10 Federal’s third self-storage fund is up and running, raising $7.4 million in 18 days…
10 Federal Storage Ranks Among America’s Fastest-Growing Private Companies
NEW YORK, August 15, 2023 – Inc. revealed today that 10 Federal ranks No.1616 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.
“Ranking 1616 on the Inc. 5000 list is not just a number—it's a testament to the relentless dedication and unwavering commitment of every individual at 10 Federal Storage. We've embarked on a journey fueled by innovation, collaboration, and a shared vision to redefine what's possible in our industry," said Andrew Capranos, President of 10 Federal Storage.
The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238 percent. In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, available on newsstands beginning Tuesday, August 23.
“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”
10 Federal Companies functions as a commercial real estate firm that harnesses the power of technology and vertical integration to foster exceptional risk-adjusted returns. Since its inception in 2010, the organization's steadfast dedication to pioneering novel approaches for enhancing performance has propelled it to the forefront of multiple industries. The company's distinctive strategy involves maintaining proprietary systems across all departments, encompassing not only Self Storage, Construction, Multi-Family, Technology, and Finance, but extending beyond these domains as well.
Headquartered in Raleigh, NC, 10 Federal Storage is a leading high-tech operator of self-storage facilities, specializing in fully automated properties. With a portfolio spanning 12 states and over 75 properties, 10 Federal leverages innovative technology and data-driven insights to deliver exceptional self-storage experiences while providing superior investor returns. The organization's technology boasts nationwide capabilities, fortified by a centralized back office and an in-house Call Center. This strategic infrastructure empowers the company to confidently own and manage properties throughout the nation, underscoring its prowess as an innovator and industry leader.
More about Inc. and the Inc. 5000
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.