With Three-Year Revenue Growth of 1000+ Percent, Ashland Greene Ranks No. 145 Among America’s Fastest-Growing Private Companies
NEW YORK, August 15, 2023 – Inc. magazine has named Dallas-based real estate firm, Ashland Greene, as No. 145 on its esteemed annual Inc. 5000 list. This annual list is a notable recognition of the fastest-growing independent businesses in the nation, underscoring the vitality and success within this segment of the American economy.
Ashland Greene, with its stellar three-year revenue growth of 3,617 percent, joins the ranks of past honorees that include powerhouse brands such as Microsoft, Zappos, and Under Armour. The Inc. 5000 list gives national recognition to businesses achieving significant growth.
Shakti C’Ganti, Ashland Greene’s Founder and CEO, remarked, “We are incredibly honored to rank amongst the country’s most dynamic and high-growth businesses. This recognition is a testament to our dedicated team, loyal investors, and the vibrant communities we serve. Our local focus and commitment to sustainable value creation have allowed us to deliver significant returns, and we look forward to building on this momentum.”
The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238 percent. In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, available on newsstands beginning Tuesday, August 23.
“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”
“Ashland Greene’s rise is not just about financial growth; it’s about investing in the heart of Dallas-Fort Worth, enriching communities, and creating value at every touchpoint. We see our place on the Inc. 5000 as an endorsement of our unique approach and a challenge to continue exceeding expectations,” said Tyler McWilliams, Chief Operations Officer at Ashland Greene.
Ashland Greene Capital
Ashland Greene is a Dallas-Fort Worth-based, vertically integrated multifamily investment firm founded in 2017. With a core mission of balancing the needs of residents, investors, employees, and communities, the firm specializes in transforming undervalued properties into thriving communities. The local focus and commitment to trustworthiness have allowed Ashland Greene to transact on 6,700 units, delivering $57M to investors, with a total transaction value of $1.1B. Through long-term relationships and a keen sense of social responsibility, Ashland Greene creates a unique investment experience, aiming for exceptional returns, while positively impacting lives and communities. For more information, visit https://ashlandgreenecapital.com/
More about Inc. and the Inc. 5000
Methodology
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
About Inc.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.
