Menkiti Group and Affiliated Brokerage Keller Williams Capital Properties Honored on the Inner City 100 List by ICIC and Fortune Magazine
Annual ranking showcases the 100 fastest-growing urban businesses in America
WASHINGTON, DC – The Menkiti Group today announced that it has been honored by the Initiative for a Competitive Inner City and Fortune Magazine as the 14th fastest-growing inner city company in the U.S. Regional real estate brokerage Keller Williams Capital Properties, which is operated by the Menkiti Group, earned the rank of 20th in the country.
The Inner City 100 program recognizes successful inner city businesses and their CEOs as role models for entrepreneurship, innovative business practices, and job creation in America’s urban communities. Honorees are ranked according to revenue growth against their sector peers, as well as against inner city companies overall.
The Menkiti Group reported 2013 revenues of $11.8 million and a gross 5-year growth rate of 526% percent. Keller Williams Capital Properties reported 2013 revenues of $38 million and a gross 5-year growth rate of 473%.
The Menkiti Group was founded in 2004 by social entrepreneur Bo Menkiti, with a mission to transform lives and communities through real estate. The company’s approach to urban neighborhood transformation is centered upon residential and commercial development, sales, and leasing. In 2006, Mr. Menkiti formed the Keller Williams Capital Properties brokerage with partners Brandon Green, Carlos Garcia, Jason Martin, and Joel Nelson. In eight years the brokerage has grown to five offices throughout DC, Maryland, and Virginia, with nearly 600 associate agents and over $1.3 Billion in 2013 sales.
“We have been committed to the transformation of urban neighborhoods since the inception of the Menkiti Group,” stated Mr. Menkiti. “Our mission and indeed our success as a company are premised upon investing in emerging urban markets that have traditionally been resource deprived, but culturally rich. It is in this space that we partner with communities to fully harness the value of their existing cultural and physical assets and to drive economic development that enhances the fabric of life for all residents.” Mr. Menkiti was recently recognized by the Washington Business Journal as a 2014 Minority Business Leader.
Both the Menkiti Group and Keller Williams Capital Properties were recently honored on the 2014 Inc. Magazine 5000 list of fastest growing privately held companies in the country.
The Menkiti Group is a real estate services company dedicated to transforming lives and communities in the Washington DC area. The Menkiti Group is focused on strengthening neighborhoods through the strategic development, management, and sale of real estate in urban markets.
Keller Williams Capital Properties, operated by the Menkiti Group, is committed to transforming lives and communities through real estate in the DC Metropolitan area. KWCP is dedicated to providing the highest quality representation to buyers and sellers of real estate and to being the company of choice for the next generation of real estate practitioners in the DC metropolitan area.
Stephanie Liotta Atkinson