Mr. Ash Kumar
CEO & Founder, Ashford Communities
Our vision is to build communities by providing our residents with a sense of pride. We value each person as an individual and care about their opinions and concerns. Our ultimate goal is for our residents to feel a sense of belonging to our community so that they will call Ashford 'HOME' for years to come. The Ashford name was rebranded in 2013, and since then, we have taken great strides towards developing a fantastic team of employees that know the importance of a happy resident. We believe that providing a positive living experience is better than just providing a place to live. We are proud of our company, our communities, and our residents.
Ashford Communities was founded by Ash Kumar in 1998, shortly after moving from Canada with his family. Mr. Kumar began buying apartment properties while still a student at the University of Regina in Canada. He grew his business by analyzing each property, buying under market value, and improving the properties to increase resident occupancies. Throughout his acquisitions, Mr. Kumar has taken great pride in giving back to the community as he felt there should be a way in which a business could prosper even more by providing residents a positive experience within their community. Rebranding HK Capital to Ashford Communities and establishing community building as the company's business model resulted in 70% resident retention (double industry average). His strategy focuses on implementing programs, such as English classes or health camps, to promote a sense of brotherhood among residents, ultimately resulting in recurrent lease renewals despite rent increases. Ashford Communities has expanded its portfolio to 15 complexes reflecting a growth of 400% over the last five years and is one of the primary sponsors of TotoAid, the organization founded alongside his wife, which provides education for children in Tanzania from elementary school all the way thru college.
Despite achieving rapid business success, Mr. Kumar did not allow it to impede him from expanding his knowledge further. He is currently focused on his academic growth as well by being in the Harvard OPM Class of 2015 and EMP EO Class of 2017, is a founding member of Houston’s CEO Group Vistage since 2006, Highest Growth 2008, 2014, 2015, 2016, and a founding member of EO Houston since 2012.