The Fastest Growing Companies
Real Estate Forum | December 2015
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.
Stoneleigh Cos. LLC
Barrington, IL
OVERALL GROWTH RANK: 2*
REVENUE GROWTH RANK: 4
EMPLOYEE HEADCOUNT GROWTH RANK: 2
2014 Revenue: $51,250,358
Three-Year Growth in Revenue: 152.41%
Projected Year-End 2015 Revenue: $55,088,949
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
James O’Kane, Chief Investment Officer
Charles Hall, Senior Vice President-Finance
Primary Business: Owner/Developer
Region of Operation: National
Date of Inception: 2008
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 income-producing 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.