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Kahr was founded by Joshua Kahr in 2002. The company quickly established itself as a leader in financial training, financial modeling, and market analysis for the real estate industry.
In 2003 and 2004, we grew rapidly. Highlights included a series of seminars for the U.S. Environmental Protection Agency on brownfield redevelopment, the appointment of Mr. Kahr as a professor at New York University for its MS in Real Estate program, and the publication of a major analysis of New York City's tax assessment system that concluded that the City was severely under-assessing commercial properties relative to its published guidelines.
During 2005 and 2006, Mr. Kahr published his first book, Real Estate Market Valuation and Analysis, and the company moved into its first permanent offices at 139 Fulton Street in New York. Mr. Kahr joined the faculty of Columbia University's MS in Real Estate Development program; he continues to teach there. This book, his new appointment, and additional consulting projects brought the company to the national stage.
2007 was a landmark year for Kahr. We expanded both our training business and our consulting business globally including a development project in Monterrey, Mexico and training courses in Dubai, Hong Kong, London, Tokyo, and Singapore. We also moved into 55 Broad Street, a Class A building on the same block as the New York Stock Exchange. Mr. Kahr also acheived a major professional milestone with his appointment to the board of directors of Monmouth Real Estate Investment Corporation (NASDAQ: MNRTA). At the end of 2007, the company had six full time employees.
As we move into 2008 and beyond, we will continue to grow in size, scope, and capabilities. We also are exploring a number of joint venture opportunities with some of our key clients.
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