Crescent Communities Recognized As One Of The Fastest-Growing Private Companies In America By Inc. Magazine

Charlotte-Based Real-Estate Firm Joins Elite Fellowship as Management Affirms Commitment to Continued Growth

Aug 31, 2015, 10:07 ET from Crescent Communities

CHARLOTTE, N.C., Aug. 31, 2015 /PRNewswire/ -- Crescent Communities has been named to the 2015 Inc. Magazine list of the fastest-growing private companies in America, joining an elite group of innovative firms whose previous ranks have included household names like Microsoft, Oracle, Timberland and Chobani.

"We are pleased to be recognized as a growth leader by the premier publication dedicated to helping companies grow," said Todd Mansfield, President and CEO of Crescent Communities. "We remain committed to continuing our strong growth trajectory and developing financially and environmentally sustainable communities in the markets we serve, which will represent more than 50% of the U.S. population expansion over the next decade."

Crescent Communities ranked in the top quartile on the annual list and earned the second largest revenue for real estate companies on the Inc. 5000. The high ranking is correlated to a company growth of 343% over the previous three years; ranking Crescent Communities as the second fastest growing real estate company on the list with a minimum of $250 million in revenue.

"Our growth is validation to the investments we have made into our real estate platform and team members," added Mansfield. "We were able to achieve these impressive statistics with a relatively modest increase from a headcount perspective; a testament to the value of our intangible assets such as proprietary consumer research on housing preferences and our company culture."

The 2015 Inc. 5000 ranks companies according to percentage revenue growth over the most recent three-year period. To qualify, companies must have been founded and generating revenue by March 31, 2011. They had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2014. (Since then, a number of companies on the list have gone public or been acquired.)

About Crescent Communities
Crescent Communities, LLC is a leading real estate investment and operating firm driven to create long-term value by developing thoughtful, sustainable communities that improve people's lives. Founded in 1963, Crescent's original mandate as a land management company continues to inform its commitment to the wise stewardship of natural resources. The company finances, plans and develops properties in the Sunbelt and Mid-Atlantic markets that represent more than 50% of the U.S. population growth over the next decade. Its multi-product platform includes residential, multifamily, mixed-used, commercial and land assets, valued in total at $1.2 billion. Crescent's robust capital deployment, seasoned leadership team, and model of sustainability enable the company to maximize opportunity in a recovering real estate market.

CONTACT:

Jami Schlicher


JCPR


973-850-7309


jschlicher@jcprinc.com

 

SOURCE Crescent Communities



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