86°F
weather icon Windy

Las Vegas-based Ascent Multifamily one of the fastest-growing private U.S. companies

Inc. magazine has announced that Las Vegas-based firm Ascent Multifamily is No. 374 on its annual Inc. 5000 list, a prestigious ranking of the nation’s fastest-growing private companies. The firm was recognized for its impressive three-year revenue growth of 1,218 percent.

“We are incredibly proud to be recognized in this select group of companies across the country,” said Mike Ballard, partner at Ascent Multifamily. “We attribute our exceptional growth over the past three years to our partners and incredible team members who are dedicated to providing our clients with the best experience possible.”

Ascent’s high ranking earned the firm a spot on the Inc. 500 list, representing the top-tier companies named to the Inc. 5000. The 2020 Inc. 5000 represents a comprehensive look at the most successful small businesses in the U.S., all of which showed notable growth between 2016 and 2019.

To qualify, businesses had to generate a minimum of $100,000 in 2016 and a minimum of $2 million in 2019.

Ascent is part of an elite group of companies that have been recognized on the list over the years, including Intuit, Zappos, Under Armour, Microsoft and Patagonia.

“The companies on this year’s Inc. 5000 come from nearly every realm of business,” said Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”

Ascent is in its fifth year of operations, offering services exclusively to the multifamily industry. The firm provides a multitude of back office services to allow property owners and third-party management companies to focus on their clients and business development.

Ascent’s services include outsourced accounting and bookkeeping including management of the payables process, assisting with budgets, handling payroll and human resource issues, creating monthly financial reports, reconciling bank and mortgage accounts and preparing all year-end W-2s and 1099s.

The firm also offers acquisition and due diligence services, business consultation and human resources administration.

Ascent currently provides accounting and back office services for more than 38,000 units throughout the country.

To view the entire list, company profiles and an interactive database, visit inc.com/inc5000.

For more information about Ascent Multifamily Accounting, visit multifamilyaccounting.com.

Ascent Multifamily is a consulting and outsourcing firm focused solely on the multifamily industry and currently manages the accounting for more than 38,000 properties throughout the country.

Ascent works with large portfolios as well as owners of just a few properties, providing consulting and accounting services.

MOST READ
Don't miss the big stories. Like us on Facebook.
THE LATEST
Summerlin near several recreational destination spots

Situated adjacent Red Rock Canyon National Conservation Area, the master-planned community of Summerlin has long been a draw for homebuyers seeking immediate access to one of the most spectacular natural landscapes in Southern Nevada and a world-class hiking, rock-climbing and cycling destination.

Fourth of July fireworks show returns to Lake Las Vegas

Let freedom ring and the fireworks soar! Lake Las Vegas is once again partnering with the city of Henderson to present its annual lakeside Fourth of July fireworks show, set to dazzle residents and guests July 4 at 9 p.m. over the community’s signature 320-acre lake.

Summertime events slated at Downtown Summerlin

While the temperatures heat up, so does the activity at Downtown Summerlin, the vibrant urban core of the Summerlin master-planned community that offers shopping, dining, entertainment and professional sports. This summer, there’s a full schedule of events and activities for the entire family.

Summerlin Trail System continues to evolve with community

While the Summerlin master-planned community is renowned for many things, perhaps no element of the community is more beloved than its trails, which consistently rank as residents’ favorite amenity in community surveys. Summerlin’s 200-plus mile trail system, which connects neighborhoods and residents with parks, shopping centers and schools, provides miles of uninterrupted scenery for walkers, strollers and runners — promoting a healthy, active lifestyle.

Cadence offers an array of parks for outdoor fun

Cadence isn’t just about beautiful homes; it’s a thoughtfully designed community that fosters an active lifestyle through its extensive network of parks and recreational spaces. Committed to providing residents of all ages with the opportunity to connect with nature and each other, Cadence boasts a diverse collection of parks, each offering unique amenities.

KB’s Caldwell Park opens in Summerlin

The newest neighborhood to open in the Summerlin master-planned community is Caldwell Park by KB Home, offering two collections of modern and contemporary single-family and townhomes, ranging from 1,430 square feet to 2,466 square feet, and priced from the $400,000s.

LGI to open age-qualified community

LGI Homes announced the opening of The Oasis at Hollywood Springs, an exclusive 55-plus active-adult collection.

Lennar opens Mockingbird in Summerlin

The newest neighborhood to join the line-up in the Summerlin master-planned community is Mockingbird by Lennar, offering single-family and NextGen homes. Located in the Kestrel district, Mockingbird offers three two-story floor plans from 3,000 square feet to 3,335 square feet, priced from the high $800,000s.

MORE STORIES