Edward J. Kulik
Edward (Ed) Kulik is Co-Founder and a Principal at LRC Properties.
A highly respected industry veteran, Ed has an extensive background which includes asset and property management, leasing, operations, development, financing and construction. His experience covers all types of properties, including office, hospitality, residential, industrial, retail and unique recreational (marinas, golf course, cruise ship terminals, etc.). Ed has earned the reputation of taking under-performing assets or portfolios and turning them into extremely profitable investments including some of the largest privately owned buildings in the country. Ed’s expertise has also been highlighted by his ability to properly manage assets and properties by achieving maximum efficiency and performance.
Prior to co-founding LRC Properties, Ed held senior positions in prestigious companies including Silverstein Properties, Jones Lang LaSalle (one of the largest international real estate firms) and the Retirement Systems of Alabama. Ed has successfully taken an underperforming $1 billion portfolio and grown it three fold with healthy returns in excess of 17%. In addition, he has successfully managed more than 9 million square feet of commercial property in New York City’s prestigious Financial District, established two management companies – one for hospitality and the other for commercial assets – and leased over 22 million square feet of commercial space. Throughout his career, Ed has been extensively involved in repositioning distressed real estate, working closely with major lending institutions and investors to develop property specific programs which resulted in successful “turn around” investments for both owner and lender.
Ed’s experience also includes some very unique deals/investments. He is credited with putting together one of the largest tracts of upland and submersible land for a large multi-use project in the Florida Keys and working very closely with the city of Mobile to develop a major cruise ship terminal which substantially increased tourism to the city. Teams led by Ed have also been credited with highly successful major deals, including taking the second largest privately owned building in the country (3.8 million square feet) from a vacancy of 60% to full occupancy and being named “Marriott’s Developer of The Year.”