Real estate broker Greg Kraut, who helped found the local Avison Young office, is becoming a developer as he joins Rod Kritsberg’s K Property Group.

The duo will focus on value-added real estate investment and development projects in the city and focus on identifying off-market, value-added and select core-plus office and retail properties of $50 million and up.

“I want to infuse hospitality into the office and retail sectors and through strategic capital improvements, create a modern, full-service experience for tenants,” said Kraut.