K&R Preservation

PRESERVING AFFORDABLE
HOUSING IN AT-RISK MARKETS
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K&R Preservation

HISTORY OF K & R PRESERVATION

K&R Preservation K&R Preservation was founded by Francine Kellman and CEO Brian Raddock. Together, both principals acquired and rehabilitated almost 5,000 multi-family apartment units in the Tri-State region. Today, Mr. Raddock owns and operates K&R Preservation, following Ms. Kellman’s passing in 2023.

K&R Preservation

History of K&R Preservation

Ms. Kellman and Mr. Raddock were key players, in late 2014, in the historic, industry-altering decision by the New York City Housing Authority to privatize ownership and management of City-owned housing projects.

In 2017, K & R Preservation achieved self-sustaining capitalization, thereby eliminating the need for third-party private capital while simultaneously expanding their operational profile.

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