The Medve Group, Inc.

Real EstateTexas, United States51-200 Employees

The history of The Medve Group cannot be told without providing a history of our founder, Jake Medve. The culture and direction he provides is woven into the fabric of the organization and allows for its continued success.

Jake's family emigrated from Hungary to Israel at the age of 4. At age 22, he came to the US and settled in St. Louis, MO. Despite knowing little English and limited resources, he put himself through college at the internationally renowned Washington University in St. Louis. He received a Bachelor of Science degree in Business Administration with a concentration in accounting and investment.

Upon graduation, Jake joined The May Department Stores Company as a buyer. This experience gave him direct exposure to the supply and demand dynamics underlying a retail environment. While he was successful, his passion laid elsewhere. Jake entered the real estate field on a part-time basis after assembling an investment group in 1975.  By 1979, the group had acquired more than 200 apartment units.  It was then that Jake decided to pursue real estate full-time and founded J. Medve Investment and Management, Inc.

In the late 70’s, Jake foresaw the economic downturn and converted his assets into cash. He began acquiring larger multi-family properties that others considered seriously distressed. His determination that these properties just required targeted renovation, stronger management, and a steady hand to carry them through the downturn proved prescient. These legacy investments provided for exponential growth in value and formed the backbone of the company today. He continues this strategy, often going against market trends, building a diverse portfolio with properties ranging from stable “C” properties to luxurious “A+” communities. 

In early 2005, Jake made the decision to relocate to Dallas, TX. This placed him, and the company, in the core area of the company’s operations and has allowed easy access to other markets for growth.

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