Historic Philadelphia

Focusing on its residents, as it has for
almost a century, Korman Communities
continues to refine the art of providing luxury
accommodations. From its origins as one of
Pennsylvania’s largest home builders to the
creation of KormanSuites, the nation’s first
short-term furnished apartments, this
company has ensured that every Korman
community reflects its decades of experience
and offers a new level in apartment living.
Now in its fourth generation of family
ownership, the company began in 1919; when
Hyman Korman started building homes with
hardwood floors, slate roofs, and brick-onblock
construction in northeast Philadelphia.
His son, Samuel Korman, developed planned
communities, including lease properties, then a
novel conception. In the 1960s Samuel’s son,
Steve Korman, took the company to a new
level—a hybrid of rental apartments and
hotel/hospitality properties named Korman
Communities. This concept provides a shortterm,
furnished suite as a hotel alternative,
offering twice the space and half the cost of a
standard hotel. The furnished suites, rented on
a monthly basis, are fitted with accessories for
business clients. Amenities include weekly
maid service, morning coffee service, and
resort-like services to residents of both
furnished suites and apartments.
Larry and Brad Korman, the family’s fourth
generation, have built on this strong base,
extending the company’s market reach through
nationwide property acquisitions. They acquire
the most luxurious apartment communities in
the most desirable regions, to expand Korman
Communities’ short-term, furnished-suite
program. The company’s portfolio contains over
twenty apartment communities in Philadelphia,
northeast Philadelphia, Bucks County,
Montgomery County, Chester County, and
Harrisburg. Recent additions include eleven
luxury apartment communities, entering
markets in Delaware, North Carolina and
Georgia, with prospective purchases in
Pennsylvania and New Jersey.
Quality customer service, first-rate
communities, and constant attention to detail are
key ingredients to the Korman Communities’
business approach today, as they have been from
the beginning. With core values identical to
those of their ancestors, the fourth generation
members have adopted the acronym QUEST—
quality, uniqueness, excellence, service, and
teamwork—to symbolize those principles.
“We are on a quest not only to manage the
best apartment communities in Pennsylvania
and on the East Coast, but also to make Korman
Communities part of the new American dream,”
says Larry Korman, company president. “Our
family and our company have always adopted
basic, solid values, realizing that the way we got
where we are is just as important as where we
are going. The word ‘quest’ symbolizes both the
values of our ancestors and the vision of our
current generation.”
KORMAN
COMMUNITIES
✧
Rittenhouse 222 Corporate Suites.
THE MARKETPLACE
177