Raanan Katz

Raanan Katz is a prominent businessman and sports team owner who has been a Limited Partner of the Miami Heat basketball team since its inaugural 1988 season.1 Here are some key details about his background and career:

Business Ventures

Raanan Katz is the leader of RK Centers, a family-owned real estate company that owns over 6 million square feet of commercial property across Boston, New England, and South Florida.1 His business philosophy emphasizes operating with minimal debt, which has helped his firm navigate through periods of market uncertainty.1

Real Estate Career

Katz began his real estate career in the United States after moving from Israel in 1962. He started by purchasing property in Boston and over 15 years expanded his holdings to include more than 2,000 apartment units in the greater Boston area.1 In 1979, he expanded his operations to Miami Beach, gradually building a substantial portfolio of South Florida properties.1

Basketball Connection

Before his business success, Katz came to the United States as a member of the Israeli national basketball team.1 He played professionally for the Atlantic City Seagulls for a year, using his earnings to make his initial real estate purchase in Boston.1

Miami Heat Involvement

In 1986, Katz became an original partner in the expansion Miami Heat franchise.1 He has served as a Limited Partner since the team's first season in 1988, contributing to the development of one of the NBA's consistently profitable teams.1

Core Values

Throughout his career, Raanan Katz has operated under four core values:

1. Integrity
2. Trust
3. Empathy
4. Perseverance

These principles have guided his business decisions and relationships with clients, tenants, and colleagues.1

Community Involvement

Katz has been recognized for his contributions to the community, including donations to various projects. The Phyllis and Raanan Katz SportsCenter, a 10,000 sq. ft. multi-purpose space, was named in honor of him and his wife.1 In 2006, the Mayor of Sunny Isles Beach declared May 18 as Raanan Katz Day in recognition of his contributions to job creation and community support.1