Pangea’s Steve Joung Promoted to President
Pangea Properties is pleased to announce that Co-founder Steve Joung has been promoted to President of the company. Joung, who formally held the Chief Operating Officer (COO) position, will oversee management and operations of Pangea Properties in his new role as President. Before co-founding Pangea Properties, Steve served as the COO at CashNetUSA, an online lending company which now operates as Enova International.
Al Goldstein, CEO of Pangea Properties, explains that Joung has been an integral part of the company’s growth and success. “Since our inception, Steve has been at the forefront of securing fundraising, stabilizing our properties and overseeing the overall growth strategy,” says Goldstein. “Steve is a vital asset in leading this company into the next phase of growth.”
Pangea Properties, a private Real Estate Investment Trust (REIT), was co-founded by Joung and Goldstein in 2008. Over the past four years, Pangea has invested over $250 million into renovating nearly 10,000 distressed units throughout Chicagoland, Indianapolis and Baltimore. In 2013, Pangea was named the 2nd fastest growing real estate company in the nation according to the Inc. 500 list and made its inaugural debut on the Chicago Tribune’s “Top Workplaces” list.