Korman Communities
(SHK Management, AKA Hotels, AKA Residences, AKA)
https://korman.com/
580 West Germantown Pike Suite 200 Plymouth Meeting, PA 19462
Korman Communities NYC portfolio
$186.9 million -hotel 100%; Manhattan 100%*
1013th largest portfolio by dollar value
424,244 sqft – hotel 100%; Manhattan 100%
944th largest by SF
3 properties – Manhattan 100%
2702th largest
322 residential units – Manhattan 100%
819th largest by residential units
Company Activity past 24 months:
Seller company: 1 for $39.8 million
Top Ten Associated Companies:
Capital One (2), Capstone Equities (1), Republic Investment Company (1), MF1 Capital (1)
Top Ten Associated People:
Stephen Klufas (2), Avi Kollenscher (1), Jonathan Pfeil (1)
Recent activity as company:
• Vanbarton Group and Korman Communities sold 85 West Broadway and 85 West Broadway, Financial District, Manhattan for $39.8 million to Capstone Equities and Republic Investment Company on August 01, 2025.
• Korman Communities borrowed $48 million from MF1 Capital for 334 East 56 Street on April 25, 2023.
• Korman Communities borrowed $37.7 million from Capital One for 131 West 44 Street on April 07, 2023.
• Korman Communities borrowed $54.8 million from Capital One for 48 West 58 Street on April 07, 2023.
Latest Stories:
• Capstone, Republic Investment pay $39.8M to Vanbarton for Tribeca hotel (August 07, 2025)
• Korman signs $48M refi loan with MF1 Capital for AKA Sutton Place hotel (May 04, 2023)
• Korman Communities refis two hotels in Midtown West with $92.5M (April 20, 2023)
• Vanbarton Group signs $38.2M refi with CIBC in Tribeca (September 02, 2021)
Properties: