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Home > Company Index > Real Estate > Residential Construction > Edward Rose Building Enterprise

Edward Rose Building Enterprise
 PROFILE
Edward Rose Building Enterprise is one of the largest real estate developers in the Midwestern US. The family-owned firm (begun in 1921 by the father of CEO Sheldon Rose) builds, owns, and manages apartment buildings. It operates throughout the Midwest, owning more than 45,000 apartments and managing another 43,000, primarily in Michigan and Indiana. Subsidiary Occidental Development builds apartments in Indiana, Ohio, and Virginia. Some of its complexes offer corporate suites with flexible lease terms for businesses. The company's strategy is to build its properties, manage them long term, and maintain 100% ownership.

 COMPETITION
Apartment Investment and Management Company (AIV)
Equity Residential Properties Trust (EQR)
Jones Lang LaSalle Incorporated (JLL)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 340.00
1-Yr. Sales Growth: 3.0%
Employees: 1,500
Revenue per employee: $226,666.67

 KEY PEOPLE
• Sheldon Rose
    CEO
• Kenneth Nothaft
    CFO

 CONTACT INFO
30057 Orchard Lake Rd., Ste. 100
Farmington Hills, MI 48333
US
Phone: 248-539-2255
Fax: 248-539-2125

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