Real Estate Still Booming In Central PA
While the rest of the U.S. market sags, real estate continues to boom in Central Pennsylvania. No where is this more evident than around Harrisburg, the state's capital located between Pittsburgh and Philadelphia. Case in point, Triple Crown Corporation, a Harrisburg PA home builder, is in the midst of a major expansion and is even considering moving into other markets outside of Pennsylvania.
Nationally, real estate companies have scaled back their operations. But, this hasn't been true everywhere. A leader in the Central Pennsylvania real estate market, Triple Crown Corporation continues to build new Harrisburg homes and commercial spaces. Also, the company's property management division owns and manages 739 rental homes, town houses, and apartments, as well as nearly 1.6 million square feet of warehouse, retail, and office space in Harrisburg PA and the surrounding area.
On the tail of another stellar year, Triple Crown Corporation was named "Property Management Company of the Year" by the Apartment Association of Central PA. The award came during the company's 30th year in business. Triple Crown Corporation was chosen as the overall winner after a careful review of several, top-ranking area companies.
Some experts believe that the success of the Central PA market can be traced to a history of family-owned businesses. Founded in 1977 by Alex DiSanto, Triple Crown Corporation started with just four employees and one office. DiSanto sold the company in 1997 to his sons John and Mark. Now, after 30 years of solid growth and profitability, the company has grown to 79 employees and seven offices.
When asked about the company's future, CEO DiSanto replied, "We truly believe that we can double our market share within the next three years." To meet this ambitious goal, Triple Crown Corporation is considering a three-year plan which includes the possibility of expanding into New York, Delaware, Maryland, and even Florida - an impressive feat given the current real estate market nationwide. Like the hare and the tortoise, sometimes slow and steady can win the real estate race.
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