"We have a very good staff and a great product and service, so we expect to continue to grow" Kent Clothier, Sr., CEO and Founder of Memphis Invest.
MEMPHIS, TN, October 01, 2013 /24-7PressRelease/ -- Memphis Invest, GP, is now known for being three things: a Memphis based real estate investment company, a family-owned company with a history of Memphis entrepreneurial spirit, and now as a multi-year recipient of being honored on the Inc. 500/5000 Fastest Growing Private Companies in America list. Memphis Invest was honored in 2012 as #1,320 on the list and skyrocketed up the list in 2012 to #303.---
Memphis Invest was the only Memphis based company in the Top 500 for 2013 and one of nine Memphis companies on the combined list of the Top 5000. This year's Top 500 list also included nine companies from Tennessee with most being headquartered in Nashville, Franklin and Brentwood. Out of the nine Tennessee companies to make the list, Memphis Invest was ranked as the 3rd fastest growing company in the state. With revenue of $40 million, Memphis Invest recorded a three year growth of over 1,400%.
"I cannot say that we were surprised to be on the Top 500 list this year" stated Kent Clothier, Sr., CEO and founder of Memphis Invest. "We have a very good staff and a great product and service, so we expect to continue to grow."
What was surprising during the review was the fact that Memphis Invest had hired over 30 employees in that time period and helped dozens of other Memphis area entrepreneurs stabilize and grow their businesses. Memphis Invest spent close to $13 million on goods and services with small businesses in the Memphis area during 2013. As the company has grown so has the revenue of other small businesses and that growth has helped them in adding jobs, vehicles, machinery and services.
"It is nice to see a vendor pull up in a new van or show up with new employees that they are training. Those are signs of a growing and thriving business", Clothier added. "If they are growing and prospering then so are we and that fits right into our philosophy of finding a way to help other people. If we do that enough, we will be just fine."
Memphis Invest is traveling to Dallas, Texas in early October for company planning meetings and staff training and has plans on more growth into the future. The company operates a second office in the Dallas, Texas market and has plans in place to open a third office in the Houston, Texas area later this month. With these plans in place, Memphis Invest expects to continue to have a presence on the Inc. 500 list.
"Names like Zappos, Jamba Juice, Under Armour, just to name a few, are always talked about as companies that have been included on this list. We would like for Memphis Invest, GP to be one of the names that others include when talking about companies that have been included on this list."
Memphis Invest, GP is a family-owned real estate investment company that specializes in assisting investors with purchasing passive investment properties. The company purchases, renovates and manages investment properties in Memphis, TN. and Dallas, TX. and is managing just shy of $200 million in property asset value for clients. The company is on pace to purchase 500 investment homes in 2013 between the two markets and manages 1,920 properties for 800 investors. Memphis Invest employees 41 people and works with over 100 contractors employing between 400 and 600 skilled laborers. On January 1, 2014 the company expects to be managing 2,100 properties with a market value of $200 million in Memphis, TN., Dallas, TX. and Houston, TX.
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