By Carlo Calma
Chicago-based real estate firm @properties has been listed among Inc. magazine’s 2012 “Inc. 5000″ list of the nation’s fastest-growing private companies, according to an issued press release.
Listed for the sixth year in a row, @properties has made a consistent appearance in the magazine’s rankings. In 2006, when they debuted in the list, Inc. ranked them at 341 in their 500 list. This year, @properties placed at 4,138 in the magazine’s rankings.
The Growth of @properties
According to Inc., @properties saw a 32 percent growth within the last three years, making $60 million in 2011, as compared to their total revenue of $45.6 million in 2008. The magazine further reported that the real estate firm added nine jobs within the last three years, a move that Thaddeus Wong, @properties’ co-founder, explained contributed to their success.
“While most real estate brokerage firms downsized as a result of the housing crisis, we focused on growth,” he said. “We invested in new marketing, technology and training programs and continued to recruit top-producing agents.”
In addition to this accolade, @properties was ranked as the No. 1 real estate broker in Chicago throughout 2011 with a 14.8 percent market share, and also ranked as the No. 2 brokerage firm in Chicago’s North Shore suburbs with a 12.7 percent market share, according to the issued press release.
@properties’ Rankings Amongst Other Firms
The press release further reports that @properties posted the sixth highest revenue of the 69 real estate companies featured in Inc.’s 5,000 list, and was, “one of only five real estate companies from Illinois to make the list, and the only one specializing in for-sale brokerage.”
Despite the unsettling market that real estate has seen in recent years, Co-founder Michael Golden remains optimistic about their footing in the industry.
“We’ve outperformed the industry throughout one of the toughest real estate markets in the U.S.,” said Golden. “We opened new offices on the North Shore and gained significant market share, putting us in a great position for continued growth as the market shows strong signs of recovery.”
To see how @properties fared amongst other real estate firms across the nation in Inc.‘s list, visit http://www.inc.com/inc5000/list/industry/real-estate