investors insight: 2016`s best investment bets

Transcription

investors insight: 2016`s best investment bets
INVESTORS INSIGHT: 2016’S BEST INVESTMENT BETS
Real Estate Forum magazine
monthly commercial real estate magazine
New York, NY
December 2015 issue
http://www.reforum-digital.com/reforum/
®
december_2015?pg=46#pg46
December 2015
IS MF FUNDAMENTALLY SOUND?
PLUS: TOP US MULTIFAMILY BROKERS
RETAIL’S BRICKS & CLICKS
PLUS: TOP US RETAIL BROKERS
Real Estate Forum Digital Edition: www.globest.com/realestateforum
From several dozen entries, REAL ESTATE FORUM has compiled its first-ever ranking of the commercial
real estate industry’s Fastest-Growing Companies: firms that are outpacing their competition and
positioned for success in 2016 and beyond. Twenty-eight companies made the inaugural list, which is
segmented into four categories by average annual revenue: Heavy Hitters ($1 billion-plus in average
annual revenue), Large Companies ($101 million to $999 million), Mid-Sized Companies ($11 million
to $100 million) and Small Companies (up to $10 million).
The winners were calculated based on their scores for two fields—revenue growth and headcount
growth—over a three-year period. The sum of those scores determined the final ranking of the firm.
HEAVY
H
EAVY H
HITTERS:
ITTERS:
The Related Group
Miami
OVERALL GROWTH RANK: 1
REVENUE GROWTH RANK: 1
EMPLOYEE HEADCOUNT GROWTH RANK: 1
2014 Revenue: $3,000,000,000
Three-Year Growth in Revenue: 200%
Projected Year-End 2015 Revenue: $2,500,000,000
Number of Employees in 2014: 488
Three-Year Growth in Number of Employees: 98%
2015 Projected Headcount: 500
Head Executives:
Jorge Pérez, CEO, Founder and Chairman
Carlos Rosso, President, Condo Division
Steve Patterson, President, Related Development
Lissette Calderon, President, International &
Strategic Projects
Perez
Matt Allen, EVP & COO
Albert Milo, Jr., SVP & Principal, Related Urban
Larry Lennon, President, TRG Management
Primary Business: Owner/Developer
Additional Business: Property/Facility Management
Region of Operation: Southeast
Since its inception in 1979 as an affordable housing developer, the
privately held Related Group has built, rehabilitated and managed
more than 90,000 condominium and apartment residences, in the
process dramatically altering South Florida’s urban landscape. The
firm is among the largest Hispanic-owned businesses in the US,
with a development portfolio of more than 50 projects totaling
over $15 billion. It has earned international status for the design
and development of luxury condominiums, market-rate rentals,
44 REAL ESTATE FORUM DECEMBER 2015
mixed-use centers and affordable properties, often in emerging
neighborhoods that impact the lives of all demographics. Time
Magazine named Jorge Perez, the Related Group’s founder, chairman and CEO, one of the top 25 most influential Hispanics in the
US for 2005, and he has made the cover of Forbes twice.
The Florida affiliate of the Related Cos., the Related Group
began its current growth trajectory amid the economic downturn.
By acquiring distressed properties more aggressively than its competitors, Related was able to lead the way in creating new neighborhoods in Edgewater, where it’s currently developing four condo
towers; South Miami Avenue; and Hallandale/Sunny Isles. At the
same time, it brought on key players in the multifamily, affordable
and international real estate sectors, thus diversifying and broadening its reach. Additions to the team included Steve Patterson,
president of Related Development; Albert Milo, principal and
senior VP of Related Urban; and Lissette Calderon, president of
international and strategic projects.
Related also has been branching out beyond its South Florida
base, expanding into the rest of the Southeast and international
markets over the past several years. In that time, it has developed
internationally in Mexico, Brazil, Argentina and Panama, while
branching out domestically into Tampa, Atlanta, Texas and the
Carolinas with rental and mixed-use projects. The company’s
affordable and public housing division also continues to work
closely with local municipalities on the renovation and new development of public housing through federal tax credits and affordable programs.
Related Urban Development Group, Related’s affordable housing division, is currently in the process of securing additional
affordable housing contracts. The creation of Related Living, the
company’s foray into the “lifestyle” property management sector, is
also underway with the opening of Hyde Kitchen + Cocktails in
Hallandale, Related Group’s first beach club. As this new venture
develops, Related will continue to partner with major brands such
as SBE, Hyde, Michael Schwartz, Auberge, W, Equinox and Soul
Cycle—the latter two owned by the Related Cos.
www.globest.com/realestateforum
CBRE Group Inc.
Los Angeles
OVERALL GROWTH RANK: 2
REVENUE GROWTH RANK: 2
EMPLOYEE HEADCOUNT GROWTH RANK: 2
2014 Revenue: $9,000,000,000
Three-Year Growth in Revenue: 38.46%
Projected Year-End 2015 Revenue: $9,900,000,000 (12 months
ending September 30, 2015)*
Number of Employees in 2014: 52,000
Three-Year Growth in Number of Employees: 41%
2015 Projected Headcount: 77,000-plus*
Sulentic
Head Executive: Bob Sulentic, President & CEO
Primary Business: Brokerage
Additional Businesses: Finance & Investment,
Lender/Capital Provider, Consultants & Service
Providers, Property/Facility Management,
Architecture/Design
Region of Operation: National
The world’s largest commercial real estate services and investment firm by 2014 revenue—and, with roots dating back to
1906, among the world’s oldest—CBRE Group today has more
than 70,000 employees, up from 52,000 at the end of last year. It
Colliers International
New York City
OVERALL GROWTH RANK: 3
REVENUE GROWTH RANK: 3
EMPLOYEE HEADCOUNT GROWTH RANK: 3
2014 Revenue: $1,583,445,000
Three-Year Growth in Revenue: 36.3%
Projected Year-End 2015 Revenue: $1,707,524,000 (US, for
12 months ending September 2015)*
Number of Employees in 2014: 10,380
Three-Year Growth in Number of Employees: 25%
2015 Projected Headcount: 10,922 (as of September 2015)*
Head Executives:
Jay Hennick, Chairman and Chief Executive Officer
Craig Robinson, President | USA
Ed Alegre, President, Valuation & Advisory Services
Michael Arnette, Director of Legal
Jamie Cobb, Sr., Director, Finance | North America
Keri Fraser, Director, People Services | North America
Hennick
Joseph Harbert, President, Eastern Region
Dwight Hotchkiss, President, Brokerage Services | USA & National
Director, Industrial
Scott Nelson, President, Occupier Svcs. & Corporate Solutions | Americas
Martin Pupil, President, Western Region
Kristen Quillin, Vice President, Marketing & Communications | USA
Dan Spiegel, Executive Vice President, U.S. Operations
Brian Ward, President, Capital Markets & Investment Services |
Americas
Karen Whitt, President, Investor Services and Real Estate
Management Services | USA
www.globest.com/realestateforum
serves real estate owners, investors and occupiers through more
than 400 offices worldwide. CBRE offers strategic advice and
execution for property sales and leasing; corporate services;
property, facilities and project management; mortgage banking;
appraisal and valuation; development services; investment management; and research and consulting.
A number of those service lines have been enhanced significantly in the past three years through mergers and acquisitions.
Between 2012 and 2014, CBRE’s acquisitions ranged from domestic and international affiliates to hospitality advisory firm PKF
Consulting USA and building consultancy VALTEQ Gesellschaft
in Germany. The firm ended 2014 with the acquisition of IVI
International, a construction consulting and due diligence firm
that has advised on more than 5,000 projects ranging from
Hudson Yards in Manhattan to L.A. Live in Los Angeles.
“Adding IVI’s accomplished team to our existing capabilities
provides a highly sought after service that we can now offer our
investor, developer and lender clients throughout the country,”
Thomas B. McDonnell, president, Americas valuation & advisory services at CBRE, said at the time. Having achieved much of
its scale over the years through acquisitions, such as its 1995
addition of Westmark Realty Advisors (now CBRE Global
Investors) and its acquisitions in 2003 and 2006 of Insignia
Financial Services and Trammell Crow Co., CBRE has also
grown through market expansion, talent acquisition and organically increasing its client base.
*Public companies cannot provide projections
Primary Business: Brokerage
Additional Businesses: Property/Facility Management,
Construction Services/Engineering
Region of Operation: National
For Colliers International, the secret sauce is not in what it
does but how it does it. The company sees its enterprising culture as a catalyst for employees to think differently, share ideas
and create effective solutions that help clients accelerate their
success.
Now a global real estate company operating from more than
500 offices across 67 countries, Colliers has deployed $660 million since 2004 to complete over 50 acquisitions around the
world, providing an ROI of 15%+. Its focus on strengthening
capabilities in major markets and diversifying services has contributed to 30% of its average annual growth.
The 30-year-old company plans to continue expanding its
business through both organic growth and acquisitions. The
firm’s organic growth will be based on providing current clients
with more services across more markets. To facilitate this,
Colliers has organized its business around core client needs,
namely occupier and investor services.
Another major step toward achieving future growth was
taken earlier this year, when parent company FirstService
Corp. spun off Colliers as a separate, publicly traded company.
“With the recent launch of Colliers International as an independent public company, we’re at an exciting, transformational period in our history, and better positioned than ever to
accelerate the success of our clients and professionals while
creating value for our shareholders,” FirstService founder Jay
Hennick, who assumed the chair of Colliers’ chief executive
officer following the spin-off, said in June.
*Public companies cannot provide projections
DECEMBER 2015 REAL ESTATE FORUM 45
LARGE
L
ARGE F
FIRMS:
IRMS:
Avison Young
Toronto
OVERALL GROWTH RANK: 1
REVENUE GROWTH RANK: 1
EMPLOYEE HEADCOUNT GROWTH RANK: 1
Passco Cos. LLC
Irvine, CA
OVERALL GROWTH RANK: 2**
REVENUE GROWTH RANK: 2
EMPLOYEE HEADCOUNT GROWTH RANK: 5
2014 Revenue: $258,000,000
Three-Year Growth in Revenue: 124%
Projected Year-End 2015 Revenue: $330,000,000
2014 Revenue: $309,000,000
Three-Year Growth in Revenue: 106.00%
Projected Year-End 2015 Revenue: $400,000,000
Number of Employees in 2014: 1,728
Three-Year Growth in Number of Employees: 88%
2015 Projected Headcount: 2,200
Number of Employees in 2014: 56
Three-Year Growth in Number of Employees: -3%
2015 Projected Headcount: 58
Head Executive: Mark E. Rose, CEO
Primary Business: Brokerage
Region of Operation: International
Date of Inception: 1978
A full-service CRE services firm, Avison Young
has 71 offices worldwide (49 in the US) providing value-added, client-centric investment sales, leasing, advisory,
management, financing and mortgage placement services to
owners and occupiers of office, retail, industrial and multifamily
properties. The company attributes its market growth to expansion and the addition of service lines and products, M&As, talent
acquisition and an increased client base organically.
The company embarked on its growth strategy in 2008 with
the goal of becoming the leading global, full-service real estate
solutions company. Since that time, Avison Young has grown
from 11 offices, 290 employees and $36 million in revenue in
one country to 74 offices, 2,100-plus employees and an estimated $400 million in global revenue (2015) in five countries
on two continents. The firm has hired more than 300 key
recruits (senior professionals) and completed more than 30
acquisitions during that time period. Key to the company’s strategy is a differentiated business model based on a collaborative,
principal-led structure, with an open-source architecture and
“no-silos” model.
Rose
Marcus & Millichap
Calabasas, CA
OVERALL GROWTH RANK: 2**
REVENUE GROWTH RANK: 3
EMPLOYEE HEADCOUNT GROWTH RANK: 4
2014 Revenue: $572,200,000
Three-Year Growth in Revenue: 48.35%
Projected Year-End 2015 Revenue: N/A*
Number of Employees in 2014: 611
Three-Year Growth in Number of Employees: 3%
2015 Projected Headcount: N/A*
Head Executives:
John J. Kerin, President and CEO
Hessam Nadji, Senior EVP
Marty Louie, SVP and CFO
Kerin
46 REAL ESTATE FORUM DECEMBER 2015
Passo
Head Executives:
William “Bill” Passo, Founder and CEO
Larry Sullivan, President
Belden Brown, SVP and National Sales Manager
Tom Jahncke, SVP and President, Passco Capital
Primary Business: Owner/Developer
Region of Operation: National
Date of Inception: 1998
Passco Cos. is a nationally recognized market leader in the
acquisition, development and management of multifamily
and commercial properties throughout the US. For more
than 15 years, Passco has delivered sound investment strategies to clients and partners, enabling them to create, maintain
and add value to their portfolios through a full set of real
estate services, including investment advice, asset management and brokerage, as well as property development, construction, and management services.
Passco holds a diverse cross section of prime retail, multifamily, office and industrial properties nationwide, and has
acquired, managed and/or developed over $3 billion in
property since its inception. The firm is involved with 60
properties in 18 states, and is actively growing its investment
portfolio in primary and secondary markets.
**Four-way tie for second place
Primary Business: Brokerage
Additional Businesses: Finance & Investment, Consultants & Service Providers
Region of Operation: National
Date of Inception: 1971
Marcus & Millichap Inc. was founded in 1971 and has emerged as a leading
brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of Nov. 5, 2015, the firm has more than
1,500 investment sales and financing professionals in 80 offices in the US and
Canada. MMI attributes recent growth primarily to a three-pronged growth
strategy, which it has been executing successfully since its October 2013 IPO:
growing market share in the private client segment; expanding its specialty divisions and larger transactions; and growing its financing division, Marcus &
Millichap Capital Corp.
Looking ahead, the company expects growth in target locations. The plan
targets specific regions and metros based on a number of variables and the firm
has assigned key executives and managers to those markets.
*Public companies cannot make projections
**Four-way tie for second place
www.globest.com/realestateforum
PEACHTREE HOSPITALITY
MANAGEMENT
(Property Management)
STONEHILL STRATEGIC
CAPITAL
(Debt Originations/Investments)
PEACHTREE HOSPITALITY
DEVELOPMENT
(Developments & Renovations)
STONEHILL
INVESTORS
(Investment Management)
WHAT YOU THOUGHT YOU KNEW
IS JUST THE TIP OF THE ICEBERG
Greg Friedman | 404.497.4119
gfriedman@peachtreehotelgroup.com
Brent LeBlanc | 713.666.2544
bleblanc@stonehillsc.com
Mitul Patel | 404.497.4115
mpatel@peachtreehotelgroup.com
Jatin Desai | 404.497.4117
jdesai@peachtreehotelgroup.com
Brian Waldman | 404.953.4952
bwaldman@peachtreehotelgroup.com
Mat Crosswy | 404.497.4116
mcrosswy@stonehillsc.com
www.peachtreehotelgroup.com
Walker & Dunlop
Bethesda, MD
OVERALL GROWTH RANK: 2**
REVENUE GROWTH RANK: 4
EMPLOYEE HEADCOUNT GROWTH RANK: 3
WoodSpring Hotels
Wichita, KS
OVERALL GROWTH RANK: 2**
REVENUE GROWTH RANK: 5
EMPLOYEE HEADCOUNT GROWTH RANK: 2
2014 Revenue: $360,772,000
Three-Year Growth in Revenue: 40.50%
Projected Year-End 2015 Revenue: N/A*
2014 Revenue: $222,863,200
Three-Year Growth in Revenue: 24.51%
Projected Year-End 2015 Revenue: $247,080,532
Number of Employees in 2014: 465
Three-Year Growth in Number of Employees: 11%
2015 Projected Headcount: 500
Number of Employees in 2014: 775
Three-Year Growth in Number of Employees: 35%
2015 Projected Headcount: 1,022
Walker
Head Executive: Willy Walker, Chairman &
Chief Executive Officer
Primary Business: Lender/Capital Provider
Additional Business: Brokerage
Region of Operation: National
Date of Inception: 1937
Walker & Dunlop is one of the nation’s largest CRE finance companies providing financing and investment sales to owners of
multifamily and commercial properties. The firms comprehensive suite of financing solutions allows it to originate loans for its
own balance sheet, CMBS conduit, and investment partnerships,
or for sale to the GSEs, HUD, life companies, banks and other
CMBS providers. The company credits merger/acquisition, talent acquisition and increased client base organically with its
growth over the past three years. In November 2012, Walker &
Dunlop acquired CW Capital, doubling its size. And in December
2013, it acquired a capital markets team in Phoenix, adding a
Tampa, FL capital markets team two months later. “These two
acquisitions continued to broaden our presence across the industry,” the firm says.
*Public companies cannot make projections
**Four-way tie for second place
Head Executives:
Bruce Haase, Chief Executive Officer
Kyle Rogg, President and COO
Stuart Becker, CFO
Haase
Primary Business: Owner/Developer
Additional Business: Finance &
Investment, Property/Facility Management
Region of Operation: National
Date of Inception: 2003
WoodSpring Hotels is the company behind the nation’s
fastest-growing value extended stay hotel brand with 198
hotels system-wide located in 30 states. The firm owns 87
hotel properties and provides management services for
both company-owned and franchised locations under the
WoodSpring Suites and Value Place brands. WoodSpring
executives say they will continue to focus on strategic
expansion across the US, and the firm expects to break
ground on more than 30 additional properties over the
next six months.
**Four-way tie for second place
MID-SIZED
M
ID-SIZED FIRMS:
FIRMS:
Prime Property Investors Ltd.
Northbrook, IL
OVERALL GROWTH RANK: 1
REVENUE GROWTH RANK: 1
EMPLOYEE HEADCOUNT GROWTH RANK: 1
2014 Revenue: $46,811,569
Three-Year Growth in Revenue: 274.83%
Projected Year-End 2015 Revenue: $50,000,000
Number of Employees in 2014: 50
Three-Year Growth in Number of Employees: 150%
2015 Projected Headcount: 50
Gaffen & Zaransky
Head Executives:
Barbara J. Gaffen and Michael H.
Zaransky, Co-Founders and Co-CEOs
Primary Business:
Owner/Developer
Additional Business:
Property/Facility Management
48 REAL ESTATE FORUM DECEMBER 2015
Region of Operation: National
Date of Inception: 1993
PPI is a nationally known niche real estate investment firm building a nationwide portfolio of student housing properties on university campuses, conventional class A apartment complexes and
triple net-leased medical/healthcare real estate throughout the
US. As a niche real estate investment firm, with a specialized
expertise in high-growth asset classes, PPI stays focused on real
estate providing an opportunity for increased cash flow and large
appreciation. The company attributes its growth over the past
three years to market expansion and partnerships.
It built a nationwide portfolio of student housing properties
adjacent to seven college campuses; acquired several class A conventional apartment communities in the Chicago MSA and in
Texas; and it entered a JV with Trammell Crow Residential in
2013 to develop a new ground-up class A apartment community
in The Woodlands, TX. Over the next five years, it sees the biggest growth opportunities in value-add multifamily, class A multifamily development and healthcare real estate acquisition.
www.globest.com/realestateforum
Adding Doors
Nationwide
Passco is pleased to have been
recognized as one of Real Estate Forum’s
Fastest Growing Companies.
Est. 1998
PASSCO Companies, LLC is a nationally recognized real estate firm specializing in the acquisition,
development, and management of multifamily and commercial properties throughout the U.S.
2050 MAIN STREET, SUITE 650 | IRVINE, CA 92614 | P: 949.442.1000 | WWW.PASSCO.COM
IRVINE, CA | DENVER, CO | AUSTIN, TX | DALLAS, TX | ATLANTA, GA
Stoneleigh Cos. LLC
Barrington, IL
OVERALL GROWTH RANK: 2*
REVENUE GROWTH RANK: 4
EMPLOYEE HEADCOUNT GROWTH RANK: 2
James O’Kane, Chief Investment Officer
Charles Hall, Senior Vice President-Finance
Primary Business: Owner/Developer
Region of Operation: National
Date of Inception: 2008
2014 Revenue: $51,250,358
Three-Year Growth in Revenue: 152.41%
Projected Year-End 2015 Revenue: $55,088,949
Stoneleigh targets acquisition of existing apartment properties and
development of new luxury communities in select markets. It operates 3,623 units, is under construction on two new assets comprising
538 units and planning development of 1,041 units in Houston and
Chicago. In 2008, Stoneleigh began building a portfolio of incomeproducing multifamily assets. With acquisition cap rates dipping to
decade lows in 2012, the company began focusing on new developments generating greater returns. The Stoneleigh team has tripled
within three years, doubled its portfolio and has a pipeline that will
bring its to over 5,200 units by 2018.
*Tie for second place
Number of Employees in 2014: 19
Three-Year Growth in Number of Employees: 138%
2015 Projected Headcount: 23
Head Executives: Richard Cavenaugh, President/CEO
Marty Eppel, Chief Operating Officer
Devonshire REIT Inc.
Whitehouse, OH
OVERALL GROWTH RANK: 2*
REVENUE GROWTH RANK: 2
EMPLOYEE HEADCOUNT GROWTH RANK: 4
2014 Revenue: $30,375,748
Three-Year Growth in Revenue: 235.34%
Projected Year-End 2015 Revenue: $52,888,000
Number of Employees in 2014: 36
Three-Year Growth in Number of Employees: 89%
2015 Projected Headcount: 37
Cavenaugh
Head Executives:
Chris Campbell, President & CEO
Dan Sandwisch, EVP & Chief Operations Officer
Mike Denman, EVP & Chief Investment Officer
Todd Latham, EVP & Chief Marketing Officer
Jeff Seiple, EVP & Director of Sales
Doug Dymarkowski, SVP & General Counsel
Primary Business: Owner/Developer
Additional Businesses: Finance & Investment
Region of Operation: National
Date of Inception: 2009
Campbell
*Tie for second place
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50 REAL ESTATE FORUM DECEMBER 2015
RONALD LADELL
AvalonBay
Communities, Inc.
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Peachtree Hotel Group
Atlanta
OVERALL GROWTH RANK: 4*
REVENUE GROWTH RANK: 6
EMPLOYEE HEADCOUNT
GROWTH RANK: 3
Coldwell Banker
Commercial Advisors
Salt Lake City
OVERALL GROWTH RANK: 4*
REVENUE GROWTH RANK: 5
EMPLOYEE HEADCOUNT
GROWTH RANK: 4
The Bascom Group
Irvine, CA
OVERALL GROWTH RANK: 6
REVENUE GROWTH RANK: 3
EMPLOYEE HEADCOUNT
GROWTH RANK: 10
2014 Revenue: $73,537,586
Three-Year Growth in Revenue:
106.87%
Projected Year-End 2015 Revenue:
$90,511,389
2014 Revenue: $23,500,000
Three-Year Growth in Revenue: 115.6%
Projected Year-End 2015 Revenue:
$27,500,000
2014 Revenue: $20,768,664
Three-Year Growth in Revenue:
219.19%
Projected Year-End 2015 Revenue:
$21,000,000
Number of Employees in 2014: 997
Three-Year Growth in Number of
Employees: 110%
2015 Projected Headcount: 1,100
Number of Employees in 2014: 180
Three-Year Growth in Number of
Employees: 89%
2015 Projected Headcount: 230
Number of Employees in 2014: 17
Three-Year Growth in Number of
Employees: -15%
2015 Projected Headcount: 20
Head Executives:
Greg Friedman, CEO
Mitul Patel, COO
Jatin Desai, CIO
Primary Business:
Finance &
Friedman
Investment
Additional Business: Owner/
Developer
Region of Operation: National
Date of Inception: 2007
*Tie for fourth place
Head Executives:
Brandon Fugal, Chair
Lew Cramer, CEO
and President
Kevin Long, COO
Fugal
Primary Business:
Brokerage
Additional Businesses: Property/
Facility Management
Regions of Operation: Southwest, West
Date of Inception: 1998
*Tie for fourth place
Head Executives:
Derek M.D. Chen,
Co-Founder and
Chairman
David S. Kim,
Co-Managing Partner
Chen
Jerome A. Fink,
Co-Managing Partner
Primary Business: Owner/Developer
Region of Operation: National
Date of Inception: 1996
www.globest.com/realestateforum
DECEMBER 2015 REAL ESTATE FORUM 51
Conti Organization
Addison, TX
OVERALL GROWTH RANK: 7
REVENUE GROWTH RANK: 7
EMPLOYEE HEADCOUNT GROWTH
RANK: 7
Ware Malcomb
Irvine, CA
OVERALL GROWTH RANK: 8
REVENUE GROWTH RANK: 10
EMPLOYEE HEADCOUNT GROWTH
RANK: 6
Bellwether Enterprise
Cleveland
OVERALL GROWTH RANK: 9*
REVENUE GROWTH RANK: 9
EMPLOYEE HEADCOUNT GROWTH
RANK: 8
2014 Revenue: $25,028,495
Three-Year Growth in Revenue: 80.36%
Projected Year-End 2015 Revenue:
$29,700,000
2014 Revenue: $48,371,678
Three-Year Growth in Revenue: 52.06%
Projected Year-End 2015 Revenue:
$60,300,000
2014 Revenue: $37,500,000
Three-Year Growth in Revenue: 62.34%
Projected Year-End 2015 Revenue:
$66,200,000
Number of Employees in 2014: 89
Three-Year Growth in Number of
Employees: 46%
2015 Projected Headcount: 91
Number of Employees in 2014: 236
Three-Year Growth in Number of
Employees: 49%
2015 Projected Headcount: 271
Number of Employees in 2014: 130
Three-Year Growth in Number of
Employees: 38%
2015 Projected Headcount: 189
Head Executives:
Carlos Vaz, Chief
Executive Officer
Stewart Hsu, Chief
Operating Officer
Head Executives:
Lawrence R. Armstrong,
Chief Executive Officer
Kenneth Wink, Executive
Vice President
Jay Todisco, Executive Vice
President
Armstrong
Primary Business:
Architecture/Design
Region of Operation: National
Date of Inception: 1972
Head Executives:
Ned Huffman, President
Debbie Rogan, Executive
Vice President & COO
Primary Business:
Finance & Investment
Additional Businesses:
Huffman
Lender/Capital
Provider
Region of Operation: National
Date of Inception: 2008
*Tie for ninth place
Primary Business:
Vaz
Owner/Developer
Region of Operation: Southwest
Date of Inception: 2008
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52 REAL ESTATE FORUM DECEMBER 2015
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Franklin Street
Tampa, FL
OVERALL GROWTH RANK: 9*
REVENUE GROWTH RANK: 8
EMPLOYEE HEADCOUNT GROWTH
RANK: 9
2014 Revenue: $17,134,274
Three-Year Growth in Revenue: 67.36%
Projected Year-End 2015 Revenue:
$20,000,000
Number of Employees in 2014: 224
Three-Year Growth in Number of
Employees: 24%
2015 Projected Headcount: 230
Head Executive:
Andrew Wright, CEO
and Managing Partner
Primary Business:
Brokerage
Additional Businesses:
Property/Facility
Wright
Management, Insurance/
Risk Management
Region of Operation: Southeast
Date of Inception: 2006
*Tie for ninth place
SMALL F
SMALL
FIRMS:
IRMS:
Sandlapper Capital
Investments LLC
Greenville, SC
Primary Business: Finance & Investment
Region of Operation: National
Date of Inception: 2011
Sandlapper Capital Investments is an
opportunistic investment firm seeking
assets for the purpose of creating securitized investment opportunities for
accredited investors across a variety of
industries and asset classes. The com2014 Revenue: $6,390,365
Three-Year Growth in Revenue: 790.95% pany attributes its growth over the past
three years to market expansion, the
Projected Year-End 2015 Revenue:
addition of service lines and products
$12,798,024
and partnerships and by leveraging the
collective experience of key staffers to
Number of Employees in 2014: 10
re-enter markets showing renewed busiThree-Year Growth in Number of
ness development opportunities in a
Employees: 233%
changing market environment. Over the
2015 Projected Headcount: 11
next five years, Sandlapper Capital sees
the most growth opportunities in creatHead Executives:
ing real property solutions for the 1031
Trevor L. Gordon, Founder and CEO
exchange buyer.
Jack C. Bixler, President
*Tie for first place
Ray Sun, Chief Investment Officer
OVERALL GROWTH RANK: 1*
REVENUE GROWTH RANK: 1
EMPLOYEE HEADCOUNT GROWTH
RANK: 2
Watch Us Grow!
Our collaborative structure focuses on client
performance — a difference that translates into
intelligent commercial real estate solutions that
deliver a better experience, and better results.
Thanks to clients and professionals who’ve chosen
the Avison Young difference, we now serve real
estate investors and occupiers from 74 offices
across North America and Europe.
Learn more at avisonyoung.com
Experience the Difference
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DECEMBER 2015 REAL ESTATE FORUM 53
ROSANO PARTNERS
Los Angeles
OVERALL GROWTH RANK: 1*
REVENUE GROWTH RANK: 2
EMPLOYEE HEADCOUNT GROWTH RANK: 1
SANDS INVESTMENT GROUP
Santa Monica, CA
OVERALL GROWTH RANK: 4*
REVENUE GROWTH RANK: 7
EMPLOYEE HEADCOUNT GROWTH RANK: 3
2014 Revenue: $5,133,513
Three-Year Growth in Revenue: 356.10%
Projected Year-End 2015 Revenue: $6,508,611
2014 Revenue: $3,211,384
Three-Year Growth in Revenue: 69.96%
Projected Year-End 2015 Revenue: $4,909,690
Number of Employees in 2014: 26
Three-Year Growth in Number of Employees: 333%
2015 Projected Headcount: 51
Number of Employees in 2014: 3
Three-Year Growth in Number of Employees: 200%
2015 Projected Headcount: 23
Head Executives:
Sagiv Rosano, President & Founder
Ian Whitman, Chief Strategy & Operations
Officer
Head Executives: Chris Sands, Founder & CEO
Liz Sands, Co-Founder & VP, Marketing
Joshua Bliss, VP of Operations
Andrew Ackerman, Managing Director
Dan Hoogesteger, Managing Director
Max Freedman, Managing Director
Primary Business: Brokerage
Additional Businesses: Finance &
Investment, Property/Facility Management
Region of Operation: West
Date of Inception: 2006
Rosano
Rosano Partners uses technology and a diverse team to produce solutions in urban markets through Southern
California, specializing in retail and multifamily, unique
urban development opportunities and placements of equity
or debt. Market expansion, talent acquisition, partnerships
and increasing its client base organically have fueled its
growth. Rosano also looks for ways to expand its team to
include gender diversification, various ages and cultures and
members of the LGBT community.
Meanwhile, the firm has introduced technology to help
team members and clients make deals; It sees further opportunities in diversity, technology and lifestyle. According to
Rosano’s leaders, there is an opportunity to develop a company lifestyle that appeals to Millennials and other generations. As such, it selects offices in up-and-coming areas close
to transportation hubs, housing and retail to provide work/
life balance to its team.
*Tie for first place
SKYLINE SEVEN REAL ESTATE
Atlanta
OVERALL GROWTH RANK: 3
REVENUE GROWTH RANK: 3
EMPLOYEE HEADCOUNT GROWTH RANK: 4
2014 Revenue: $2,151,310
Three-Year Growth in Revenue: 337.81%
Projected Year-End 2015 Revenue: $2,534,385
Number of Employees in 2014: 14
Three-Year Growth in Number of Employees: 133%
2015 Projected Headcount: 16
54 REAL ESTATE FORUM DECEMBER 2015
C. Sands
Primary Business: Brokerage
Additional Business: Consultants & Service Providers
Region of Operation: National
Date of Inception: 2010
*Tie for fourth place
CPEX REAL ESTATE SERVICES
Brooklyn, NY
OVERALL GROWTH RANK: 4*
REVENUE GROWTH RANK: 6
EMPLOYEE HEADCOUNT GROWTH RANK: 4
2014 Revenue: $6,420,994
Three-Year Growth in Revenue: 123.95%
Projected Year-End 2015 Revenue: $7,435,000
Number of Employees in 2014: 14
Three-Year Growth in Number of Employees: 133%
2015 Projected Headcount: 24, with 40 independent
contractors in sales
Head Executives: Timothy D. King, Managing Partner
Brian T. Leary, Managing Partner
Gregory H. Roberts, Partner and Chief Operating Officer
Primary Business: Brokerage
Region of Operation: Northeast
Date of Inception: 2008
*Tie for fourth place
Head Executives:
Kenny Holzer, Chief Executive Officer
Ryan Holzer, Senior Vice President
Primary Business: Brokerage
Additional Businesses: Property/Facility
Management
Region of Operation: Southeast
Date of Inception: 2010
K. Holzer
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would like to thank our
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NEIGHBORHOOD DEVELOPMENT CO.
Washington, DC
OVERALL GROWTH RANK: 6
REVENUE GROWTH RANK: 4
EMPLOYEE HEADCOUNT GROWTH RANK: 7
CARDINAL GROUP COS.
Denver
OVERALL GROWTH RANK: 8
REVENUE GROWTH RANK: 9
EMPLOYEE HEADCOUNT GROWTH RANK: 6
2014 Revenue: $11,130,000
Three-Year Growth in Revenue: 289.16%
Projected Year-End 2015 Revenue: $5,000,000
2014 Revenue: $3,386,965
Three-Year Growth in Revenue: 56.47%
Projected Year-End 2015 Revenue: $5,100,000
Number of Employees in 2014: 16
Three-Year Growth in Number of Employees: 100%
2015 Projected Headcount: 19
Number of Employees in 2014: 205
Three-Year Growth in Number of Employees: 128%
2015 Projected Headcount: 450
Head Executives:
Adrian Washington, Chief Executive Officer
Juan Powell, Chief Operating Officer
Primary Business: Owner/Developer
Additional Businesses: Finance & Investment, Construction
Services/Engineering
Region of Operation: Northeast, Mid-Atlantic
Date of Inception: 1999
Head Executives:
Del de Windt, Chief Executive Officer
Alex O’Brien, President
Eric Frank, Managing Principal
Primary Business: Property/Facility
Management
de Windt
Additional Businesses: Finance & Investment,
Owner/Developer, Consultants & Service Providers,
Construction Services/Engineering
Region of Operation: National
Date of Inception: 2009
EDGE COMMERCIAL REAL ESTATE
Gaithersburg, MD
OVERALL GROWTH RANK: 7
REVENUE GROWTH RANK: 5
EMPLOYEE HEADCOUNT GROWTH RANK: 9
PEAK CAMPUS
Atlanta
OVERALL GROWTH RANK: 9
REVENUE GROWTH RANK: 8
EMPLOYEE HEADCOUNT GROWTH RANK: 8
2014 Revenue: $7,716,000
Three-Year Growth in Revenue: 131.29%
Projected Year-End 2015 Revenue: $6,500,000
2014 Revenue: $10,579,583
Three-Year Growth in Revenue: 58.66%
Projected Year-End 2015 Revenue: $14,283,403
Number of Employees in 2014: 18
Three-Year Growth in Number of Employees: 38%
2015 Projected Headcount: 25
Head Executive:
Joseph A. Sutton, Jr., Managing Partner
Primary Business: Brokerage
Additional Businesses: Finance & Investment,
Consultants & Service Providers, Property/
Facility Management, Construction Services/
Engineering
Region of Operation: Mid-Atlantic
Date of Inception: 2007
US DEBT VENTURES MANAGEMENT LP
Fort Lauderdale
OVERALL GROWTH RANK: 10
REVENUE GROWTH RANK: 10
EMPLOYEE HEADCOUNT GROWTH RANK: 10
2014 Revenue: $1,171,983
Three-Year Growth in Revenue: 23.81%
Projected Year-End 2015 Revenue: $1,100,000
56 REAL ESTATE FORUM DECEMBER 2015
Number of Employees in 2014: 490
Three-Year Growth in Number of Employees: 77%
2015 Projected Headcount: 613
Sutton
Head Executive:
Bob Clark, President
Primary Business: Property/Facility
Management
Region of Operation: National
Date of Inception: 2011
Clark
Number of Employees in 2014: 4
Three-Year Growth in Number of Employees: -50%
2015 Projected Headcount: 8
Head Executive:
Todd Billings, Chief Executive Officer
Primary Business: Finance & Investment
Region of Operation: National
Date of Inception: 2011
Billings
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