartment concept in the 1970s and 1980s at its 23 apartment communities, known as Korman Suites, in the Philadelphia area, offering unparalleled amenities, packages and housekeeping. Features that are considered apartment standards today, such as washers and dryers and wall-to-wall carpeting were innovations championed by Steven Korman in the 1970s.

Korman Communities Inc., with Larry and Brad Korman as co-CEOs, emerged as a stand-alone company in 1995 and continued to evolve the Korman Suites concept, expanding into Delaware, Virginia, North Carolina, and Georgia – resulting in the ARK and AVE brand concepts. In 2005, recognizing an unmet need in major cities for luxury extended stay apartments with hotel services, Korman created a new brand, AKA, with the purchase, renovation, and repositioning of eight high-rise properties in coveted urban areas, including four in midtown Manhattan.

Today, Korman Communities is a fully integrated real estate company with development and management capabilities operating throughout the Mid-Atlantic region, Beverly Hills, and London with a portfolio valuation in excess of $1.5 billion. The portfolio is comprised of more than 7,000 apartments and furnished suites in buildings, ranging from suburban garden-style and mid-rise communities to urban high-rise buildings, all operating under three exciting and innovative residential multi-family brands: AKA, AVE, and ARK.