Baltimore CRE firm debuts among Inc’s top 20 fastest-growing companies, with three-year growth rate of 15,420%
Inc. magazine today revealed that Chasen Companies is No. 18 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The Baltimore-based real estate, development and property management firm experienced more than 15,420% growth over the last three years, making it the fastest-growing private company in Maryland. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“We are thrilled to be recognized among the fastest-growing private companies in the U.S.,” shared Brandon Chasen, Sr, founder and CEO of Chasen Companies. “Our team’s resiliency enabled us to overcome challenges brought over the last year, resulting in it being a remarkable one for us at Chasen Companies. We accomplished more with less, and evolved our boutique model to support the new post-pandemic world we live in. Our focus remains on growth and evolution as we continue to revitalize communities throughout Maryland and beyond.”
Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”
Chasen Companies is a real estate firm that is committed to drastically revitalizing and transforming the communities it serves. Founded in 2016, the company acquires, develops and leases luxury properties in the Greater Baltimore and Washington DC markets with a focus on the multifamily sector.
Chasen Companies’ real estate business model is focused on purchasing Class C assets in historic areas and upgrading them to Class A. Each living and workspace is intentionally designed to provide a boutique setting, with moderate rents, commercial space, and outsourced amenities–all while maintaining the historic heritage of the property. Over the last year, Chasen Companies’ investment strategy has become more multi-faceted, diversifying into yacht charters–a global industry that is expected to reach $17.19 billion by 2026.
Complete results of the Inc. 5000, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on August 20. To learn more about Chasen Companies, visit www.chasencompanies.com.
About Chasen Companies
Chasen Companies acquires, develops and leases properties in the Greater Baltimore and Washington DC markets. The firm specializes in luxury multifamily, commercial and single-family properties. Each living and workspace is intentionally designed to provide a boutique setting while maintaining the historic heritage of the property. More information is available at https://www.chasencompanies.com/.
More about Inc. and the Inc. 5000
Methodology
Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on this year’s Inc. 5000. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including web sites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
For more information on the Inc. 5000 Vision Conference, visit http://conference.inc.com/.
