Tag Archives: Bo Menkiti

Keller Williams Capital Properties Named One of the Nation’s Fastest-Growing Inner City Businesses

The Initiative for a Competitive Inner City (ICIC) announced that Keller Williams Capital Properties has made the 2018 Inner City 100 list of the fastest-growing inner city businesses in America, based on revenue growth. ICIC, a 25-year-old national nonprofit founded by Harvard Business School professor Michael E. Porter, promotes economic prosperity in America’s inner cities through private sector investment that leads to jobs, income and wealth creation for local residents.

The list was revealed at the 20th Annual Inner City 100 Conference and Awards in Boston October 1-2.  The full list is available on Fortune’s website. Keller Williams Capital Properties, led by CEO Bo Menkiti and COO Dontae Carroll was ranked #92 based on its growth rate from 2013 to 2017 of 68.33% and 2017 revenue of $64,811,875.

2018 marked the 5th appearance on the prestigious list for KWCP, placing our brokerage into the ICIC fastest-growing companies Hall of Fame. The Menkiti Group was also ranked for a record 5th appearance, this year at #93, which places the company into the Hall of Fame as well.

Said ICIC CEO Steve Grossman, “Inner City 100 companies are forces of economic opportunity, optimism and transformation in their communities. They lead the way in innovation, job creation and economic revitalization and it’s an honor to shine the spotlight on their leadership and accomplishments. In addition to excellence in business, these pioneering entrepreneurs have demonstrated a deep commitment to and passion for their communities, which significantly impact the wellbeing of their local economies”.

Now celebrating its 20th year, ICIC’s Inner City 100 list has long celebrated urban entrepreneurship. Since its inception, ICIC’s list has recognized 975 companies, which have seen average growth rates of more than 400 percent during a five-year period and have collectively created more than 126,000 meaningful jobs in America’s distressed and underserved communities and neighborhoods.  The Inner City 100 program opens doors for other budding urban entrepreneurs and stimulates inner city business development and job creation through recognition, networking and learning.

“These businesses and their owners are a testament to the impact innovation and entrepreneurship have had in rejuvenating urban areas across the U.S. Companies such as (COMPANY NAME) are experiencing revenue growth and increased investment, which are in turn creating more jobs and economic opportunity for citizens in the communities where these companies call home” said ICIC President and COO, Matt Camp.

2018 Inner City 100 by the numbers:

  • Average growth rate of 436 percent between 2013 and 2017
  • Represent 46 cities in 23 states
  • Employed 10,085 individuals in 2017
  • Created 5,516 new jobs in the last five years
  • On average, 36 percent of employees live in same neighborhood as the company.
  • Average company age is 15 years
  • Average 2016 revenue is $14.8 million
  • 31 percent are women-led
  • 38 percent are minority-led
  • Represent 26 industries

CEOs from the winning companies were invited to the Inner City 100 Conference and Awards, two days of robust networking opportunities and educational sessions led by Fortune 500 executives and academics from top-tier universities, including Harvard Business School. Past winners have reported connecting with multi-million dollar investors as a result of appearing on the Inner City 100 list and attending the Conference.

Initiative for a Competitive Inner City (ICIC)

ICIC is a national nonprofit founded by Harvard Business School professor Michael E. Porter. ICIC’s mission is to promote economic prosperity in America’s inner cities through private sector investment that leads to jobs, income and wealth creation for local residents. Through its research on inner city economies, ICIC provides businesses, governments and investors with the most comprehensive and actionable information in the field about urban market opportunities. The organization supports urban businesses through the Inner City 100, Inner City Capital Connections, Goldman Sachs 10,000 Small Businesses program, and Santander Bank’s Cultivate Small Business program. Learn more at www.icic.org or @icicorg.

KWCP Solidifies Status as a Powerhouse in the Real Estate Industry

Washington, June 2018 – With Annual Reports in from three of the industry’s leading publications – RISMedia Power Broker 1000, Real Trends 500 and Swanepoel Mega 1000 – Keller Williams Capital Properties once again ranks among the largest real estate brokerages in America.

KWCP’s nearly 1000 associates closed a record-breaking year in 2017 logging $2,223,217,224 in Sales Volume and 4,775 transaction sides, a 6% increase from 2016 numbers.

KWCP, with seven Washington, DC metro-area offices, stands as one of the fastest-growing Keller Williams Realty International brokerages ranking in the Top 15 of all KW franchises across all three lists.

KWCP is honored to be ranked among the best and believes this is a testament to the strength of our business and the dedication of our incredible Agent Entrepreneurs, who work each day to help the company grow as a leader in the region, and across the country.

KELLER WILLIAMS CAPITAL PROPERTIES ADDS DONTAE CARROLL AS NEW CHIEF OPERATING OFFICER

Addition of Carroll as a senior level executive enhances the 1,000 agents strong brokerage for continued growth and expansion across greater Washington, DC metropolitan region.

Washington, DC – Keller Williams Capital Properties, a top 100 residential real estate brokerage in the U.S., and a top 15 Keller Williams Realty International franchise, announced today that Dontae Carroll will become the new Chief Operating Officer for its eight regional offices throughout DC, Maryland, and Virginia.

“We are very fortunate to have connected with Dontae, who is known in our industry to be a highly regarded senior leader, with extensive operational insight in some of the leading brokerages across the country. The addition of Dontae to our team will strengthen our ability to help our 1,000 Agent Entrepreneurs build and grow their businesses,” said KW Capital Properties CEO and Co-Founder Bo Menkiti.

Brandon Green, Co-Founder and Principal Broker added, “With this move, we are excited to advance the attraction and growth of more top agents, as we continue to capture more market share in the region and lead the way for real estate professionals.”

“The Keller Williams model has always fascinated me and seeing how Keller Williams Capital Properties is an industry leading company, I knew this would be a good fit with tremendous opportunity,” commented Carroll. “I’m really eager to learn all I can about the company that Bo Menkiti and Brandon Green have built and led over the last 14 years so that I can leverage the many assets of the organization to help take it to new heights,” he added.

Most recently Dontae Carroll was a senior executive and regional manager at Long & Foster Real Estate, where he oversaw 19 offices and realized success in managing and leading service teams. Prior to starting with Long & Foster in 2011, Carroll held similar roles for large real estate organizations such as Century 21 and RE/MAX. Carroll began his real estate career in 2000 and later became a Certified Brokerage Real Estate Manager, coming to the role at KWCP with over 18 years of experience in the real estate industry.

Prior to joining Long & Foster, Carroll worked with Century 21 in a number of positions, including regional director for brokerage services in eastern Pennsylvania and Maryland, general manager for a highly productive firm in Southern Maryland, and as Mid-Atlantic vice president of business development. He also worked at RE/MAX as a management consultant for the eastern Pennsylvania and Delaware brokerages. Carroll specializes in coaching, business planning, business development, strategic planning, and sales operations.Carroll received his bachelor’s degree in marketing from Loyola University in Maryland in 1996 and is a licensed realtor in Maryland, where he’s been a lifelong resident. He and his wife have two children.

For more information about Keller Williams Capital Properties, or for growth opportunities with KWCP, contact Dontae Carroll at 202.733.5474, dcarroll@kwcapitalproperties.com, or visit KWCapitalProperties.com

Gary Keller, KWCP, and Bo Menkiti Included in 2018 Swanepoel lists

The 2018 SP200 (Swanepoel Power 200) and other Real Estate industry recognition lists are the definitive rankings of the leaders and executives in the residential real estate brokerage industry published annually by T3 Sixty.

On the SP2018 Trendsetters list is Keller Williams Capital Properties CEO and Founder Bo Menkiti, in an exclusive list of 20 other innovators, dealmakers, and movers-and-shakers who made a noteworthy impact over the last year.

Standing at the top in the #1 spot of this year’s Power 200 list is Gary Keller, co-founder and chairman of Keller Williams Realty International, and he is joined on the list by KW colleagues, including CEO John Davis (#7), Regional Owner and KW Board Member Mary Tennant (#74), MAPS CEO Diana Kokoszka (#89), Josh Team, Chief Innovation Officer (#134), and several other Regional Owners.

Other lists recognize Corporate Executives, Power Brokers, Technology Executives, ORE Executives, Women Leaders, Emerging Leaders, Trendsetters, and Social Influencers. In all the Swanepoel lists include 360 industry professionals, of more than an estimated 6 million professionals worldwide.

The SP200 team invests more than 400 hours analyzing hundreds of bios, annual reports and transaction and sales volume data. They send hundreds of requests for additional information, personally verifying announcements, stats, and actions that took place over the past year. Then they spend several days in a room deliberating who, what and why.

Real Estate Industry leaders are evaluated based on the office they hold, the decision-making power associated with the office, the financial resources at their disposal, their organization’s industry significance and geographical reach, public announcements about imminent changes, their tenure and their personal influence in the industry.