Corporate Housing Franchise Provider Appears on Inc. 5000 List
AvenueWest Global Franchise, a real estate partner for property investors and the corporate housing community, with an office in Lakewood, has been named one of the fastest-growing companies by Inc. magazine in 2022. AvenueWest ranked no. 1901 on the annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies, and No. 74 in the real estate industry category.
“For the fifth time and second year in a row, we are thrilled to be recognized by Inc. as one of the fastest-growing companies in the US,” said Angela Healy, AvenueWest global franchise CEO. “The real estate industry continues to evolve, creating increased demand for temporary, fully-furnished housing, while also presenting an opportunity for real estate brokers to gain access to a consistent, recurring source of revenue. At AvenueWest Global Franchise, we are excited to continue to be that trusted partner for the corporate housing industry and present opportunities to cities across America for real estate brokers to own their future within our network of locally-owned and locally-managed corporate housing franchises.”
Since Angela Healy became CEO in 2017, AvenueWest has grown to manage $150 million in residential assets which supports over $20 million annually in residential leasing.
Today’s housing market positions real estate investors to see their largest return with minimal risk due to a surge in demand for temporary housing solutions. Home prices are at an all-time high, interest rates are on the rise, and inventory remains low while homebuyers have more flexibility to relocate than ever before. The desire for fully furnished, turnkey corporate housing has never been higher. As AvenueWest continues to open new corporate housing franchises across the nation, savvy real estate agents can leverage this market opportunity by partnering with AvenueWest Global Franchise.
AvenueWest, alongside the other companies on the 2022 Inc. 5000 has not only been successful, but has also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Collectively, the 2022 Inc. 5000 awardees achieved an incredible three-year average growth of 2,144 percent, adding over 68,394 jobs over the past three years.
“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” says Scott Omelianuk, editor-in-chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.”
To qualify, companies are required to be U.S.-based, privately held, for profit, and independent — not subsidiaries or divisions of other companies. Revenue used for qualification purposes was for the years 2018 through 2021. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
AvenueWest Managed Corporate Housing is an award-winning, woman-owned business that delivers real estate investors a turnkey solution for property management, benefitted by our global network of local experts that manage furnished, corporate rentals with five-star customer service. Built on over two decades of success, AvenueWest Global Franchise enables real estate brokers to launch property-based businesses in their local communities and equip them with the network, hands-on training and infrastructure for success.