The 2nd-fastest-growing tech company? It’s a real estate firm
With revenue up nearly 30,000% over three years, upstart brokerage LPT Aperture Holdings took second place in Deloitte’s 2025 Technology Fast 500 list.
Key points:
- LPT and The Real Brokerage were the only real estate brokerages to rank among the 500 fastest-growing tech companies.
- Both firms have similar models — cloud-based, non-franchised, revenue sharing — and have prioritized technology as part of their growth plans.
- LPT has been focused on growth from day one, according to its founder, and is preparing for an initial public offering.
Many companies in the residential real estate space promote themselves as tech-first, but few have achieved the breakneck pace of revenue growth more often associated with the Googles and Apples of the world.
This year, however, two real estate brokerages were among the technology growth leaders in Deloitte's Technology Fast 500 list: LPT Aperture Holdings — the parent company of LPT Realty and Aperture Global Real Estate, which launched in May — made a remarkable debut on the 2025 rankings, and The Real Brokerage came in at No. 100.
Well beyond the double digits
While many real estate companies would be pleased to report revenue growth of 10-20% — especially during a market slowdown — LPT Aperture's figures far exceed that of any other top firm.
With a revenue growth rate of nearly 30,000% from 2021 through 2024, according to Deloitte, the brokerage took the No. 2 position among the fastest-growing tech businesses in North America — a list that includes companies in technology services, life sciences, AI and hardware. No other real estate brokerage has landed on the list with a higher ranking, LPT noted.
Leaning into fintech
The Real Brokerage also made the Fast 500 list, landing at No. 100 with 939% revenue growth over three years. Last year it ranked 38th with revenue growth of more than 4,000%.
Deloitte put Real in the fintech category, which speaks to the company's focus on its proprietary Real Wallet offering and other finance-adjacent initiatives, including its new Real Wallet Capital lending product and reZEN, a transaction and financial management tool.
Real has highlighted its fintech offerings, along with Leo CoPilot — an AI platform for agents — and HeyLeo, an AI-driven home search tool for consumers, during recent earnings calls.
Scaling like a tech startup
While LPT and Real both operate as residential brokerages, their inclusion in the list speaks to their investment in technology development as a key driver of growth.
Another commonality between the two firms? They are both single-entity, cloud-based brokerages offering revenue sharing — a category that has witnessed exponential growth in the real estate space.
For instance, in 2024, LPT Realty's nearly 15,000 agents did approximately $13.9 billion in sales and closed more than 36,000 transaction sides, translating to 194.9% growth in sales volume between 2023 and 2024, T3 Sixty research finds. (Note: Real Estate News is an editorially independent division of T3 Sixty.)
LPT's growth represents the biggest gain among any of the U.S.'s 100 largest brokerages and nearly double the growth of Real, which had the next biggest leap and achieved its first billion-dollar year in 2024 as revenue increased 84%.
eXp, which has a similar model, did not make the Deloitte list for 2025 but was most recently included in 2023, ranking 350th.
Eyeing a public offering
LPT's stratospheric trajectory has always been a part of the plan, according to Founder and CEO Robert Palmer, who has previously spoken to Real Estate News about the company's ambitious agent growth goals — especially as the company gears up for an initial public offering.
Palmer told Real Estate News that he was just in New York City in November meeting with representatives from the New York Stock Exchange and Nasdaq to "understand what a relationship with each of them would look like" and to weigh the pros and cons of choosing one exchange over the other.
Palmer said he and right-hand man Michael Valdes, the CEO of LPT International and former chief growth officer at eXp, will have to make a decision about which exchange to work with "before we take any further steps" with the IPO.