August 9, 2022 – Hoover, Ala – Inc. magazine announced Lake Homes Realty has been named one of the fastest growing companies in the country for the sixth consecutive year. Lake Homes Realty ranked No. 3,481 on its annual Inc. 5000 list. This is the sixth consecutive year Lake Homes Realty has made the Inc.5000 list.
Lake Homes Realty is one of 15 Birmingham companies on the list and 42 in Alabama. For 2022, 130 real estate companies made the list nationally.
The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses.
Inc. 5000 Rankings for Lake Homes Realty
2022 – 3,481
2021 – 2,711
2020 – 3,156
2019 – 2,491
2018 – 1,582
2017 – 927
“Lake Homes Realty offers a unique focus on niche real estate in 35 states,” said Glenn Phillips, CEO of Lake Homes Realty. “We help people find, buy, and sell lake homes and land across the country in a way not offered by any other companies,” Phillips said. “Making the Inc. 5000 list once is quite an honor. Making the list six consecutive years is a testament to our innovative approach to real estate, an exceptional team, and thinking outside of the box while selling the lake lifestyle,” he said. The company serves buyers and sellers by providing full-service real estate brokerage services through wholly-owned (no franchising) brokerages plus the incredible market reach at www.lakehomes.com. For a complete list of winners, visit inc.com/inc5000.
NEW YORK, August 17, 2021 – Inc. magazine today revealed that Lake Homes Realty is No. 2,711 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. Lake Homes moved up 445 spots on the list after having a record sales year in 2020. This is the fifth consecutive year Lake Homes Realty has made the Inc.5000 list. From 2017 to 2020, the revenue at Lake Homes Realty revenue increased by 149% and the number of employees quadrupled. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
Inc. 5000 Rankings for Lake Homes Realty
2021 – 2,711
2020 – 3,156
2019 – 2,491
2018 – 1,582
2017 – 927
“As families looked for ways to flee crowds and to reconnect during the pandemic, Lake Homes Realty offered solutions in 33 states last year,” said Glenn Phillips, CEO of Lake Homes Realty. “We help people find, buy, and sell lake homes and land across the country,” Phillips said. “Making the Inc. 5000 list once is quite an honor. Making the list five consecutive years is a testament to our innovative approach to real estate, an exceptional team, and thinking outside of the box while selling the lake lifestyle,” he said. The company serves buyers and sellers by providing full-service real estate brokerage services through wholly-owned (no franchising) brokerages licensed in 33 states and growing plus the incredible market reach at www.lakehomes.com. “During an unprecedented time, our real estate agents worked with buyers and sellers from across the country leading to an increase in sales of more than 60 percent in 2020 and our numbers continue to grow in 2021,” he said.
Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on August 20, 2021.
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”
Methodology
Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 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 three decimal places. There was one tie on this year’s Inc. 5000. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
About Lake Homes Realty
Lake Homes Realty is the nation’s largest lake-focused real estate company. Lake Homes Realty provides full-service, multi-state real estate brokerage services in 33 states. LakeHomes.com has more than 70,000 lake properties listed, totaling $30 billion. Inc. Magazine has ranked Lake Homes Realty as one of the fastest-growing companies for the past five years. More states coming soon. www.lakehomes.com.
For the third consecutive year, The Birmingham Business Journal has named Lake Homes Realty among the 30 fastest growing businesses in Birmingham.
Lake Homes Realty was ranked number 28 on the list, released on Sept. 1, 2017.
The company was the highest ranked real estate company on the list, also for a third straight year.
“I’m excited about this for our team. We’ve made this list every year the company has been eligible. Since the rankings are based on annual growth rate, each year requires significantly more growth to make the list again,” said CEO Glenn S. Phillips.
“I believe our continued strong growth shows the value of our original vision to provide our agents and clients a true unique advantage in real estate,” added Phillips.
To be eligible for the 2017 FastTrack 30, companies must be headquartered in metro Birmingham and have had at least $100,000 in revenue in 2015. Rankings are based on the percentage of revenue growth between 2015 and 2016.
The list represents a wide range of industries, from health care and technology to retailers and home builders.
Birmingham, Alabama-based Lake Homes Realty is now licensed and operating real estate brokerage services in New York and Connecticut.
This expands the company’s brokerage operations footprint to 13 states in just four years.
“Our team has done a great job of expanding our business footprint, while still focusing on great service for all our buyers, sellers and agents,” said Lake Homes Realty CEO Glenn S. Phillips.
New York and Connecticut are Important States
“New York and Connecticut are important states as we grow our presence across the northeastern U.S. And like each state we add, we again find people love living at their favorite lake,” added Phillips.
“With each state we add, it adds value to all our markets. We are now full brokerage members of 60 Multiple Listing Services (MLSs). This gives our clients and agents very unique and comprehensive access to lake real estate data through our popular website.”
Glenn S. Phillips, CEO Lake Homes Realty
Lake Homes Realty is one of the nation’s fastest growing real estate companies. The company operates full-service, lake-focused real estate brokerages.
Unique Brokerage Model
The company’s unique operations model is built around the concept of the largest one-stop website for lake homes and land, while coupling this with the brokerage’s own licensed local market expert real estate agents.
It is the best of local face-to-face real estate combined with technology similar to national real estate portals.
The company has foregone a focus on brick-and-mortar locations. Instead, the business invests in a select group of top producing local agents and in providing consolidated multi-market lake real estate listings for consumers via the company website, www.LakeHomes.com.
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About Lake Homes Realty
Lake Homes Realty is a full-service, multi-state real estate company focused on lake homes and land. Lake Homes Realty is a licensed real estate brokerage in 13 states, including its home state of Alabama, and is growing rapidly into additional states.
