Ten years ago, Dakota Asset Services sold its first property in Saint Petersburg, Florida. Who is Dakota Asset Services, you ask? I’m happy to explain!
Dakota is a subsidiary of Rushmore Loan Management Services. Combined with our Correspondent Lending division and our Servicing division, we have a strong, tight-knit family that is structured to weather tumultuous market conditions. And thank goodness for that, since these are very tumultuous times in the mortgage industry.
Dakota is at the “caboose” of the mortgage cycle and prides itself in selling real estate – and helping support local communities through the disposition of that real estate. Whether it’s aiding someone in transitioning to a new property, deploying capital to local contractors through repairs, or preparing a home for a new family to purchase, Dakota helps to close the loop on the mortgage cycle and helps strengthen the local area where the property is located.
Dakota Facts and Figures
Remember that Saint Petersburg property I mentioned earlier? Dakota sold that property for a tidy $29,900 in 2012, and according to Zillow, it’s worth almost a quarter of million dollars today! Here are other facts and figures about Dakota’s first 10 years:
- Over 36,000 properties sold
- $5.7 billion in real estate sold
- Average sale price of $155,600
- Highest sale price was $7 million for a property in Houston, Texas
- Top 3 states by volume:
- New Jersey (4,255 units)
- Florida (3,902 units)
- New York (2,946 units)
Brian Martin has been Dakota’s Chief Operating Officer since 2019, and before that, he also worked at Rushmore. “I’ve been fortunate enough to see many sides of Rushmore and Dakota, and we’ve had amazing employees everywhere I’ve been,” Brian said. “Dakota is a valuable part of the Rushmore family, and I’m proud of Dakota employees for working to ensure our collective success, now and in the years to come.”
This 10-year milestone is a momentous occasion for Dakota and the entire Rushmore family. Though small in size, Dakota makes a mighty impact on our business – enabling us to be a truly multi-pronged and efficient enterprise. With respect to Rushmore’s core values, We Are Proud, today and always, of our talented and dedicated Dakota team.
Happy 10-year anniversary Dakota. The Rushmore family appreciates your many contributions and is counting on you for many more years of success!