Energy Real Estate Solutions Announces Four-Year Anniversary
Denver, CO — April 3, 2018 — Energy Real Estate Solutions (ERES), a full-service real estate firm focused on providing brokerage, development, property management, construction management, and consulting services to North American energy markets, has announced its four-year corporate anniversary. Launched in Denver, CO in April 2014, ERES has experienced significant growth since opening its doors, despite past uncertainty and tumult in the energy industry.
“We are so proud of the expansion and success ERES has experienced over these past four years,” said Mike Elliott, ERES Founder & Managing Principal. “Energy markets have certainly felt the turbulent ups and downs of crude oil prices, but ERES’ momentum has remained strong and the market impact we have curated for our clients is palpable.”
2014 - 2018 Key Growth Statistics:
- Completed real estate services and transactions in 22 U.S. states and four countries
- Opened four regional offices located in Denver, CO (HQ), Williston, ND, Midland, TX and Fort Worth, TX
- Expanded to a real estate team of over 130 staff members
- Reached $10 million in 2017 estimated revenue, up 45% from 2016
- Represented the sale or lease of over $750 million of land or property (2017 EOY)
- Managed over 4.5 million square feet, including 3,000+ multifamily units (2017 EOY)
With a cultivated specialization in key shale play markets, ERES has become the go-to expert for businesses with operations in and around the world’s most active energy markets, offering deep knowledge and expertise in the various ways oil activity impacts real estate investments and development.
“Our industry knowledge and market insight are a critical asset to clients seeking better ways to maximize their real estate portfolios,” said Elliott. “As we look to the future, ERES will continue to leverage our unique business model to provide sophisticated, tailored services to ensure the success of our clients’ real estate endeavors…no matter what the energy markets have in store.”
So far this year the real estate climate has been quite positive for major U.S. shale plays, with crude prices stabilizing and production activity continuing to increase from the Bakken to the Permian. In November 2017, U.S. crude oil production broke 10 million barrels a day for the first time in 48 years. All data points convey that the U.S. could soon become the largest oil producer in the world, which is incredible news for field service real estate investments.
“We already are seeing dramatic real estate inventory decreases in the markets where we do business,” said Elliott. “If the current production upswing continues as predicted we are going to help hundreds of clients see big returns on their shale play investments. We’re very excited to see what’s next.”
To learn more about Energy Real Estate Solutions, please visit www.energyreco.com.
Energy Real Estate Solutions (ERES), a full-service commercial real estate firm focused on helping energy companies and investors maximize their real estate portfolios, provides brokerage, project management, property and asset management, development, workforce housing, and consulting services in and around the world's most active energy sites. For more information, visit www.energyreco.com.