Kaled Unveils Asset Management Division for Third-Party Stabilized Apartment Buildings on Behalf of Institutional Owners

Kaled Management Corp., owners and managers of nearly 6,500 rental apartments, co-ops and condos throughout New York City and Long Island, announced the formation of a new division to provide third-party asset and property management to institutional owners of stabilized apartment properties. The division, Kaled Residential Asset Management, will be spearheaded by Jordan Platt, the company’s Vice President of Operations.  

“We are uniquely qualified to take over the management of stabilized apartment buildings on behalf of lenders and institutions that are now holding the keys to assets that are among the most complicated and challenging to run profitably and well,” said Edward Kalikow, president of Kaled Management. “We have more than 30 years of success in this very particular niche of ownership and management – despite onerous rent laws, aging structures and equipment, and complex tenant relations. It is a tightrope walk that requires vigilance, knowledge of bricks-and-mortar as well as rules and regulations, and a hands-on approach to maintain the highest possible occupancy rates.”

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At Kaled Management, we attribute our success in the market to our fierce dedication to customer service, our stringent management standards and a unique approach to property management: we watch your dollars as if they were our own. We work harder to create better building communication, fiscal stability and physical soundness.