AVE is a brand of Korman Communities, a fourth-generation, family-owned-and-operated real estate company.

The Korman family pioneered the corporate housing industry in the 1960s and have been innovating the hospitality approach to residential real estate for decades.

Generation four


AVE doubles its portfolio of communities.


The brand celebrates the Grand Opening of AVE Florham Park in New Jersey, the most state-of-the-art rental community on the East Coast boasting over 65,000 square feet of indoor and outdoor amenity space. They expand their portfolio of communities in the Greater Philadelphia Area and acquire a second property in the East Bay Area of San Francisco, AVE Walnut Creek.


AVE becomes bicoastal with the acquisition of AVE Emeryville in the East Bay Area of San Francisco.


AVE Florham Park opens and becomes the new standard for luxury and service in the region.


Korman Communities acquires the Benjamin Franklin Hotel in Center City Philadelphia. Due to its historical significance, it operates as "The Franklin Residences."


Now CEO, Larry Korman announces Korman Communities three exciting residential brands

  • aka, a portfolio of urban, luxury extended-stay hotel residences in metro areas
  • AVE, a collection of suburban, mid-rise and garden-style communities offering furnished suites and apartments
  • ARK, the original portfolio of garden-style apartment communities in Philadelphia

Generation three


Korman Communities develop and acquire properties in New York City, New Jersey, and Delaware.
2000-AKA_WS-UN_S1_283.jpg     2000-clif-amen-court-(1).jpg

1990s-kc_linkedin120x72.jpg Steven and his sons Larry and Brad form Korman Communities with the dream of expanding outside Philadelphia.
Korman Company exits the residential business to focus on its portfolio of 23 apartment properties. Steven's sons Larry and Brad join the family business. 1980s-levick-st.jpg
Larry introduces the idea of marketing all furnished apartments as KormanSuites. 1980s-History3-Steve-ARK-BlueBell-Landscaping.jpg
Korman pioneers a hospitality approach to apartment living, offering both furnished and apartment residents amenities such as pools, weekday club breakfast, housekeeping service, and social events. 1980s-KorMal05.jpg

In 1964, Steven pioneers furnished apartments with flexible leases at The Plaza in Center City Philadelphia.

He begins implementing this program at all Korman properties. He also introduces features like washers and dryers and wall-to-wall carpeting, which are apartment standards today.

Generation two


Now Korman Company, Hyman and his sons develop Neshaminy Mall, the largest single-story, indoor-enclosed mall in the Northeast. Hyman's grandson Steven joins the family business.
Neshaminy Mall - photo from 1963


Hyman launches Frankford Supply, a building materials company, to ensure easy access to quality materials.
1960 photo of hyman korman inc truck

Apartment Center HKI begins development on its first apartment complex, Apartment Center.

HKI builds its first apartment development, Leiper Street Apartments.

Generation one


Hyman and Alfred form separate companies. Hyman's sons Max and Sam join the business, and they become Hyman Korman Inc.

They build single-family homes, twin homes, row homes, and community developments with homes, apartments, and stores. By 1934, the company builds more than 500 homes, which was a very sizable percentage of the total homes in all Philadelphia.


Hyman Korman starts his homebuilding business in Northeast Philadelphia.


In 1919, Hyman completed his first single-family homes, building one or two at a time, gradually developing the land he owned near Lawndale. A year later, he left his job at the clothing factory to pursue his dream full-time. Later in 1921 and in 1922, Hyman built his first Northeast twin homes.


The initial leg of Roosevelt Boulevard from Broad Street in Philadelphia was opened to traffic right through Hamilton Farm.

By 1916, the boulevard from Broad Street was extended all the way to Pennypack Circle, a 7.5 mile stretch. Hyman foresees the expansion and development of Philadelphia. He purchases Hamilton Farm from his in-laws.


Hyman and his wife, Yetta, move to the Philadelphia area to Hamilton Farm, which is owned by her parents. Hyman works in Center City as a tailor in the garment industry.

He rents an apartment where he resides during the week and spends his weekends on the farm with his family. Yetta supplements the family income by taking boarders.


Hyman emigrates to America.


Hyman Korman spends his teenage years working alongside his uncles – successful railway builders in Eastern Europe.

To expedite the construction of the railway across Russia, they provide temporary housing for their workers – log cabins that were easily disassembled and reassembled as they traveled across the country.

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