Wednesday, September 7, 2011

Raanan Katz and RK Associates Support the Alzheimer's Association Massachusetts and New Hampshire Chapter!

Photo of an onlooking Raanan Katz
Raanan Katz
Raanan Katz supports Reach the Beach Runner's www.rtbrelay.com with a donation to team "The Hill Baggers". Race details are below.

The Basics
The Reach the Beach (RTB) Running Relay Race is one of the longest distance running relay races in the United States. The RTB Relay will take place in picturesque New Hampshire during the start of the New England foliage season. The relay will consist of (a maximum of ) 12 person teams that will rotate through 36 transition areas as they cover the approximate 200 mile distance of the race. This means that each relay team member will run 3 legs of varying lengths and difficulty and will cover an average total distance of ~16.6 miles. There will also be an Ultra Distance division that will have a team limit of 6 members. In this case, the average distance covered per Ultra Distance Team runner would be ~ 33 miles. The runners will rotate in a set order once the race begins and will be obligated to follow this rotation until the final runner Reaches the Beach!
Date
Friday & Saturday, September 16-17, 2011
Start: Cannon Mountain, Franconia, NH
Finish: Hampton Beach State Park, Hampton Beach, NH
Time
Friday September 16, 2011; from 7:30 AM to 4:30 PM. Teams start in "waves" every 15-30 minutes. The event will conclude by 9:00 PM on Saturday Saturday September 17, 2011. All teams must have completed the race by this time. All teams are expected to be able to run the event at an average pace of approximately 10 minutes per mile.


Wednesday, August 3, 2011

Tuesday, July 26, 2011

Biography: Raanan Katz, President – R.K. Associates

Raanan Katz and wife Phyllis
Raanan & Phyllis Katz
Biography: Raanan Katz, President – R.K. Associates
Raanan Katz first arrived in the United States in 1962 with the dream of becoming a member of the National Basketball Association. Mr. Katz had earned a reputation as an excellent outside shooter as a member of the Israel national team. As a result, he was invited to the Boston Celtics training camp. Raanan Katz ultimately recognized his dream. However, his story is one that he could not have possibly imagined at the outset of his journey.
After playing for a year with the Sea Gulls (the team that played against the World Famous Harlem Globetrotters), Raanan Katz settled in the Boston area. With the money that he earned from playing basketball, he purchased a small apartment building. He quickly learned the importance of operating conservatively and properly maintaining his property. During the next 15 years, he amassed over 2,000 apartment units in the Greater Boston area.
By 1979, Mr. Katz decided to alter his investment strategy from residential to commercial property. After acquiring three retail properties in Greater Boston, Mr. Katz purchased a block of stores in Miami Beach in 1984. He called this his “hobby” property due to the fact that it was acquired during a vacation in Miami (where he has owned a residence since 1974) and it was relatively easy to manage.
His Florida holdings evolved from a so-called hobby to a full-scale development operation as he continued to acquire properties throughout Miami Beach during the late 1980’s. This led to the opening of a Miami office (in addition to the existing Boston office) in 1991.
Today, Mr. Katz owns over 6 million square feet of commercial space in Florida, Massachusetts, Rhode Island, New Hampshire and Connecticut. He continues to adhere to the principles which he has learned first-hand over the years. Although it may place restraints on future growth, Mr. Katz insists on operating with a minimal amount of debt. This conservation approach enables him to reduce his leverage and sustain periodic declines in the real estate market.
Furthermore, Mr. Katz continually invests his own personal funds towards the maintenance and beautification of his properties. His vision provides for the long term viability of his holdings due to his constant attention to detail in the management of his properties.
As for the National Basketball Association, Raanan Katz’s unyielding passion for basketball was finally fulfilled when he became an original partner of the Miami Heat when the team was approved as an expansion franchise in 1986. Since the team’s inaugural season in 1988, Raanan has been a fixture at courtside at the Miami Heat games.

Monday, July 25, 2011

Who is Raanan Katz and RK Associates

Raanan Katz is the founder and principal owner of RK Associates, a privately held, family-owned real estate development company which currently owns over 6,000,000 square feet of retail space and 100,000 square feet of office space in New England and South Florida. Since entering the real estate development arena in the 1970s, his "hands-on" approach and conservative borrowing practices have resulted in a portfolio of first-class properties with an extremely low debt structure, resulting in R.K. Associates being one of the more stable shopping center operato rs in the industry.
Raanan Katz first arrived in the United States in his early twenties with a reputation as an excellent outside shooter on the Israeli National Basketball Team, and was invited to join the Boston Celtics training camp. Celtics Head Coach, Red Auerbach recommended Raanan Katz to play for the U.S. All Stars, the sparring team for the Harlem Globetrotters. After leaving the All Stars, he settled in Boston, Massachusetts and purchased a small apartment building with the money he earned. During the next several years he amassed over 2000 apartment units in the Greater Boston area.