Chicago, IL, May 25, 2013 --(PR.com
)-- Pangea Properties
President is an Ernst & Young Entrepreneur Of The Year® Finalist.
Pangea Properties announced today that President Al Goldstein was named a finalist in the Ernst & Young Entrepreneur Of The Year® 2013 program in the Midwest. The award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. Goldstein was selected from a strong pool of nominations by a panel of independent judges. Awards will be presented at a special gala on June 27, 2013 at the Hilton Hotel in Chicago, Illinois.
Now in its 27th year, the Entrepreneur Of The Year Program has expanded to recognize business leaders in more than 140 cities in over 50 countries throughout the world. Regional award winners are eligible for consideration for the Ernst & Young National Entrepreneur Of The Year Program. The winners of the Overall Award and several other national categories will be announced at the annual awards gala in Palm Springs, California, on November 16, 2013. The awards are the culminating event of the Ernst & Young Strategic Growth Forum, the nation’s most prestigious gathering of high-growth, market-leading companies.
Goldstein, who was born in Soviet Uzbekistan, immigrated to the United States with his family at the age of 8. His first entrepreneurial project, an online specialty lending service now operating as Enova International, was so successful he was able to sell it for $265 million after only two years. In the four years since he opened Pangea Properties, the Chicago-based REIT has invested over $100 million to rehab distressed properties in sections of Chicago, Indianapolis and Baltimore. Goldstein explains, “Our goal is to revitalize underserved areas in two ways. First, by making affordable, high-quality rental units available, and second, by partnering with community organizations that encourage residents to enrich and take ownership of their neighborhoods.”
“It is an honor to be considered for this award,” continues Goldstein. “I came to the United States with little more than a dream; my experiences have shown me that there are always opportunities open for those who are willing to charge forward and challenge themselves. We are looking to bring opportunities to the communities that need them most through our latest endeavor, Pangea Properties.”
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 by Al Goldstein and Steve Joung with one mission: to bring service, value and care to its residents. The entrepreneurs saw an opportunity in the Chicago market to create a real estate firm that 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 over 5,500 units in the Chicagoland area, over 2,000 units in Indianapolis and over 400 units in 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 WGN TV, Chicago Magazine and the Baltimore Business Journal, among others. Pangea’s founder Al Goldstein has been named one of Crain’s 2013 40 under 40. For more information, visit Pangea online at www.pangeare.com, www.Facebook.com/PangeaRE or on Twitter @PangeaRE.