Brian Raddock is the co-principal and co-founder of K&R Preservation, a sole sponsor development firm dedicated to the acquisition, rehabilitation and preservation of affordable housing.
Mr. Raddock and K&R Preservation co-principal Francine Kellman have a 14-year track record of working together to acquire and rehabilitate 4,000 units in the Tri-State region.
In New York City, the K&R Preservation portfolio includes East River Apartments in East Harlem, Albert Goodman Plaza and Trinity Apartments in The Bronx; Sinclair Houses in the Hamilton Heights section of Manhattan; and a 876-unit NYCHA Portfolio scattered throughout the Bronx, Brooklyn and Manhattan, the 324-unit Leggett Avenue Property in Brooklyn.
K&R Preservation completed the acquisition and rehabilitation of the City-supervised Mitchell-Lama development North Shore Plaza, formerly known as the Arlington Terrace apartments, a multifamily complex consisting of four 13-story elevator towers and four walk-up townhouse apartment buildings in the Mariners Harbor section of Staten Island.
In Upstate New York, the K & R portfolio includes Oakwood Gardens in Mount Vernon, Surrey Carlton Apartments in Spring Valley, and a portfolio of 584 senior housing units in four buildings located in the Capital Region. In New Jersey, the firm owns Oakwood Towers, a 236-unit senior living complex in Essex County.
Mr. Raddock was a key player, 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 2009, as the director of the New York office of Seattle-based Pacific Housing Advisors (now known as Vitus Group), Mr. Raddock, together with Ms. Kellman, acquired Lexington Courts, a 229-unit, nine-building apartment complex in East Harlem. The complex was completely renovated and will be preserved as affordable housing for at least 40 years.
Mr. Raddock and Ms. Kellman also acquired and renovated Morris Heights Mews, a 110-unit rental building in the Bronx, again completing an extensive rehabilitation program while preserving the property as affordable for low-income families.
He formerly held the position as an analyst with Centerline Capital Group.