WHITEHOUSE, Ohio, Jan. 6, 2016 /PRNewswire/ -- Devonshire REIT, Inc., a private real estate investment trust, announced today its recognition by Real Estate Forum magazine as one of the fastest growing commercial real estate companies in the United States.
Nominees were chosen from a nationwide pool of entrants and rankings were based on both revenue and employee growth over the three-year period covering 2012 – 2014. Companies were segregated by size according to revenue as heavy-hitters, large, mid-size, or small and then ranked within their respective categories.
Devonshire placed second in the mid-size category with 3-year revenue growth of 235.34%. This represented an increase from $9M to over $30M in total revenue. Employee count grew by 89%.
"We are honored to be recognized as one of the country's fastest growing commercial real estate companies," said Chris Campbell, President and CEO of Devonshire REIT. "This honor is a testament to the quality of our people, the strength of our process and the insight of our philosophy. We look forward to continuing to create value for our investors, our tenants and our community."
Devonshire REIT, Inc. is a self-advised and internally managed private real estate investment trust purpose-built for fiduciaries. Since inception in 2009, the company has grown from $6M in assets under management to over $500M, and currently owns and operates 59 properties representing over 4.8 million square feet of leasable space. Devonshire REIT does not pay commissions on invested capital, nor does is take asset management fees, so every invested dollar goes to work building shareholder value. Devonshire REIT is available for investment only through select community bank trust departments and Registered Investment Advisors. Accredited investors only. Find additional information at http://www.devreit.com
Executive VP & CMO
Devonshire REIT, Inc.
10100 Waterville Street
Whitehouse, OH 43571
This is not an offer to sell or a solicitation of an offer to buy any security or to invest in Devonshire REIT, Inc. or any of its affiliates. Any information provided herein is for informational purposes only and may not be relied upon in connection with the acquisition of securities of Devonshire REIT, Inc. or any of its affiliates. Any securities of Devonshire REIT, Inc. that are offered for sale will be available only to accredited investors and will be sold to accredited investors only upon the acceptance by Devonshire REIT, Inc. of completed subscription documents from such accredited investors.
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SOURCE Devonshire REIT, Inc.