Pangea Properties is proud to announce that President Al Goldstein received the top honor of Ernst & Young Emerging Entrepreneur Of The Year® in the Midwest. The award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. Goldstein was selected from a strong pool of nominations by a panel of independent judges. Awards were presented at a black-tie gala on June 27, 2013 at the Hilton Hotel in Chicago, Illinois.
Now in its 27th year, the Entrepreneur Of The Year Program has expanded to recognize business leaders in more than 140 cities in over 50 countries throughout the world.
Goldstein, who was born in Soviet Uzbekistan, immigrated to the United States with his family at the age of 8. His first entrepreneurial project, an online specialty lending service now operating as Enova International, was so successful he was able to sell it for $265 million after only two years. In the four years since he opened Pangea Properties, the Chicago-based REIT has invested over $100 million to rehab distressed properties in sections of Chicago, Indianapolis and Baltimore.
Goldstein explains, “Our goal is to revitalize underserved areas by making affordable, high-quality rental units available. In addition, through partnerships with community organizations, local government and local non-profits, we support and encourage residents to enrich and take ownership of their neighborhoods.”
“It is an honor to receive this award,” continues Goldstein. “I came to the United States and quickly learned that there’s an unlimited amount of opportunity if you’re willing to work hard to achieve your goals. With my latest venture, Pangea Properties, we saw an area within the real estate market that had a lot of room for improvement and we devoted both time and effort to become an industry leader. Being recognized for that initiative is extremely rewarding.”
Congrats to Al Goldstein and here is to many years of continued success and community service!