Chicago, IL, July 24, 2014 --(PR.com
)-- The economy added 288,000 jobs in June according to the Labor Department, with many companies doing their part to create more jobs. In Chicago, Pangea Properties, a Private Real Estate Investment Trust (REIT), is leading the way in job creation.Crain's Chicago Business
has named Pangea Properties as one of the top job creators in the city, with a staff growth rate of 782 percent since 2010. Pangea Properties CEO Steve Joung explains that the company plans to add another 54 jobs in 2014.
“We are fortunate to have grown quickly over the past five years. In such a short period of time, we have been able to provide many great job opportunities,” says Joung. “We manage over 10,000 units with many located in the Chicagoland area; it has been rewarding to not only help transform these properties and stabilize communities but to create jobs in the local economies where we have a presence. We are poised for another great year and look forward to continuing to be a leading employer in Chicago.”
About Pangea Properties:
Pangea Properties is a private real estate investment trust (REIT) targeting the distressed residential multi-family real estate market. Pangea was founded in 2008 with the mission to bring service, value and care to its residents. The unique REIT serves as both the property owner and the building manager, utilizing a call center to support the high bar for service and scalability. Today, Pangea has invested over $250 million into 10,000+ apartment units throughout Chicago, Indianapolis and Baltimore, with the goal of continuing to expand within current markets as well as into new markets. Pangea has been highlighted by several media outlets including The Steve Harvey Show, Forbes, CNBC, USA Today, WGN TV and Chicago Grid among many others. In 2013, Pangea debuted at number 42 overall on the annual Inc. 500 list, ranking first overall for the Chicago market and second for the entire real estate industry. Pangea’s founder Al Goldstein has been named one of Crain’s 2013 40 under 40 and is a recipient of the Ernst & Young Midwest Entrepreneur of the Year. For more information, visit Pangea online at www.pangeare.com
or on Twitter @PangeaRE.