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Property Redevelopment Tips from Jerome Karam Portfolio, Attorney Turned Real Estate Developer

By Jamie Richardson | September 12, 2018

Jerome Karam is an attorney based in Friendswood who has made his name as one of the successful redevelopers in Houston. He opened Jerome Karam law offices in 1991 and specialized in accident injury law and business litigation.

His unique approach to property redevelopment has caught the attention of developers, clients, and even local authorities in areas where he has initiated his real estate project. Here are some of the unique characteristics of his approach that have made him stand out.

Renovating Old Buildings
Jerome Karam portfolio is full of old buildings that he has successfully renovated into viable real estate investments. “We take old buildings that have sort of been forgotten, and bring them back to life,” says the attorney who also owns the JMK5 Holdings LLC.

The developer takes on projects that many real estate developers would normally shy away from. When he acquired the Mall of the Mainland the property had already changed owners several times before it was closed down a year before he bought it.

Even though renovating old buildings can be a risky project, the attorney who says real estate is his true passion, carefully considers the factors that are necessary to make the project a success. With the Jerome Karam Mall of the Mainland project the location at interstate 45 in Texas City, presented itself as an accessible area that can host churches, gyms, as well as retail outlets. Currently, the building that was once closed now hosts the biggest trampoline park in America.

Knowledge and Hard Work
Karam came from humble beginnings in Allen Parish, Louisiana. He worked for years as an attorney specializing in injury law and business litigation. Through his profession as an attorney, he has been able to acquire a lot of knowledge of how the market and the business works.

The fact that his family and his wife’s family have roots in real estate also helped him tap into a lot of information that he has used to fine tune his knowledge of the real estate market. After working for a law firm, he started his own firm around the year 2000. To date, he has converted 12 locations from apartment buildings to condominiums and has redeveloped at least eight retail stores.

Unique Brand
Jerome Karam net worth has risen thanks to his unique brand of property development. He applies his knowledge of the real estate market to come up with approaches that are sure to produce results.

One of the things he is known for is involving the community in his projects. He provides incentives to the community which gives him the chance to demonstrate the unique value of his projects to potential clients. He also works with private investors to overcome financing hurdles set by local banks.

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Jamie is a 5-year freelance writer who enjoys real estate. He is currently a Realty Biz News Contributor.
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