Ilya appears in the Top 100
People in Real Estate Magazine
Driven by a desire to build value and improve communities, in 2010, Ilya Rabovetsky, along with his partners, launched Redblock Realty Inc., a mid-sized real estate fund focused on the Greater Philadelphia market. As a vertical company, they handle everything—from the acquisition and repositioning of distressed real estate to development, leasing, and property management. Over the past 10 years, the fund has grown to a portfolio of hundreds of properties, from scattered residential sites and multifamily buildings to larger commercial and industrial centers, which reflects their niche of purchasing value-add opportunities both big and small. As they serve a growing number of investors, developers, and high-net-worth individuals, Ilya and his team take pride in their local, hands-on management approach, with a keen focus on reputation, quality, and stakeholder relationships. Add all this to the firm’s ability to purchase properties in bulk, warehouse building materials for development projects, and handle sales and leasing in-house, and Redblock stands as a unique, all-encompassing, one-stop real estate investment shop.
As principal of Redblock Realty, Ilya is focused on acquisitions, asset management, and development of the firm’s residential, multifamily, and commercial portfolio in the greater Philadelphia area. He brings with him the knowledge and experience from a prior 15-year career in finance and asset management, with roles that included corporate finance, strategy, and asset management at Vanguard, JPMorgan Chase, and Morgan Properties. But he also brings an entrepreneurial drive instilled in him as a child by his parents, who immigrated to America when he was just five—a passion that would manifest not only in Redblock, but a spot among Drexel University’s 40 Under 40 in 2022. And while Ilya’s and Redblock’s success is undeniable, their focus is equally placed on helping others. “We pride ourselves on enabling homeownership for hundreds of families,” he says. “Our fund has enhanced communities by restoring over 1,000 dilapidated and run-down properties into newly renovated homes for both renters and new homeowners.”
Ilya is a Pennsylvania Real Estate Broker and member of the National Association of REALTORS®. He attended Temple University Real Estate Institute, and holds a bachelor’s degrees in finance and also information science and technology from Drexel University.
Principal & Founder — Redblock Realty Inc.