Speedway, Indiana-based KennMar is expanding its property management team and services.
Kristy Carter, Execuive Vice President Asset Management, joined the firm in early 2022 with a focus on enhancing the company’s property management capabilities and offering new services such as third-party management and receivership.
Carter recently earned the AMO® (Accredited Management Organization) accreditation from IREM and joins an exclusive group of over 500 real estate management companies world-wide that have met the requirements to earn this distinction.
The company also hired Carrie Blastic in the role of Business Development, Property Management Services to direct the company’s entrance into multifamily property management and Pam Lucido as Senior Property Manager for the Louisville market.
KennMar’s portfolio has grown significantly over the past 18 months. In addition to its ground-up development projects, in 2022, the company purchased the Pyramids Office Park, one of the most highly visible and iconic office parks in Indianapolis. In March 2023, the company made its first acquisition in Kentucky by acquiring Fifth Third Tower, a 346,000-square-foot office tower in downtown Louisville.
In addition to increasing staff to support the properties it owns and develops, KennMar recently introduced receivership and third-party property management to its suite of services. The company’s decision to expand its capabilities in these areas is part of a broader strategy aimed at supporting an industry that is being significantly impacted by rising interest rates.
