About Arka properties Group

ARKA Properties Group, Inc. (“ARKA”) is a private, family-owned and operated real estate investment company with over 50 years experience. ARKA was created in 1988 as a spin-off from the family’s original company, KB Management Co., co-founded in 1955 by the late Arthur and Rosalie Kaplan. ARKA specializes in industrial and commercial single tenant, net-leased investments. However, the portfolio is diversified (and risk is mitigated) through its numerous multi-tenant buildings and multi-family units (government contracted affordable housing) in 17 states. Currently, the ARKA portfolio contains over 14 million square feet of industrial, commercial, and retail space, nationwide, and over 2,000 units of affordable housing (all in California).


ARKA acquires properties through its various partnerships and limited liability companies and, in substantially all of its investments holds at least a 50% interest and maintains management of the asset. Today, ARKA is comprised of Steven L. Kaplan, Michael B. Kaplan, and Bonnie L. (Kaplan) Fein (the children of Arthur and Rose). Since 1978, Steven, Michael, and Bonnie’s partnership – K Associates – has actively overseen the management and operation of the ARKA portfolio. In 2011, Anthony Fein (Bonnie’s son) joined the company as a Senior Asset Manager, representing the third generation of this family enterprise.

K Associates’ long-term experience and collective knowledge operate to manage each individual asset to its fullest potential and profitability to ensure the success of the entire portfolio. In order to make management decisions more efficient, K Associates relies on the following formula allowing us to respond quickly to both brokers and managers: three partners to purchase, two partners to sell and one partner to make a management decision.

The general philosophy of ARKA is long-term ownership of its assets through tenant retention and maintaining property value. The result of which means little or no leverage and/or a low, loan-to-value ratio on the majority of the portfolio.


Although ARKA’s roots were originally in development, in the last 40 years the family has focused on leased investments. This development background has permitted ARKA to deal with special requirements of its tenants’ growth. In many cases as a tenant’s business grows, so too does its need for additional space; rather than risk the loss of a good tenant, ARKA has, on numerous occasions, seized the opportunity to develop additional space and/or acquire new property to cater to its tenants and ensure the long-term stability of its portfolio.

Management Philosophy

The ARKA management philosophy is simple – one person, or one management company, does not do everything well when dealing with properties owned on a nationwide scale. That is why ARKA employs third-party management firms, in the day-to-day operations of managing properties in various states. ARKA’s in-house Asset Managers regularly interface with its outside property managers in order to ensure each property receives ongoing attention and from a variety of vantage points. ARKA also maintains long-term relationships for collaborative efforts with specialized consultants and professionals in environmental engineering, construction management, insurance and local general counsel in California, Utah, Texas, Ohio, as well as other states.