Shahab S. Karmely
KAR Properties
ABOUT KAR PROPERTIES
Led by founder and CEO, Mr. Shahab S. Karmely, New York-based KAR Properties is a real estate investment and development firm with more than 40 years of international real estate experience spanning the U.S., Southeast Asia, and Europe. KAR Properties has successfully acquired, repositioned, and monetized more than 3 million square feet of office, luxury mixed-use, and industrial space.
KAR Properties currently oversees the management of a core portfolio of assets and a development pipeline in excess of 5 million square feet. With acquisitions and investments exceeding $300 million, KAR has cemented its presence in South Florida’s most sought-after neighborhoods. The firm continues to shape the region’s luxury landscape with transformative projects, including the highly anticipated Faena Residences Miami, redefining waterfront living with unparalleled design and exclusivity.
