Encore Enterprises

Name

Encore Enterprises

Legal name

Encore Enterprises, Inc.

Website

https://encore.bz

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Alternative Investment and Commercial Real Estate Holding Company

NAICS

Offices of Other Holding Companies (551112), Other Financial Vehicles (52599)

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Roll-Up / Buy-and-Build ETA (FSANALAF)

akta.pro secondary industry

Operator-Led / CEO-in-Residence ETA (FSANALAI)

Keywords

• Commercial real estate investment
• Alternative investments
• Multifamily development
• Hospitality asset management
• Private equity holdings

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Investment and Asset Management: Encore generates revenue through acquiring, developing, and managing commercial real estate assets including multifamily, retail, hospitality, and commercial office properties. Revenue includes rental income, asset appreciation, and asset management fees on its $1.8 billion AUM portfolio.
2. Operating Company Holdings: Revenue from wholly-owned operating subsidiaries in medical (Surepoint Medical Centers), dental (Partnerships for Dentists), and restaurant (Encore Restaurants) sectors. These businesses generate recurring operating cash flows through healthcare services, dental practice management, and quick-service restaurant franchise operations.
3. Corporate Bond Issuances on TASE: Encore raises capital through public bond offerings on the Tel Aviv Stock Exchange (TASE), with NIS 455 million raised through Encore Opportunities Ltd. (operating companies) and NIS 918 million through Encore Properties Ltd. (real estate holdings). Consistent coupon payments provide recurring financing costs.
4. Transaction and Disposition Fees: Revenue from the sale and disposition of real estate assets and portfolio exits, including the $500 million hotel portfolio sale, $108.3 million Q4 2023 multifamily sales, and Five Guys franchise portfolio exit (sold to franchisor in 2022).

Go-to-market motion3 records

Distribution channels8 records

Marketing channels8 records

Core offering

Encore Enterprises is a privately held, vertically integrated alternative investment holding company that acquires, develops, and manages commercial real estate (multifamily, retail, hospitality) and operates wholly-owned businesses in healthcare (emergency rooms, dental service organization) and quick-service restaurants. The firm raises capital from high-net-worth investors, family offices, and global bond markets, and deploys it across $3.7 billion of diversified assets spanning 32 states.

Product overview

Encore Enterprises operates as a vertically-integrated, diversified investment holding company with a platform-plus-subsidiary architecture. The core company serves as the parent entity, while distinct subsidiaries handle specialized functions: Ignite Investments handles capital-raising and investor relations; Encore Multifamily, Encore Commercial, and Encore Hospitality manage real estate verticals; Surepoint Emergency Centers and Partnerships for Dentists operate healthcare services; Encore Restaurants manages franchise portfolios including the 7 Brew drive-thru coffee concept; and Encore Construction provides in-house development capabilities. Additionally, Encore Properties, Ltd. and Encore Opportunities, Ltd. are public bond vehicles on the Tel Aviv Stock Exchange. The company manages $3.7 billion in total asset value across commercial real estate and operating companies spanning 32 states.

Differentiator

Problem solved

Functional benefit

Brands

• Ignite Investments: Exclusive capital-raising partner and wholly-owned subsidiary, majority women-led platform dedicated to delivering white-glove service and cultivating long-term partnerships for Encore Enterprises investors.
• Encore Multifamily
• Encore Commercial
• Encore Hospitality
• Encore Restaurants
• Partnerships for Dentists (P4D)
• Surepoint Medical Centers
• Encore Construction
• 7 Brew

Products and services

• Encore Multifamily Develops and manages multifamily apartment communities from ground-up construction projects to revitalized value-add properties. Has completed over 50,000 units across 32 states, with 49 transactions totaling approximately $2 billion since inception.
• Encore Commercial Develops, acquires, and operates retail properties including grocery-anchored centers across 11 states, managing over 3.6 million square feet under management. Current portfolio of 26 properties totaling 1.41 million square feet following May 2025 acquisitions.
• Encore Hospitality Invests in, develops, and asset-manages hotel properties in non-gateway U.S. markets. Current portfolio encompasses 17 hotels with 2,349 keys across 11 states and approximately $371 million in assets under management; ranked #68 among top U.S. hotel management companies by Hotel Business Magazine in 2023.
• Surepoint Medical Centers Operates advanced stand-alone (freestanding) emergency rooms across Texas, providing convenient access to high-quality emergency care with minimal wait times. Navigates complex regulatory environments to generate consistent revenue through critical care services.
• Partnerships for Dentists (P4D) Dental service organization providing management support and strategic resources to a network of 37 dental clinics across 13 states while preserving each practice's unique character. Affiliated practices show an average 52% EBITDA growth in the first year of affiliation.
• Encore Restaurants Structures and manages quick-service restaurant franchise portfolios, leveraging experience from operating the largest Five Guys franchisee in the U.S. (110 locations, 2014-2022). Currently developing the 7 Brew drive-thru coffee franchise in Utah and Arizona.
• Encore 7 BREW, LLC

Quantifiable outcome

• $108.3 million in Q4 2023 multifamily sales; over $1.2 billion in total realized multifamily transactions since 2008.
• +4 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• AmCap Management Holdings LLCcoreStrategic or Co-development Partner · 24 April 2025AmCap, a vertically integrated private equity real estate firm focused on grocery-anchored and daily-needs retail centers, partnered with Encore in a co-GP joint venture (AmCap Management Encore LLC) for the acquisition of Northpoint Center (Arlington Heights, IL) and Cowesett Corners (Warwick, RI). This marks Encore's fifth portfolio acquisition with AmCap, which has a 40+ year track record and over $1 billion in AUM. Only one-third of U.S. retail centers meet AmCap's investment criteria.
• REIminorOthers · 6 October 2023REI, the nation's premier outdoor retailer, opened a flagship store at Encore Commercial's Market and Main development in Bedford, NH. The grand opening celebration in October 2023 drew long lines and media attention, demonstrating the success of Encore's mixed-use retail development strategy.
• AmCap Management Holdings LLCcoreStrategic or Co-development Partner · 24 October 2022AmCap and Encore acquired Liberty Square, a 107,431-square-foot grocery-anchored retail center in Wauconda, IL (Chicago suburb), for $18.7 million, financed with an $11.5 million loan from American United Life Insurance Co. This was an early joint venture in the AmCap-Encore partnership.
• Ignite InvestmentscoreOthersIgnite Investments is Encore's exclusive capital-raising partner and wholly-owned subsidiary (majority women-led) dedicated to delivering white-glove service to investors. It connects investors to curated opportunities within Encore's real estate and business ventures through personalized support, clear communication, and a commitment to excellence.
• 7 BrewcoreOthers7 Brew is a rapidly growing drive-thru coffee brand with over 295 stands across 31 states. Encore Restaurants, through its wholly-owned subsidiary Encore 7 BREW LLC, holds exclusive franchise rights to build and operate 7 Brew stands in Utah and Arizona. 7 Brew was named QSR Magazine's Breakout Brand of 2023 and is the fastest-growing restaurant chain in America by some measures.
• Five GuysminorOthersEncore Restaurants was the largest Five Guys franchisee in the U.S. from 2014-2022, operating 110 locations across Texas, Oklahoma, Colorado, Massachusetts, and California. The portfolio was sold back to the franchisor in 2022 at a valuation reflecting the operational value Encore had built. Encore opened the first digital ghost kitchen for Five Guys in North America in Garland, Texas in 2021.

Scale indicators16 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• AmCap Management Holdings: Vertically integrated private equity real estate firm focused on grocery-anchored and daily-needs retail centers with $1B+ AUM. AmCap is Encore's established co-GP partner across multiple retail portfolio acquisitions, making it the most directly comparable peer in grocery-anchored retail investment.
• Crow Holdings Capital: Dallas-based alternative investment manager specializing in commercial real estate across multiple property types and U.S. regions. Comparable to Encore in geographic base, CRE focus, multi-strategy structure, and institutional LP relationships.
• CA Ventures: Diversified real estate investment manager with significant multifamily and student housing exposure. Comparable to Encore's multifamily development platform (Encore Multifamily), which has completed 50,000+ units and ~49 deals totaling ~$2B.
• Highgate Hotels: Hotel investment, management, and development firm operating a large portfolio of full-service and select-service hotels across the U.S. Comparable to Encore Hospitality, which manages 17 hotels and 2,349 keys across 11 states.
• Brixmor Property Group: Public REIT focused on grocery-anchored open-air shopping centers. Comparable to Encore Commercial's 3.6M+ sq ft retail portfolio anchored by necessity-based tenants like Jewel-Osco and Stop & Shop.
• Heartland Dental: Largest U.S. dental support organization (DSO), supporting a network of dental practices with management services. Comparable to Encore's Partnerships for Dentists subsidiary, which operates 37 practices across 13 states.

Broad incumbents

• The Related Companies: Large diversified real estate and private equity firm operating across affordable housing, mixed-use, hospitality, and lifestyle sectors. Comparable to Encore as a broader, scaled alternative investment platform, though at meaningfully larger scale.
• Aimbridge Hospitality: Largest U.S. third-party hotel management company, operating across all major brands. Comparable to Encore Hospitality's select-service and limited-service hotel strategy but at materially larger scale and broader geographic reach.
• JLL (Jones Lang LaSalle): Global commercial real estate services and investment management firm offering brokerage, capital markets, property management, and investment advisory. Comparable to Encore's CRE investment and asset management activities but operates at significantly broader scale and as a public company.
• Kushner Companies: Privately held diversified real estate investment and development firm with multifamily, office, and mixed-use holdings across the U.S. Comparable to Encore's vertically integrated CRE platform, though more concentrated geographically and larger in scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCsOOqvfl2UHFbYc5gblkh8w
• Facebookfacebook.com/encenterprises
• LinkedInlinkedin.com/company/encore-enterprises
• Xx.com/encenterprises

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries11 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Encore Enterprises