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Business

PANGEA PROPERTIES

Published by Gbaf News

Posted on November 14, 2013

3 min read

· Last updated: October 31, 2023

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Company Overview and Mission

ABOUT PANGEA PROPERTIES:

Pangea Properties is a private real estate investment trust (REIT) targeting the distressed residential multi-family real estate market. Pangea was founded in 2008 with the mission to bring service, value and care to its residents. The unique REIT serves as both the property owner and the building manager, utilizing a call center to support the high bar for service and scalability. Today, Pangea has over $250 million into 8,000+ apartment units throughout Chicago, Indianapolis and Baltimore, with the goal of continuing to expand within current markets as well as into new markets. Pangea has been highlighted by several media outlets including USA Today, WGN TV, Chicago Magazine and the Baltimore Business Journal, among others. In 2013, Pangea debuted at number 42 overall on the annual Inc. 500 list, ranking first overall for the Chicago market and second for the entire real estate industry. Pangea’s founder Al Goldstein has been named one of Crain’s 2013 40 under 40 and is a recipient of the Ernst & Young Midwest Entrepreneur of the Year.

pangea

pangea

Pangea Properties Contact Information

Contact Details:
640 N. Lasalle
Chicago, IL 60654
312-924-5745
info@pangeare.com

Connect With Pangea Properties Online

Facebook: www.Facebook.com/PangeaRE
LinkedIn: www.linkedin.com/company/pangea-properties
Twitter: @PangeaRE.

Official Pangea Properties Website

Website
www.pangeare.com

ABOUT PANGEA PROPERTIES:

Pangea Properties is a private real estate investment trust (REIT) targeting the distressed residential multi-family real estate market. Pangea was founded in 2008 with the mission to bring service, value and care to its residents. The unique REIT serves as both the property owner and the building manager, utilizing a call center to support the high bar for service and scalability. Today, Pangea has over $250 million into 8,000+ apartment units throughout Chicago, Indianapolis and Baltimore, with the goal of continuing to expand within current markets as well as into new markets. Pangea has been highlighted by several media outlets including USA Today, WGN TV, Chicago Magazine and the Baltimore Business Journal, among others. In 2013, Pangea debuted at number 42 overall on the annual Inc. 500 list, ranking first overall for the Chicago market and second for the entire real estate industry. Pangea’s founder Al Goldstein has been named one of Crain’s 2013 40 under 40 and is a recipient of the Ernst & Young Midwest Entrepreneur of the Year.

pangea

pangea

Contact Details:
640 N. Lasalle
Chicago, IL 60654
312-924-5745
info@pangeare.com

Facebook: www.Facebook.com/PangeaRE
LinkedIn: www.linkedin.com/company/pangea-properties
Twitter: @PangeaRE.

Website
www.pangeare.com

Key Takeaways

  • Pangea Properties is a private REIT founded in 2008 in Chicago focusing on value‑add, distressed multifamily properties in underserved urban markets.
  • It directly owns and manages properties—including through a call‑center supported service model—across Chicago, Indianapolis, and Baltimore.
  • The firm has invested hundreds of millions and operates over 8,000 to 13,000 units depending on the source.
  • Leadership includes co‑founder Al Goldstein as Executive Chairman and CEO Pete Martay at the helm.
  • Pangea emphasizes resident service, community reinvestment through Pangea Cares, and long‑term workforce housing solutions.

References

Frequently Asked Questions

What markets does Pangea Properties operate in?
Pangea operates in Chicago, Indianapolis, and Baltimore.
When was Pangea Properties founded and by whom?
Pangea was founded in 2008 by Al Goldstein.
How does Pangea manage its properties?
Pangea owns and self‑manages its properties using a dedicated call‑center and local teams.
How many rental units does Pangea manage?
Estimates range from over 8,000 units to around 13,000 across its markets.
What is Pangea Cares?
Pangea Cares is its nonprofit initiative focusing on food, education, and development in communities it serves.

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