Pangea Properties President Wins Ernst & Young Emerging Entrepreneur of the Year®

Real Estate Entrepreneur Focuses on Providing Premium Value for Middle-Income Housing

Chicago, IL, July 05, 2013 --( Pangea Properties is proud to announce that President Al Goldstein received the top honor of Ernst & Young Emerging Entrepreneur Of The Year® 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 were presented at a black-tie 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.

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 by making affordable, high-quality rental units available. In addition, through partnerships with community organizations, local government and local non-profits, we support and encourage residents to enrich and take ownership of their neighborhoods.”

“It is an honor to receive this award,” continues Goldstein. “I came to the United States and quickly learned that there’s an unlimited amount of opportunity if you’re willing to work hard to achieve your goals. With my latest venture, Pangea Properties, we saw an area within the real estate market that had a lot of room for improvement and we devoted both time and effort to become an industry leader. Being recognized for that initiative is extremely rewarding.”

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 $250 million into 8,000+ 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 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 and is a recipient of the Ernst & Young Midwest Entrepreneur of the Year. For more information, visit Pangea online at,, or on Twitter @PangeaRE.
Empower Public Relations
Claudia Maj