Chicago, IL, August 24, 2014 --(PR.com
)-- For the second year in a row, Chicago-based Pangea Properties, a private real estate investment trust (REIT), has made the Inc. 500|5000
on the annual list of the top companies in America. Overall the company ranked 720th and its three year growth percentage is up to 629 percent.
In the past year, Crain's Chicago Business
also named Pangea as one of the top job creators in Chicago, 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. “Our company is growing in size in a number of ways. In the past three years we have added 355 jobs- we still have a tremendous amount of upside and growth ahead of us,” adds Joung.
Pangea Properties owns and manages units in Chicago, Indianapolis and Baltimore and has added another 2,000 units under its belt in the last year. “Our goal is to continue expansion and bring our business model to underserved markets,” says Joung.
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.