Peak Companies (formerly known as Peak Corporate Network) is an American group of diversified real estate and financial services companies headquartered in Los Angeles, California.[1] The company provides a comprehensive range of real estate solutions, including mortgage lending, loan servicing, real estate brokerage, property management, and investment services. As of 2024, thirteen entities operate under the Peak umbrella.[2]
Company type | Private |
---|---|
Industry | |
Founded | 1991Los Angeles, California, U.S. | in
Founders |
|
Headquarters | Peak Professional Plaza, , |
Area served | United States |
Website | peakcorp |
Overview
Established in 1991 by Los Angeles businessmen Eli Tene and Gil Priel, Peak originally focused on short sale transactions.[3] In 2007, Peak started a private lending fund through a partnership with a $12 billion private family office.[4]
In a bid to expand its operations in Southern California, Peak became a real estate franchisee of Century 21 Real Estate in September 2015. The following month, Century 21 Peak acquired Granada Hills, Los Angeles–based Century 21 All Moves, Century 21's oldest franchise. The acquisition of All Moves added about 100 employees to Century 21 Peak's residential real estate operation and increased Peak Corporate Network's total staff to 300 people.[5][6] Peak subsequently expanded into the Inland Empire with the acquisition of two Upland, California–based firms: American Inland Empire R.E. Inc. in December 2016 and Century 21 Prestige in February 2017.[7][8]
In May 2014, Peak Finance, a division of Peak Corporate Network, and Misuma Holdings, acquired the Myrtle Beach Mall in South Carolina for $45 million.[9] In May 2016, Peak Financial and Misuma announced they would begin a $30 million renovation of the mall in 2017.[10] In July 2017, Peak Finance secured nearly $103 million in financing for a North Hollywood, Los Angeles complex consisting of 297 apartments and a 365 By Whole Foods Market.[11] Peak is the owner of InterServ, one of the largest nationwide hospitality renovation companies in the U.S.[4]
References
External links
Wikiwand in your browser!
Seamless Wikipedia browsing. On steroids.
Every time you click a link to Wikipedia, Wiktionary or Wikiquote in your browser's search results, it will show the modern Wikiwand interface.
Wikiwand extension is a five stars, simple, with minimum permission required to keep your browsing private, safe and transparent.