Francine Kellman is a career housing professional and is the co-principal and co-founder of K&R Preservation.
Ms. Kellman and K&R Preservation co-principal Brian Raddock have a 14-year track record of working together to acquire and rehabilitate 4,000 units of affordable housing 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 Apartments in Mount Vernon, Governor Clinton Apartments in Kingston, 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.
In late 2014, Ms. Kellman played a pivotal role in the historic, industry-altering decision by the New York City Housing Authority to privatize ownership and management of City-owned housing projects.
After spending 14 years at the U.S. Department of Housing and Urban Development, Ms. Kellman worked for nine years at the New York State Housing Finance Agency. As Vice President of Housing Policy and Coordination at HFA, she created and launched the agency’s first housing preservation program, refinancing and renovating more than 5,000 units of low-income housing.
In 2009, as the director of the New York office of Seattle-based Pacific Housing Advisors (now known as Vitus Group), Ms. Kellman, together with Mr. Raddock, acquired Lexington Courts, a 229-unit, nine-building apartment complex in East Harlem. The complex was completely renovated by Ms. Kellman’s former firm and will be preserved as affordable housing for at least 40 years.