THE KAPLAN STORY
Formed in 1978, Kaplan Management Co., Inc. began offering fee management services for owners of multi-family properties, shopping centers and office buildings. In, 1984, the Kaplan management portfolio began to grow dramatically and by 1986, the company was fee managing 12,000 multi-family units and 2,500,000 square feet of office and commercial space. In addition to management, construction/renovation services were also offered to clients. During that period, clients included John Hancock Properties, RTC, Southwest plan, numerous savings and loans, commercial banks as well as several large and small independent owners.
In an effort to capitalize on the real estate opportunities, Kaplan decided to focus primarily on fee management of multi-family properties while becoming more aggressive in the development of multi-family projects as well as acquisition of existing multi-family communities. Commencing in the 1990s, Kaplan became a principal investor in multi-family residential properties and quickly began to focus additionally on existing property acquisitions consisting of both core and value-add communities. Joint venture equity partners during the company's expansion included GE, Torreon (Fortress) and South Charles (Bank of America's JV equity arm). Starting in late 2004, when economics favored development versus acquisitions, Kaplan resumed ground up development in the Sun Belt states with high net worth partners and institutions such as Westplan and Cypress Realty.
Our excellent reputation, with both clients and employees, has afforded us the ability to attract the best experienced and knowledgeable people in our industry. As a result, the company has and continues to enjoy great success, having been among the 25 largest management companies in Houston, Texas translating to an expanded management portfolio with clients such as CW Capital, Berkshire, JE Robert, CIII as well as individual owners.
At the core, the Kaplan Family of Companies - Kaplan Management Company, Kaplan Construction Group, Kaplan Development and Kaplan Acquisitions - are operators, owners, and developers of multi-family properties. Kaplan has managed, owned, renovated and developed multi-family projects in Alabama, Arizona, Arkansas, Florida, Georgia, Illinois, Kentucky, Louisiana, Mississippi, Nevada, New Mexico, North Carolina, Oregon, South Carolina, Texas, Utah and Washington. We have developed or renovated over 20,000 units and continue to remain a significant presence in the markets where we operate.