Who would have thought that over 70+ years later The Procopio Companies would have a pipeline of over $1bb in market-rate multifamily developments? 🙌 We often forget how difficult it is for any business to survive that long, much less a family business. And the statistics show it. Only 13% of businesses are passed successfully down to the third generation, with an even smaller 3% making it to a fourth or beyond. 📌 #team #culture #business #construction #multifamily
Success is not an accident, that's for sure. Congratulations to the entire team at The Procopio Companies
That's amazing The Procopio Companies. What a testament to your family's dedication and resilience. 💪🏻
That is an amazing accomplishment, and interesting stats. Kudos to the Procopio family and team for the hard work, dedication and smart decisions over those 70+ years. Not to mention the responsible use of those entrepreneurial genes ;-)
What are the stats for IF make it to third generation, THEN also make it to fourth?
Not easy!
With great leadership comes great success!
Congrats to the Procopio team
Impressive! Glad to have met you!
The other generations did great, now don’t F it up Michael Procopio!😁
Expert in Smart Property Technologies for Multifamily, Student Housing and Build To Rent Communities | Founder of PropTech Today podcast and PropTechToday.io content platform | Alliance Partnerships | LinkedIn Trainer
8moIt's truly inspiring to see The Procopio Companies' longevity and success in the multifamily development market. Their journey is a testament to the power of resilience, adaptability, and a strong team culture. As someone who also works in the real estate industry, providing innovative solutions to developers, I appreciate the challenges and rewards of this sector. Here's to many more years of growth and success for The Procopio Companies!