Mr. James Korman
James has been running his family office after a planned disposition of many of the family’s real estate holdings between 2017-2019, As a fiduciary for family trusts that he serves, James sought current and best practice for his family. As a charter member of Drexel University’s Real Estate Management and Development Board, James has been helping shape curriculum for tomorrow’s industry leaders. James has been a guest lecturer for the Wharton School at the University of Pennsylvania and has been referred to as an industry visionary for his lifestyle initiatives designed to convert the enormous pool of home buyers into renters by choice. His vision extended well beyond his competitors and captured a previously untapped larger market. These innovations coupled with John Korman’s timely recapitalizations and refinancing s resulted in over $500 million in realized value. James Korman served as President of the Apartment Association of Philadelphia as well as President of the Pennsylvania Apartment Association where he created the Renter’s Bill of Rights, which was presented to Legislators in the State Capital. As a highly ranked tennis player James graduated from the University of Delaware where he captained the men’s tennis team. Sports have been the platform in which James became accustomed to competing and winning. His love of sports led him to charitable endeavors with professional sports organizations like the Philadelphia Eagles and Philadelphia Union Soccer team where James is the Chairman of the Nominating Committee and The Grants Committee. He utilizes the influence of professional athletes’ celebrity status to help positively impact underserved children. In 2017, the Korman family celebrated its 100-year anniversary in business in the United States. That same year, Korman acquired 3737 Chestnut, a 276 unit luxury glass high-rise tower on the campus of the University of Pennsylvania in a joint venture with the Carlyle Group. The Korman family has been acquiring opportunistic properties and portfolios and find the Class A, low risk real estate with consistent cash flow are a great asset for their family trusts. In August of 2021 The Korman Family acquired The Pepper Building (formerly Graduate Hospital) located in the Central Business District in Philadelphia Pennsylvania. The 184 unit Pepper Building is an iconic high-rise that was converted to luxury apartments.