REDICO has earned the honor of being selected for the Crain’s Detroit Business 2024 Fast 50. This is a list compiled from the Crain’s database of the area’s fastest-growing companies from 2020 to 2023. What makes this list unique is companies are chosen based on the percentage of their revenue increase, as well as on the dollar increase.
We’re proud of our position at number seven on the list. Considering the starting point is 2020, which was impacted by the pandemic shutdown, our numbers reflect very positively over the three-year period. We are incredibly pleased to be included with some of the most esteemed companies in Michigan. Our listing included the following:
2023 revenue: $455.9 million
2020 revenue: $122.1 million
3-year % increase: 273.4%
3-year $ increase: $333.8 million
REDICO has seen increased revenues through organic growth, new developments and acquisitions. During the period, American House Senior Living, a significant senior housing affiliate in REDICO's portfolio, showed an increase in revenue of 50 percent.
