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.