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It was 2002. Silicon Valley was mired in the dot-com bust affecting all corners of the technology sector. As a result the local real estate market grinded to a halt. In true Silicon Valley spirit, that was the exact, perfect moment to launch a startup real estate brokerage. Intero`s desire wasn`t to be like all other brokerages. Not only were we committed to providing our residents and neighbors a service that heralded the very nature of where we live, we owed it to our new neighbors, recruited from all over the world to come and work for many of the most creative, progressive companies on the planet. Powered by an entirely new technology platform, backed by a solid investment, lead by a team of real estate veterans who were all born, raised and weaned right here in the Silicon Valley, Intero Real Estate Services was born. Over the past 7 years, against the pressures of a challenging market, we continued to advance our training programs, update all of our technology, grow our brand into other markets and build a luxury sub brand. We did all this because this is who we are. In 2014, in the truest spirit of Silicon Valley, we were acquired by HomeServices of America, Inc., a Berkshire Hathaway affiliate and one of the most respected names in the business. In a way, this is simply part of the unique and wonderful story so many great companies encounter from this area. But more importantly, it is the obvious next chapter that plays to the innovative spirit that birthed us, nurtured us and took us from start-up to established. True to our nature and intent, through this acquisition, we have retained our Intero name, which has become synonymous with the top agents in the business and our regard for the communities we serve. Our founders are still here willingly running our company just as they always have done. So while nothing changes, everything will continue to transform when it comes to progress, innovation and servicing our clients. Just as it always has.
Monitor Realty Management Inc is a Pittsfield, MA-based company in the Real Estate and Construction sector.
Essential Properties Realty Trust, Inc. (NYSE: EPRT) is a publicly-traded real estate company based in Princeton, NJ, that owns, acquires, and manages single-tenant net lease (STNL) properties. By utilizing sale-leaseback transactions, Essential provides growth capital to middle-market companies with attractive credit profiles and stable operating histories. Essential primarily targets tenants that operate service-oriented and experience-based businesses within industries like restaurants, car washes, automotive services, convenience stores, medical and dental clinics, pet care services, early childhood education, equipment rental and sales, entertainment, and health and fitness. The company is also actively engaged in the grocery and building materials industries. As of March 31, 2021, our portfolio consisted of 1,240 freestanding net lease properties with a weighted average lease term of 14.3 years and a weighted average rent coverage ratio of 3.0x. As of the same date, the portfolio was 99.1% leased to 259 tenants operating in 17 distinct industries across 43 states.
Richard Rush Realty is a Chicago, IL-based company in the Real Estate and Construction sector.
Kenmure Properties is a Flat Rock, NC-based company in the Real Estate and Construction sector.