Unparalleled portfolio. Most desired markets. Ershig Properties.
Ershig Properties, Inc. is a regional commercial real estate development and management company. The company was formed in 1979 as a Kentucky C-Corporation with Don R. Ershig as the sole stockholder. During the first decade of operations, the company focused on developing and selling commercial real estate. The company now owns and manages 25 retail shopping centers plus numerous and diversified free-standing commercial developments in the southeast region. The majority of the company's current growth is from acquiring second-generation shopping centers mainly from institutional clients. Within the last few years various LLC companies have been formed, that are now used to acquire and own investment properties. All properties are managed from the company home office except where on site managers and maintenance personnel are required.
Other divisions of the company are divided into leasing and construction management. The company oversees a total employment of 350 people through its various entities.
Growth for the forthcoming 3-5 years is expected to come from continued acquisitions of second-generation shopping centers, enclosed county seat malls and related free standing commercial developments. Ershig Properties' entities are also expected to develop and lease new restaurant units as created by Summit Food Services, Inc. The total gross leasable area owned and managed by the company currently represents approximately three million square feet.