Seattle’s Avenue5 Property Management Named One Of Fastest Growing Private Companies

Error message

  • Notice: Undefined index: taxonomy_term in similarterms_taxonomy_node_get_terms() (line 518 of /home/rentalho/public_html/sites/all/modules/similarterms/similarterms.module).
  • Notice: Undefined index: taxonomy_term in similarterms_taxonomy_node_get_terms() (line 518 of /home/rentalho/public_html/sites/all/modules/similarterms/similarterms.module).
  • Notice: Undefined offset: 0 in similarterms_list() (line 221 of /home/rentalho/public_html/sites/all/modules/similarterms/similarterms.module).
  • Notice: Undefined offset: 1 in similarterms_list() (line 222 of /home/rentalho/public_html/sites/all/modules/similarterms/similarterms.module).
The Editors's picture
Seattle property management firm named one of fastest growing

Seattle's Avenue5 Residential, a multifamily property management services firm, has been named as one of the 100 Fastest-Growing Private Companies of Washington for 2017 in the Puget Sound Business Journal's prestigious annual list, according to a release.

The company has ranked fourth place on the list, based on its revenue increase from 2014 through 2016.

"As a company that was founded in Seattle, and has long been focused on growing our client and associate base throughout the state of Washington, being named on this list is an honor for us," Walt Smith, CEO of Avenue5, said in a release. "Washington has provided us with an abundance of talent, opportunities, and multifamily real estate connections that have helped to propel our expansion nationwide."

Founded in 2014 by Smith, chief operations officer Steve Davis, and chief financial officer Pål Ottesen, Avenue5 is a private third-party property management company.

Property management company in 12 states

 At the company's inception, it managed a 33-property, 6,500-unit portfolio on behalf of a single client. The company now employs over 1,100 associates and manages more than 200 properties and 40,000 units in 12 states nationwide, with over 60 properties and 9,500 units in the state of Washington. Avenue5's current base of nearly 50 clients includes institutional investors, advisors, high-net-worth individuals, and others.

After initially operating out of a single office in Seattle, the company now has offices in Denver, Phoenix, Portland, San Diego and the Washington, DC metro area, and has local experts in more than 90 cities nationwide.  

"We're proud to contribute to Washington's economic vitality, to support the multifamily property owners who operate here, and to create comfortable apartment homes for our residents statewide," Davis said in the relase. "As our Seattle headquarters and local market presence across the state continue to grow, we look forward to finding innovative ways to serve our neighbors and strengthen our local communities."

About Avenue5 Residential

Avenue5, a multifamily property management services firm, oversees more than 200 properties and 40,000 units in 12 states. The company is headquartered in Seattle, and has offices in Denver, Phoenix, Portland, Salt Lake City, San Diego, and greater Washington, DC. Avenue5 also has local experts in major markets including Spokane, Southern and Northern California, Reno, Las Vegas, Salt Lake City, Albuquerque, Colorado Springs, Austin, San Antonio, Dallas, and Baltimore. The firm employs about 1,100 associates nationwide.

 

 

Rate this article: 
No votes yet