No Stranger To The Multifamily Market
Ken Munkacy leads newly established Kingbird Properties, the Boston-based U.S. subsidiary of Puerto Rican family conglomerate Grupo Ferré Rangel. Tracing its roots to the founding of the El Nuevo Dia newspaper in 1909, San Juan-based Grupo Ferre Rangel has expanded into the marketing, digital media and health care industries including a portfolio of apartment properties in the Columbus, Ohio and Indianapolis metros. Kingbird Properties will continue that investment strategy, with plans to acquire 5,000 units in secondary and tertiary markets over the next two years. A former New Boston Fund executive, Munkacy most recently was a senior managing director at Boston-based GID Investment Advisers.
