Raanan Katz leads RK Centers, a family-held enterprise that owns in excess of 6 million square feet of commercial property throughout Boston, greater New England, and South Florida. Raanan Katz adheres to the principle of operating with minimal debt, a core business philosophy gained over several decades in the industry. This approach reduces leverage, allowing his firm to weather sustained periods of market uncertainty.
Maintaining close working relations with tenants, customers, and local and regional entities, Mr. Katz focuses development efforts on open-air retail centers. He initially moved to the United States in 1962 as an Israeli national basketball team member, pursuing a dream of success.
He played with the Atlantic City Seagulls for a year, utilizing money earned in sports for an initial Boston real estate purchase. Over a period of 15 years, Raanan Katz expanded the enterprise to encompass more than 2,000 apartment units throughout the greater Boston area.
In 1979, Raanan Katz expanded his operations to Miami Beach, an area in which he had owned a residence since 1974. Purchasing his initial block of retail units as a hobby investment, he gradually built a substantial portfolio of South Florida properties. In 1991, he made the decision to establish a new Miami office that could manage local properties effectively.
In 1986, Mr. Katz re-established his professional relationship with basketball, becoming an original partner in the expansion Miami Heat franchise. He has served as Limited Partner since the team’s inaugural 1988 season, working to develop one of the NBA’s consistently profitable teams. Raanan Katz has earned a number of distinctions over the years, notably the 2004 Metro South Chamber of Commerce’s Economic Development Impact Award for the Brockton, Massachusetts, Middletown shopping plaza.
Recognition and Awards
During his time in and around Miami, Mr. Katz has made a point to give back to the community. He’s donated to a number of community projects including the Phyllis and Raanan Katz SportsCenter, named in honor of Mr. Katz and his wife. The center is a 10,000 sq. ft. multi-purpose space for both sports and community events. In 2006, the Mayor of Sunny Isles Beach decreed May 18 to be Raanan Katz Day in recognition of the great amount of jobs Mr. Katz has brought to and the sheer amount of giving back that Mr. Katz has done for the Sunny Isles Beach community.
For a look at more of Raanan Katz’ awards, visit the Profile Pictures and Awards Page.
Throughout Raanan Katz’ work in real estate and in his other business ventures, he has operated under four core values
Integrity – Always do what you believe is right, even when what you believe is right is not popular with the others. In the world of business people may not agree with your choices. They may say that a project is pointless or simply not worth pursuing. By pursuing the projects that speak to him and are in line with how he sees the world, Raanan Katz has found integrity to be essential to his success and his happiness.
Trust – The most important component in a relationship with a client, a tenant, or a colleague is trust. You need to be able to trust them as they must be able to trust you. Trust is not easily won, and when it is, it’s something that must be carefully maintained.
Empathy – You cannot build trust if you are not willing to see things from the other person’s point of view. Mr. Katz has made it a point to see from the eyes of others. In doing so, he believes that it helps them to see through his eyes.
Perseverance – Not every business deal will sail. Not every choice you make will be well-received by others, but you must persevere through the obstacles and the criticism to reach your fullest potential.