In the last 24 months, we’ve bought three buildings in East Orange, New Jersey. Why? We do it because we believe that an effective real estate operating company is more than a collection of individual assets. We know that we can achieve better operational efficiency and pricing from service providers and vendors when we buy more buildings in the same community. Most people don’t pay attention to all of the wasted time that is spent by driving...
We purchased this National Register of Historic Places listed asset from the REO department of a bank with whom we had a preexisting relationship. We closed on the transaction in the 1st quarter of 2011. To read more about the history of the building, view this document from the National Park Service or this article from the New York Times. A leasing video may also be viewed here...
We found this investment through a special servicer and we agreed to buy the distressed note from the lender and finish the foreclosure process. We had to overcome a number of challenges in this transaction. Key issues were: A leaking underground storage tank that needed to be removed A second mortgage that had been put in place without the lender’s permission Missing leases for the majority of the tenants Outstanding violations that were years...
We prove every day that affordable housing
can be safe, comfortable, clean, energy efficient, and maintained to a high standard.KEC Properties is an owner and manager of apartment communities in New Jersey. We were started in 2009 with the mission of providing safe and affordable housing to lower and middle income families in dense urban areas.
Learn MoreWe seek properties that fall with the following general range of investment criteria:
If you have opportunities that you would like to present to us, please contact us at investments@kecproperties.com.
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