Kathy Ireland Worldwide, Baratelli Partner for Affordable HousingKathy Ireland Worldwide, Baratelli Partner for Affordable Housing
The new venture has launched with 138 properties.
May 1, 2020
Baratelli Properties has partnered with Kathy Ireland Worldwide to bring affordable housing to people and families including those facing financial difficulties, essentially anyone affected by the COVID-19 pandemic.
“I believe the concept of speed and urgency is important,” says Phil Baratelli, president and chief investment officer, Baratelli Capital Management. “It is time to build. People need affordable housing now to help them realize their hopes and dreams for them and their families. We created our model, executed our plans and developed many of our properties in just twelve months. Kathy and I connected, and with her leadership and passion, this partnership was accomplished in one week. In 30 years of business, I have never seen anything come together so quickly, powerfully and respectfully. To Kathy and everyone on the kiWW team, I say thank you."
The new venture, Kathy Ireland American Home, launches with a real estate portfolio of 138 properties in various stages of development in 31 cities in six states. Kathy Ireland American Home is funded through Baratelli Capital Management and is managed by Baratelli Properties.
“Phil Baratelli is an inspiring, passionate entrepreneur whose unique skill sets are extraordinary in finance and real estate,” says Kathy Ireland, chair, chief executive officer and chief designer, Kathy Ireland Worldwide. “Phil is an executive in the truest sense. He is an entrepreneur with great dreams and the strength to realize those dreams in an accelerated timetable. We developed Kathy Ireland American Home several years ago and waited patiently for the correct partner. Phil Baratelli is indeed this partner. We welcome Phil, his companies and team to the Kathy Ireland Small Business Network. Our goal and strategy is to bring Kathy Ireland American Home managed by Baratelli Properties to all 50 states. Where appropriate, our residences, which are furnished, will offer product from Kathy Ireland Home partners, including Pacific Coast Lighting, Nourison, Michael Amini kathy ireland home designs, Bush Furniture, Blue Ridge Home Fashions, Fame hardwood Floors, and Global Kitchen Concepts Kathy Ireland will be the planned installation resource for kitchens going forward. So many people are affected by the COVID-19 pandemic with many families worried about being able to afford rent. We look forward to working with Phil to grow this venture and expand it to the rest of our country. The housing units manufactured and built will be places families can proudly call home. They will be fully renovated and pristine. This is a great day.”
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