Intransit properties: transcending real estate's ups and downs for 30 years and counting.
Author | Beck, Cathie |
Position | REAL ESTATE |
HOLLY TOENJES HAD NO IDEA WHEN she launched her real estate career 30 years ago that she would run one of Colorado's first "full-scope" real estate service companies. Today her Cherry Creek-based In Transit Properties offers a wide variety of services: from sales, to rentals, relocation and property management.
[ILLUSTRATION OMITTED]
"In 2009, Colorado appointed InTransit Properties as a receiver, meaning we accepted properties in Foreclosure," says Toenjes. "We came in as a vital arm of the industry and worked to save properties from vacancy by reaching out to banks. We secured tenants and made properties sellable."
As a result of die receivership, from 2009 to 2012, InTransit grew 83 percent. "We immediately took on 22 properties, and then rented and ultimately sold every one.
The most recent recession also helped catapult the company's growth. "When the recession hit, we jumped in with both feet," said Toenjes. "When rates go down, investors and homeowners can buy. We have a pool of properties we manage and...
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