You'll enjoy peace of mind knowing you're covered by the Korman Commitment — four exceptional guarantees you won't find at any other apartment community.
100% Move-In Satisfaction:
When you move into a Korman Residential property, we guarantee your satisfaction. If you're not completely satisfied within the first 30 days, you may cancel your lease and we'll refund your deposit — no questions asked.
1-Day Service Guarantee:
If something needs to be fixed in your apartment, we will respond to you within 24 hours.
Relocation Guarantee:
If you need to move, we will make relocating to another Korman Residential property easy for you.
Flexible Lease Term Guarantee:
We offer flexible lease terms to fit your needs.
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John P. Korman Chief Executive Officer Mr. Korman has 29 years of real estate management, finance, construction and development experience. He has supervised the execution of over $2 billion of commercial real estate financing, acquisition and disposition transactions. Mr. Korman has successfully arranged for more than $1 billion in multi-family debt and equity. He has participated in over $700 million in multi-family acquisitions and dispositions, as well as the development of income producing and for sale housing portfolios totaling nearly $1 billion. Mr. Korman’s responsibilities include portfolio strategy, capital allocation and joint venture formation. Prior to joining Korman Residential, Mr. Korman was involved in all phases of multi-family, office, industrial, retail and extended stay hotels for a related entity, partnering with national and international corporate clients. Mr. Korman earned a Bachelor of Science degree in Economics from The Wharton School at the University of Pennsylvania. |
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James S. Korman President Mr. Korman has 22 years of multi-family real estate experience and is responsible for the operating results for all residential equity portfolios and third party management contracts. Mr. Korman has in-depth experience in repositioning properties in their respective markets while exceeding planned financial goals. Mr. Korman continues to develop talented and versatile on-site management teams who enhance property values by increasing revenues while containing operating expenses. Properties in portfolios under Mr. Korman’s management have been recognized in Pennsylvania, New Jersey, Delaware and Florida for overall excellence, curb appeal, maintenance, and marketing. These portfolios include garden, mid-rise, and high-rise buildings of all vintages. Prior to becoming President of Korman Residential, Mr. Korman worked with Corporate and Group Sales serving major national employers, and was a pioneer in the extended stay segment of the apartment industry. Mr. Korman is Past President of the Pennsylvania Apartment Association, as well as Past President of the Apartment Association of Greater Philadelphia. Mr. Korman earned a Bachelor of Arts Degree in Political Science from the University of Delaware. |
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Christian M. Troll Chief Financial Officer Mr. Troll has over 30 years of financial management experience in a number of different industries. In his current role, he is responsible for banking and treasury, joint venture partner and lender relations, financial reporting, information technology, risk management and coordinating acquisitions and dispositions. Mr. Troll is instrumental in enhancing asset profitability and cash flow through rigorous return on investment analysis. By utilizing best in class metrics, with his support staff, he measures property performance and ensures that all financial reporting is completed in an accurate and timely manner. Prior to joining Korman Residential, Mr. Troll consulted to a number of companies, including Aramark Corporation, Staples, Inc. and FMC Corporation. He was also a Practice Director for Arthur Andersen, LLP and shared co-responsibility for building their contract services and outsourcing practice. Additionally, he served as Vice President and Corporate Controller of CDI Corporation. Mr. Troll has substantial prior experience in loan negotiation, restructuring and coordinating loan workouts. He has worked closely with large, multi-national financial institutions as well as with regional and local banks and has an extensive network of banking relationships. Mr. Troll earned a Bachelor of Science degree in Public Accounting from CW Post College and a Master of Business Administration degree in Corporate Finance and Investments from Adelphi University. |
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Dawn Ewing Director, Regional Operations Ms. Ewing has 19 years of multi-family management experience with Korman Residential. In her current role she has senior operational responsibility for properties in Pennsylvania, Delaware, New Jersey and Florida. Ms. Ewing has proven experience in delivering bottom-line results while often working under challenging budgetary constraints. She interfaces with Korman Residential’s partners and institutional investors. Ms. Ewing has successfully led numerous lease-up programs and is a key member of Korman’s acquisition due diligence team. She is continually building talented and versatile on-site management teams to assume additional assignments. Ms. Ewing currently oversees portfolios that include garden, mid-rise and high-rise buildings of all vintages. Prior to joining Korman Residential, Ms. Ewing held several positions in the hotel industry. Ms. Ewing is the recipient of several industry awards including the Apartment Association of Greater Philadelphia’s prestigious Elizabeth Bee Weatherford Award in 2007. |
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Noreen Cassidy Director, Regional Operations Ms. Cassidy, in her current role, has operational responsibility for properties in Pennsylvania, New Jersey and Delaware. Ms. Cassidy has a proven track record in taking stabilized properties and maximizing their operating cash flow. She interfaces with Korman Residential’s partners and institutional investors and is also a member of Korman’s acquisition and due diligence team. Ms. Cassidy is Korman’s Real Estate Broker of Record. For the past 15 years, she has managed, mentored, and proactively developed on-site management teams, and overseen internal audit systems to benchmark performance. Ms. Cassidy earned a Bachelor of Arts degree from Penn State University. |
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Albert DeFruscio, Jr. Vice President, Construction Services Mr. DeFruscio is responsible for the physical assessment and evaluation of all managed multi-family assets and potential acquisitions. He also plays a key role in positively repositioning properties in their market. Mr. DeFruscio's experiences include managing major and minor rehabilitation projects. He develops specific programs to address property deficiencies including mechanical evaluations and sustainability initiatives- all with a high level of cost certainty. Mr. DeFruscio works effectively with key decision makers within municipalities and government agencies. Mr. DeFruscio has over 30 years of construction management experience. |
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Aaron Helfman Director, Marketing Mr. Helfman is Director of Marketing and oversees the corporate marketing and branding strategies for Korman Residential. He is responsible for maximizing rental revenues in the portfolios managed by the company. He oversees Korman Residential's 24-hour on-line leasing program with real time pricing. He utilizes metrics to measure return on investment of all advertising and marketing media. Mr. Helfman has developed, integrated and now manages Korman Residential's multi-platform search engine optimization program. He directs the company's viral marketing team. He utilizes social media outlets in order to maximize visibility of all Korman managed properties. Mr. Helfman earned a Bachelor of Arts Degree from Franklin and Marshall College as a Presidential Scholar with a double major (Cum Laude). |
