HISTORY OF K & R PRESERVATION

K&R Preservation is owned and operated by its CEO, Brian Raddock. Mr. Raddock has a 20-year track record to acquire and rehabilitate almost 5,000 units in the Tri-State region so far.

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 recently completed the acquisition and rehabilitation of the Governor Clinton senior housing apartments in upstate Kingston, NY, and 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.

The K&R portfolio also includes Oakwood Gardens Apartments in Mount Vernon, NY, Surrey Carlton Apartments in Spring Valley, NY, 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.

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