Elm Grove Companies Named #1 in Manchester-Nashua Metro on 2025 Inc. 5000 List, Creating Jobs and Expanding Affordable Housing

Earned Spot on 2025's Inc. 5,000 List

Manchester, NH – September 20, 2025 – Elm Grove Companies, a New Hampshire-based real estate investment, development and property management firm, has been recognized as the #1 fastest-growing private company in the Manchester-Nashua Metro Area and #2794 nationally on Inc. Magazine’s 2025 Inc. 5000 list. The firm posted 148% revenue growth and a compound annual growth rate of 35.7% from 2021 to 2024, underscoring its role as one of the region’s most dynamic multifamily platforms.

Today the company manages more than 2,000 apartments across New England, oversees $450 million in assets under management (AUM), and employs 85 people.

“This honor reflects our team’s hard work, the support of our investors and our commitment to the communities we serve,” said Newton Kershaw III, Principal and Co-Founder of Elm Grove Companies. “As we’ve grown, we’ve created jobs, delivered affordable housing, and built strong partnerships with towns and cities across the region. We’re equally proud of the charitable work we do through Elm Grove Cares, our nonprofit arm dedicated to helping children thrive.”

Recent milestones include the acquisition of affordable housing communities Wallace Farm Apartments in Londonderry, NH (168 units) and Country Brook Apartments in Rochester, NH (96 units), market rate community Highfield Commons in Rochester, NH (96 units), development of 126 Low Income Housing Tax Credit units in Salem, NH and Rochester, NH and third-party management of Tidewater Apartments in Salisbury, MA (210 units).

Looking ahead, Elm Grove has a backlog of over 500 apartments market rate and affordable housing units in the acquisition and development pipeline, positioning the company for continued growth while expanding housing access across the region.

About Elm Grove Companies

Elm Grove Companies is a vertically integrated real estate investment firm dedicated to building thriving, sustainable communities. With 2,000+ apartments, $450M+ AUM, and 85 employees, Elm Grove combines acquisitions, development, and property management expertise to deliver results for investors and lasting impact for communities. Learn more at www.elmgrovecompanies.com.