Top 52 fastest-growing real estate companies
Inc. magazine: Appraisal management company ranks first
By INMAN NEWS
Editor's note: Some real estate-related companies may not have received mention in this report because they were not specifically listed in Inc. magazine's real estate category. This article has been updated to include an additional real estate-related company that ranked among the fastest-growing private companies.
The lastest Inc. magazine list of the 5,000 fastest-growing private companies in the U.S., released this week, includes 52 companies in its real estate category.
Companies on the Inc. 5000 are ranked by overall revenue growth in the three-year period between 2007-10. In order to qualify, companies had to have generated revenue by March 31, 2007; have generated at least $100,000 in revenue in 2007, and at least $2 million in revenue in 2010; and be privately held, for profit, based in the U.S., and independent (not a subsidiary or division of another company), according to the Inc. website.
Marietta, Ga.-based appraisal management company Valuation Management Group was at the top of the list of companies in the real estate category, with a 7,910 percent jump in revenue growth, to $25.4 million in 2010. The company had 50 employees at the end of 2010, up from three at the end of 2007. The company ranked at No. 22 in the overall list of 5,000 companies.
Oklahoma City-based Pointe Vista Development, a planned residential community in development on Lake Texoma, ranked second among real estate companies. The company saw a 3,068 percent jump in revenue from 2007, to $3.8 million in 2010. The company grew from one employee in 2007 to 60 in 2010.
Golden Valley, Minn.-based property management firm Renters Warehouse was third in the real estate category. The company's revenue grew 2,085 percent from 2007, to $3.3 million in 2010. The company grew from four employees in 2007 to 39 in 2010.
Ranking fourth among real estate companies was real estate brokerage company PalmerHouse Properties, based in Atlanta. The company's revenue grew 1,726 percent from 2007, to $2.3 million in 2010. The company grew from 27 employees in 2007 to 535 in 2010.
Potomac, Md.-based Innotion Enterprises, which provides technology, management, and marketing services to asset managers for real estate owned properties, ranked fifth among companies in the real estate category. That company's revenue jumped 1,564 percent from 2007, to $14.4 million in 2010. The company had 46 employees in 2010, up from six in 2007.
Other notables on the list of 52 real estate companies:
- Henderson, Nev.-based real estate brokerage and property management firm Realty One Group ranked 17th with a 410 percent jump in revenue between 2007 and 2010, to $2.1 billion -- by far the highest revenue total on the list. The company grew from 22 employees in 2007 to 58 in 2010.
- Seattle-based property search and valuation site Zillow ranked 20th on the list. The company saw a 329 percent increase in revenue between 2007 and 2010, to $30.5 million. The company had 252 employees in 2010; no comparable figure was listed for 2007.
Following is a list of the 52 real estate category companies:
Though not included in the real estate category, other real estate-related companies were included among the overall list of 5,000. Among these was BoomTown, a real estate marketing software company, and Realeflow, a company that provides real estate entrepreneurs and investors with business management software. Both companies were ranked in the software category.
Additionally, the Charfen Institute, which offers education and training services for real estate professionals and small business owners, was ranked 21st on the list of fastest-growing private companies.
BoomTown ranked at No. 174 in the overall list of 5,000 and No. 18 in the software category. The company's revenue grew 1,712 percent between 2007 and 2010, to $2.2 million. The company grew from three employees in 2007 to 19 employees in 2010.
Realeflow ranked at No. 421 among the Inc. 5000 and No. 43 in the software category. The company's revenue jumped 828 percent from 2007, to $6 million in 2010. The company had 31 employees at the end of 2010, up from six at the end of 2007.