A PUBLICATION OF KBK ENTERPRISES October - December 2013

ADDISON TERRACE CLOSES KBK LAUNCHES NEW WEBSITE THE HERITAGE REACHES MILESTONE

The Rhino’s Charge

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OCTOBER—DECEMBER 2013

3 New Employee Additions

4 Heritage Apartments Reaches

Milestone

5 Black Enterprise Magazine Visits

OSU

THE RHINO’S CHARGE

7 Addison Terrace Closes

9 New Website Launches

10 KBK Foundation Title

Sponsor For NFF Banquet

Heritage Reaches Milestone

Addison Terrace Closes Black Enterprise Magazine Visits OSU

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KBK Headquarters - 4249 Easton Way, Suite 220 - Columbus, OH 43219

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THE RHINO’S CHARGE

Diane Johnson Background Diana Johnson recently joined the Washington, DC team as the Property Manager of Foster House Apartments. Diana is a seasoned professional with over 20 years of extensive property management experience that includes residential, commercial, industrial and retail. During this time frame, Diana has sharpened her experience in management, accounting, administration and leasing. She describes herself as having an earnest nature, very multi-disciplined, well organized, detail oriented and a motivated self-starter with excellent analytical skills and the ability to perform under pressure. She is driven by team achievement and believes it’s important that everyone do their share to maximize the probability that the goals and objectives of the company are achieved. Diana is a native of Alexandria, Virginia. She has two children, Evan Christopher and Ebony and resides in suburban Maryland.

Robin Cunningham Background Robin Cunningham gained property management experience in 2001 as a Leasing Consultant with A& R Management. She was promoted in 2003 to bookkeeper and promoted again in 2005 to Assis-tant Property Manager. Robin has extensive knowledge of Affordable Housing, HUD/Section 8, con-ventional, LIHTC, and Hope VI Properties. She was recognized and rewarded in 2004-2005 with an “All Star Award” and in 2005 with a “Rising Star” Award. Robin is a native of Washington, DC. She has lived in the nation’s capital all of her life with her husband Rich and their two sons, Tyrone and Jerome.

KBK NEW STAFF ADDITIONS...

Diane Johnson and Robin Cunningham have joined the Key Property Management Services (KPMS) Team. Diane is the new Property Manager at The Foster House. Robin the new Assistant Manager.

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THE HERITAGE TOWNHOMES REACHES TEN YEAR ANNIVERSARY

The Heritage, located in Columbus, Oh celebrated a milestone by reaching its 10 year anniversary. This once crime riddled development often referred to as “uzi alley” continues to be one of KBK Enter-prises’ showcase communities. The Herit-age has always maintained 100% occu-pancy since it opened its doors in 2003 after a much needed rehab which includ-ed new carpets and paint, remodeled kitchens with new appliances, exterior architectural details, and new roofs and siding. Air conditioning, patios and fenced yards were added to each of the town-houses. Residents state part of the attrac-tion to this 35 acre site is the size of the units, affordability, safe environment and its density. Additionally, the well land-scaped community provides massive curb appeal which continues to increase The Heritage’s value. It literally has become the “crown jewel” of apartment town-homes in the Northeast community. The site has provided many supportive ser-vices to residents such as a virtual high school for youth, GED training, ESOL and interpretation services and scholarships. The Heritage was featured on WBNS 10 TV in 2012 when it opened its waiting list. Please visit http://youtu.be/GCP4zwAwDMY to learn more about this story.

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Top right: Heritage Townhomes on Agler Rd. Bottom right: Leasing Office at The Heritage Townhomes.

KBK Enterprises - Columbus, OH

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OSU AND BLACK ENTERPRISE MAGAZINE DISCUSS WEALTH BUILDING ALLIANCE

President & CEO of Black Enterprise Magazine, Earl Graves Jr., and staff joined Ohio State University (OSU) staff members and President & CEO of KBK Enterprises, Keith B. Key to learn more about OSU and to provide an overview of Black Enterprise Magazine. They also discussed Black Enterprises’ vari-ous programs and services that could provide potential collaboration oppor-tunities with Ohio State students on wealth building. Keith B. Key serves a dual role with the university in that he is a member of the OSU Foundation Board and Campaign Chair for The Of-fice of Student Life’s Campaign Commit-tee. The meeting was hosted at the Keith B. Key Center for Student Leader-ship and Service at the Ohio Union. The center changed its name in 2012 to recognize Key’s $1 million contribution

to the university. Key who is no novice in the financial arena, believes the topic of wealth building could extend the university’s reach in getting students involved in the Center’s Entrepreneur-ship Institute, currently in develop-ment. Black Enterprise is a monthly magazine which describes itself as the “premier business news and invest-ment resource of African Americans.” Their recently launched Bill and Melinda Gates Foundation Education Forum focuses on the obligations and responsibilities of business leaders, politicians and policy makers for im-proving education so that students are engaged and prepared for college and the 21st century workforce. These fo-rums are held all throughout the Unit-ed States in markets such as Columbus, Los Angeles, Memphis, Charlotte and

Washington, DC. The hope is that OSU would host a similar forum not only on the topic of Wealth Building but include topics on Education, Leadership and Entrepreneurship. Students who visit-ed the center the day of the meeting had the opportunity to engage in a round table discussion with Mr. Graves and his staff on some of these topics.

(Above rear left to right): OSU employee, Eric Troy, President & CEO of Black Enterprise Magazine, Earl Graves Jr., Vice President of Multimedia Sales and Sponsorships , Black Enterprise Magazine, Kyle Allman, President & CEO of KBK Enterprises Keith B. Key. (Front left to right): Vice Provost of OSU Diversity & Inclusion and Vice President for Outreach & Engagement, Dr. Valerie Lee, Vice President of The Office of Student Life, Dr. Javaune Adams Gaston and Senior Vice President, Editor at Large, Black Enterprise Magazine, Alfred Ed-mond.

KBK Enterprises - Columbus, OH

THE OHIO STATE UNIVERSITY

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LARIMER SCHOOL

Results for the tax credit application for the Larimer School will be known sometime in February 2014. KBK Enterprises submitted the application on November 8th to acquire tax credits to assist in its redevelopment of Larimer School. Leveraging their considera-ble urban housing experience, KBK Enter-prises and Emmitt Miles, President & CEO of Fishers of Men plan to restore the property and create 36 attractive, affordable housing units. The renovated Larimer School apart-ments will feature supportive services in-cluding academic enrichment for school-aged youth and programming for seniors. Addi-tionally, the development will incorporate ‘green’ attributes. Rothschild Doyno Collaborative has been selected as the architectural firm who will help design an eco-friendly building with healthy indoor living spaces. To fully facili-tate the development plan, funding applica-tions were submitted to the Pennsylvania Housing Finance Agency and the URA of Pittsburgh. Citing the re-use of the building “as an important step in the redevelopment and re-imagination of Larimer,” Carolyn Peeks, Chair of the Larimer Consensus Group, pledged her Group will act in an advi-sory role and provide assistance to the Lar-imer School development plan. The KBK/Fisher Team has also received sup-port from many elected officials including State Senator Jim Ferlo, State Representative Ed Gainey, and Councilman/Reverend Ricky Burgess. Emmett Miles was born and raised in the Larimer community. His mother was a former student at the Larimer School that was purchased by Mr. Miles in 2005. “Doing this project in the community I was raised, means coming full circle for me,” said Mr. Miles. With community and government sup-port, the KBK/Fishers of Men team sees the Larimer School apartments as an excellent opportunity to make a transformative change in the heart of the Larimer neighbor-hood.

Above: Ornately detailed appointments of the existing Larimer School. The exterior includes an ornately decorated door on the southwestern side of the building with statues on pillars, a bas-relief sculpture over the door, and human faces near a marble portion of the roof. This facility is a histor-ic gem to the Larimer community and the city of Pittsburgh.

KBK Enterprises - Pittsburgh, PA

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KBK Enterprises - Pittsburgh ,PA

Addison Terrace officially closed on Phase 1 (186 units and community building) of this historical project on December 23rd, the day before Christmas Eve. The total estimated cost for the project’s first Phase is $78.5 mil-lion (including site, infrastructure, acquisi-tion, demolition and relocation). Over 700 units of housing will be replaced in three to four phases and central in creating connec-tivity to Centre Avenue. Community stake-holders such as Allies & Ross Management and Development Corporation (ARMDC), PNC and PHFA have been instrumental in making this neighborhood rebirth a reality. PHFA and PNC are providing financing for the new project. Developer KBK Enterprises has been work-ing with ARMDC since they first heard about plans to redevelop the neighborhood. ARMDC’s mission is to provide housing op-portunities and housing related activities by participating in mixed income transactions with the Housing Authority of the City of Pittsburgh. KBK Enterprises and ARMDC, along with other community leaders want this redevelopment to mark the start of re-newal for this Depression era Addison Ter-race complex. Addison was Pittsburgh’s first dedicated public housing project by Presi-dent Franklin Delano Roosevelt in 1940. What was once a center for Pittsburgh Afri-can American culture fell prey to the effects of urban blight and crime. Close to 500 families inhabited the commu-nity before the start of demolition. A large number want to return once it is rebuilt, and those who meet eligibility requirements will be accommodated. Former Hill District resi-dent Keith B. Key along with ARMDC is working with the city’s Urban Redevelop-ment Authority to provide additional hous-ing on vacant lots between Addison and Centre Avenue. He also hopes to achieve significant numbers as it relates to minority and female owned companies as contractors on the project and jobs to residents in the community.

ADDISON TERRACE CLOSES FIRST PHASE

Reed Street rendering of how Addison will look.

Elmore Street parklet rendering.

Rendering of Rose Street townhomes.

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KBK Enterprises - Pittsburgh PA

Fair for the Addison Terrace Rede-velopment Project. A workshop kicked off the 3 day fair on Tues-day, Nov. 19th and rolled out a comprehensive Section 3 plan for Addison. The kick off wrapped up with a Q&A session with residents to address questions regarding the employment process at Addison. Wednesday and Thursday were spent accepting employment ap-plications. A total of 62 applica-tions were received. Cameron Pro-fessional Management, secured by The KBK Foundation, assisted in the application and recruitment process. The Foundation extend-ed the application process beyond the three day fair for those individ-uals unable to attend. A Section 3 trailer was available at the site at the intersection of Bentley Dr. and Devilliers St. for those wanting to complete applications for

employment . The Foundation is committed to ensuring that all job applicants are job ready and will be partnering with community organizations to provide needed skills training to residents. Infra-structure and residential construc-tion began Dec. 24th on the former 734 units of dense, multilevel housing. The project will take about 18 months to complete with leasing scheduled to begin as early as fall 2014.

EMPLOYMENT OPPORTUNITIES BEGIN AT ADDISON

Now that the first of Phase of Addi-son has closed the focus will shift on hiring the numerous employees needed for the future 400 unit mixed income community. Addi-son Terrace began site preparation work in October. This site prep contract will prepare the property for infrastructure and residential vertical construction. The work will be completed in approximately 10 months. KBK Enterprises is working with The KBK Foundation on Section 3 employment efforts as vertical construction begins. There are 3 public housing residents that have been hired on site at this time. The KBK Foundation in con-junction with Alliance Construction Group, Allies & Ross Management and Development Corporation (ARMDC), and The Housing Au-thority of the City of Pittsburgh hosted a Section 3 Fall Recruitment

Above: A potential candidate inquires about

job opportunities at Addison.

Left: Charettes allow community members to learn more about the Addison Terrace Redevelopment.

Right: Groundbreaking Ceremony at Addison Terrace.

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KBK Enterprises - Worldwide

KBK LAUNCHES NEW WEBSITE

KBK Enterprises recently launched their

much anticipated new and improved web-

site. The website is more user friendly and

easier to navigate. The new layout, which

boasts a modern, clean design features easy

to read details on the full range of services

provided by KBK Enterprises. These services

include Real Estate Development, Construc-

tion, and Property Management. The new

website also includes video highlights from

several events. GoMedia, a Cleveland based

graphic/web design company, constructed

the new layout. “We are extremely pleased

and excited with the new design of our web-

site,” said KBK Enterprises President & CEO,

Keith B. Key. “We feel that the new website

does an excellent job portraying our busi-

ness while giving prospective customers an

opportunity to learn more about us, our ca-

pabilities, and more importantly the impact

we can make in their communities through

our mission of ”Changing Lives.” Please visit

the site at www.kbkenterprises.net. We

would love to get your comments and sug-

gestions after your review.

Above: One of the Home Page photos of the KBK Enterprises new website.

The new site will feature a more in depth look at the company’s various

projects.

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KBK Foundation News

Foundation To Sponsor NFF Banquet The KBK Foundation will serve as the title sponsor to this year’s National Football Foundation (NFF) Banquet scheduled for Feb. 10th at OSU’s Archie Griffin Ballroom. The NFF is a non-profit organization founded in 1947. Its mission is to promote and develop am-ateur American football on all levels throughout the United States and to cultivate leadership, sportsmanship, enthusiasm for competition, and the drive for academic excellence among America's youth. In addition to sup-porting amateur football on the local level, the NFF also oversees the sup-port, administration, and operation of the College Football Hall of Fame. Among its other programs and initia-tives includes the facilitation of the Play It Smart program. This program places a trained "academic coach" who turns football teams into learning teams in underserved high schools across the country, and awards the coveted Drad-dy Trophy, referred to in many circles as the "Academic Heisman". Two schol-ar athletes, a high school and college student, will be honored Feb. 10th with the first ever KBK Leadership Award for their accomplishments on the field, in the classroom and in the community. Our very own John Wooldridge, VP for Business Development at KBK Enter-prises was named the President of the NFF Columbus Chapter in 2013.

KBK Foundation

NEWS Youth to Benefit From Scoutreach 15 inner city youth will be attend-ing summer camp at Scoutreach in Pittsburgh this year at no charge. Scoutreach, a program operated by the Boy Scouts of America is a program focused on building scout skills and honors for kids in the inner-city. The KBK Foundation contributed to this year’s summer camp for youth that offers skills and leadership training and teaches youth the importance of service.

4th Annual Taste of Larimer Celebrates Flavors of Community Community members came to sample dishes from local caterers, listen to speakers and enjoy live music at the 4th Annual Taste the Future of Larimer on Nov. 4th at St. James AME Church, Pittsburgh, PA. The yearly event, hosted by the Larimer Green Team is a fundraising event to raise aware-ness of positive things happening in the community. The Larimer Green Team was founded in 2008 and has been behind many pro-jects and workshops in the neigh-borhood. Perhaps the most visi-ble of these has been the Commu-nity Garden located at the Village Green on Larimer Avenue. The KBK Foundation was a proud sponsor of this year’s event.

Inner City Initiative Attracts Pittsburgh Urban Youth The Community Empowerment Association, United We Stand, along with the collaboration of other community stakeholders, created the Midnight Basketball Program, to recruit young men between the ages of 12-25. Through an organized Basketball League, competitive 16-week tourna-ments, and basketball training camp program, youth participants were offered a safe and empowering space to learn and play with other youth in the city.

The program kicked off November 29th, at the Community Empowerment Cultural Center (Pittsburgh). It was designed to offer youth with basket-ball leagues that stay open late on Fridays and Saturday nights. The pro-gram also provides experienced coaching and mentors to help youth par-ticipants’ self-esteem, enhance interpersonal and development skills, and harm reduction abilities. Although Midnight Basketball was designed as a fun activity in a safe place, it offers an ideal opportunity for youth mentor-ship, guidance, learning, and referral services.

The goal was to use basketball activities as a vehicle for intervention de-signed to help reduce urban violence and crime, and to guide youth to-ward a successful future. The program was planned to keep urban youth off the streets and engage them with organized activities thus reducing exposure to risk factors and liabilities stemming from unsupervised street and neighborhood existence. The KBK Foundation was a proud sponsor of this initiative.

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KBK Foundation News

Traditions Continue At KBK Enterprises Once again the employees of KBK En-terprises gave of their resources to spread some good old fashion holiday cheer. This marked the fourth year that KBK employees gave gift cards (in lieu of an employee gift exchange) to resi-dents at selected residential sites that are owned or managed by KBK. These

sites include, Marrero Commons, The Heritage, The Foster House and Gar-field Commons. Each property site had a holiday fellowship for the residents in which they had the opportunity to win the raffled gift cards. The KBK Founda-tion matched the total gift card amount donated by KBK employees. Each site was given gift cards totaling $200. The KBK Foundation also collaborated with two of our sites to provide and deliver gift cards during the Thanksgiving holi-day to our senior residents at Garfield Commons and The Heritage. The KBK Foundation was pleased to help fami-lies celebrate the holiday season and further our mission of changing lives in the communities that we serve.

Residents Enjoy Harvest Festival October 25th provided a great time for residents of all ages at the Gar-field Commons Harvest Festival in Pittsburgh, PA. The Festival provided an opportunity for fellowship, crafts and wonderful treats. Residents who visited The Pride Center could play X-Box and Wii games at the Bev Smith library. Representatives from the Carnegie Library of Pittsburgh were on hand to sign up residents for library cards. Residents were also provided with popcorn and cotton candy and given the opportunity to decorate their own candy apple. This event was sponsored by The KBK Foundation.

Foster House Residents and Homeless Served Thanksgiving Dinner Close to 200 individuals were served dinner this year for Thanksgiving at The Foster House in Washington, DC. Longtime resident Letha Blount and volunteers turned the community room into a banquet hall full of turkey and all the trimmings for Foster House residents and the homeless. Ms. Blount has been continuing this tradition of providing Thanksgiving dinner to the residents of The Foster House and the homeless for several years in honor of her parent’s anniversary which is also on Thanksgiving Day. All of the food was purchased through donations by The KBK Foundation and Foundation partner Omega Charities, the non-profit entity of Omega Psi Phi Fraternity, and others.