Chicago Real Estate Businesses on Exclusive List

October 05, 2010

Three Chicago real estate firms made the prestigious Inc. 5000 list of fastest-growing private companies in America.

The Inc. Magazine list measured revenue growth from 2006 to 2009 for U.S.-based, privately held, for-profit and independent businesses.

Only 38 U.S. real estate companies made the list, a sharp decline from the 121 that made the first Inc. 5000 list in 2007.

Chicago-based @properties was ranked for the fourth consecutive year and sits at No. 37 on that list. Through the third quarter of 2010, the firm has had the largest share of the downtown Chicago market and is the fastest growing North Shore Chicago real estate firm.

“Despite the challenges of the real estate market and the economy, we have managed to open new offices, recruit top-producing agents, introduce new services, and gain market share. We are growing because we are doing a lot of things right, including getting results for our clients,” said @properties co-founder Thaddeus Wong.

@properties was No. 4898 on the overall Inc. 5000 list. It was ranked at No. 1477 in 2007, 2618 in 2008 and 4164 in 2009, and the firm posted a three-year growth of 5 percent. It was the only broker of for-sale homes from Illinois that made the list.

Inc. 5000

Other Chicago companies on the 2010 Inc. 5000 list:

No. 1365: Northbrook-based Prime Property Investors, which operates student apartment buildings in the Midwest and owns several apartment building in Chicago neighborhoods. This company has posted a 214 percent growth over the last three years and is No. 21 on the Inc. list of real estate companies. After hitting the even more prestigious Inc. 500 list of companies in 2007 and 2008, Prime Property Investors was left off in 2009.

No. 4989: Chicago Apartment Finders, which helps landlords find qualified tenants. This company has made the Inc. 5000 for four years in a row, but started at No. 1032 in 2007, and dropped to 4122 in 2008 and 4502 in 2009. It has posted a 2 percent growth over the last three years. At No. 38, it is last on the list of companies in the real estate industry.

Buffalo Grove-based Home Warranty of America was the only home warranty company to make the Top 50 Insurance Companies list. Sitting a No. 3638, the company, which provides extended warranty protection for mechanical systems and appliances in homes, posted a 45 percent growth over the last three years and was No. 45 in its industry.

“Our growth of 45% in three sales years is phenomenal in this real estate marketplace, and we’re honored to be named again to this prestigious list for the fourth year in a row,” said Marc Roth, HWA CEO and President.

The most notable median growth categories among the Inc. 5000 were in:

*Energy: Grew by 298 percent

*Government Services: 220 percent

*Security: 200 percent

*IT Services: 187 percent

*Software: 187 percent

*Consulting: 182 percent

The 5000 companies that made the list reported a combined revenue of $185 billion and a median three-year growth of 147 percent.

“The leaders of the companies on this year’s Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression,” said Inc. president Bob LaPointe. “The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs.”

To see the entire list, including all the businesses from Illinois, check out www.inc.com.

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